BeGoods
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Activity: 1372
Merit: 1008
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January 17, 2017, 10:11:36 PM |
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there are may bitcoin wallet to store all our bitcoin but i choose to put my bitcoin is multiple wallet to minimize the risk of my money.
actually risk to your bitcoin stolen is very low if you want to add some extra security as 2FA mate. but to avoid that small risk. it might be better if you use multiple wallet. it will reduce the risk |
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bitloud
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Activity: 68
Merit: 10
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January 18, 2017, 05:15:27 AM |
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Currently I am storing in Coinbase, Blockchain.info and Unocoin. I dont have much. My next plan is store in Desktop wallet and Papper wallet. Now I am learning about it. I am not trusting 100% in online wallets.
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germanybtc
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Activity: 250
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January 18, 2017, 04:05:44 PM |
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Im recently storing my bitcoins to online wallets as they are not that much to be stored in hdd wallets like bitcoin core or electrum, but if i have enough bitcoins for storing then i will store them in my pc in electrum and bitcoin core wallets, i hope they will be safe there.
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xIIImaL
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Activity: 1372
Merit: 1005
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January 18, 2017, 04:18:40 PM |
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Im recently storing my bitcoins to online wallets as they are not that much to be stored in hdd wallets like bitcoin core or electrum, but if i have enough bitcoins for storing then i will store them in my pc in electrum and bitcoin core wallets, i hope they will be safe there.
Desktop wallets would be preferable for many people around the forum. I could say electrum would best desktop wallet which can be help you have the multiple wallet addresses and transaction so faster like other wallets. |
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Hamstring
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Activity: 2
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January 18, 2017, 04:24:01 PM |
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I store it online wallet. The one im using is the coinbase walley but not too long maybe it might get lost.
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dontryjustdoit
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Activity: 30
Merit: 0
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January 18, 2017, 04:30:06 PM |
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Since there is no class or something to tech people about bitcoin storage they wont think about it until they get hacked. There needs to be a good way to educate people so they dont have to wait unitl they get hacked. I like hardware wallet.
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CoinFoxs
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January 18, 2017, 04:41:47 PM |
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there are may bitcoin wallet to store all our bitcoin but i choose to put my bitcoin is multiple wallet to minimize the risk of my money.
Online wallets are not much safe so using many wallets to reduce risk of loosing bitcoins is best way and one thing more you should apply 2F authentication to your wallets , it is also help you to safe your coins from loosing. By applying 2F authentication to your wallet, wallet only open when you confirm it from your phone and from your email. |
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slapper
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Merit: 1100
Leading Crypto Sports Betting & Casino Platform
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January 18, 2017, 04:47:11 PM |
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I store it online wallet. The one im using is the coinbase walley but not too long maybe it might get lost.
Try to learn to use other kind of wallet. It is more benefit to you since using online wallet is not good for you and for you Bitcoin. It is because you do not have a full access to your Bitcoin and your Bitcoin are being controled by third party. Bitcoincore or electrum are the best. Use those wallets and you will be totally anonymous |
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wxa7115
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January 18, 2017, 05:27:54 PM |
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there are may bitcoin wallet to store all our bitcoin but i choose to put my bitcoin is multiple wallet to minimize the risk of my money.
Yes thats a good move on you. I do it too. I have many bitcoin wallets and I store my bitcoins on different wallets to have less risk on storing it. I have the list of the username and password of all of my wallet, All of it is paper written and I am only the one who know the place that I store my paper that have my list. Protect that list dude because if its lost or it gets damaged somehow you will lose your money, an alternative to what you are doing it would be to have the list stored in your computer but the contents or the file itself could be encrypted with PGP. |
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Bitcoinsummoner
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January 18, 2017, 06:02:12 PM |
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there are may bitcoin wallet to store all our bitcoin but i choose to put my bitcoin is multiple wallet to minimize the risk of my money.
Yes thats a good move on you. I do it too. I have many bitcoin wallets and I store my bitcoins on different wallets to have less risk on storing it. I have the list of the username and password of all of my wallet, All of it is paper written and I am only the one who know the place that I store my paper that have my list. Protect that list dude because if its lost or it gets damaged somehow you will lose your money, an alternative to what you are doing it would be to have the list stored in your computer but the contents or the file itself could be encrypted with PGP. Well for me i am satisfied with my own wallet which is electrum that you can save your private key and backup some files just in case if your computer are corrupted you can install your backup again to other wallet or install again if you formated your computer to a new one.. Spreading your coins for many wallet i think it is more risky than staying in one safety wallets.. |
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Omega Weapon
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January 19, 2017, 05:25:06 AM |
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With the start of just few earnings actually have my bitcoins on my wallet,but i dont saved it for now because im enjoying my earnings and I invest more so that i can have lots of bitcoins on my wallet and for that i have my savings already.
Is that an offline wallet? Remember to be careful to where you will those lovely coins. Some online wallet website just come and go. I suggest you look for a better one with a good trust rating. Although they put a great transaction fees, still if they manage to their jobs it will be okay. Yeah there are some shady people which could create a new online wallet only to try to make an exit scam besides you also need to protect yourself from phishing attacks made by hackers. |
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hurain
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January 19, 2017, 07:48:51 AM |
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you need an online bitcoin wallet to store your bitcoins. you can store it there and wait for it to increase more its value before you sell it. But I highly suggest that it is much better if you will invest it to some trusted bitcoin related sites.
You can use an online wallet if you want but you do not need it, if you really need to use one then just keep a small amount there and use a desktop wallet to store most of your coins, that way you get the best of both worlds, the safety of having your coins under your full control, and the chance to access your coins from anywhere and from any device. and if a person is not interested in desktop wallet. then he can use different online wallet to distribute their bitcoin there, actually it is more risky if you are storing bitcoin in one wallet, therefore if you will distribute your bitcoins in different wallet then it is a little safe way of storing bitcoins. the second important tip is that we should never put or all bitcoins in exchange in the same time, we should use exchange in different times for different amount of bitcoins. |
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loserkids
Member
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Activity: 83
Merit: 13
Bitcoin = Freedom
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January 20, 2017, 02:24:41 AM |
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I store the majority of coins in a hardware wallet, I have around $100 worth of BTC on my phone and about the same in a desktop wallet.
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Windpower
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January 20, 2017, 02:35:48 AM |
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there are may bitcoin wallet to store all our bitcoin but i choose to put my bitcoin is multiple wallet to minimize the risk of my money.
That is what most people do and it is definitely a good way to store your Bitcoin. You take away a lot of the risk compared to keeping all of your Bitcoin into one wallet. I personally just bought a new trezor wallet which is where I store most of my Bitcoin. But I also have a Coinbase wallet that I store a small amount of money. This is because I use coinbase on my phone so that I can make transactions on the go without having to take out my laptop. I don't really use any software wallets, but I might start using them in the future instead of Coinbase. |
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cody500555
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Activity: 26
Merit: 0
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January 20, 2017, 02:46:22 AM |
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On a USB
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aardvark15
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January 20, 2017, 03:28:06 AM |
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I store Bitcoins mostly on paper wallets. I keep some on an exchange just for trading. I don't think it is safe to keep large amounts on exchanges.
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wahb
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January 20, 2017, 06:40:03 AM |
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Im recently storing my bitcoins to online wallets as they are not that much to be stored in hdd wallets like bitcoin core or electrum, but if i have enough bitcoins for storing then i will store them in my pc in electrum and bitcoin core wallets, i hope they will be safe there.
i am also using online wallet to store my bitcoins and when ever my bitcoin increase from a certain limit then i i uses multiple wallets to store my bitcoins. |
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Zadicar
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Activity: 1372
Merit: 1020
Vave.com - Crypto Casino
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January 20, 2017, 06:53:46 AM |
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Im recently storing my bitcoins to online wallets as they are not that much to be stored in hdd wallets like bitcoin core or electrum, but if i have enough bitcoins for storing then i will store them in my pc in electrum and bitcoin core wallets, i hope they will be safe there.
i am also using online wallet to store my bitcoins and when ever my bitcoin increase from a certain limit then i i uses multiple wallets to store my bitcoins. Is there a certain limit for a particular online web wallet?I dont encounter one since you could able to store how much as you can and theres no limit on storing bitcoin.Even thousands of bitcoin would be still okay.In my situation i do store on an online web wallet too because i do only use it for online transactions |
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EdenHazard
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Activity: 2674
Merit: 1048
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January 20, 2017, 07:24:15 AM |
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Im recently storing my bitcoins to online wallets as they are not that much to be stored in hdd wallets like bitcoin core or electrum, but if i have enough bitcoins for storing then i will store them in my pc in electrum and bitcoin core wallets, i hope they will be safe there.
i am also using online wallet to store my bitcoins and when ever my bitcoin increase from a certain limit then i i uses multiple wallets to store my bitcoins. Is there a certain limit for a particular online web wallet?I dont encounter one since you could able to store how much as you can and theres no limit on storing bitcoin.Even thousands of bitcoin would be still okay.In my situation i do store on an online web wallet too because i do only use it for online transactions a friendly reminder from me , don't use a third party wallet service to store your bitcoin especially when you have a huge amount. paper wallet is the best choice , a lot of bitcoin high holder use it as it is the most secure wallet. unless if you store small amount only and for daily spend purpose , then online wallet is okay. |
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Zadicar
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Activity: 1372
Merit: 1020
Vave.com - Crypto Casino
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January 20, 2017, 07:32:33 AM |
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Im recently storing my bitcoins to online wallets as they are not that much to be stored in hdd wallets like bitcoin core or electrum, but if i have enough bitcoins for storing then i will store them in my pc in electrum and bitcoin core wallets, i hope they will be safe there.
i am also using online wallet to store my bitcoins and when ever my bitcoin increase from a certain limit then i i uses multiple wallets to store my bitcoins. Is there a certain limit for a particular online web wallet?I dont encounter one since you could able to store how much as you can and theres no limit on storing bitcoin.Even thousands of bitcoin would be still okay.In my situation i do store on an online web wallet too because i do only use it for online transactions a friendly reminder from me , don't use a third party wallet service to store your bitcoin especially when you have a huge amount. paper wallet is the best choice , a lot of bitcoin high holder use it as it is the most secure wallet. unless if you store small amount only and for daily spend purpose , then online wallet is okay. I do only store small amounts thats why im confident enough to store it on web wallets and you are right its not really ideal to put huge amounts of bitcoin on an online wallet because the risk of lossing it is high compared to those paper wallet and hardware wallet which is really better to store huge amounts of btc. |
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