rscholey (OP)
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September 24, 2015, 11:33:26 AM |
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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
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unamis76
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September 24, 2015, 11:40:27 AM |
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Cold storage for the biggest chunk and a mobile wallet for daily spending.
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1Referee
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September 24, 2015, 11:47:42 AM |
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I use plenty of flash drives to store my wallet.dat files, each flash drive contains like 8 wallet files for extra safety. I use this method since Januari 2013 and it works like a charm.
I plug them in once a month to refresh my backups. It takes some effort but as we all know, better safe than sorry.
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m4king
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September 24, 2015, 11:48:14 AM |
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blockchain.info 29.1% cold storage 66.8% litecoin 3% purse.io 1%
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Lauda
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September 24, 2015, 11:50:11 AM |
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There are various ways of storing Bitcoin and you can find many (including guides and tutorials) by doing simple searches on Google or on the forum. This really depends on what you want to do with your coins. If you want to store them for a very long time then I recommend using a offline device. Just make sure that it is clean before you transfer your Bitcoins there. If you have some money to spend and want to use your coins, then I recommend getting a hardware wallet. Personally I'm storing a small amount on a device using Bitcoin Core with a good password.
blockchain.info 29.1% cold storage 100%
litecoin 3%
purse.io 1%
Fixed.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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rscholey (OP)
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September 24, 2015, 12:13:35 PM |
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How do I store bitcoins on blockchain.info? Sorry if it's a basic question but I'm very new to bitcoin.
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rscholey (OP)
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September 24, 2015, 12:15:27 PM |
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I've seen a few mentions of "cold storage".
I'd appreciate hearing how and where?
Thanks
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Amph
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September 24, 2015, 12:27:14 PM |
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90%+ on a cold storage and a little amount in a hot wallet, for fast usage and
usb + my pc nothing else
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Lauda
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September 24, 2015, 12:28:05 PM |
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How do I store bitcoins on blockchain.info? Sorry if it's a basic question but I'm very new to bitcoin.
Do not do that. Blockchain.info is a online wallet and it is susceptible to hacks. Never use such a wallet for storing a larger amount of Bitcoin! Have people learned nothing from the Inputs.io fiasco? I've seen a few mentions of "cold storage".
I'd appreciate hearing how and where?
Thanks
Here you can find information on what 'cold storage' is. Here is a tutorial related to it (note: I haven't watched it myself as I'm unable to at the moment).
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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doublemore
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September 24, 2015, 12:33:18 PM |
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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
A few places is best.... cold storage, unused laptop, i also sometimes keep 2-5% on exchanges for buying into litecoin or for selling BTC on a crash.
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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September 24, 2015, 12:52:50 PM |
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I would use few methods together: I mainly store coins on my blockchain.info wallet (which I have exported the private key to mycelium android wallet), some on phone, some on different exchanges, and most rare, paper wallet. I use few methods together to reduce the risk of losing coins on a single source.
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Echye
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September 24, 2015, 12:53:13 PM |
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Since I don't have a fortune to protect, I just store it on a blockchain wallet
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Elwar
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September 24, 2015, 01:05:15 PM |
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How much do you spend on things in a week? Keep that much in a hot wallet like blockchain.info
Everything else in cold storage like a paper wallet, Trezor or Case.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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gentlemand
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September 24, 2015, 01:16:38 PM |
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Paper wallet for me. I use Mycelium for expenditures.
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maokoto
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September 24, 2015, 01:34:12 PM |
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I just store them in coinbase wallet for the time being... but I only have about half a Bitcoin.
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Snorek
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September 24, 2015, 01:34:22 PM |
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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
It depends on the quantity of the bitcoin you own. If you have only few bitcoin you can keep them wherever you want, even online wallet for quick transaction is fine in that case. If you are more advanced user or just being paranoid and ultra secure about your coins then hardware wallets, cold storage and paper wallets are something you should research. But don't bother unless you have more than dozen of btc imo.
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Xenoph0bia
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September 24, 2015, 01:36:56 PM |
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Cold storage is best to store the Bitcoins.
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randy8777
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September 24, 2015, 01:48:00 PM |
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i found out that having a paper wallet is quite a good cold storage method. i print them on photo paper and then seal it with plastic to make it water proof. you only need to make sure you store them in a safe place where only you have access to.
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Rude Boy
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September 24, 2015, 02:02:33 PM |
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IMO, if you do a lot of transactions then, online/desktop/mobile wallet will be the better option. If you don't do much, cold storage (paper/brain) wallet will be the better option. And i store some of my bitcoin on online wallet and some at my desktop wallet ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) and never stored in cold wallet
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dothebeats
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September 24, 2015, 02:04:41 PM |
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For spending and some other purposes, I usually keep it in an Electrum desktop/Android wallet. For large amounts of coins, I keep it in a paper wallet generated offline via bitaddress.org. I do have some couple of bits in some online wallets, but I never did store a chunk in there because personally, I don't trust web-based wallets.
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