leyton11
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June 13, 2017, 03:19:09 PM |
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I use Electrum Wallet for keep my Bitcoin, this is a good wallet it very light and security, you can get Private key and not need time or space for sync Blockchain Bitcoin. But I think if have more than ~10 BTC, I will buy Ledger Nano S for keep it
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ASHLIUSZ
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June 13, 2017, 03:24:00 PM |
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My holdings were in the online web wallet. It has provided with more and more user friendly features to enhance the usage access as well to have high security in the holdings. That too blockchain wallet is preferred because of the good development and continued updation.
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mzforfree
Newbie
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Activity: 42
Merit: 0
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June 13, 2017, 03:50:02 PM |
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i've heard localbitcoins.com is good for bitcoins because when some of their coins got hacked a few years ago they insured their holders their money back
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eye-con
Full Member
Offline
Activity: 449
Merit: 102
Binance #Smart World Global Token
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June 13, 2017, 04:03:01 PM |
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i just keep it in me, i mean on my online wallet. since i dont post any information about it online, or any sites im guaranteed that my investment was safe there. and i also put a 2fa or what we all called verification code since its really helpful in keeping your money safe. i used to be more secured on my wallet since the last time a hacker was about to get full access in my wallet and since then i always stay alert on that kind of situation.
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gentlem3n
Newbie
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Activity: 41
Merit: 0
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June 13, 2017, 04:05:55 PM |
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The safest method to keep BTC would definitely be Armory and it's offline mode, if you plan on using a PC and not using a hardware wallet, If you keep a wallet and use an offline PC then using it is easier. If you don't understand it though just a regular paper wallet generated is an offline computer is enough.
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tristan1960
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June 13, 2017, 04:12:21 PM |
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The portion for trading, in blockchain online wallet.
The portin for long term storage in paper wallet with phrase words. This is safe better.
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BitcoinBabbler
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June 13, 2017, 04:16:05 PM |
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I keep my coins in various different wallets just to be safe. I have accounts in Payeer, Coinbase And Blockchain. Blockchain is the best out of the three. Payeer is most versatile. All depends on the choice.
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Rifat989
Member
Offline
Activity: 93
Merit: 10
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June 13, 2017, 04:17:25 PM |
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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 bitcoin in coinbase wallet so it is safe.
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AleSergio
Sr. Member
Offline
Activity: 378
Merit: 250
BuyAnyLight - Blockchain LED Marketplace
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June 13, 2017, 05:23:25 PM |
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I keep my coins on different exchange websites like bittrex or kraken. It is easy, because you can just start to trade or exchange them for something. Quiet useful tho
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akar87
Sr. Member
Offline
Activity: 980
Merit: 250
$CYBERCASH METAVERSE
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June 13, 2017, 05:57:03 PM |
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Keeping it on trade wallet, because more pleasant way of generating bitcoin is trade. Sometimes, i use wallet blockchain when i am take break from trade.
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skorupi17
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June 13, 2017, 06:07:31 PM |
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If you are planning to hold your coins for a very long time then use a hardware/cold wallet or a paper wallet. I am sure that they are the best for this holding purposes. Though I do not have background about them since I haven't used them, I believe that they should fit your concerns.
Well I hold my bitcoin in a mobile wallet. It is a web/online wallet that is used mostly by Philippine Citizens and it is called coins.ph. My bitcoin is not so big so using this wallet is not troublesome to me. It has features that can help me cash out quickly so I cannot ask for more.
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webweave
Newbie
Offline
Activity: 16
Merit: 0
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June 13, 2017, 06:38:41 PM |
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Im holding my bitcoins for spending in the blockchain.info wallet and for long term holdings in bitcoin core wallet.
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canvan
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June 13, 2017, 06:41:24 PM |
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I keep all my coins on a few reputable exchanges. I am paranoid of getting hacked and losing my coins so I trust an exchanges security and 2FA far more than I trust my own technical incompetence. I know thats not the popular thing to do here though and I'm considering a hardware wallet too but again I'm not very technically competent.
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BitcoinPricingtool
Newbie
Offline
Activity: 34
Merit: 0
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June 13, 2017, 06:42:39 PM |
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Keeping a small amount (less than one bitcoin) in a paper wallet and a USB wallet (if either of these cold wallets is destroyed, I would have the other storage link) and wanting to hold them for long term, even until one of those 200,000 USD per bitcoin predictions comes into flourishing.
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CraigWrightBTC
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June 13, 2017, 06:50:40 PM |
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I am using an online service. Although knowing that it is not safe, I still accept because my bitcoin is very small .. after this there are more I would use a safer wallet.
Actually between online and offline wallet always there are risk losing bitcoins, you are right just invest with be ready to losing funds on there, we just needs management of risk investing in bitcoins some people said never put the eggs on one basket, so never put the coins on one of kinds wallet.
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ZoranGajic
Newbie
Offline
Activity: 29
Merit: 0
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June 13, 2017, 07:04:36 PM |
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I think there are several important points about long term storing of digital assets.
1. Never store bitcoins or other digital assets in online services.
2. Remember that HDD's can fail. Even if HDD's are not active in a computer still many things can happen to them. Same goes with SSD. So store your assets on different drives and keep them in safe places. It's not stupid to invest into a vault.
3. Print paper copies of wallets and store them in a bank vault or other safe places.
4. The most important thing of all is this. Keep it to yourself and don't talk about it. If you plan to invest a lot of money into digital assets then don't talk too much about it. People will talk, stuff will get around and you don't want any that kinda trouble.
If you had a large stash of cash money or gold ingots in your home, would you tell everyone about it? Same goes with crypto assets. The less people know about it, the better!
Think about it. A tiny USB flash drive can hold digital assets of enormous value. Millions or billions in USD if you want. Never before it was possible to carry so much money around on something so small. If I had a wallet worth millions... damn I would get paranoid :-/
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CrownPolly
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June 13, 2017, 07:15:22 PM |
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I think there are several important points about long term storing of digital assets.
1. Never store bitcoins or other digital assets in online services.
2. Remember that HDD's can fail. Even if HDD's are not active in a computer still many things can happen to them. Same goes with SSD. So store your assets on different drives and keep them in safe places. It's not stupid to invest into a vault.
3. Print paper copies of wallets and store them in a bank vault or other safe places.
4. The most important thing of all is this. Keep it to yourself and don't talk about it. If you plan to invest a lot of money into digital assets then don't talk too much about it. People will talk, stuff will get around and you don't want any that kinda trouble.
If you had a large stash of cash money or gold ingots in your home, would you tell everyone about it? Same goes with crypto assets. The less people know about it, the better!
Think about it. A tiny USB flash drive can hold digital assets of enormous value. Millions or billions in USD if you want. Never before it was possible to carry so much money around on something so small. If I had a wallet worth millions... damn I would get paranoid :-/
If honestly comma then I wrote down my Bitcoin on a USB flash drive, and keep them cold storage and without access to anyone from the network. I do not even go there to check them, so as not to violate the integrity and shell.
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mornabo
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June 15, 2017, 02:25:25 PM |
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I store my bitcoins in my electrum wallet in my PC.I have been using it for the past two years.Till now,i have not found any issues.We could set our transaction fee manually.There is no synchronizing problem in this wallet.
I also use the desktop wallet but its function is to saving bitcoin in the long run. One thing I do not like about desktop wallets like electrum is less flexibility. You can not use desktop wallets in various places like using online wallet
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Lalafell
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June 15, 2017, 02:55:18 PM |
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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 store my bitcoin in online wallet to keep it safe and secure. Having bitcoin wallet is nice because this a way to keep your bitcoin safe and no one will try to stealth it. However, keep your bitcoin in the safest way because some people are hacker and they want to get all bitcoin that you have. Online wallet is very effective when comes on safeness of bitcoin.
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nod
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June 15, 2017, 03:49:26 PM |
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I just simply send Bitcoin to my wallet and leave it there, I don't send Bitcoin to anywhere so that I can easily save my Bitcoin
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