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Author Topic: Where should i keep my bitcoins?  (Read 874 times)
xwshamim
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August 18, 2017, 08:42:21 PM
 #21

There are many wallets myetherwallet is the  safest as i think. Because they give you full control over your account they dont store your private keys . there are also some othere wallets like coinbase ,mycelium etc .coinbase doesnt provide you private kesy of your account but it is safe till now .but when the price is going up and down you ll face a lot of problems
JTASSOCIATES
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August 19, 2017, 09:39:44 AM
 #22

What I Understood is Electrum Wallet is safe and one of my friend also using it also advised to open electrum wallet.

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sabbathhawk
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August 19, 2017, 10:36:20 AM
 #23

There are many wallets myetherwallet is the  safest as i think. Because they give you full control over your account they dont store your private keys . there are also some othere wallets like coinbase ,mycelium etc .coinbase doesnt provide you private kesy of your account but it is safe till now .but when the price is going up and down you ll face a lot of problems

only hardware wallet is the safest option (Ledger the best, as option KeepKey and Trezor)
After the best option is iOS application for bitcoins breadwallet. iOS itself is pretty good with security and breadwallet is the best app for now for keeping bitcoins
None of online wallets are safe do not hold your bitcoins there, you are at risk to lose them all

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coinzoid
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August 19, 2017, 11:38:40 AM
 #24

I have been using Ledger Nano S for more than 5 months and I have had no problems so far. It also supports some altcoins and with firmware updates they add new coins. For instance ripple has been added recently.
demsybtc
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August 19, 2017, 08:27:24 PM
 #25

If you have a lot of bitcoins, Ledger Nano S is a good choice.

How would a hardware wallet be a better choice for higher stakes? Is it better than any other wallet?
demsybtc
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August 19, 2017, 08:33:46 PM
 #26

Number one rule . Always own your own coins no matter if it's bitcoin or altcoin, you would need the private keys if you want to claim ownage of your coins. As long as you own the private keys you can import it into any wallet with support for private coins.

Electrum for me is the best. Online wallets maybe Blockchain.info or spectrocoin.

Thanks for the sharing, will read up and understand more about the online wallet you suggested. Electrum being the best for you, would you share your experience or review about it?
Mink1993
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August 29, 2017, 03:54:24 PM
 #27

Just a newbie advice. Use paper wallet. Even hundred of years of human history still there because it is being written on paper. The benefit of a paper wallet that is made correctly is that the private keys are not stored digitally anywhere, and are therefore not subject to standard cyber-attacks or hardware failures.
cas606
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August 29, 2017, 04:02:24 PM
 #28

I am new as well. For ETH, I am using myetherwallet, and it works pretty well and safe I think. Being able to swap to/from btc for eg, is a plus for me.

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August 29, 2017, 05:47:27 PM
 #29

Do not keep your coins on an exchange or some app wallet on your phone. These things can be hacked. Get your coins offline and place them on a paper wallet or Hardware wallet.

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SuperPower
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August 29, 2017, 06:28:33 PM
 #30

Paper wallets are the safest way to store your Bitcoins, in my opinion.

1. Open http://bitaddress.org in a Private/Incognito window
2. Turn off your Internet connection/Airplane mode
3. Generate a new Bitcoin address/Private Key
4. Print your Paper Wallet
5. Close the Incognito Window
6. Turn back on Wifi

Now you can send your Bitcoins to the paper wallet and you control the private keys. You can import the private key into blockchain wallet when you're ready to spend.

Thank you for this
I have noted it in my doc file.
WildWestRider
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August 29, 2017, 09:42:41 PM
 #31

Paper wallets are the safest way to store your Bitcoins, in my opinion.

1. Open http://bitaddress.org in a Private/Incognito window
2. Turn off your Internet connection/Airplane mode
3. Generate a new Bitcoin address/Private Key
4. Print your Paper Wallet
5. Close the Incognito Window
6. Turn back on Wifi

Now you can send your Bitcoins to the paper wallet and you control the private keys. You can import the private key into blockchain wallet when you're ready to spend.

You're awesome, thank you for taking the time to post the in-depth steps!
hackl3r
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August 29, 2017, 09:59:18 PM
 #32

The importante think here is you need to choose one who doesn't ask for documents like Xapo, a very good example is Blockchain wallet or Bitcoin Wallet from android.

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Cryptomover
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August 30, 2017, 01:44:46 AM
 #33

In my opinion hardware wallets and paper wallets are both safe.
However, hardware wallets like Trezor and Ledger would be better for newbies as they are relatively user-friendly and easy to use.
For paper wallets, the setup process requires some knowledge about what you are doing and a single mistake could lose you money. It's also tricky about how to store your paper safely.
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