How do you keep your bitcoins?

[Jonny_DD]

If you own a large amount of bitcoin, you should save it on a hard drive, which is safe for you, and of course you must own the private key.

I assume you're talking about an external drive? Storing your wallet files/private keys on hard drives or usb drives is just optional. Negative aspect is that they may corrupt, or just stop working completely. Best possible storage is a metal bar with the private key(s) engraved. This will make sure that your private keys will not vade or vanish as might be the case with paper wallets.

Conversely, if you regularly carry out transactions, and the number of bitcoins you own is average, you should use an online wallet that will support you a lot of things, and will ensure the time for Your transactions. Because online wallets always set a fixed fee enough to complete the transaction quickly.

If you choose a light weight wallet (light weight in the way that it doesn't require/download the entire blockchain) it will work perfectly as well. It doesn't cost much effort to just include a proper fee. What else do you need?

I agree with you. Now a lot of convenient applications. Each has its own characteristics and advantages. You just need to choose the purse in which you are most comfortable storing coins.

[MingLee]

Currently have whatever I still have in an online wallet, might move them to a desktop wallet once I start to accumulate more but for right now there isn't much I can say about having any unique storage methods or anything. I'm probably one of the plainest people here.
I used to have a paper wallet and a desktop wallet, but I don't think that either of them are especially useful for what I have going right now. Not that's I'm complaining or anything.

[JasonXG]

I keep the bulk of my bitcoin on a at wallet I run from BIM in a server pc I use for all my coin wallets and to stake with. My main spending wallet is st blockchain.info I like the ease of use of online wallets for buying from where ever I am. I then have two addictional wallets. One for gambling and one for trading and investments.

[whizter]

I keep the bulk of my bitcoin on a at wallet I run from BIM in a server pc I use for all my coin wallets and to stake with. My main spending wallet is st blockchain.info I like the ease of use of online wallets for buying from where ever I am. I then have two addictional wallets. One for gambling and one for trading and investments.

but i do not keep bulk my bitcoin in online wallet because of security reason. i personally using different online wallet and distribute my bitcoins there in different wallet so as to avoid the chances of stealing or hacking my online wallet.

[BeGoods]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

For security it would be better if you keep it in the wallet. Because it will be much safer and has been proven safe. Yeah because of the experience some time ago. Exchange can be a scam.

[sobsitesearch]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

For security it would be better if you keep it in the wallet. Because it will be much safer and has been proven safe. Yeah because of the experience some time ago. Exchange can be a scam.

Me also i just keep mu bitcoin in my wallet even for long period of time i do not have to worry of scam because all my security is on my hand.
Because outside the wallet it is much risky to scam.

[YuginKadoya]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

For security it would be better if you keep it in the wallet. Because it will be much safer and has been proven safe. Yeah because of the experience some time ago. Exchange can be a scam.

Me also i just keep mu bitcoin in my wallet even for long period of time i do not have to worry of scam because all my security is on my hand.
Because outside the wallet it is much risky to scam.

Are you really sure about the bitcoin wallet that you are using because there are certain reports about some bitcoin wallet that are scam, and Wallet scams attract users with the assurance of greater transaction anonymity. Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet. I think we simply need some assurance before saying that you are using a really safe wallet.

[NEWGOODOUBLE]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

If my strategy I keep a few percent bitcoin that I have in exchange for trading purposes only. And to gain profit
And store all the other bitcoins in the wallet

[chineseprancing]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

For security it would be better if you keep it in the wallet. Because it will be much safer and has been proven safe. Yeah because of the experience some time ago. Exchange can be a scam.

Me also i just keep mu bitcoin in my wallet even for long period of time i do not have to worry of scam because all my security is on my hand.
Because outside the wallet it is much risky to scam.

Are you really sure about the bitcoin wallet that you are using because there are certain reports about some bitcoin wallet that are scam, and Wallet scams attract users with the assurance of greater transaction anonymity. Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet. I think we simply need some assurance before saying that you are using a really safe wallet.

Me i am sure that my local bitcoin wallet is very safe, that is why i choose to put big amount of money in my wallet since i also used this in my business, i used my wallet as like as remittance center which i earn additional income for this.

[Yatsan]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

That's right it's safe when you are going to save your bitcoin into safe just like offline wallets but for me the web wallet too is safe because they are trusted and the web wallet sending and receiving of the bitcoins is no hassle so for me I prefer to save my bitcoin into the web wallet because for me if I wil save my bitcoins into offline I think that is hassle for sending and receiving of bitcoins. and also in exchanging it into fiat.

[Wa(t)ch_night()]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

For security it would be better if you keep it in the wallet. Because it will be much safer and has been proven safe. Yeah because of the experience some time ago. Exchange can be a scam.

Me also i just keep mu bitcoin in my wallet even for long period of time i do not have to worry of scam because all my security is on my hand.
Because outside the wallet it is much risky to scam.

Are you really sure about the bitcoin wallet that you are using because there are certain reports about some bitcoin wallet that are scam, and Wallet scams attract users with the assurance of greater transaction anonymity. Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet. I think we simply need some assurance before saying that you are using a really safe wallet.

Me i am sure that my local bitcoin wallet is very safe, that is why i choose to put big amount of money in my wallet since i also used this in my business, i used my wallet as like as remittance center which i earn additional income for this.

I also fully trust the safety of my bitcoin purse. Therefore, I'm not afraid to keep large sums of money there. I trust banks not as much as bitcoin wallets.

[Pattart]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

But I think if you keep just a few percent of your bitcoin in exchange it's not a problem. Most importantly your bitcoin is kept in a safe place like an offline wallet

[Polar91]

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

But I think if you keep just a few percent of your bitcoin in exchange it's not a problem. Most importantly your bitcoin is kept in a safe place like an offline wallet

Actually, online wallet is secured enough and convinient enough to prevent hacking. In terms of keeping percent of you money in bitcoin, that is always must since no one should put all of his money in one investment to regulate investments very well.

[staff_1307]

Bitcoin is best stored locally. There is nothing to keep it in someone else's pocket.

[jossiel]

Bitcoin is best stored locally. There is nothing to keep it in someone else's pocket.

And you should be aware on where you are going to place that storage or else you are throwing away your precious assets.

I'm keeping my bitcoin right now through a web wallet but I don't store it on a single place.

I'm splitting my funds from many web wallets so if ever one of them is going to collapse or does have a plan to runaway.

Then I won't be losing all of my funds.

[janjoni]

There is no site that is 100 % secure, if you only have a few btc,so you must store it on  exchange. Many people are using online wallets, but I don't completely trust online sites and feel better having coins on my desktop. I keep 2 wallets. 1 for online bitcoin wallet for my trading profits and also the another one is hardware wallet which is store most of my bitcoins and just keep it aside.

[1Referee]

I'm keeping my bitcoin right now through a web wallet but I don't store it on a single place.

I'm splitting my funds from many web wallets so if ever one of them is going to collapse or does have a plan to runaway.

Then I won't be losing all of my funds.

Instead of having a third party that controls your precious coins, why don't you just split your coins into several paper wallets? If you do it properly, then you'll be the sole owner of everything. Right now you expose yourself to unnecessary risks that can easily be avoided by storing your coins offline. Ok, you lose the convenience that online wallet services may offer you, but you gain a total form of security over your coins.

[Jasad]

There is no site that is 100 % secure, if you only have a few btc,so you must store it on  exchange. Many people are using online wallets, but I don't completely trust online sites and feel better having coins on my desktop. I keep 2 wallets. 1 for online bitcoin wallet for my trading profits and also the another one is hardware wallet which is store most of my bitcoins and just keep it aside.

lol an exchange could run away anytime ,
just like cryptsy that scamming people who store thousands bitcoin there ,
paper wallet is the most secure wallet to store your bitcoin ,
noone can get access to the wallet but you!

[Cryptopher]

I'm keeping my bitcoin right now through a web wallet but I don't store it on a single place.

I'm splitting my funds from many web wallets so if ever one of them is going to collapse or does have a plan to runaway.

Then I won't be losing all of my funds.

Instead of having a third party that controls your precious coins, why don't you just split your coins into several paper wallets? If you do it properly, then you'll be the sole owner of everything. Right now you expose yourself to unnecessary risks that can easily be avoided by storing your coins offline. Ok, you lose the convenience that online wallet services may offer you, but you gain a total form of security over your coins.

Yeah, convenience vs risk is a fair balance to strive for if you require it.

Long term hodlers should obviously target offline means, while traders may want to keep some funds on the exchange. I fall into the latter - risky!

[Smoxer]

well i keep most of my money on a disk on key, with backups ofcourse, some on online wallets and some connected to a visa card