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Author Topic: Does anyone keep $10k+ Worth of BTC in Coinbase/Blockchain?  (Read 1963 times)
Amph
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December 20, 2014, 02:42:15 PM
 #21

no too risky, better to hold them in a cold storage, like usb, or you can build a dedicated desktop only for the bitcoin client(i find it more secure than a VM to be honest)
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December 20, 2014, 03:43:22 PM
 #22

Thus keep it there without it in a paper wallet?  I read its very unsafe b/c those are hot wallets but if u plan to do transactions once a week at least, i read paper wallets are not good b/c its meant for long term storage.  Im sure there are lot of ppl that has kept this much money in their accts right?


I don't have $10000 in bitcoin in total, but I am keeping 90% of my bitcoin in a paper wallet.

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December 20, 2014, 06:07:31 PM
 #23

So i posted in another forum and this is what someone told me and want your opinion on this.  I mentioned that i kept over $10000 in 5dimes previously and they said if i kept that much in a sportsbook online, then i shouldn't have any issue with keeping over $10000 in coinbase.  Do you guys agree/disagree with this statement?  For me, i would feel safer keeping $25000 on 5dimes then even $5000 on coinbase/blockchain based on what i had read about it here recently.


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January 01, 2015, 05:34:55 AM
 #24

So i posted in another forum and this is what someone told me and want your opinion on this.  I mentioned that i kept over $10000 in 5dimes previously and they said if i kept that much in a sportsbook online, then i shouldn't have any issue with keeping over $10000 in coinbase.  Do you guys agree/disagree with this statement?  For me, i would feel safer keeping $25000 on 5dimes then even $5000 on coinbase/blockchain based on what i had read about it here recently.

Honestly I don't have any experience with 5dimes, but Coinbase and Blockchain are considered to be one of the safest and trusted platforms.

Blockchain.info had some security glitch that exposed private keys of some users, but it has been apparently been fixed now.

But then again, $10,000 is a great deal of amount to keep online; regardless of the platform is trusted or not.
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January 01, 2015, 06:15:19 AM
 #25

I don't have $10k worth of BTC but to answer your Question, No, I don't even keep $100 worth BTC in any on-line wallet/exchange.

 

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January 01, 2015, 08:03:10 AM
 #26

of course not! Cold storage / hardware storage. I prefer to split it amongst different cold storages / hardware storages.

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January 01, 2015, 11:29:32 AM
 #27

You shouldn't, but from the mtgox and inputs.io incident, we do know that some bitcoiners have kept a crazy amount (hundreds or even thousands of bitcoin) in their accounts.

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January 01, 2015, 01:58:31 PM
 #28

It really depends if $10k means a lot to you, some keep up to millions of $ online exchange site. I my self only keep 5k max.

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January 02, 2015, 08:55:47 AM
 #29

If $10k is not much to you if you were to lose it then I am sure there are some people out there who do so. Perhaps they want to keep a nice amount for instant spending, $10k in BTC is a nice little travel wallet if you ask me Cheesy
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January 02, 2015, 09:03:20 AM
 #30

IMO it'd be better to keep that much money in a paper or hardware wallet. But for me that'd be too much even for a hardware wallet.

If I were you, I'd put around $9000 in a paper wallet and keep the $1000 in a hardware wallet for daily transactions.

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