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Author Topic: How and where do I store my bitcoins?  (Read 6555 times)
X-ray
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January 02, 2017, 04:32:34 AM
 #121

You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
Blockchain is not a wallet, it's a system which is used by bitcoin and i would recommend you to learn first : http://www.investopedia.com/terms/b/blockchain.asp
but if you are reffering to blockchain.info then i will point out that it's not the safest option because it's basically online wallet which make your private key saved in their database so your private key is not secret anymore, i'm myself will recommend sort of desktop wallet or even hardware wallet

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January 03, 2017, 12:58:21 PM
 #122

You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
Blockchain is not a wallet, it's a system which is used by bitcoin and i would recommend you to learn first : http://www.investopedia.com/terms/b/blockchain.asp
but if you are reffering to blockchain.info then i will point out that it's not the safest option because it's basically online wallet which make your private key saved in their database so your private key is not secret anymore, i'm myself will recommend sort of desktop wallet or even hardware wallet
You have a point. The safest wallet is paper wallet, whom can be saved in your desktop. What you need to use that wallet is to save your private key in order to open it. That is the best way if you would tend to "stock" your bitcoin. The only disadvantage of it is that, you can not open it from other desktop or device so if you lost your desktop or malware run in it, there is a possibility that you could not open it anymore



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Rainbot
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January 03, 2017, 03:05:49 PM
 #123

You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
Blockchain is not a wallet, it's a system which is used by bitcoin and i would recommend you to learn first : http://www.investopedia.com/terms/b/blockchain.asp
but if you are reffering to blockchain.info then i will point out that it's not the safest option because it's basically online wallet which make your private key saved in their database so your private key is not secret anymore, i'm myself will recommend sort of desktop wallet or even hardware wallet
You have a point. The safest wallet is paper wallet, whom can be saved in your desktop. What you need to use that wallet is to save your private key in order to open it. That is the best way if you would tend to "stock" your bitcoin. The only disadvantage of it is that, you can not open it from other desktop or device so if you lost your desktop or malware run in it, there is a possibility that you could not open it anymore

Paper wallets aren't supposed to be used after you have spent the coins from it. The best way is to just spend a paperwallet and then create new one to receive new coins in. It's probably for the best to print a bunch of private keys at once.

What I would suggest for the OP is either a paper wallet (given you know how to properly store them) or simply a Trezor or other hardware wallet. With paper wallets you would have to be extremely careful though. They are only safe if handled right.

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mrbigmugs
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January 03, 2017, 09:52:30 PM
 #124

You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
yes not only blockchain, but yobit and xapo are also trusted wallets where you can store your bicoin , but i think the important thing is that you should not keep your bitoin in one place, because if you are keeping them in one place in a big amount then you are increasing the risk of stealing your bitcoins.

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January 05, 2017, 01:41:27 PM
 #125

I actually store my bitcoins in my electrum wallet in my laptop. its safe. I also advice every one to not store bitcoins in exchanges. Already, we have seen some exchanges hacked.

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January 05, 2017, 02:03:37 PM
 #126

I actually store my bitcoins in my electrum wallet in my laptop. its safe. I also advice every one to not store bitcoins in exchanges. Already, we have seen some exchanges hacked.
You are right its not really safe to store bitcoins on exchange wallets and as you said possibilities of getting hacked is there and the risk of losing our hard earned bitcoin is there also.I would like really like to suggest to store bitcoin on hardware wallets because you do have the full control on it as long you posses the private keys the security would really be more secure.

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January 05, 2017, 08:55:56 PM
 #127

You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
yes not only blockchain, but yobit and xapo are also trusted wallets where you can store your bicoin , but i think the important thing is that you should not keep your bitoin in one place, because if you are keeping them in one place in a big amount then you are increasing the risk of stealing your bitcoins.
i think i will prefer blockchain the most trusted online wallet, i think your money is about 100 % safe here, you just need to prevent your key from the hackers, because they search for such account from where they can easily get bitcoin.
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January 06, 2017, 07:31:52 PM
 #128

I actually store my bitcoins in my electrum wallet in my laptop. its safe. I also advice every one to not store bitcoins in exchanges. Already, we have seen some exchanges hacked.
you are right electrum wallet is much more safe and secure and no one can hack your bitcoin from electrum wallet and i think online wallet is not safe and anyone can hack online wallet easily.
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