How do you keep your bitcoins?

[Creepings]

I think if you want your coins to be safe it is better to save it on a paper wallet and place these wallet somewhere safe or where you can't probably forget it. I don't really trust online wallets even if I use them now, because you will be storing it for a very long time and we dont know what will happen there especially when that site notices that you are not being active for a couple of years.

[Mometaskers]

I keep mine in a local exchange. I don't have much anyway so I can afford to keep them there. Also I just have one laptop and I see people suggest that when using software wallet to have a pc that you would never connect to the internet. I still can't afford one, and can't even afford a paid anti-virus. I'd probably consider hardware wallets if I get more than BTC3 though I'm not even sure if these are available in my country.

For now the exchange is enough for my needs. I can quickly convert my btc to fiat and cash-out if I really need cash.

[dearbesz1219]

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.

However, in my part I used xapo, and electrum so and far I don't face any circumstances regarding about this two wallet both are no negative issues or being involve in any controversies.

[Soul Reaper]

I have less amount of Bitcoins, so I keep them at Various Web Wallets. Kepping it depends on how big the amount is, more the amount, you should increase your security by using different kind of wallets.And as mentioned, Physical wallets are kind of best, but it is also vulnerable, from like thefts, loosing it.

See I agree with you that online wallets
Like block chain, paybis etc are very useful ,
And they are very user friendly also.
But if you want to be secure more Than normal,
Then I think instead of using online wallets .
The best you can do to secure them is to save them ,
In your USB offline.

[Selly Arumsari]

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

for me in local exchanger , but i think this is very dangerous because we do not know bitcoin for 5-10 years in future , be better if you save or investmen you can use real money like dollar

[dothebeats]

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.

However, in my part I used xapo, and electrum so and far I don't face any circumstances regarding about this two wallet both are no negative issues or being involve in any controversies.

Xapo wallet is nice for fast transactions and electrum, for the most part, is ideal and gets the job done. Aside from that, the security features of Electrum are somewhat basic but for the last 2 or so years, I haven't encountered and uneasiness on using it and the mnemonics are pretty easy to store without having to worry about it.

[xypos]

I keep mine in a local exchange. I don't have much anyway so I can afford to keep them there. Also I just have one laptop and I see people suggest that when using software wallet to have a pc that you would never connect to the internet. I still can't afford one, and can't even afford a paid anti-virus. I'd probably consider hardware wallets if I get more than BTC3 though I'm not even sure if these are available in my country.

For now the exchange is enough for my needs. I can quickly convert my btc to fiat and cash-out if I really need cash.

Well buddy, there is no probldm in getting hardware wallet.
They might be not available in your country but im sure that there are many trusted retail sellers who have bought trezors or ledgers to get some profits on selling them to clients.

In any case, you shouldn't hold bitcoins on any exchanges, avoid it like plague. The amount of money doesnt really matters, it is still about being safe and not taking risk.

Using electrum is just fine,it is pretty safe to hold funds and also very transparent plus fairly easy to use.

[matthona]

I keep my bitcoins in electrum wallet as I think its very safe wallet with great safety features and even its very easy to back up your wallet so even if your computer gets crash you can easily recover your bitcoins.

[pixie85]

keeping bitcoin at paper wallet is best place, but for me building rig mining is more interesting, i can get money everyday and ofcourse i can sell my hardware as gamer rig too, if not profitable anymore

Paper wallet can be destroyed much easier than an electronic backup of a hardware wallet. Nowadays you can store your backup on a microSD card and keep int anywhere you want, even hang it on your neck if that's the level of security you require. I don't see any practical reasons behind using a paper wallet or a brain wallet, which is even a worse idea.

[Pencil Pastel]

keeping bitcoin at paper wallet is best place, but for me building rig mining is more interesting, i can get money everyday and ofcourse i can sell my hardware as gamer rig too, if not profitable anymore

Paper wallet can be destroyed much easier than an electronic backup of a hardware wallet. Nowadays you can store your backup on a microSD card and keep int anywhere you want, even hang it on your neck if that's the level of security you require. I don't see any practical reasons behind using a paper wallet or a brain wallet, which is even a worse idea.

This is why you should keep both. I use an online wallet. If I had more money I would run my own wallet. Keep a paper as well.

[Lizzie_Girl]

I prefer to just use an online wallet from my phone. I use one small one for buying things or selling or trading. The other I keep most of my BTC in and is online as well. I send from the big one to the small one and never spend from the big one directly.

[TheGodFather]

I keep my bitcoins on a offline wallet which I keep just to store, otherwise I have my bitcoins on localbitcoins(low volume) in case i'm outside and need some money in my bank account. It works very well for me and I'm very happy with it as of now.

Thats nice btw. As we can see, mostly online wallets is already scamming their own customers. If you can actually implement that method, then that will work very nice. But in my opinion, I will put them 50-50 . 50% for online and 50% for offline.

[ralle14]

I use online wallet to store my bitcoins so I could have access through my phone when i'm away from my computer. Also  the balance in my wallet doesn't exceed over 1 bitcoin. If I have more than 1 bitcoin to hold i'll prolly use a desktop wallet like electrum.

[bitart]

I prefer to just use an online wallet from my phone. I use one small one for buying things or selling or trading. The other I keep most of my BTC in and is online as well. I send from the big one to the small one and never spend from the big one directly.

You shoul think about changing the "big one" to a cold storage (paper wallet, offline wallet, hardware wallet), just to be on the safe side. The little one is OK if it's a web wallet.
I store most of my coins in a hw wallet and I have a little amount in my Xapo web wallet with a Xapo debit card connected to it. If it seems that I have too much bitcoin in my web wallet, I transfer it to the cold storage or I simply spend it with the card
Just be sure that you own the private key of the "big one".

[grandy]

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

for me in local exchanger , but i think this is very dangerous because we do not know bitcoin for 5-10 years in future , be better if you save or investmen you can use real money like dollar

to me i think i keep it in online wallet. as it is more convenient and safe method of keeping and saving our bitcoin one can use it any time and from anywhere.

[SamsungBitcoin]

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

for me in local exchanger , but i think this is very dangerous because we do not know bitcoin for 5-10 years in future , be better if you save or investmen you can use real money like dollar

to me i think i keep it in online wallet.

My bitcoin was divided in multiple bitcoin wallet, but i have main bitcoin wallet which is the local wallet in my country which has good offer services for its users. and also i have bitcoin in some trading site to get some extra income and also to entertain me.

[deppil]

Keeping coins at online not a bad idea also, if you have not a huge amount of them, but for safety you can make some "cold storage" wallets where you can save your bitcoins on paper. But online wallets have 2 factor authentication, which gives you a chance to lock your phone like a second verify process to access your wallet, which always help save your account from hackers

I think even if you have a great bitcoin though, the online wallet will be safe for you, they have 2FA makes you be safe from hackers or thieves, and I've never heard of an online wallet to be a scam?

[crwth]

Keeping coins at online not a bad idea also, if you have not a huge amount of them, but for safety you can make some "cold storage" wallets where you can save your bitcoins on paper. But online wallets have 2 factor authentication, which gives you a chance to lock your phone like a second verify process to access your wallet, which always help save your account from hackers

I think even if you have a great bitcoin though, the online wallet will be safe for you, they have 2FA makes you be safe from hackers or thieves, and I've never heard of an online wallet to be a scam?

That's a great thing, you will be protected with the scammers and hackers but one thing that you are not protected from is the site itself. They could run away at anytime if they've planned it a long time ago or if that's they real plan or something. Then you are dead soon, no coins for you. Lol

[AjithBtc]

Keeping coins at online not a bad idea also, if you have not a huge amount of them, but for safety you can make some "cold storage" wallets where you can save your bitcoins on paper. But online wallets have 2 factor authentication, which gives you a chance to lock your phone like a second verify process to access your wallet, which always help save your account from hackers

I think even if you have a great bitcoin though, the online wallet will be safe for you, they have 2FA makes you be safe from hackers or thieves, and I've never heard of an online wallet to be a scam?

That's a great thing, you will be protected with the scammers and hackers but one thing that you are not protected from is the site itself. They could run away at anytime if they've planned it a long time ago or if that's they real plan or something. Then you are dead soon, no coins for you. Lol

More users suggest not to depend third party service, but without them we cannot have such a ease of usage that we experience with those wallets. Right now most of the wallet service providers were trustworthy and has good reputation. I use blockchain and have never encountered a problem yet.

[Mvaporis1961]

Storing in exchanges site is not advisable thing to do when talking to storing bitcoins safely.Exchangers account maybe hijacked even if its secured,also the exchange site too is vulnerable enough for smart hackers to get into.Storing bitcoins in your pc will be alot secure i think and thats what i recommend becasue i mostly store my bitcoins too in my pc