Bloxy
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Activity: 62
Merit: 10
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May 06, 2016, 01:03:39 AM |
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Personally, I use an online wallet because of the convenience but it's definitely less secure.
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secone
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May 06, 2016, 01:43:56 AM |
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I am just using blockchain for everything, but i don't really store my coins, just holding and waiting for halving. After all i will store it anyway  holding bitcoin and waiting halving is good short plan, we know people believe price will be rising during halig, before/after halving, but i think the price can't stable at $500 above, the price can fail to $400 again. |
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killer5
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Activity: 65
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May 06, 2016, 05:24:36 AM |
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Holding bitcoins in multiple wallets would be the best solutions considering the security precautions. as i strarted with the blockchain and a good amount of bitcoin can be stored in a cold wallet and changing strong paswords periodically would be good and storing bitcoin online is convineint but it considerably less secure.
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prix
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May 06, 2016, 06:01:02 AM |
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... i just lend there my money on their safest lending service ...
Maybe in comparison with other personal loan services (btcjam as example), but for bitcoin store it's not safest. First, such online service can be hacked, down and so, second: https://poloniex.com/terms/Although Poloniex takes several precautions to prevent a user from defaulting on a loan, the high volatility and substantial risk of illiquidity in markets means that Poloniex cannot make any guarantees against default. When you lend to other users using the Platform’s P2P lending system, you risk the loss of an unpaid principle if the borrower defaults on a loan and liquidation of the borrower's account fails to raise sufficient funds to cover his or her debt.
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btc-facebook
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Activity: 1862
Merit: 1015
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May 06, 2016, 06:04:11 AM |
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For I know I save on blockchain because it make me easier to manage my wallet for everywhere and anytime.
Ofcourse if something happen on blockchain, I'm already back up it's private key on my offline wallet
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crairezx20
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Activity: 1638
Merit: 1046
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May 06, 2016, 06:11:20 AM |
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Holding bitcoins in multiple wallets would be the best solutions considering the security precautions. as i strarted with the blockchain and a good amount of bitcoin can be stored in a cold wallet and changing strong paswords periodically would be good and storing bitcoin online is convineint but it considerably less secure.
Yeah i also tried it many of my bitcoin are in other wallet coinbase electrum blockchain in other local wallet.. but the only have an hacking issue is block chain and i think blockchain has low security.. thats why this is the target buy hackers.. i receive an email that there is trying to login in my blockchain wallet from russia.. thats why some of my coins there move to electrum.. |
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ElpadroBitcoin
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May 06, 2016, 06:49:17 AM |
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I am just using blockchain for everything, but i don't really store my coins, just holding and waiting for halving. After all i will store it anyway holding bitcoin and waiting halving is good short plan, we know people believe price will be rising during halig, before/after halving, but i think the price can't stable at $500 above, the price can fail to $400 again. People that is using Bitcoin is storing their Bitcoin in their online wallets and that is perfect for the people that is using Bitcoin and also for the wallets. And it is also better than the normal banks that is why also banks hate Bitcoin now because it is becoming more popular. |
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Wendigo
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Activity: 2604
Merit: 1036
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May 06, 2016, 07:01:21 AM |
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I prefer using online Bitcoin wallets for my easily accessible coins that I need for daily life and a paper wallet for everything else that is not needed urgently and that goes into long-term storage. I haven't decided on buying a hardware wallet yet as I am quite happy with my options at the moment. If I am going abroad and need Bitcoins I will put some on a mobile wallet like Mycelium or BitGo.
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MTBTT
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May 06, 2016, 07:32:34 AM |
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lately is a very difficult thing to keep bitcoin. I always exchange it for dollars, because so many have to fulfill your needs, but I'm trying to keep it in my wallet today.
I think it's not a problem if you need urgent money. but if it is not an urgent need better patient and hold for a while longer. until halving come |
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Xialla
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Activity: 1036
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/dev/null
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May 06, 2016, 07:36:24 AM |
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on paper of cource:P
there is no better way how to store virtual currency..
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ajun96
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May 06, 2016, 03:14:02 PM |
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Even though i hold too little coins, i usually hold em online. I never use new/untrusted companies but the ones old and trustworthy.
For example, I never had any problems with btc-e, yet i had tons of problems with cryptsy and never used em since 2013 again.
One of them is still in the business while the other one fucked everything up and disappeared.
I think mt GOX are also in believing that time and many people believe it and save a lot of bitcoin on site account mt GOX but what happened ? they go into a scam. in fact no one is safe in the internet worl. you should be able to protect yourself to be safe |
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daggerhashimoto
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May 06, 2016, 03:25:43 PM |
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seed laser etched inside the back of my watch .
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RoomBot
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Activity: 2268
Merit: 1123
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May 07, 2016, 02:47:37 AM |
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i use coinbase because seem low fee than blockchain
No, Coinbase fees are higher, but they are insured. Both Blockchain & Coinbase are highly secure for relatively small amounts of BTCTC....especially when divided amongst many wallets. |
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RoomBot
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May 07, 2016, 02:53:39 AM |
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Keep it in your pocket  Um, wha?? |
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RoomBot
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May 07, 2016, 02:55:41 AM |
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it's depend about your security setting, i have bad experience with blockchain, im use same password with my email address and i lost arround 3btc. That's not up to blockchain, it's your own mistake. I would say you have had a bad experience using the same password on different locations. If you do so, you basically give your email provider access to your account. Or anybody who might compromise your email account. after what cryptsy did i don't trust any exchanger anymore and it is really hard for me to even keep less than 0.1BTC at an exchanger because they can all run away with our money.
I have some at kraken for months now. It's about 50% euro and 50% bitcoin now. They can always run away indeed, but I don't expect they will. This way I can easily speculate a bit on buying/selling bitcoins when the price is right. on first comment you said is correct not to use same password for all accounts , keeping different passwords give you more security to your accounts, About believing exchanges is how old is the exchange like yobit and kraken they are olddest exchanges who are going good so in this exchanges you can keep you bitcoin safely as they have big business and wont run away with your coins. If the exchanges is new then their is more chances of running away as if they dont get sufficient business income to run the exchange. Get a FREE spreadsheet at http://www.openoffice.org/ to organize your keys & passwords.  |
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bugsywugsy
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May 07, 2016, 03:11:21 AM |
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I store my BTC in binary code on toilet paper |
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MTBTT
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May 07, 2016, 03:24:18 AM |
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I store my BTC in binary code on toilet paper maybe if you want to make a long-term investment, or if you want to keep bitcoin and you're afraid to want to spend your bitcoin so keep your bitcoin on paper wallet. you certainly can keep for a long time |
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secone
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May 07, 2016, 03:36:42 AM |
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For I know I save on blockchain because it make me easier to manage my wallet for everywhere and anytime.
Ofcourse if something happen on blockchain, I'm already back up it's private key on my offline wallet
im use mycellium for my 2nd wallet, backup blockchain privekey and import it in my mycellium wallet, so if blockchain error, im still can acces with mycellium wallet  |
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InsideBjorn
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May 07, 2016, 06:51:13 AM |
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For I know I save on blockchain because it make me easier to manage my wallet for everywhere and anytime.
Ofcourse if something happen on blockchain, I'm already back up it's private key on my offline wallet
im use mycellium for my 2nd wallet, backup blockchain privekey and import it in my mycellium wallet, so if blockchain error, im still can acces with mycellium wallet The most people are storing their Bitcoin on their own wallet and maybe also on their own PC because they think that is the safest method for them. But of course you can always be hacked and that is quite bad but I use Blockchain and that is quite safe as well. |
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youyou_
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May 07, 2016, 07:04:51 AM |
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cold wallet with the private keys hidden in 2 different places
I think it's pretty safe using cold wallet. but is it give you the flexibility to use the wallet in various places? it seems you need a purse like that if you have frequent transactions talking about the ones i hodl. For the 'little) quantities i use for shopping and trading, i just store the in an online wallet. |
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