Mr. Big
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Activity: 2422
Merit: 1184
While my guitar gently weeps!!!
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March 18, 2016, 02:58:34 AM |
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I use for low amount my android phone with blockchain wallet and for medium amount bitcoin core and paper wallets.
I am also having a bitcoin core wallet.. I also have an online wallet, I keep on both wallets, to make sure that I am ready when I am in need of bitcoin in my transaction and my bitcoin core to keep my coins safe..
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alfaboy23
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March 18, 2016, 03:02:03 AM |
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I spread mine on multiple online wallets just in case I needed the coins via online transactions.
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ajun96
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March 18, 2016, 03:28:52 PM |
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storing bitcoins in online wallet is scary. its better to have full control of you private keys , armory is a good one, i also use mobile wallets it comes in a handy.Mycelium,Xapo and Blockchain which keeps your bitcoin keys encrypted on your phone, and backed up on a web-based server.
I think though blockchain is a third party I don't think that they will cheat or be scam. they are a great company. they like microsoft of bitcoin. so I will continue to believe in the online store wallet. Of course you also have to priv key and back up also
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michnelli6
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March 18, 2016, 06:33:42 PM |
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Hello everyone as the title says ^ Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
i stored online.. but think need create wallet on pc if you've been wearing a lot of authentication in your online wallet like I did in blockchain is using SMS verification each will be logged. I think it's pretty safe and you do not need to make a lot of wallets again Yeah, i am totally agree with you. I'm also store my bitcoin in Online wallet especially blockchain. The online bitcoin storage was safety enough. But if you want to make a wallet in your pc is not bad. You can also print out the key to login so that you can't forget it. The same case is here but I also have xapo and coinbase for some of my uses, and I think in case of online wallets we should have a number of wallets so if one id down we can pay with the other for our services.
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honeyhtet
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March 19, 2016, 10:11:34 AM |
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Most of my bitcoins are stored in blockchain.info wallet, Keeping some in coinbase wallet as well.
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simonloff
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March 19, 2016, 10:26:24 AM |
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Just online, you need a very big chunk of bitcoins to find value in storing them offline or buying a hardware wallet for them, for small amounts I think a pc wallet or an online wallet would be decent but PC wallet is better IMO if you can secure your computer.
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el kaka22
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Activity: 3710
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www.Crypto.Games: Multiple coins, multiple games
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March 19, 2016, 04:19:56 PM |
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-snip- The same case is here but I also have xapo and coinbase for some of my uses, and I think in case of online wallets we should have a number of wallets so if one id down we can pay with the other for our services.
But online wallets are risky, it is better to have your own wallet on your PC and have full control on your coins, just think what will happen if the website where your wallet is gone down and you cannot access to your coins in time of need.
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hkla241
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Merit: 10
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March 19, 2016, 05:20:01 PM |
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wallets online like block chain or coinbase are safe. Better you would go ahead with offline wallets, paper or cold storage to keep it safe. That is the thing i know online wallets can be unsafe but i have had a small amount in blockchain.info since i here.
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jack1111
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March 19, 2016, 05:34:12 PM |
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I store it on blockchain wallet and I think it is safe place to store bitcoin . it is the best wallet now , for me it is safer than my computer .
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benmartin613
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March 19, 2016, 05:42:28 PM |
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My bitcoin is stored in blockchain in coinbase and in xapo,as i like to be careful when holding money in the internet.
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BlueStackz
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March 19, 2016, 06:50:03 PM |
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-snip- i think having the phone is quite a good choice. There can be a backup code in case the phone lose and can change the verification code into another phone.
Yeah the phone wallet is a better choice as with that you will have your wallet in your hand anytime any where, just like your fiat wallet in your hand anytime. So with that you can pay anywhere.
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extrabyte
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March 19, 2016, 08:13:08 PM |
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I store my bitcoins in multiple wallets IMO it's the best to do so. I think it can be better although if the PC is vulnerable then it won't matter much..
It is better to use a vault then storing bitcoin in multiple addresses.. xapo have it's insured vault. you can store you all bitcoin's in xapo's vault . it is very secured and safe but if by chance your account got hacked and your vault balance got stoled then you can claim your money and xapo is responsible to pay you because of it insurance policy.
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neonshium
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March 20, 2016, 05:46:24 PM |
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Hello everyone as the title says ^ Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
i stored online.. but think need create wallet on pc if you've been wearing a lot of authentication in your online wallet like I did in blockchain is using SMS verification each will be logged. I think it's pretty safe and you do not need to make a lot of wallets again It's also have a risky though. If you forget bring your phone or lost your phone, you can't open your online bitcoin wallet. Better using other authentication imo. i think having the phone is quite a good choice. There can be a backup code in case the phone lose and can change the verification code into another phone. But I think phone wallet is not much that risky, it will be the same as our wallet for notes/cash-currency in our pocket. Its lose will be the same as the lose of our fiat wallet, and a phone on its lose can be easily deactivated/locked.
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LoyceV
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Thick-Skinned Gang Leader and Golden Feather 2021
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March 20, 2016, 06:55:58 PM |
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But I think phone wallet is not much that risky, it will be the same as our wallet for notes/cash-currency in our pocket. Its lose will be the same as the lose of our fiat wallet
I can't make backups of my fiat money! Trust me, I would if I could! If I lose my phone, the only risk is that someone might brute-force the 6 digit pin before I restore a backup and empty the wallet. On the other hand, with fiat money I'm pretty sure nobody can take it out of my wallet without physical access. With a bitcoin wallet there is a (small) possibility for that to happen.
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janpowal305
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Activity: 70
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March 20, 2016, 07:13:10 PM |
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I use blockchain, but only for small amounts of money. I think that the best method to store higher amount of money is paper print as long as you don't spill it with your morning cofee haha
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Hellacopter
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March 20, 2016, 10:11:18 PM |
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I use more than wallet usually to store my bitcoins, i use blockchain, Pc wallet and also Coinbase wallet. But i think that the safest method is to store bitcoins with your owned wallet with the secured private key
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nejibens
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March 20, 2016, 10:13:48 PM |
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Personally i use Blockchain and some other wallets to store my bitcoins It's better i think to use more than wallet
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secone
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March 21, 2016, 04:40:52 AM |
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I use more than wallet usually to store my bitcoins, i use blockchain, Pc wallet and also Coinbase wallet. But i think that the safest method is to store bitcoins with your owned wallet with the secured private key
you can use paper wallet creted by vanitygen offline method, you can custom your wallet. for me paper wallet is the best wallet, it's secured wallet, No online conection and no stored at online service
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nostal02
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Activity: 112
Merit: 10
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March 21, 2016, 04:47:17 AM |
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I use more than wallet usually to store my bitcoins, i use blockchain, Pc wallet and also Coinbase wallet. But i think that the safest method is to store bitcoins with your owned wallet with the secured private key
you can use paper wallet creted by vanitygen offline method, you can custom your wallet. for me paper wallet is the best wallet, it's secured wallet, No online conection and no stored at online service Paper wallet is also the best wallet for me,some of my bitcoin it store there most of them while some are online so i could do may daily transaction.
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secone
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March 21, 2016, 04:53:55 AM |
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I use more than wallet usually to store my bitcoins, i use blockchain, Pc wallet and also Coinbase wallet. But i think that the safest method is to store bitcoins with your owned wallet with the secured private key
you can use paper wallet creted by vanitygen offline method, you can custom your wallet. for me paper wallet is the best wallet, it's secured wallet, No online conection and no stored at online service Paper wallet is also the best wallet for me,some of my bitcoin it store there most of them while some are online so i could do may daily transaction. paper wallet created just for holding bitcoin, so we can hold it, without scare from hacker. we can save paper wallet at safety box, so we can hold bitcoin for long time
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