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Author Topic: Where do you store your bitcoins ?  (Read 13038 times)
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October 23, 2015, 11:35:37 AM
 #161

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.

Yes, you can then access it on any computer in the world if you so wish. In Windows simply use the command %appdata% and press enter, then a window will pop up where you can see a Bitcoin map. In that map you can replace the wallet file with whichever wallet.dat file you want. I always prefer offline storage. Cloud storage is quite a risk as people may be able to crack your online cloud map.
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October 23, 2015, 11:37:26 AM
 #162

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world

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October 23, 2015, 11:42:44 AM
 #163

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world

I have read many storys of people that had problems with blockchain... I would strongly advise against storing big amounts of BTC with them... If you don't have a lot of BTC, you might be better of with installing bitcoin core, multibit HD, electrum,... And move most of your coins to those wallets instead of keeping them on a blockchain wallet...

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October 23, 2015, 11:46:32 AM
 #164

I preferred desktop wallet but unfortunately I don't have desktop computer. Only have laptop but I don't want to install any important application there because it's for another purposes.

Right now Im using Mycelium Android Wallet.
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October 23, 2015, 11:49:17 AM
 #165

if you are a regular user of bitcoins then according to me you should use electrum bcz it is light weight and synchronizes easily on first use.

And if you are holder then armory would suit you the best.
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October 23, 2015, 11:49:26 AM
 #166

I preferred desktop wallet but unfortunately I don't have desktop computer. Only have laptop but I don't want to install any important application there because it's for another purposes.

Right now Im using Mycelium Android Wallet.

You can actually get "electrum portable"... You can even store it on an usb-key... Smiley

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October 23, 2015, 11:52:18 AM
 #167

I preferred desktop wallet but unfortunately I don't have desktop computer. Only have laptop but I don't want to install any important application there because it's for another purposes.

Right now Im using Mycelium Android Wallet.

You can actually get "electrum portable"... You can even store it on an usb-key... Smiley

What are portable lacking with the one with the full client?

Yes I preferred that storage in usb but Im not storing coins too long in my wallet because I want to rotate it. Putting it in a offline storage will give me hassle sending and receiving coins.
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October 23, 2015, 11:57:56 AM
 #168

I preferred desktop wallet but unfortunately I don't have desktop computer. Only have laptop but I don't want to install any important application there because it's for another purposes.

Right now Im using Mycelium Android Wallet.

You can actually get "electrum portable"... You can even store it on an usb-key... Smiley

What are portable lacking with the one with the full client?

Yes I preferred that storage in usb but Im not storing coins too long in my wallet because I want to rotate it. Putting it in a offline storage will give me hassle sending and receiving coins.

It's basically the same program, it's just portable (you can put it on a usb-key). It's not installed, and can be ran straight from the key... You do need a laptop or desktop to plug the key into, so it's not offline storage. You have access to your wallet whenever you have access to any pc (be carefull for virusses and keyloggers when using untrusted PC's/laptops tough)

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October 23, 2015, 12:03:24 PM
 #169

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world

It is better not to store bitcoin in online service unless there is multsignature feature. If there is a security flaw in the online system, you might be in trouble.
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October 23, 2015, 12:06:30 PM
 #170

I preferred desktop wallet but unfortunately I don't have desktop computer. Only have laptop but I don't want to install any important application there because it's for another purposes.

Right now Im using Mycelium Android Wallet.

You can actually get "electrum portable"... You can even store it on an usb-key... Smiley

What are portable lacking with the one with the full client?

Yes I preferred that storage in usb but Im not storing coins too long in my wallet because I want to rotate it. Putting it in a offline storage will give me hassle sending and receiving coins.

It's basically the same program, it's just portable (you can put it on a usb-key). It's not installed, and can be ran straight from the key... You do need a laptop or desktop to plug the key into, so it's not offline storage. You have access to your wallet whenever you have access to any pc (be carefull for virusses and keyloggers when using untrusted PC's/laptops tough)

Thanks for the information. Still confused because I didn't experienced it yet. Well google sure will help. I will look into it to check. Thanks again. Smiley
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October 24, 2015, 01:21:11 PM
 #171

Bitcoins is the digital currency of the world. As you know even a real currency also needs a wallet to be stored so as digital currency.
There are many apps to store digital currency like xapo, mycelium,  bitcoin wallet etc. which will help us to store our bitcoin encripted on a android device..and electrum,bitcoin core wallets are works the same way for a computer
Dont worry about the privacy as this apps are really secured. So if you have btc and want to store it you can use this wallets.
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October 24, 2015, 01:31:46 PM
 #172

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world
Your friend was right, blockchain isn't safe at all
Based upon my experiences in the past.
I have different 2 address at blockchain at that time
And both of them got hacked even with 2FA enabled Sad
And im still wondering how did the hacker managed to bypass the 2FA
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October 24, 2015, 01:37:13 PM
 #173

blockchain,multibit,greenadress are the most comfortable ways to store my bitcoins for today !!!

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October 25, 2015, 09:12:49 AM
 #174

blockchain,multibit,greenadress are the most comfortable ways to store my bitcoins for today !!!

These are the online service. It is not very secure. There are many examples that people lose bitcoins on these sites. The safest way is to store the coins yourself.
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October 25, 2015, 10:11:45 AM
 #175

For me i stored my bitcoins in one vault with 2 factory authentication google authentic , sms authentication and 2 email authentication in coinbase... Its much safe for me than the others..because you have  2 days before your withdrawal will be successful so you have a time to cancel it.  but first you need to extra wallet for emergency or spending wallet...
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November 18, 2015, 02:06:59 PM
 #176

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world

It is better not to store bitcoin in online service unless there is multsignature feature. If there is a security flaw in the online system, you might be in trouble.
Keeping your bitcoin under your control must be the safest way of storing hard-earned bitcoins. So I do always prefer go for desktop bitcoin wallets for storing my bitcoins. These wallets stores more secure if you disconnect them from Internet, the off-line, cold storage way.

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November 18, 2015, 02:13:20 PM
 #177

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world

It is better not to store bitcoin in online service unless there is multsignature feature. If there is a security flaw in the online system, you might be in trouble.
Keeping your bitcoin under your control must be the safest way of storing hard-earned bitcoins. So I do always prefer go for desktop bitcoin wallets for storing my bitcoins. These wallets stores more secure if you disconnect them from Internet, the off-line, cold storage way.

But with an online wallets you need not worry of securing your private keys like disconnecting from internet for a cold storage and connecting again for spending which are more complicated for beginners. All the above with an online wallet you can access your bitcoins anywhere in the world, you never need to carry them.

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November 18, 2015, 02:19:20 PM
 #178

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world

It is better not to store bitcoin in online service unless there is multsignature feature. If there is a security flaw in the online system, you might be in trouble.
Keeping your bitcoin under your control must be the safest way of storing hard-earned bitcoins. So I do always prefer go for desktop bitcoin wallets for storing my bitcoins. These wallets stores more secure if you disconnect them from Internet, the off-line, cold storage way.

But with an online wallets you need not worry of securing your private keys like disconnecting from internet for a cold storage and connecting again for spending which are more complicated for beginners. All the above with an online wallet you can access your bitcoins anywhere in the world, you never need to carry them.

Even online wallets having many advantages, I do go for software/desktop wallets with the cold storage for long-term storing of my bitcoins.
As you mentioned, cold storage is not that much complicated process for beginners too. Lots of guides are available how to make cold storage to secure our bitcoins.
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November 18, 2015, 02:23:25 PM
 #179

im still storing my bitcoin at blockchain from beginning, i've got no problem but some of my friend say that blockchain isn't safe, i would give trezor a try  Grin probably it's the most secure wallet in bitcoin world

It is better not to store bitcoin in online service unless there is multsignature feature. If there is a security flaw in the online system, you might be in trouble.
Keeping your bitcoin under your control must be the safest way of storing hard-earned bitcoins. So I do always prefer go for desktop bitcoin wallets for storing my bitcoins. These wallets stores more secure if you disconnect them from Internet, the off-line, cold storage way.

Having control over our bitcoin must be the good idea.
I believe blockchain.info provides the control over our bitcoin as well as online storing facility. You can keep your bitcoin online at the same time you can have your bitcoin addresse's private keys for taking control of your bitcoins.
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November 18, 2015, 02:34:28 PM
 #180

Any suggestions on where a person who has already purchased bitcoins through Coinbase / circle should store them? I'm open to any suggestions from members. Thanks

I hold my Bitcoins in few places: Coinbase (but not much - just something like a reserve). My MultiBit desktop wallet (For use on a daily basis). Third place is just my wallet file that i have in 4 places - hard disk, two emails, pendrive and DVD Smiley

I feel safe Smiley
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