Title: Storing BTC and USD safely whilst day trading. HELP Post by: finbar on January 08, 2014, 03:12:51 PM Hi I was previously an owner of BTC, untill i was hacked and robbed of my btc-e account (around $7000 at todays price, which is similar to the time).
To be fair i'm aware that there were a whole load of precautions i could have taken, but i did not research properly into them and so on. I am looking to buy back some coins and have the money saved. Finding that i usuallyy make profitable day trading decisions i liked to keep all my BTC/USD on btc-e, but as i found out that's not the safest thing to do. What i'm wondering is how i can store my BTC so its easily accessible to my btc-e account for quick transactions, i hear this is fairly simple (but i am a noob so hey). Also a way of safely storing USD off the btc-e website so that i can use it very quickly to make purchases. Any help would be great. Thanks. If you feel like helping me BTCack on my feet: 1sDMKUapfrYmJ6RyxfEALmb4K3r6RhLJn Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: koryu on January 08, 2014, 03:38:48 PM sorry for your lost. Did you use two factor authentication?
Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: finbar on January 08, 2014, 04:06:47 PM sorry for your lost. Did you use two factor authentication? No stupidly not, but i'll just have to learn from that mistake i suppose. Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: jimmyjimmy on January 08, 2014, 08:12:28 PM sorry for your lost. Did you use two factor authentication? No stupidly not, but i'll just have to learn from that mistake i suppose. You wasn't stupid about this "mistake". Anyways i suggest you to make a paper wallet , that's the best way to store your BTC. Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: finbar on January 09, 2014, 03:35:56 AM sorry for your lost. Did you use two factor authentication? No stupidly not, but i'll just have to learn from that mistake i suppose. You wasn't stupid about this "mistake". Anyways i suggest you to make a paper wallet , that's the best way to store your BTC. Yeah, but if i put them into a paper wallet is it easy and quick to move my BTC in and out of btc-e? Also if i want to hold USD can i put that in a paper wallet? Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: koryu on January 09, 2014, 08:38:02 AM for daytrading you must have money on the exchange because funding takes too much time. if you use two factor authentication it should be secure. best way is to use a device for it which is never connected to the pc you are trading with.
Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: finbar on January 09, 2014, 10:39:50 PM best way is to use a device for it which is never connected to the pc you are trading with. you mean for 2fa? Are you sure there is no quicker way i can hold usd not on the site. Like a dollar code or something of that sort. Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: Freyja on January 09, 2014, 10:47:22 PM sorry for stealing your thread a bit here but what is 2fa and paper wallet? ???
Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: kaliNZ on January 10, 2014, 01:32:59 AM sorry for stealing your thread a bit here but what is 2fa and paper wallet? ??? 2fa = two factor authentication A paper wallet is a mechanism for storing bitcoins offline, on paper. Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: koryu on January 10, 2014, 08:25:19 AM best way is to use a device for it which is never connected to the pc you are trading with. you mean for 2fa? Are you sure there is no quicker way i can hold usd not on the site. Like a dollar code or something of that sort. yes for 2fa. never heard of such a way. Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: nerobie on January 10, 2014, 11:20:41 AM i can use it very quickly to make purchases.
Title: Re: Storing BTC and USD safely whilst day trading. HELP Post by: finbar on January 10, 2014, 11:50:29 AM i can use it very quickly to make purchases. You can use what? |