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Author Topic: How do you keep your bitcoins?  (Read 48735 times)
Soul Reaper
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March 17, 2017, 04:15:32 AM
 #101

I usually store my bitcoins in my block chain wallet.
If you want to store your bitcoins for 5-10 years,
I insist you to store them offline​ in your USB rather than putting them​ in some wallet.
I think that for long term storage offline is the best way.
Inkdatar
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March 17, 2017, 04:26:46 AM
 #102

When I learn bitcoin I always keep my bitcoin in an online wallet. If I earn already from a bitcoin investment, trading altcoins I keep my remaining bitcoin to online wallet and then I cashout the other btc to fiat for my daily expenses. I just save my remaining bitcoin into an online wallet,not all for security purposes.
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March 17, 2017, 05:01:24 AM
 #103

When I learn bitcoin I always keep my bitcoin in an online wallet. If I earn already from a bitcoin investment, trading altcoins I keep my remaining bitcoin to online wallet and then I cashout the other btc to fiat for my daily expenses. I just save my remaining bitcoin into an online wallet,not all for security purposes.
It is your own choice on actively spent some of your bitcoins and cash outing it to local fiat for your physical expenses which is really great and same as yours i do earn bitcoin for the very first time web wallets is the most common things that would be used because of its accesibility and convenience that it gives,

betlord90
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March 17, 2017, 05:54:19 AM
 #104

I keep my bitcoin on my wallet its safer to store it for a long time to gain more profit. Bitcoin makes it possible for me to get a lot of profit just by storing it because over the time its value will increase. You have to decide wisely where and how to keep your bitcoin in order for it to be prosperous.
Berns
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March 17, 2017, 10:08:59 AM
 #105

I keep my bitcoin on my wallet its safer to store it for a long time to gain more profit. Bitcoin makes it possible for me to get a lot of profit just by storing it because over the time its value will increase. You have to decide wisely where and how to keep your bitcoin in order for it to be prosperous.

I do not think that the success of bitcoin depends on the purse.
I store on the web purse. I'm not sure that's right. But I do not know how to store my bitcoins on my device.
bravehearth0319
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March 17, 2017, 10:15:58 AM
 #106

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 what I did now for storing my bitcoins was I used electrum wallet to keep all my bitcoin savings. I also have multibit wallet for bitcoin where all my expenses was stored here, and in every exchange site that I used all of it has a balance minimum 0.01BTC then the whole of 5  trading platform which I used I applied day trading.
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March 17, 2017, 01:13:59 PM
 #107

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
You got a point , if you would choose to keep you wallet the best wallet is an application wallet. An application wallet is very handy and it has very fast transaction. And you can even see the convertion of value of bitcoin so you will know what is the value of your bitcoin. Coin.ph is one of the best example of a good wallet because you can paybills,buyload or even make transactions. In buying and paying load you can earn because there is a rebate every transaction you made. You could also try an alternative or different wallet like blockchain you can have a back up wallet.
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March 17, 2017, 02:27:12 PM
 #108

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


Is this trading site that you have mentioned is legit? because it is hard to risk bitcoin by depositing it to a Trading site, especially if only few people are using it, might turn out to be a scam. I am only using an online wallet, and that is blockchain, and it is secured as long as you have the password and you didn't say it to anyone and you have the private key because it is the most important.

And I'm saving bitcoins by earning bitcoins in Signature Campaign that pays bitcoin per week or sometimes per month, depends on the campaign though.
BitcoinPC
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March 17, 2017, 02:56:49 PM
 #109

i am once in a week user of bitcoin that is hardly 1 or 2 times I had to open my wallet for checking transaction for payment of signature campaign and sometimes to send money to friends or whatever.

I guess storing in online wallet is so hard to trust some recommended to use offline but then for it is better if you going to invest it and you coin will grow with interest. I keep few coins in online wallet so as to use them often. For saving i prefer Electrum as it is good light weight wallet.
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March 17, 2017, 03:30:21 PM
 #110

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

You just need to put your bitcoin in the online wallet of blockchain official .
My second advice will be for you to not to invest all of your bitcoin at single trading site , my suggestion will be for the many  trading site to make trading more profitable and risk free ( or you can say at low risk)
Use most famous exchange for trading for example bitrex , Poloniex , yobit etc .
Since you can try another wallets like cex.Com c-cex like where the trading is very slow because the usere are in less numbers to make deals fastly .
Paid Piper
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March 17, 2017, 09:22:35 PM
 #111

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.
i think online wallet is also a good option you just need to distribute your bitcoin in different wallet if you want to make it more and more safe.
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March 17, 2017, 09:23:26 PM
 #112

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

You just need to put your bitcoin in the online wallet of blockchain official .
My second advice will be for you to not to invest all of your bitcoin at single trading site , my suggestion will be for the many  trading site to make trading more profitable and risk free ( or you can say at low risk)
Use most famous exchange for trading for example bitrex , Poloniex , yobit etc .
Since you can try another wallets like cex.Com c-cex like where the trading is very slow because the usere are in less numbers to make deals fastly .
I was advised to create another purse in order to store bitcoin so that no operations could be conducted through it, so that they knew less about it. In this way, you can avoid hacking.
Paid Piper
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March 17, 2017, 10:26:06 PM
 #113

When I learn bitcoin I always keep my bitcoin in an online wallet. If I earn already from a bitcoin investment, trading altcoins I keep my remaining bitcoin to online wallet and then I cashout the other btc to fiat for my daily expenses. I just save my remaining bitcoin into an online wallet,not all for security purposes.
yes to me i also use online wallet for saving my bitcoin although the disk top wallet are the best option to be use for saving bitcoin but still online wallet.
Jewell
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March 17, 2017, 11:52:20 PM
 #114

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.
to me i personally using online wallets and whenever the amount in my wallet increasing then i try to use multiple wallets instead of a single wallet.
artows21
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March 18, 2017, 08:22:24 AM
 #115

Some of my coins are in an online wallet just because I prefer using my phone to make transactions. I know that online wallets are not safe at all as they can get hacked anytime or the owner can run away and then you lose everything.
However I'm thinking that someone that can access my computer can also access my bitcoins and send money to his wallet, so I think it's still not safe.

Cold wallet is the only way I can ever make sure that my coins are safe so I save the majority of my coins using cold wallet. I think it's the safer way.
Playboi (OP)
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April 03, 2017, 04:56:17 PM
 #116

def going to look into these paper methods
jak3
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April 03, 2017, 05:12:05 PM
 #117

keeping any money at any online money or any crpto currency exchanges are very risky because of their security but we assume you know the facts and thats why you are finding the better solutions, well the only best solution nowdays is keeping a paper wallet or a fully sperate hardware wallet but the trasaction fees are also very tourchering. make a paper wallet and send your coins there
mhd japar siregar
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April 03, 2017, 05:14:48 PM
 #118

I just keep it in two places, and seperates based on its usage. for BTC that I use for everyday purposes, I kept Coinbase, because I feel that Coinbase have good security, and bitcoin for business in blockchain. Well, both of them using 2FA security system, so I felt it would be safe.
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April 03, 2017, 09:54:21 PM
 #119

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.

I agree offline cold wallets are the best and most proven to be safe from attacks so hopefully a lot of us are going to be safe from future attacks on our money if we j to them in cryptocurrency especially Bitcoin.
LEEMEEGO
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April 04, 2017, 05:48:13 AM
 #120

I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.

have you tried visiting their office since it is in your locality? if so, i think it will be easy to file a complaint once there is defrauding going on. i advice you try to visit there office it its near your place so you can be more assured to your local exchange. Smiley
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