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Author Topic: How do you store your bitcoins?  (Read 92194 times)
PsylockReborn
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March 27, 2018, 11:53:39 AM
 #2281

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

I used nano ledger S. Easy to use and safe as well. You just have to make sure you place your back up in a very secure location for you not to be hacked.
espiapogi1994
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March 27, 2018, 12:03:55 PM
 #2282


 
for safely your bitcoin you also need to follow how the bitcoin system makes it easier to keep you as much cleaner and safer as a wallet if I'm in blackchain or elctrum wallet Smiley
Yakapo
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March 27, 2018, 12:10:54 PM
 #2283

 cold storage are some of the safest places to store Bitcoins,  but depending on what you use it for, there are a variety of places to store BTC, exchange platforms are majorly used by traders to store their BTC as they are readily available for trade when needed, offline or hardware wallets are also safe as its almost impossible to hack them
cokkapaga
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March 27, 2018, 12:13:19 PM
 #2284

I just store my btc in online wallet at blockchain.info, blockchain.info is great online wallet, simple to use and interface
if do you want safe more you can store your btc in the hardware wallet

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soname12
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March 27, 2018, 12:21:26 PM
 #2285

I stored my Bitcoin on Coinbase I thought it was a great online wallet provider with high security. Coinbase also supports a large number of hard fork related to Bitcoin. Coinbase also supports ETH and BCH, which are also the best Altcoin available today and are available in a variety of holders.

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Ngewex Yuk
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March 27, 2018, 12:26:46 PM
 #2286

I just store my btc in online wallet at blockchain.info, blockchain.info is great online wallet, simple to use and interface
if do you want safe more you can store your btc in the hardware wallet
Yes, I also keep my bitcoin in blockchain, and already more than 2 years have never found a problem, let alone I also install in androiid so I can always monitor bitcoin whenever I want.

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Jay Jay crypto
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March 27, 2018, 12:27:07 PM
 #2287

The best solution is to keep a small amount of bitcoin in a digital wallet like Mycelium Wallet, that's designed to work well with offline storage devices. Finally, if you want to keep your bitcoin offline but don't want to deal with a hardware wallet, you might want to consider a paper wallet instead.
Herressy
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March 27, 2018, 12:32:17 PM
 #2288

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I store my bitcoin on online walled called blockchain.info and btc.com. But I want to buy hardware wallet for better security.
If you have bitcoin in large quantity then I suggest to store in offline wallet for example electrum, this is because with offline wallet we can control completely and if damaged or disappear then we still have private key.
for the way of that you think that storing and keeping bitcoin are some of the best thing that you may have to do then people may always wanted to have what are some of the best thing that they may have for storing it on offline wallet are may look good but it was depends on the person that are may keeping that coin for.
pekcoin01
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March 27, 2018, 12:36:50 PM
 #2289

The safest method is offline wallets. You can protect coins with a secure laptop and off-the-wallets.
The market is at a very bad level.
Kodok Bencot
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March 27, 2018, 12:44:28 PM
 #2290

The safest method is offline wallets. You can protect coins with a secure laptop and off-the-wallets.
The market is at a very bad level.
Yes you are right, with the offline wallet proved safe, if I have a bitcoin in large numbers of course I will save in the offline wallet because we have a private key that we can use if there is damage to the device.
Gondwanaland
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March 27, 2018, 12:45:36 PM
 #2291

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

i store my bitcoin through online wallet. the online wallet that I used is coins.ph. This wallet is very useful because many things that you can do here like cash in and out, paying bills, buying loads and etc. Coins.ph is a trusted online wallet here in our country and many people used it and trust it.

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Thardz07
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March 27, 2018, 01:00:46 PM
 #2292

I’ve been using a trusted and centralized service like Coinbase, Gemini, Xapo. It’s simple to use, and they claim they’ve got your back for all kinds of little mistakes that might cause you to lose money. Just be sure to enable 2FA.
Luizrosevelt
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March 27, 2018, 01:17:30 PM
 #2293

In terms of storage, I have different methods based on my strategic plan. I have used this for a while and it doesn't only give peace of mind but also makes transactions a pleasurable experience. I basically use Nano s, blockchain and exchange in decreasing order of trust.
First, most of my Bitcoin come from altcoins. So my blockchain gives me the flexibility to invest and withdraw back earnings.
Secondly, the exchange helps me hold the amount I'm willing to trade or invest with. This is where I convert my altcoin holdings back to Bitcoin.
Thirdly, my Nano S is like my FED. All my surplus and main holdings and profits are reserved here. Even AI won't help you locate this device in my house. I alone and God know where it is.
Therefore, each stage or method is deliberate and strategic in that regard. I know where , when and how to get things done based on my mission per time. I hope this helps.
hydeevanz
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March 27, 2018, 01:59:54 PM
 #2294

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
Obviously, I can only store my bitcoin in a wallet like coins. pH because this is the only wallet here in the Philippines that has a partnership in another transaction shops. It was an obvious that bitcoin cannot be stored in a normal wallet like fiat because it is a digital currency that needs an internet connection.
lesinset
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March 27, 2018, 02:17:50 PM
 #2295

In an online wallet. I recently lost my phone so I'm using my laptop alone.

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Jembut Ireng
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March 27, 2018, 02:19:37 PM
 #2296

I just keep bitcoin on web wallet, I split the wallet into some wallet that is coinbase, green address and xapo, as long as we activate 2FA then I'm sure bitcoin will be safe and most important is we verify with valid data.
Techie5879
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March 27, 2018, 02:27:49 PM
 #2297

As I have a pretty less number or amount of bitcoins with my almost all times, so it actually doesnt justify me buying a hardware wallet or taking the time to setup a paper wallet. I use Electrum, an extremely secure, and user friendly wallet to store my BTC, on a computer with good security and that is easy to access.

I just keep bitcoin on web wallet, I split the wallet into some wallet that is coinbase, green address and xapo, as long as we activate 2FA then I'm sure bitcoin will be safe and most important is we verify with valid data.

I would really advise against using online wallets or exchanges to store bitcoins, as recently and in the past too, there have been many hacks of exchanges due to exploits found in their software and system. This is a vulnerability, and you, as a user cannot do anything to control or reduce these kinds of cases, which you can do if you use an offline wallet like Electrum, paired with a frequently updated OS, and good antivirus.
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March 27, 2018, 03:06:35 PM
 #2298

Maybe this is a bold statement here, but I keep all my eggs in one basket, Electrum under Linux, I own the seed, even if I lose my password I can still recover my money with the seed. I don't know how this can be hacked without anyone knowing the seed or password, so far it hasn't and I have hopes it will remain this way.
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March 27, 2018, 04:07:16 PM
 #2299

To me really depends on how much is your asset. I have so small amount of bitcoins and saving it in an local exchange account. But I have tokens which is quite worthy so that I am keeping it in a ledger nano. Transferring small amount of bitcoins is very expensive, but transferring token is cheap Grin

Verde_Mantis
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March 27, 2018, 04:18:47 PM
 #2300

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I recently got a Ledger Nano S, so now I use a hardware wallet. Before I stored them in Electrum and other similar wallets, but now I really like the Ledger!
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