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Author Topic: How do you keep your bitcoins?  (Read 48734 times)
Micerker J. Meyer
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November 05, 2017, 01:49:08 PM
 #1081

I save some in my offline wallet, some on blockchain, xapo and coinbase, some on cryptocurrencies trading markets
assyla
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November 05, 2017, 01:54:11 PM
 #1082

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

I usually keep my bitcoin into my online wallet it is a good thing because I will just wait for the right time so that I will convert it into higher value of bitcoin. And investing is a good idea too to earn much higher bitcoin.

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lepricoin
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November 05, 2017, 02:26:14 PM
 #1083

If there is a need to store a large amount of crypto currency, the best option is cold storage. Cold storage involves physical access to the information medium, so as to protect it from any attempts to access via the Internet.

sehanmaxx01
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November 05, 2017, 02:34:13 PM
 #1084

 I would only put money on an exchange for trading and I would keep some stored separately in a secure location. So the question is what is a secure location? Huh
Mazda17
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November 05, 2017, 03:29:16 PM
 #1085

For this kind of case, i suggest to used off line wallet don't used online wallet because you are not going to supervise your wallet for a long time and if it is possible spread your money into a different wallets, in that way you decrease the chance of losing your money all at once, the most important is to keep your private key safe and remember to save it, because you are going to invest the coin for a long time
Good advice and I like your advice.
To keep bitcoin I use the wallet off line in order to keep the security of bitcoin does not just disappear.
coin royal
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November 05, 2017, 04:56:04 PM
 #1086

For me i think you shoud use a paper wallet or make your possess vainness adress so you can have your own personal crucial. Even now the best factor to retailer your bitcoins is in a paper wallet.or just store your personal key on some usb but nevertheless you should have a backup incase your usb gets corrupted. Or just set it in your neighborhood bitcoin wallet that you can have faith in.
yes i will also prefer that we need to use wallets and some wallets are there which will help anybody to keep their bitcoin safe for a long time so don't feels rude that what will happened and how will i keep my bit coins.
cryptokath19
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November 06, 2017, 07:16:57 AM
 #1087

In 80% I keep Bitcoin on mycelium and coinomi wallet,because its safe to used it. And the 20% are on the trading so that i have a backup for my bitcoin earnings.
The Alchemlst
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November 06, 2017, 07:20:40 AM
 #1088

currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. Smiley

This is the safest way and most sure thing to do when you need your bitcoins but I think it would not be that productive for those who want to invest on bitcoin and planning to hold for a longer period of time. I myself do something like this, I place my bitcoins in my online wallet app which can convert it easily to goods and even prepaid load that I use every time my wallet balance increase.

Snyderfx
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November 06, 2017, 07:55:34 AM
 #1089

 in my opinion  I suppose you to coinbass or blockchain for your safety .i also use that two before i start my tradings.its secure for btc holds.

fedora8
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November 06, 2017, 04:21:55 PM
 #1090

Retaining my bitcoin in my on the web bitcoin wallets, Xapo and Blockchain
scorpion27
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November 08, 2017, 12:41:17 AM
 #1091

I have a plan to increase the bitcoin I have because I am active in trading to find a little advantage of the increase and decrease the bitcoin price, usually I store my bitcoin in the wallet

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November 08, 2017, 01:26:36 AM
 #1092

Some of my collection of bitcoin I put them in 2/3 wallet for safety. I am using some bitcoin in trading and some i keep them in offline wallet. You can also take a step to convert it as money and keep them in bank to save ur money Smiley without trading crypto world is nothing for me so if u want to get more profit u can trade some bitcoin.

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November 08, 2017, 01:54:41 AM
 #1093

I keep my bitcoins in an online wallet but not that huge amount, im just making sure that my money is secure so I stored 1/2 of it and exchange the other half if the bitcoin increase its value .
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November 08, 2017, 01:56:41 AM
 #1094

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs


store it in a secure digital wallet or save money in the wallet of websites that you consider safe and located in your country, or anywhere that makes your bitcoin safe, you must recognize who owns the storage.
KnightElite
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November 08, 2017, 01:59:43 AM
 #1095

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

I keeping my bitcoins in trusted online wallets like coins.ph and coinbase. Both of them have a good review because those two have high security and I believe that my bitcoins are safe in those wallets.
sandaru
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November 08, 2017, 02:28:49 AM
 #1096

I do keep my all bitcoins in a paper wallet so as to assure more security for them. And I would recommend online wallets as well but only with two factor authentication method.
daadi059
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November 08, 2017, 07:18:36 AM
 #1097

I store my bitcoin in an electronic wallet and save it to the 'text' folder on my computer, to be sure I have set my computer password, and back up the 'text' directory on the Google driver, so that it I accidentally deleted the 'text' folder. Grin
soilwork79
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November 08, 2017, 07:51:31 AM
 #1098

I keep my Bitcoins in an online wallet. I don't have much bitcoin. If I had a lot of bitcoins I would definitely keep them in an offline wallet because they are in a safe place where no one will reach them except for me.
mashort
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November 08, 2017, 08:49:48 AM
 #1099

I have Bitcoin placed in a huge amount of places online and I am not sure how much I have offline.
Bitcoin isn't really that important to me so there isn't any point of tracking it down when the price is only $1,034.9.

If the price was maybe $1,000,000,000 per coin then maybe I would try to look for them.

 Grin Grin Grin can you imagine the price was on;y $1,000 in February 2017( 10 months ago) and now it is $7,000. have you now started taking it seriously? just wondering? hehe
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November 08, 2017, 09:30:46 AM
 #1100

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

I keep my Bitcoin in an application named coins from playstore. I think it is secured since it is connected to my email address and there's an additional pin to secure it. I am able to monitor the value of Bitcoin and I can easily convert my Bitcoin whenever I wanted to. Also , since it is nit yet legal on my country, I am able to cash it out by converting it first into fiat.

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