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Author Topic: How do you store your bitcoins?  (Read 92194 times)
nejibens
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February 27, 2016, 01:53:46 PM
 #421

I store my bitcoins in my wallet

and i think the wallet is the safest method to store the coins
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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phibay
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February 27, 2016, 02:26:56 PM
 #422

I store my bitcoins in my wallet

and i think the wallet is the safest method to store the coins

lol that was obvious! of course you are going to store it in a wallet Cheesy that was generic. op was asking if where do you store, whether on a desktop wallet, hardware, or on cloud.
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February 27, 2016, 03:03:42 PM
 #423

I have a question, what is the best hardware wallet do you recommend? Base on experience or preferences. Cheesy

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February 27, 2016, 03:08:46 PM
 #424

Cold storage is a better option, I think so. i am using BITCOIN CLASSIC.

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February 27, 2016, 03:15:42 PM
 #425

I store most of mine on dedicated rigs setup to host a wallet. Stripped down to only the essential OS (linux) and the bitcoin client with a strong passphrase (different) setup on all of them. I only log in and connect to the internet, through a heavily configured firewall, when I need to transact. I currently have two of these setup with most of my holdings spread across them equally.

I have been considering a paper wallet, I do have one I made that has a tiny amount of BTC on it, but still think log-term storage to be an issue along with what can happen to it. Even laminated it could get destroyed.

I also have a wallet on my main machine as well as a lite smartphone version that I keep real small amounts of BTC on for more periodic transactions.  I also keep some coins on Coinbase in their Mulisig Vault, but do not have 100% trust there in the event they would go under, so it is a small portion as well. Mainly enough if I would want to sell quickly.

I have been looking into a hardware wallet, but still have yet to take that plunge.
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February 27, 2016, 07:48:04 PM
 #426

Cold storage is a better option, I think so. i am using BITCOIN CLASSIC.

bitcoin classic is not real bitcoin its an altcoin, better use bitcoin core.

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February 27, 2016, 08:22:26 PM
 #427

Cold storage is the only way to go. Storing them on anything online is just not safe.
If you don't understand that your are probably not fit to use bitcoin.

Just remember that we are talking about real money here.
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February 29, 2016, 03:42:43 PM
 #428

Cold storage is a better option, I think so. i am using BITCOIN CLASSIC.

bitcoin classic is not real bitcoin its an altcoin, better use bitcoin core.

When it is supported by 90% of the miners, it will become a bitcoin. The bitcoin core will be an altcoin. It is all relative.

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February 29, 2016, 04:30:25 PM
 #429

Cold storage is the only way to go. Storing them on anything online is just not safe.
If you don't understand that your are probably not fit to use bitcoin.

Just remember that we are talking about real money here.

You are right for sure, but its also the fact online storing is very easy for people that do not the bitcoin full, I think that is why people are using the online wallets because its easy.

if they would use a cold storage it would be better but also more work for them some of them even do not know what a cold storage is if you ask them.
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March 06, 2016, 08:50:05 AM
 #430

Cold storage is the only way to go. Storing them on anything online is just not safe.
If you don't understand that your are probably not fit to use bitcoin.

Just remember that we are talking about real money here.

You are right for sure, but its also the fact online storing is very easy for people that do not the bitcoin full, I think that is why people are using the online wallets because its easy.

if they would use a cold storage it would be better but also more work for them some of them even do not know what a cold storage is if you ask them.

If somebody does not have the Bitcoin Core wallet or does not want to store the whole blockchain, they can use the online wallet.
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March 06, 2016, 08:56:59 AM
 #431

The safest place to store your bitcoin is in cold storage or Paper

I Personally store it in my PC, as long that I didn't download malware or something like that, it's save.
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March 06, 2016, 10:27:06 AM
 #432

I store most of mine on dedicated rigs setup to host a wallet. Stripped down to only the essential OS (linux) and the bitcoin client with a strong passphrase (different) setup on all of them. I only log in and connect to the internet, through a heavily configured firewall, when I need to transact. I currently have two of these setup with most of my holdings spread across them equally.

I have been considering a paper wallet, I do have one I made that has a tiny amount of BTC on it, but still think log-term storage to be an issue along with what can happen to it. Even laminated it could get destroyed.
I doubt your dedicated rigs will last longer than a simple piece of paper! Laminating doesn't help much, the only thing that can really destroy it, is fire, and laminating won't help you there.
You could drill a QR-code in a titanium plate to withstand fire. Something like this:

Or just make multiple copies of a paper wallet, but that increases the risk of being compromised.

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March 06, 2016, 11:00:43 AM
 #433

I store most of my Bitcoin in my trezor wallet and I store about 0.5 Bitcoin on my smartphone .
trezor wallet is phisical wallet right ? how to redeem it if you need some bitcoin. and i think save in smartphone is less secure. if your smartphone missing. of course your bitcoin also missing?


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nejibens
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March 06, 2016, 02:10:01 PM
 #434

Personally i use the  desktop wallet to store my bitcoins safely, and i think that's the best method to save your coins
bitlancr
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March 06, 2016, 02:15:35 PM
 #435

Personally i use the  desktop wallet to store my bitcoins safely, and i think that's the best method to save your coins

The wallet is the best way, but to make it better is to store the coins on your USB which is offline.
If for one bough a trezor wallet and whenever i need access i just plugin in to my pc.
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March 06, 2016, 02:19:44 PM
 #436

Personally i use the  desktop wallet to store my bitcoins safely, and i think that's the best method to save your coins

The wallet is the best way, but to make it better is to store the coins on your USB which is offline.
If for one bough a trezor wallet and whenever i need access i just plugin in to my pc.

I use an online wallet provider, easy and fast to use. Does anyone use an offline wallet for storing purposes, and do anyone suggest using that? I place my trust in the online wallet provider, so I hope nothing goes wrong. I hope no need to go with Offline wallets I guess.
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March 06, 2016, 02:28:45 PM
 #437

Personally i use the  desktop wallet to store my bitcoins safely, and i think that's the best method to save your coins

The wallet is the best way, but to make it better is to store the coins on your USB which is offline.
If for one bough a trezor wallet and whenever i need access i just plugin in to my pc.

I use store most of my Bitcoin in my trezor wallet, and then I also keep some in my blockchain wallet as well.
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March 06, 2016, 02:30:32 PM
 #438

Personally i use the  desktop wallet to store my bitcoins safely, and i think that's the best method to save your coins

I think that's surely the best method to store bitcoins safely without any issue or risk, download your owned wallet with your private key and save it and this way you can store the coins and use it anytime
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March 06, 2016, 04:40:36 PM
Last edit: March 06, 2016, 05:22:31 PM by extrabyte
 #439

Personally i use the  desktop wallet to store my bitcoins safely, and i think that's the best method to save your coins

I think that's surely the best method to store bitcoins safely without any issue or risk, download your owned wallet with your private key and save it and this way you can store the coins and use it anytime

even online wallet like xapo and coinbase are also very good to store bitcoin. if some one always spend his coins then online wallets are best choice for him. because transferring of bitcoin through online wallets is more easy.
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March 06, 2016, 05:28:07 PM
 #440

Personally i use the  desktop wallet to store my bitcoins safely, and i think that's the best method to save your coins

I think that's surely the best method to store bitcoins safely without any issue or risk, download your owned wallet with your private key and save it and this way you can store the coins and use it anytime

even online wallet like xapo and coinbase are also very good to store bitcoin. if some one always spend his coins then online wallets are best choice for him. because transferring of bitcoin through online wallets is more easy.


Wow. Terrible advice.

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