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Author Topic: How do you store your bitcoins?  (Read 92229 times)
labwork
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February 22, 2016, 02:13:12 PM
 #361

The secret is just do not keep all eggs in one basket. That's one of the main rules you have to know, its the best to hold your bitcoins on multiple wallets so you can not lose them all at once by some hackers or something, its the best to do for your bitcoins.
bitlost
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February 22, 2016, 02:17:44 PM
 #362

Even though I feel that security is more important than convenience, I still find myself sticking to convenience more. 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.  Undecided

I do not own more than a bitcoin, so I guess it is still 'safe'.
fair_player
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February 22, 2016, 02:20:58 PM
 #363

I believe storing them in my computer in an ordinary bitcoin core wallet, I don't think it is more vulnerably as long as the computer and my connection is kept secure enough both physically from eavesdropping or from Trojans etc...
kizilsakal
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February 22, 2016, 02:30:03 PM
 #364

I try to diversify. I keep a little in an android mycellium app, and most of my savings that are in bitcoin I keep inside a Ledger Wallet. I think it's the safest way to keep bitcoins nowadays.
Herbert2020
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February 22, 2016, 02:34:47 PM
 #365

Well i store my bitcoin in exchange , When the price go up i go to site and immediately exchange and keep it there in my own currency if bitcoins price goes down i sell that's how i store and make profit also i save some in wallet to top-ups etc.
My Bitcoins are stored at a online wallets. It is very good to use. And I like it to use. It is very easy to use.

But some people also store them on their own computer, because they think online wallets are not so very secure.

Blockchain.info is a trustable online wallet i'm using it from 2 year have'nt got any problem at all , just there beta version sucks get's error while sending to multiple addresses in one transaction , But there security is awesome .
im with u dude.
i think blockchain.info is enough to me to store all of my bitcoin, and as long as I use blockchain, I find that its security was superb.  Tongue

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
holydarkness
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February 22, 2016, 05:36:25 PM
 #366

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

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shorena
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February 22, 2016, 05:52:03 PM
 #367

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

Not really, its still someone else that has the private keys and not you.

Im not really here, its just your imagination.
zalucia
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February 22, 2016, 09:36:02 PM
 #368

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

The question is that do you trust the online storage companies? Are their operations insured?

BitHodler
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February 23, 2016, 12:43:01 AM
 #369

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

The question is that do you trust the online storage companies? Are their operations insured?

Who cares if these online wallet services are insured or not.

Basic rule : One should never give out control over his coins to others.

BSV is not the real Bcash. Bcash is the real Bcash.
Pattart
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February 23, 2016, 01:56:27 AM
 #370

I try to diversify. I keep a little in an android mycellium app, and most of my savings that are in bitcoin I keep inside a Ledger Wallet. I think it's the safest way to keep bitcoins nowadays.

I never tried using android for saving bitcoin. i want to ask. is it possible someone take your bitcoin, if he borrows your android?
Chris!
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February 23, 2016, 02:49:50 AM
 #371

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

Not really, its still someone else that has the private keys and not you.

I've said it before and I'll say it again... Never use an online wallet! You'll lose it all at some point.

I use Mycelium for Android and paper wallets.

99% of the time I'm doing everything with my BlackBerry Z30. If I'm trying to make vanity paper wallets or regular paper wallets I have to use a laptop unfortunately. I don't own a (functioning) computer so I just borrow the wife's. She doesn't appreciate it when I boot it up with an Ubuntu Live USB Smiley
RoughLyfe
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February 23, 2016, 03:14:20 AM
 #372

I keep towards 50%-60% my coins in a offline wallet and keep the rest on my desktop wallet
rababo
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February 23, 2016, 05:38:16 AM
 #373

i store my bitcoin on online wallet.
cluit
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February 23, 2016, 06:35:33 AM
 #374

I store my bitcoins in online wallets because I might need them anytime when I have to pay for a service or product.
But I still think that offline or cold storage wallets are the safest ever wallets. I use both earlier but switched to online now as I need to transact more quickly now a days.
tn211
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February 23, 2016, 08:13:54 AM
 #375

Many people store it on online wallets. But I think that is the best to store your Bitcoins online. It is also very secure and safe.
But some people doesnt even know there is a online wallets and they safe it on their own computers.

Maybe they dont trust the online wallets or something.
LuckyYOU
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February 23, 2016, 09:05:20 AM
 #376

I mostly store my bitcoins in an online wallets. I think that is the best option to store you Bitcoins. I like the online wallets, because it is so nice to work with it.
I hope later that more people will use the online wallets more and that Bitcoin will becoming more popular in the future, and we all hope ofcourse that the value will rise too.

OnTheMF
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February 23, 2016, 01:21:07 PM
 #377

I mostly store my bitcoins in an online wallets. I think that is the best option to store you Bitcoins. I like the online wallets, because it is so nice to work with it.
I hope later that more people will use the online wallets more and that Bitcoin will becoming more popular in the future, and we all hope ofcourse that the value will rise too.
I like to store my bitcoins mostly in my blockchain online digital wallet where I feel it is secure.

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Holdaaja
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February 23, 2016, 01:23:39 PM
 #378

Most of my bitcoins are on offline paper wallet.
And small amount in my blockhain.info wallet for easy access.

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nickenburg
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February 23, 2016, 01:25:34 PM
 #379

I dont understand why a lot of people store there coins in a online wallet?

Myself I use Multibit been using it from the start since the blockchain download goes a lot faster!

I wonder if there are some other good windows wallets out there for bitcoin.
barbara44
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February 23, 2016, 01:32:52 PM
 #380

I mostly store my bitcoins in an online wallets. I think that is the best option to store you Bitcoins. I like the online wallets, because it is so nice to work with it.
I hope later that more people will use the online wallets more and that Bitcoin will becoming more popular in the future, and we all hope ofcourse that the value will rise too.
Yes. Rising of bitcoin price is highly based on using of bitcoin, more people use bitcoin, demand bitcoin, then bitcoin price go up, and online wallets are good for storing bitcoin for me too, I personally use online wallet Xapo for storing.
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