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Author Topic: Where do you store your bitcoins ?  (Read 13038 times)
OrientA
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October 22, 2015, 09:22:31 AM
 #141

And i don't know how to operate Hardware wallets anyway  Roll Eyes

hardware wallets (at least the main ones like Trezor, Case, Ledger) are very easy to operate, arguably easier than some software ones
I do think the prices should be lowered, but if you have more than a few btcs it's worth the investment

how if your hardware wallets is lost? any back up there? just like youre lost your flashdisk..

I have the same worry. How can you back up your hardware wallet. Do you still need a paper copy of the password?
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October 22, 2015, 03:36:56 PM
 #142

And i don't know how to operate Hardware wallets anyway  Roll Eyes

hardware wallets (at least the main ones like Trezor, Case, Ledger) are very easy to operate, arguably easier than some software ones
I do think the prices should be lowered, but if you have more than a few btcs it's worth the investment

how if your hardware wallets is lost? any back up there? just like youre lost your flashdisk..

I have the same worry. How can you back up your hardware wallet. Do you still need a paper copy of the password?

Keep a private key store on secure disk, plan it on flash disk, CD disk or even hard disk , also save your hardware wallet in safe place which no one can reach it or even make a paper wallet at once.
OrientA
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October 22, 2015, 03:43:59 PM
 #143

And i don't know how to operate Hardware wallets anyway  Roll Eyes

hardware wallets (at least the main ones like Trezor, Case, Ledger) are very easy to operate, arguably easier than some software ones
I do think the prices should be lowered, but if you have more than a few btcs it's worth the investment

how if your hardware wallets is lost? any back up there? just like youre lost your flashdisk..

I have the same worry. How can you back up your hardware wallet. Do you still need a paper copy of the password?

Keep a private key store on secure disk, plan it on flash disk, CD disk or even hard disk , also save your hardware wallet in safe place which no one can reach it or even make a paper wallet at once.

What happens if the hard ware is broken or lost? Can you buy the same hardware and import the key?
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October 22, 2015, 04:26:30 PM
 #144

And i don't know how to operate Hardware wallets anyway  Roll Eyes

hardware wallets (at least the main ones like Trezor, Case, Ledger) are very easy to operate, arguably easier than some software ones
I do think the prices should be lowered, but if you have more than a few btcs it's worth the investment

how if your hardware wallets is lost? any back up there? just like youre lost your flashdisk..

I have the same worry. How can you back up your hardware wallet. Do you still need a paper copy of the password?

Keep a private key store on secure disk, plan it on flash disk, CD disk or even hard disk , also save your hardware wallet in safe place which no one can reach it or even make a paper wallet at once.

What happens if the hard ware is broken or lost? Can you buy the same hardware and import the key?

Honestly, I'm not use hardware wallet, but you can see faq a trezor hardware wallet: FAQ
dothebeats
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October 22, 2015, 05:40:03 PM
 #145

I would just add that I have some extra bits laying in an altcoin exchange. I trade altcoins too, and I must say that it is very profitable if you know how to spot the indications that a coin will do good. The best and cheapest method so far is through a paper wallet and is stored in a safe place.

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.HUGE.
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teddy5145
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October 22, 2015, 05:44:07 PM
 #146

And i don't know how to operate Hardware wallets anyway  Roll Eyes

hardware wallets (at least the main ones like Trezor, Case, Ledger) are very easy to operate, arguably easier than some software ones
I do think the prices should be lowered, but if you have more than a few btcs it's worth the investment

how if your hardware wallets is lost? any back up there? just like youre lost your flashdisk..

I have the same worry. How can you back up your hardware wallet. Do you still need a paper copy of the password?

Keep a private key store on secure disk, plan it on flash disk, CD disk or even hard disk , also save your hardware wallet in safe place which no one can reach it or even make a paper wallet at once.

What happens if the hard ware is broken or lost? Can you buy the same hardware and import the key?
If im not wrong, yes you can
You just need to import he private key and you're in
To make sure you don't lose your private key, back that up into cloud like Gdrive or Mediafire Roll Eyes
Looks like im stuck with online wallet for now Tongue
dothebeats
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October 22, 2015, 05:49:43 PM
 #147

If im not wrong, yes you can
You just need to import he private key and you're in
To make sure you don't lose your private key, back that up into cloud like Gdrive or Mediafire Roll Eyes
Looks like im stuck with online wallet for now Tongue

Storing your privkeys in a cloud storage is the most foolish thing to do. It is as if you're giving away your money for free without much difficulty. Putting it in a flash drive is way safer than storing it in a cloud storage.

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.HUGE.
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October 22, 2015, 06:15:41 PM
 #148

I store my wallet.dat files in usb sticks for as long as I know Bitcoin. It's working fine and I'm planning to buy a few more sticks to make sure I have enough backups. A Bitcoin lover can't have enough backups.  Cheesy
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October 22, 2015, 06:19:52 PM
 #149

I have an encrypted wallet.bat backed up in a few places. I also have a paper wallet with a few extra coins.
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October 22, 2015, 06:47:50 PM
 #150

I store my wallet.dat files in usb sticks for as long as I know Bitcoin. It's working fine and I'm planning to buy a few more sticks to make sure I have enough backups. A Bitcoin lover can't have enough backups.  Cheesy

USB sticks are bit expensive if you consider some other back up methods.
For a true bitcoin lover the back ups will grow when the new address are being generated. I believe some 3 to 5 back ups in different geo locations are more than enough.
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October 22, 2015, 06:49:38 PM
 #151

Coinbase and Bitcoin-qt.
Both have good security.
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October 23, 2015, 12:23:58 AM
 #152

I store them in my bra virtual wallet.
OrientA
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October 23, 2015, 09:09:22 AM
 #153

I store them in my bra virtual wallet.

What is a virtual wallet? Is it a bitcoin qt or some online account? Do you store it in cloud service?
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October 23, 2015, 09:42:50 AM
 #154

I store my wallet.dat files in usb sticks for as long as I know Bitcoin. It's working fine and I'm planning to buy a few more sticks to make sure I have enough backups. A Bitcoin lover can't have enough backups.  Cheesy

USB sticks are bit expensive if you consider some other back up methods.
For a true bitcoin lover the back ups will grow when the new address are being generated. I believe some 3 to 5 back ups in different geo locations are more than enough.

I have probably 10 USB sticks right now, where 8 of them are at least 3 years old, that's why I want to purchase a few extra. The price is fairly low as it cost around €6 for a 16GB Sandisk stick nowadays.
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October 23, 2015, 09:59:54 AM
 #155

I store them in my bra virtual wallet.

What is a virtual wallet? Is it a bitcoin qt or some online account? Do you store it in cloud service?

Virtual is something non physical, for short digital, so a virtual wallet is a wallet that's web based or either software based wallets. I think that's what he mean Cheesy

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October 23, 2015, 10:02:51 AM
 #156

Every time i see this thread, i'm tempted to say:

"In a sock, under my matress"...

In reality, i store about half of my funds in a multibit HD wallet, and the other half in an electrum wallet...

If i ever have a dormant stack (coins i don't use for lending/trading), i'll defenatly make a paper wallet (encrypted), laminate it, and store it both in my house, and my brother's house...

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October 23, 2015, 10:04:23 AM
 #157

I basucally prefer saving bitcoin in my paer wallet... The best to keep your bitcoins safe and secure...  Grin
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October 23, 2015, 10:20:19 AM
 #158

I store my wallet.dat files in usb sticks for as long as I know Bitcoin. It's working fine and I'm planning to buy a few more sticks to make sure I have enough backups. A Bitcoin lover can't have enough backups.  Cheesy

USB sticks are bit expensive if you consider some other back up methods.
For a true bitcoin lover the back ups will grow when the new address are being generated. I believe some 3 to 5 back ups in different geo locations are more than enough.

I have probably 10 USB sticks right now, where 8 of them are at least 3 years old, that's why I want to purchase a few extra. The price is fairly low as it cost around €6 for a 16GB Sandisk stick nowadays.

Never had an experienced to have a desktop wallet. So it is possible to save wallet.dat files to usb sticks then just sync it to another computer whenever you will check it or if your PC crashed? It goes like tha? Well I don't trust even high class USB Sticks for important storage. I preferred CloudBackup then or if possible both backups from Cloud and Hardware one.

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October 23, 2015, 10:31:58 AM
 #159

In Trezor I trust  Cheesy

All my bitcoin/Litecoin wallets are on my Trezor and I make use of both Electrum,on pc, and MyCelium on my phone to interact with my Trezor.

If you do not have a Trezor and or a hardware wallet you should seriously consider one, in my opinion. It just changes the whole way you work with your bitcoins. Before I used to go through all the security steps to setup a wallet on offline machine, then again to setup watch-only wallets on online machine and having to move the transaction between the two etc...

Now I just slot the Trezor into the USB port, fire up Electrum and I'm good to go. The biggest advantage for me about the Trezor is that you do not have to store the bulk of your coins in a paper or cold wallet and the rest in a hot wallet. With Trezor you just store everything there and use it as needed. Its essentially always in cold storage in a way.
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October 23, 2015, 10:53:34 AM
 #160

first i  was using coinbase, xapo for my all transaction saving wallets but after using electrum hardware wallet it is very good and i am storing all my saving in my hardware wallet but i keep some in coinbase which i use to do sportbetting transactions because if i use electrum for each transaction i have to pay fees which is loss for me. so i use coinbase for that.

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