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Author Topic: How do you store your bitcoins?  (Read 92194 times)
Alex Dark
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February 15, 2018, 04:44:47 PM
 #2121

If you want to keep bitcoin for long term, you should use hardware wallet. That is how the bitcoins can be saved in security.
copoyes
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February 15, 2018, 04:49:13 PM
 #2122

I keep it partly in the wallet market partly on the pc wallet
let pas bitcoin price up or down no longer excessive transfer transfer from pc wallet to wallet market
which is in the market for tradding
which is on pc for stash
25espia1994
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February 15, 2018, 04:52:23 PM
 #2123


 if i have a bitcoin i will use my wallet app here in my country which is coins.ph
 and yes, i can buy and sell bitcoin using my wallet app.

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February 15, 2018, 04:53:17 PM
 #2124

You cannot know if the online wallet will just run away with your money. I had heard from people that they are sometimes hacked.

The reason it is not that used. There is a lot of online exchange that is being hacked, if you really want to store your money, do not store your bitcoins or any other crypto currency on the exchages, store them in a hardware wallet or other wallets which you can control. Also, having a secured wallet is not enough, you must also be responsible on holding them.

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lani123lani
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February 15, 2018, 05:05:53 PM
 #2125

I do not have so much so I choose to store my bitcoin in breadwallet.

bitvelk
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February 15, 2018, 07:11:08 PM
 #2126

I usually keep my money in my wallet blockchain.info but now I bought cold wallets which are more secure, most likely all my money I'll keep it there.

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February 15, 2018, 07:17:31 PM
 #2127

currently my portfolio is getting bigger every day, so i decided to reduce the risk and purchased a hardware wallet, Trezor temporary

will move to Ledger Blue as soon as i can get a hand on it, i really liked its features
cake101
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February 16, 2018, 05:49:03 PM
 #2128

I am keeping my BTC on different exchanges and I'm using it on trading. Somehow somebody told me to keep it on bitcoin core but its still synchronizing up til now. Its been 5 days, though I only update it for like three hours a day. I'm not sure how big do I have to download it, I have read its 45GB but that was based on 2014 post. I bet its way bigger file now. haist
flippener
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February 16, 2018, 09:28:15 PM
 #2129

I am keeping my BTC on different exchanges and I'm using it on trading. Somehow somebody told me to keep it on bitcoin core but its still synchronizing up til now. Its been 5 days, though I only update it for like three hours a day. I'm not sure how big do I have to download it, I have read its 45GB but that was based on 2014 post. I bet its way bigger file now. haist

It's more like 200Gb I think - it took my PC a week, on the whole time.

Back to the original question - hardware wallet always, I use Ledger.

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RAmondragon
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February 16, 2018, 09:31:54 PM
 #2130

Save some on personal computer using a wallet and also have it on phone using different kind of exchange.

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changcloy
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February 16, 2018, 09:35:37 PM
Last edit: February 17, 2018, 12:25:12 AM by changcloy
 #2131

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I still have a small amount of bitcoin so i just store it in my wallet in my phone,i am not worried because nobody knows what is my passwors in my wallet and my family canno't used my phone.And also for me to easy convert my btc if ever i badly need it.
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February 16, 2018, 09:36:12 PM
 #2132

Nano ledger S Cheesy

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Tukazzz
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February 17, 2018, 09:58:57 AM
 #2133

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juiceannabel
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February 17, 2018, 10:10:34 AM
 #2134

storing bitcoin or other crypto in a cold wallet is safer then hot wallet.
but be careful not to lose the storage of yours, or dont give your cold storage to others.
hoodi
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February 17, 2018, 10:11:31 AM
 #2135

I hold them in my phone Nokia 3210, this is the safest way to store your bitcoins. It is impossible to break, hack , steal or lose Nokia. ----> Perfect phone!

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February 17, 2018, 10:20:45 AM
 #2136

To be honest, I most of the methods while storing Bitcoins but paper wallet with multiple soft/hard backup copies is still my favorite one. I use web/exchange wallets for storing not more than 5 to 10% of the funds and I keep rest of the funds in paper wallet. However, I am further planning to buy hardware wallet soon.
spiritguardcharles
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February 17, 2018, 10:40:58 AM
 #2137

I'm using a online wallet such as coins.ph which many people here in our country used it and serves as the best way to sending and transfering of  money online,exchange bitcoin,pay bills and etc.As for now the money in my account is still empty but if ever i've got the payment in my bounty,i'll definitely convert the bitcoin into my country's currency and keep it into a bank for safety precautions if ever my online wallet account got hacked by the other people atleast they won't get anything

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baydewant96
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February 17, 2018, 11:04:41 AM
 #2138

I think most people will keep the bitcoin in their online purses. But if I myself I will immediately sell my bitcoin results because I am including people who are impatient waiting for the rising bitcoin value in the market, so we can not directly enjoy the results of our own hard work .... otherwise I feel safer when I get my bitcoin directly selling for fear of my online wallet account hit by hack so the results of my efforts during it just disappeared

luckybegum3907
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February 20, 2018, 07:40:23 AM
 #2139

First must be told (even this has nothing to do with the security but with your pocket) all the fees of the sent of bitcoin are paid from Coinbase. Then they store 98% of customer funds offline. Offline storage provides an important security measure against theft or loss. They distribute bitcoin geographically in safe deposit boxes and vaults around the world. And at the end (for more you can do yourself at their website) Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time.  you create a wallet which will require two sets of separate signatures in order to spend the bitcoin, then you keep the two wallets (two signatures) on two different machines. they can be both offline too. but not all online wallets are the same, one should choose a wallet that gives access to his private keys so he will have the full control on his coins.
Sean25pogi
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February 21, 2018, 07:13:03 PM
 #2140

I store bitcoin is legt electronic wallets; from this I am confident that my money is same and free from all kinds of risk and scam. Electronic wallet is design to secure all bitcoins or emoney that you have.
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