sportis
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Activity: 406
Merit: 252
Veni, Vidi, Vici
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November 17, 2016, 10:22:26 PM |
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The principle is not all eggs in one basket.
An offline wallet; paper based or HD wallet for savings. This is not for everyday usage.
A PC wallet if our job demands the daily transactions with our clients
A web wallet for small expenses. Sometimes this is pairing with smartphone.
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whizter
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November 20, 2016, 09:57:08 PM |
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The principle is not all eggs in one basket.
An offline wallet; paper based or HD wallet for savings. This is not for everyday usage.
A PC wallet if our job demands the daily transactions with our clients
A web wallet for small expenses. Sometimes this is pairing with smartphone.
yes that is right to say i am agree with you that is too much dangerous and risky if you are going to put all your bitcoin in one wallet you should use multiple wallets to distribute your bitcoin in it, through this way you can minimize the risk of your whole bitcoins from hacking. |
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LuanX3
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November 21, 2016, 05:29:37 AM |
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In your own wallet! Bitcoins will rise so high that it might reach $1,000 again. So better horde it and buy as much as you can now.
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mrkevio
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November 21, 2016, 05:32:09 AM |
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In your own wallet! Bitcoins will rise so high that it might reach $1,000 again. So better horde it and buy as much as you can now.
High amounts are not recommended to be stored in an online wallet. This is why cold wallets exist - print one, laminate it (you can do that even with scotch) and you'll have a waterproof cold wallet that you can safely store. You also should print it on a Linux Live just so that it cannot be hacked in any way. Your online wallet with high funds is prone to hacking in any moment. |
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jcojci
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November 23, 2016, 12:56:03 PM |
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i think with that amount, you should have cold wallet like USB bitcoin wallet, you can search on google where the store online that selling this USB. because its really important that you have to save your bitcoin in the safety wallet and i think better you don't have to make deposit bigger than 3 bitcoin in the market exchanger or localbitcoin or any places, save your bitcoin in cold wallet. and remember to not save all your bitcoin in one places.
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xIIImaL
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Activity: 1372
Merit: 1005
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November 23, 2016, 06:03:51 PM |
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In your own wallet! Bitcoins will rise so high that it might reach $1,000 again. So better horde it and buy as much as you can now.
If you invest and buy now I am sure you can make profit when it reaches to high value like 1300$ in future better invest and get the huge profit. I advice you to save the bitcoin in cold storage or desktop wallet in instead of having in online wallets |
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nizamcc
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Activity: 1218
Merit: 1007
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November 23, 2016, 06:20:24 PM |
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Best option would be paper wallets, as they would allow you to have your coins remain secured if you are interested in just saving them and not going to spend anything from them. You can, however, get those coins back in your wallet after scanning the QR code and retrieving the private key.
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Monnt
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Activity: 938
Merit: 1002
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November 24, 2016, 11:53:52 AM |
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You can store your bitcoin in your online wallet, you have to create an online wallet for yourself you can do that for free as there are so many exchange and some other forums who give you the facilities to create your own wallet and you can do that for free and then can keep your bitcoin there, you have to pay some transaction free while transferring your bitcoin from one wallet to another using exchange service.
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sabbirshm
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November 26, 2016, 11:59:28 AM |
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Firstly, you can store your bitcoin in computer with a bitcoin software.Its simple to understand and you can spend it easily. Secondly, you can store bitcoin in CD,Memory Card.First,copy the wallet.dat file to CD and delete it from computer. Thirdly, you can keep your bitcoin in a third party websites like exchange sites or any site that allows to deposit or transfer bitcoin. |
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ivanst776
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Activity: 1540
Merit: 1003
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November 26, 2016, 12:24:04 PM |
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Maybe for you it is not a large amount of bitcoin but for me and for a good number of users here it is not a small amount of bitcoins. I would suggest you to buy a hardware wallet, maybe a trezor or a ledger nano S or hw.1(it is the cheapest one), they are safe enough but you can use also paper wallets but hardware wallets are more user friendly. |
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BitcoinHodler
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November 26, 2016, 12:35:22 PM |
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Maybe for you it is not a large amount of bitcoin but for me and for a good number of users here it is not a small amount of bitcoins. I would suggest you to buy a hardware wallet, maybe a trezor or a ledger nano S or hw.1(it is the cheapest one), they are safe enough but you can use also paper wallets but hardware wallets are more user friendly. i still can not wrap my head around for buying a hardware wallet. in my opinion it is not yet worth it for me to pay $100 (or less for some other producers) just to hold my bitcoins as long as i can make a perfectly safe cold storage on my own and then spend from it the same easy and safe way. |
Holding Bitcoin More Every Day
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BlockEye
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Activity: 1148
Merit: 1097
Bounty Mngr & Article Writer https://goo.gl/p4Agsh
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November 26, 2016, 12:38:32 PM |
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Maybe for you it is not a large amount of bitcoin but for me and for a good number of users here it is not a small amount of bitcoins. I would suggest you to buy a hardware wallet, maybe a trezor or a ledger nano S or hw.1(it is the cheapest one), they are safe enough but you can use also paper wallets but hardware wallets are more user friendly. i still can not wrap my head around for buying a hardware wallet. in my opinion it is not yet worth it for me to pay $100 (or less for some other producers) just to hold my bitcoins as long as i can make a perfectly safe cold storage on my own and then spend from it the same easy and safe way. Yeah. I preferred too a cold storage for safe and no hassle way of saving bitcoin. I didn't trust hardware wallet to hold my bitcoin even online wallet. |
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BitcoinHodler
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November 26, 2016, 01:07:24 PM |
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Maybe for you it is not a large amount of bitcoin but for me and for a good number of users here it is not a small amount of bitcoins. I would suggest you to buy a hardware wallet, maybe a trezor or a ledger nano S or hw.1(it is the cheapest one), they are safe enough but you can use also paper wallets but hardware wallets are more user friendly. i still can not wrap my head around for buying a hardware wallet. in my opinion it is not yet worth it for me to pay $100 (or less for some other producers) just to hold my bitcoins as long as i can make a perfectly safe cold storage on my own and then spend from it the same easy and safe way. Yeah. I preferred too a cold storage for safe and no hassle way of saving bitcoin. I didn't trust hardware wallet to hold my bitcoin even online wallet. don't get me wrong, it is not a matter of trust at all. these hardware wallets have been around for enough time that i can trust them and if i am not mistaken one of them is even open source. my problem is with paying for something that i can create for free myself. and i guess hardware wallets are a good way of storing bitcoins for those who can not do this or maybe they are too lazy to do it and want some safe way to store their 1000 BTC on. |
Holding Bitcoin More Every Day
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Kotone
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November 26, 2016, 03:40:25 PM |
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Blockchain is really good and most trusted of users to store their bitcoins this is a number secured bitcoin wallet in the world even your going to hold your bitcoin for year's it will be safe in blockchain  just always remember and save the important things. |
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OrangeII
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November 26, 2016, 04:57:58 PM |
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I have less than 10 in localbitcoins and about 5 each on BTCC and their justpay wallet.
I don't trade actively, just buying around 1 coin every week or two since a few months ago.
Should I be considering some secured wallet?
Blockchain is really good and most trusted of users to store their bitcoins this is a number secured bitcoin wallet in the world even your going to hold your bitcoin for year's it will be safe in blockchain just always remember and save the important things. you're right, blockchain always reliable since it first became wallet for users bitcoin, even to this day I still use blockchain to save bitcoin I always get, and maybe I'll keep using it until I'm no longer looking for bitcoin, but I think I still would look for it. well, very much like Coinbase storage wrought, but I prefer blockchain than others |
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bitcoinisbest
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November 26, 2016, 05:42:30 PM |
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OP - Yes when you have many btc its better to have many wallets and store in offline wallet is the best which help you in string securely as you dont use for trading or spending purpose. Also just keep around 2-3 in active wallet just incase you require to spend it.
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2double0
Legendary
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Activity: 2618
Merit: 1105
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November 27, 2016, 06:45:35 PM |
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I would suggest you to put all your coins separately because that way, you will have all of them differentiated for different purposes.
I mean, you may store 2 coins in blockchain for gambling, 3 coins in electrum for trading purposes, and 5 coins in offline wallet to put it safe.
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equator
Legendary
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Activity: 1190
Merit: 1002
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November 27, 2016, 06:51:27 PM |
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Storing Bitcoins in exchange is not recommended , only use them when you need any trade . it is better to use desktop wallet which gives you full control on our wallet and keys that in future if any problem you can retrieve them through private key. And when you use desktop or hardware wallet you dont have to worry of using in gambling or not as in web wallet they have some restriction of not using the wallet transaction for gambling like coinbase have their terms and condition that if any account found using for gambling then their account will get ban
So it is always safe to use desktop or hardware wallet and use 2 or more wallet like one wallet for investment purpose which you dont use them frequently and one wallet for frequent use like trading ,investing in ICO and doing gambling
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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November 27, 2016, 07:00:31 PM |
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In terms of offline wallet... Ledger still has a black friday sale Just keep a "dirty" wallet for trading/gambling. But save your bigger amount in a hardware/offline wallet... |
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shield132
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November 28, 2016, 08:34:06 PM |
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I'll tell you what I suggest.
Amount of bitcoins which you want to keep safe and you are going to save them for long times, store them in offline wallet storage, I mean you can store them on hard drive or on flash drive. Than keep them in safe place.
And now, if you want to keep 1-2 bitcoin for everyday uses or simply for to buy or trade online, than choose secured online wallets, you can search them on google and you'll find good list, make decision on your own.
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