How do you keep your bitcoins?

[radjie]

To this day I believe in storing bitcoin in my local wallet, even though the tax bill is higher than other bitcoin wallets, but the comfort and security I can feel in my local wallet is more convincing.

[thunderbitz2717]

I would not trust an online storage site or an exchange with a large amount of money. 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? Most people would say an offline paper wallet is the most secure. If you know that no one has the private key, then that probably is the most secure. You would need to make sure you keep the wallet address and private key where you can get to them but they are secure like in a safe deposit box or a safe.  As long as you do that, you should be fine.

Then the problem is what happens if you die and you want a beneficiary to have access to the coins. For this situation, you may need to leave instructions on what to do with the keys in a will or in the safe. I have heard of people keeping the public and private keys on a thumb drive, but I have heard that the data may not last forever on those, so a paper wallet is probably best.

I would like to agreed with your statement sir. You had a big point on this matter, it is really better if we prepare the person to whom we trusta about what we are doing here in bitcoin. So that all our effort that we stayed in this field of industry will not be turn into nothing of course.

[hangar18]

For me, I prefer to store all my coins in different places.
For example, 3-4 wallets, altcoin desks, and if possible invest in some projects.

By the way, I believe my money will be safe and by the time I will also get some profit from trading and investing.

Altcoin desks? What is altcoin desk? Do you mean it is hardwallet like Trazor or Ledger? And although you can earn profit from trading and invesment, if you cannot keep safe you money careful, your profit and funds will rob all in someday by hacker.

[kotajikikox]

yes i keep my bitcoin in my wallet as my savings in the future and i hope become double because i see that bitcoin keep increasing the price value almost everyday, so i hope before the of this year bitcoin goes up the price value until 5000$.

[ALI AKBAR]

i think  hardware  wallet is the best. it's costs quite expensive but there is not any fear to catch virus,which can steal coins.just do not loss your private key.no one can steal that.and it's download is so easy.so i keep my bitcoins in hardware wallet.

[Shimeka30]

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

So far I don't have enough knowledge about where to keep or place my bitcoin. In fact, I still don't know how to transfer it too, that's why more on reading on this forum for what I did most often. So it gives me more additional idea and knowledge in terms of bitcoin, trading, different wallet and others.

[Gandam23]

I would not trust an online storage site or an exchange with a large amount of money. 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? Most people would say an offline paper wallet is the most secure. If you know that no one has the private key, then that probably is the most secure. You would need to make sure you keep the wallet address and private key where you can get to them but they are secure like in a safe deposit box or a safe.  As long as you do that, you should be fine.

Then the problem is what happens if you die and you want a beneficiary to have access to the coins. For this situation, you may need to leave instructions on what to do with the keys in a will or in the safe. I have heard of people keeping the public and private keys on a thumb drive, but I have heard that the data may not last forever on those, so a paper wallet is probably best.

I just keep it in my wallet. And im not spending it in the things that is unneccesary to buy. So i save it in my wallet. Coins.ph is the wallet i am using. Im converting bitcoin to peso there. It can also help me to have something to get when im in the times of financial crisis.

[DaftAjax]

i think  hardware  wallet is the best. it's costs quite expensive but there is not any fear to catch virus,which can steal coins.just do not loss your private key.no one can steal that.and it's download is so easy.so i keep my bitcoins in hardware wallet.

I don't believe that viruses are the ones who steal your coins now is it. Its the hackers that are stealing them, the right term is that, 'the virus are the one who will destroy your coins'.

Well that's the main reason why people can hacked your account, its because they're also stealing you private key its the first and the must thing. I think you don't need fancy wallets and stuffs you just need to have more knowledge about the wallets and the awareness to it. Even if you know its that secure, trust only yourself.

[teamcryptonator]

To this day I believe in storing bitcoin in my local wallet, even though the tax bill is higher than other bitcoin wallets, but the comfort and security I can feel in my local wallet is more convincing.

Everything has its price, cheap and free always worse than spend small fees for keep your Bitcoin in long time. Store your Bitcoin in online wallet while the price of Bitcoin pump to the moon, I can sure you will met many problems for withdrawal your funds!

[newguy05]

Currently I am using online sites to store my bitcoin due to its small amount but if in the future I can have a chance to increase them then I should start transferring it to an offline wallet, I think it is the safest option to store them.

[Larva14]

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.

Actually, I keep my bitcoin on online wallet and its very easy to use. In addition to that, I use online wallet because I can use it to pay my bills and I can also transfer money. Using online wallet is one of the best way to keep your bitcoin but you can also use offline wallet because both of them has a private key that you need if you want to use or open your wallet.

[Lmaooo]

I saved my bitcoins online via Electrum wallet and sometimes using offline wallet called Trezor wallet for more security.

[Colt81]

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.

Well, there are lot of ways to keep your bitcoin. In addition to that, you can keep your bitcoin on online wallet and offline wallet. Using of wallet will help you to keep your bitcoin safe and secure. Lastly, both of them has private key that your'e the only one who knows it.

[cryptojeebus]

mine are all over the place unfortunately. I have some on the exchanges, and various ones at that. And some in a soft wallet.

[n0ne]

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.

Well, there are lot of ways to keep your bitcoin. In addition to that, you can keep your bitcoin on online wallet and offline wallet. Using of wallet will help you to keep your bitcoin safe and secure. Lastly, both of them has private key that your'e the only one who knows it.

Yes, there are lots of availabilities for holding bitcoin. The most used wallet service is the online wallet, and for long term holding offline or desktop wallets were preferred. For more security requirement it's good to enable most of the security features.

[Faith Joy]

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 bitcoins at coins.ph Coins.ph is an online application walket in where you can keep your bitcoin.With coins.ph your bitcoin will not be stagnant.Your bitcoin has the abilitybto increase through transactions that you do.

[Reid]

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 bitcoins at coins.ph Coins.ph is an online application walket in where you can keep your bitcoin.With coins.ph your bitcoin will not be stagnant.Your bitcoin has the abilitybto increase through transactions that you do.

That is a website wallet and you might want to be careful with that. With all the things that are happening specially with bitcoin price surging up like this it can be possible that something wrong might happen. Just be very careful and use those who can stay long and proven trustworthy. I know Coins.ph is trusted but it will be better to be safe. Why not just send the amount of bitcoin that you need when you are doing the withdrawal. Do not put it all there.

[s31joemhar]

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.

yeah i'm also in the blockchain I just keep my bitcoin if i have bitcoin
then i will not use on trading i will keep only on blockchain then after a few year
im sure bitcoin is very expense then i will sell it and take a profit

[Machine Funk]

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.

Well, there are lot of ways to keep your bitcoin. In addition to that, you can keep your bitcoin on online wallet and offline wallet. Using of wallet will help you to keep your bitcoin safe and secure. Lastly, both of them has private key that your'e the only one who knows it.

Just use electrum wallet. It's so awesome. You don't even need to sync because it does that online. The big difference here is electrum allows you to import a private key. A private key is the best way to stay secure and backup on my opinion and easiest too.

[Zagitta]

Currently in wallet. I used to hold them in online exchanger sites, but no more.