How do you keep your bitcoins?

[jossiel]

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.

I know the risk on what I'm doing and I am very aware about it but with this way I find it more convenient to do so.

And I'm choosing only those web wallets that are trusted by most of us and I believe on those web wallets.

Maybe next time I'm going to secure some of it with paper wallets and will do saving some of it through offline wallets.

Right now I'm satisfied this way.

[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.

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.

Yes! we should pretty well have confidence with the wallet that we are putting our bitcoin because bitcoin wallets are just mare site that created by certain people we might not know what are they trying to think right now but that is their reputation we are talking about when they done something just like that! but just try to be sure that you are using a wallet that can be trusted.

[pinkpanther03]

I keep my bitcoin through online wallets, actually in different addresses such as electrum, multibit hd, bitcoin core, meycelium, and bitcoin and others are from exchange bitcoin wallets. But I'm a bit curious about in offline wallet, I want to try that one, can anyone could give some  assistance about it. thanks

[doomistake]

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

[webtricks]

I keep my bitcoin through online wallets, actually in different addresses such as electrum, multibit hd, bitcoin core, meycelium, and bitcoin and others are from exchange bitcoin wallets. But I'm a bit curious about in offline wallet, I want to try that one, can anyone could give some  assistance about it. thanks

When one says offline, it means cold storage. So once kept in offline wallet you can't use it regularly like one does on these web wallets. Offline wallets are generally for those who wanna keep Bitcoin as investment like for speculative mean. Whereas for regular inflow and outflow users I suggest wallets giving private keys to users like Mycelium, one of my favourite and you use too!

[izanagi narukami]

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

Whenever you decide to keep your bitcoin, let just pray that internet will keep exist forever since bitcoin can't be operated once internet was down.
For me personally, I'm usually sell my bitcoin every month so if bitcoin one can't be use for trading anymore, at least I can enjoy my past attempt to sold some of my bits

[bamboylee]

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

Well probably choose the most reputable wallet in your country. For example here in the Philippines, I found it convenient to store my Bitcoins in Coins.ph. Or, you can make your own hardware wallet, or a paper wallet at least. I highly suggest not to put it in exchanger sites, you cannot guarantee that will not run in a long period of time.

Online wallets are not safe either, even if you trust coins.ph, it is better not to store large amount of bitcoin in there. And you do not hold the private keys in coins.ph, so you actually do not have control over your bitcoins if they decided to become scam. Since you are investing for long term, hardware wallet will be the best option.

[majeed]

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

Whenever you decide to keep your bitcoin, let just pray that internet will keep exist forever since bitcoin can't be operated once internet was down.
For me personally, I'm usually sell my bitcoin every month so if bitcoin one can't be use for trading anymore, at least I can enjoy my past attempt to sold some of my bits

LOL. I do agree to what you say. However, the internet can never be destroyed, it will keep developing no matter how the world change. Dont worry. Even if you can access the internet, It still exists. If all the machines die, the internet is still there, waiting for someone to reactivate it. We only need access by tools or gadgets

[germanybtc]

To be honest, I know even when my first introduced to Bitcoin that for perfect security I needed to install my own wallet so I could control private keys and such. But on one concern of mine was how I always lost my passwords, what more private keys. Another was my balance is so small (less $10 usd) so I felt it was okay for a web wallet, which I still continue using.

[anasis]

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

Whenever you decide to keep your bitcoin, let just pray that internet will keep exist forever since bitcoin can't be operated once internet was down.
For me personally, I'm usually sell my bitcoin every month so if bitcoin one can't be use for trading anymore, at least I can enjoy my past attempt to sold some of my bits

LOL. I do agree to what you say. However, the internet can never be destroyed, it will keep developing no matter how the world change. Dont worry. Even if you can access the internet, It still exists. If all the machines die, the internet is still there, waiting for someone to reactivate it. We only need access by tools or gadgets

Yes, the Internet now will never disappear from our lives. And it's very good and convenient.
I keep my bitcoins in the purse blockchain.info. I believe that this type of storage provides me with security and reliability

[timerland]

I have always thought that there are many different ways in which I can pretty safely store my bitcoins, however i have chosen only few type of wallets for an everyday use.
I really like the idea of the paper wallets,and this is probably why do i have some of my BTC stored on it, and it is hidden in the safe place, but it was encrypted obviously.

I also use desktop wallet for transactions which im doing usually, like for investing purposes or payment needs.

You should always choose the type of wallet that fits you the best.

[BisonPoint]

Paper wallet definitely!

But this is how I do it:
- First, I encrypt my private key (I am using AES256 at the moment – but I am working on my private cypher that will be using 512bit key)
- I generate random password for encryption, which I store in safe place (other than paper wallet obviously)
- I convert this to QR and print on sheet of paper along with BTC address
- I never put more than 10 BTC in single address
- To generate BTC address, I use random.org for generating random bit-sequence, and convert it off-line to address using this tool https://github.com/casascius/Bitcoin-Address-Utility

[7788bitcoin]

I am using vanitygen offline to generate bitcoin address with the prefix I like, and print out using offline printer. Although there is no QR code, I am happy with the level of security.

[xcajun21]

I keep them on the exchange and rarely move them in a personal wallet. Of course moving bitcoin sometimes takes longer then expected and when I convert to eth I lose trust and move back to btc.

Paper wallet definitely!

But this is how I do it:
- First, I encrypt my private key (I am using AES256 at the moment – but I am working on my private cypher that will be using 512bit key)
- I generate random password for encryption, which I store in safe place (other than paper wallet obviously)
- I convert this to QR and print on sheet of paper along with BTC address
- I never put more than 10 BTC in single address
- To generate BTC address, I use random.org for generating random bit-sequence, and convert it off-line to address using this tool https://github.com/casascius/Bitcoin-Address-Utility

What you mean by encryption of private key? like making a rar file then making the password

[Celsiuss]

I store all of them in my Blockchain.info wallet, I don't have a lot of bitcoins though. Even if I decide to invest or get more money, I doubt I'll switch since I trust blockchain.info. The only downside I can see is if the site goes down.

[poplolnman]

I keep them on the exchange and rarely move them in a personal wallet. Of course moving bitcoin sometimes takes longer then expected and when I convert to eth I lose trust and move back to btc.

Paper wallet definitely!

But this is how I do it:
- First, I encrypt my private key (I am using AES256 at the moment – but I am working on my private cypher that will be using 512bit key)
- I generate random password for encryption, which I store in safe place (other than paper wallet obviously)
- I convert this to QR and print on sheet of paper along with BTC address
- I never put more than 10 BTC in single address
- To generate BTC address, I use random.org for generating random bit-sequence, and convert it off-line to address using this tool https://github.com/casascius/Bitcoin-Address-Utility

What you mean by encryption of private key? like making a rar file then making the password

never be a good idea to put the whole bitcoin you have on a third party wallet, especially when you have a plan to keep it for long term, better to use a paper wallet it's free from hacking and i can say it's 99 times better than store it on an exchange. ENCRYPTION : the process of encoding a message or information in such a way that only authorized parties can access it , so basically you are protecting your private key by set some keywords/password before you can access it.

[Kamarah]

I keep it in my coinbase wallet. People say that coinbase is untrustworthy but who care. I feel safe with that kind of that wallet. People should try to use it either. I trust coinbase.

[concept2]

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange

Damn it. You are fucking crazy man. No one ever trust exchanger like you. Bifinex, mtgox, etc. Do you remember those? many people have lost their money in those trading platform. I will never put my money there

[kikeda]

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange

Damn it. You are fucking crazy man. No one ever trust exchanger like you. Bifinex, mtgox, etc. Do you remember those? many people have lost their money in those trading platform. I will never put my money there

That's the right thing to do never put your bitcoins on trading sites as there is always an fear of loosing your bitcoins to hackers so the best and safe place to store your bitcoins is either in offline or hardware wallet.

[loges]

I have saved all my bitcoins in electrum wallet as I think its the best wallet to have with great security and safety measure the only thing we need to take care is that we have saved the seed at proper place so if anything goes wrong it will be easy to recover bitcoins.