How do you keep your bitcoins?

[slaman29]

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.

[AicecreaME]

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

The best way to store bitcoins is with hardware wallet and you can easily download it. And of course for backing up just make sure you got a proper storage of that wallet so that whenever you want to get it, you can have it easily. Online wallets are risky but if you do trust them go for it, just make sure you are aware of what can happen to them anytime.

Also because it is more safer than the online wallet, because the online wallet is so vulnerable to hacker because of the internet, and we all know that everything is possible in our technology nowadays, and compare to the hardware wallet, hackers needs to get your wallet physically, for them to hack your wallet and it's much pretty reassuring because there is a lot of hackers that wants money, that is why we have to be more extra careful about our bitcoins.

[DoublerHunter]

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

The best way to store bitcoins is with hardware wallet and you can easily download it. And of course for backing up just make sure you got a proper storage of that wallet so that whenever you want to get it, you can have it easily. Online wallets are risky but if you do trust them go for it, just make sure you are aware of what can happen to them anytime.

Also because it is more safer than the online wallet, because the online wallet is so vulnerable to hacker because of the internet, and we all know that everything is possible in our technology nowadays, and compare to the hardware wallet, hackers needs to get your wallet physically, for them to hack your wallet and it's much pretty reassuring because there is a lot of hackers that wants money, that is why we have to be more extra careful about our bitcoins.

I don't think that online wallet are risky because if you know how to manage your online account and you know how to secure your account then there is nothing to worry about. Just use a strong password and a separate email with strong password also and don't forget to turn on the 2 factor authentication in the website so you will be more secure.

[CODE200]

Well i use an online wallet to keep all of my bitcoims because some says that it's much safer to store your bitcoin in a online wallet but some people says that each much safer to store in an offline wallet. I still don't know what is the difference of using online wallet from offline wallet and which is much safer ?

[bitart]

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

The best way to store bitcoins is with hardware wallet and you can easily download it. And of course for backing up just make sure you got a proper storage of that wallet so that whenever you want to get it, you can have it easily. Online wallets are risky but if you do trust them go for it, just make sure you are aware of what can happen to them anytime.

Also because it is more safer than the online wallet, because the online wallet is so vulnerable to hacker because of the internet, and we all know that everything is possible in our technology nowadays, and compare to the hardware wallet, hackers needs to get your wallet physically, for them to hack your wallet and it's much pretty reassuring because there is a lot of hackers that wants money, that is why we have to be more extra careful about our bitcoins.

I don't think that online wallet are risky because if you know how to manage your online account and you know how to secure your account then there is nothing to worry about. Just use a strong password and a separate email with strong password also and don't forget to turn on the 2 factor authentication in the website so you will be more secure.

You're right about the importance of the strong password and the 2FA and etc, the problem is not the hackers. The real risk is:
Just imagine, that you have your hard earned 2-3 or even more BTCs in your web wallet (means you have an account at a wallet service provider's website, and you don't have the private key, just an account, this is an online wallet). If the wallet provider goes down (closes the site, goes bankrupcy, etc.) then you will lose your BTCs.
If you have a hardware wallet or an offline wallet on your PC or laptop, you are in control of your private key (recovery seed, or any other backup method), so you don't depend on an untrustable party.
Web wallets are comfortable but risky, offline and hardware wallets are more secure but less comfortable.

[PeRo]

I keep my Bitcoins in the classic Bitcoin wallet for android phones. I would not trust my Bitcoins to online wallets and exchange sites, I could risk losing big amounts of money. I do not want to use web wallets even for my small amounts, so I use phone wallet, its small, safe and reliable.

[BCTBF]

I just keep it in wallet sites, and partly stored on gambling sites that have trusted.
Just as simple as that I keep my bitcoin.

[btcjoin14]

I just keep it in wallet sites, and partly stored on gambling sites that have trusted.
Just as simple as that I keep my bitcoin.

Smart, most of the new people that use Bitcoin online have an online Bitcoin Wallet and use really weak security with it. Bitcoin Wallets that are online is pretty good if you have less than 1 Bitcoin or even less than that because those online wallets have certain amounts of fees that allow for faster transaction confirmations.
Having a Bitcoin Wallet that is offline is very important if someone is trying to hold Bitcoin to spend later.

[FlightyPouch]

I keep my Bitcoins in the classic Bitcoin wallet for android phones. I would not trust my Bitcoins to online wallets and exchange sites, I could risk losing big amounts of money. I do not want to use web wallets even for my small amounts, so I use phone wallet, its small, safe and reliable.

I am confused because I am using an application on my phone, what is the difference between these bitcoin wallet for android and the online wallet that is for me, is just the same. As an application developer I want my users to be satisfied with my program, so if they all have an android, why not make my program or an apk so users can use my program in their android. That is the idea, you can still access the bitcoin wallet for android on their sites.

[BigBall]

I keep my bitcoin in coinbase,coinpayments and I keep it in blockhain because I invest in many investment sites and every is asking for different payment wallet and because some have less fess than other wallets.

[FasTroy]

I keep my bitcoin in coinbase,coinpayments and I keep it in blockhain because I invest in many investment sites and every is asking for different payment wallet and because some have less fess than other wallets.

It is really good, but i never used coinbase like a web wallet. Nowadays I keep a high percent of my weekly earning in my xapo account. I like so much xapo because it's simple to use and secure, and the best thing is when i send some btc, i don't pay fees, xapo pay it for me. It's really a good wallet. Also I used my blockchain account to save a low part of my earning as a top secure wallet.

[Haladay]

Create a unique bitcoin adress.
Don't share you private adress with anyone.
Setup a phrase for private adress.
Print out a paper wallet.
Keep that wallet in safe.
Make sure that nobody is able to reach and see your private key.
That's all! You don't need any shinny bitcoin hardware wallet.

[Pattart]

Create a unique bitcoin adress.
Don't share you private adress with anyone.
Setup a phrase for private adress.
Print out a paper wallet.
Keep that wallet in safe.
Make sure that nobody is able to reach and see your private key.
That's all! You don't need any shinny bitcoin hardware wallet.

I think users want something flexible. paper wallet will be a little tricky to use, it might be nice to use paper wallet if you're already committed to keep bitcoin in a long time

[batang_bitcoin]

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

The best way to store bitcoins is with hardware wallet and you can easily download it. And of course for backing up just make sure you got a proper storage of that wallet so that whenever you want to get it, you can have it easily. Online wallets are risky but if you do trust them go for it, just make sure you are aware of what can happen to them anytime.

Also because it is more safer than the online wallet, because the online wallet is so vulnerable to hacker because of the internet, and we all know that everything is possible in our technology nowadays, and compare to the hardware wallet, hackers needs to get your wallet physically, for them to hack your wallet and it's much pretty reassuring because there is a lot of hackers that wants money, that is why we have to be more extra careful about our bitcoins.

Unless that online wallet provider is being trusted and has been running for a lot of years then no doubt that it is going to give you security. But as their security is upgrading, those intruders will keep on upgrading too but if they really can't breached that site they will just find another that has low security. Still it's your choice if you want to keep it there.

[darkangel11]

Create a unique bitcoin adress.
Don't share you private adress with anyone.
Setup a phrase for private adress.
Print out a paper wallet.
Keep that wallet in safe.
Make sure that nobody is able to reach and see your private key.
That's all! You don't need any shinny bitcoin hardware wallet.

I think users want something flexible. paper wallet will be a little tricky to use, it might be nice to use paper wallet if you're already committed to keep bitcoin in a long time

I bet less than 1% of bitcoiners still use paper wallets. Many people don't care about security at, all and they keep all their coins on a single wallet, on their main computer that they're using every day to watch movies and download programs. Many people even keep their money on exchanges even though there were so many warnings not to do it and at least as many thefts.
IMO, a dedicated offline device like a netbook, bought for the sole purpose of holding your wallet is the best idea. It offers a decent level of security, easy and quick access, and is small enough to carry with you.

[Haladay]

Create a unique bitcoin adress.
Don't share you private adress with anyone.
Setup a phrase for private adress.
Print out a paper wallet.
Keep that wallet in safe.
Make sure that nobody is able to reach and see your private key.
That's all! You don't need any shinny bitcoin hardware wallet.

I think users want something flexible. paper wallet will be a little tricky to use, it might be nice to use paper wallet if you're already committed to keep bitcoin in a long time

Oh come on, there is nothing tricky with paper wallet. It's simple and secure. For a beginner, there is nothing easier than online wallets such as Coinbase and Blockchain.info for sure. Yet If you wanna make sure your bitcoins are in secure, the paper wallet method is out there for you!

[karmakeddon]

I still keep my bitcoins in a mobile wallet that is installed in one of my phones which i rarely connect to the internet. I also took out the simcard of that phone so it doesnt even have a network. Plus, its small enough that I could carry it wherever I go.

[BeGoods]

I still keep my bitcoins in a mobile wallet that is installed in one of my phones which i rarely connect to the internet. I also took out the simcard of that phone so it doesnt even have a network. Plus, its small enough that I could carry it wherever I go.

I'm not concerned about flexibility because it would be very simple and flexible. I want to ask how security in their own mobile phone wallet because there must be a friend who might borrow your phone, or it could have lost your cell phone?

[karmakeddon]

I still keep my bitcoins in a mobile wallet that is installed in one of my phones which i rarely connect to the internet. I also took out the simcard of that phone so it doesnt even have a network. Plus, its small enough that I could carry it wherever I go.

I'm not concerned about flexibility because it would be very simple and flexible. I want to ask how security in their own mobile phone wallet because there must be a friend who might borrow your phone, or it could have lost your cell phone?

It is a secondary phone..No network..Wifi disabled..If a friend wants to borrow my phone, I lend them the phone without the wallet..The phone with the wallet never leaves my pocket. And for sure im not going to lose that phone, since like I said, it never leaves my pocket.

[DoublerHunter]

Create a unique bitcoin adress.
Don't share you private adress with anyone.
Setup a phrase for private adress.
Print out a paper wallet.
Keep that wallet in safe.
Make sure that nobody is able to reach and see your private key.
That's all! You don't need any shinny bitcoin hardware wallet.

I think users want something flexible. paper wallet will be a little tricky to use, it might be nice to use paper wallet if you're already committed to keep bitcoin in a long time

Oh come on, there is nothing tricky with paper wallet. It's simple and secure. For a beginner, there is nothing easier than online wallets such as Coinbase and Blockchain.info for sure. Yet If you wanna make sure your bitcoins are in secure, the paper wallet method is out there for you!

Blockchain.info online wallet will do the rest of the work for you because it is designed for people who want hot wallet for doing transaction which is very fast in receiving bitcoins because it is the main network and it doesn't need a confirmation just to reflect to your wallet because it just need a record in blockchain and once it is shows then you already got the bitcoin.

Paper wallet is designed for people who wants an affordable wallet and it is one of the most secured wallet because it doesn't need internet to receive bitcoins and it is safe from hackers but your worst enemies are water and fire.