How do you keep your bitcoins?

[Lorence.xD]

In able to keep your bitcoin you can use coins.ph as a wallet for your bitcoin.You canalso use the poloniex it is an online money trading where you can invest your bitcoin,you can also sell and buy bitcoin that will enable your bitcoin to grow.

[TomUyamot]

I have a very small amount in my wallet. I have yet to own a significant amount of BTC though. I am currently planning to convert some peso fiat into BTC and try to practice crypto trading. Cryptos right now seem to grow in value real quick.

[Meraki]

I usually keep my bitcoin at coins.ph wallet here in the philippines because thats the fastest way to convert bitcoin to fiat money then coins.ph can be use also to pay water or electric bills. It can also be use to load my phone thus coins.ph is so good wallet to use.

[Cosbycoin]

The best way to store your crypto is in a hardware wallet. I really recommend the Trezor, I recently got one and the peace of mind it brings is worth every satoshi I paid for it.

i think bitcoin hardware is quietly good, and interesting . i dont even try it before but my friends told me that , that could be good and nice. many people are using it now and they want it because they can use them or they can see it even it is offline as far as i know if im not mistaken, but for me even an online wallet is good as long as you have a security options on it.

I am planning to buy it too.
Anyone wondering what a trezor is ? Well, check here : https://trezor.io
But that said, the best and most safe way as far as I am concerned is by printing the private key on a paper and then just store as much a you can, no risk, nothing !

[endaiin]

I deposited all my bitcoin to trading platform.
I have no plan to keep it to local or hardware wallet.

[Jeezy911]

I have 5 different USB drives with Wallet files locked in a safe. I keep my public addresses to those files on a spreadsheet on my computer. Probably a better way, but thats just how I do it and am comfortable with this method.

[Mpamaegbu]

I have 5 different USB drives with Wallet files locked in a safe. I keep my public addresses to those files on a spreadsheet on my computer. Probably a better way, but thats just how I do it and am comfortable with this method.

And how sure are you that the coins actually get sent and received in your already stored and tucked to safety wallets bearing in mind that lately some Bitcoin transactions don't get confirmed? I will like to know if there's another way of knowing this apart from the blockchain info.

[Devboy]

Of course, my choice those bitcoin wallets which have strong security option, have private keys enable feature. As I know it is very important to secure and back up my bitcoin wallet. Here, cold storage is considered one of the best wallet.

[Cheddy]

I didn't see anyone think of a way that would resist:


THE WORST THAT CAN HAPPEN

Computer Technology Corruption such as online or hardware hacks that destroy or are watching your key/s when you are transacting are a threat.  Another possibility I find in my research is that there could be an EMP bomb over the skies that fries all electronics, there are solar flares all of the time, and one could randomly hit earth frying all electronics.  There are bad government actors that can access the cell and wireless towers which could be turned up to fry electronics.  Wars are a common threat in civilization now and throughout history because of the depraved getting rich quick by hoarding all of the money information, laws, deeds, beliefs, rules, disinformation, and political/corporate/bank/government/cult/pseudoscience deception.  Blochchains are meant to prevent those things simply by keep records straight and balanced truthfully, but the above threats still loom more than ever in these days of unconventional warfare or science wars which use all forms of phenomena in massive, elusive ways without using a single gun or bomb like before. 

Also you can break computers.  They can be stolen.  They can be lost or whatever.  People lose their things.  That's the fact.

Essentially your bank is your computer, someone else's computer, and it is electricity and a combination of data for the most part.  That means that you have to make sure that it is never able to be compromised by any elements including others, yours errors, or elements otherwise.  If you lose a little money, hey, everyone does that.  I've lost twenties, change, and a few hundred dollars once.  I literally through my work checks in the demolition heap at a job site with my lunch garbage when I was 19. 


PAPER WALLETS

I know people want to store on paper.  The paper wallet trick.  It's a good idea, but paper and ink disintegrate most easily.  You can also lose it by dropping it, whatever it is in gets stolen, or you forget where you put it, or you move, or you anything, and it's left behind etc etc etc. 


METAL WALLETS OR METAL KEYS

I suggest what is better than paper for long termers that are hardcore preppers or you know who you are...engrave the keys into metal.  You could just scratch it on metal where there is no one that will ever do anything anyway which is always covered up and it's not possible anyone will look there.  It could be a shed, a building, in a wall, on pipes under sinks, in the attic, in the basement works, in the utility room works, pull the washer and dryer out or something tack it on there, pull a panel off of the car, weld it onto big rig equipment machinery or metal supplies or tools or something like that or a beam inside of a building etc.

You can take a little dremel with a cord or with a battery or some kind of drill like that, and just go carve it in the metal, rock, or whatever.  These tools and the supplies are cheap on ebay, craigslist, etc etc etc.

Things can happen though.  Cars can be pulled away.  Cars can be stolen and wrecked.  The house can burn down, and the washer and dryer or whatever could be so badly warped that the scratch on engraving and even drill engraving would be unrecognizable if it's even accessible in the first place before the bulldozers come push up the junk, and haul it all away.  If it was in the basement or something like that, a burnt house would cave right into that hole you call a basement.  Good luck getting it out of that. 

Scratch on a piece of metal may wear away over time like say a decade or multiple decades. 

Perhaps getting a grouter and carving out of the most inconspicuous place on a concrete foundation or something like that would work. 

Perhaps having keys engraved in metal strips by an engraving machine, and then bury the keys where you can't forget.  Use significant landmarks which can't be bulldozed over or lost to mudslides, flood erosion etc.  Think ahead, and think what the world does.  If it can do it, it probably will happen to it.  Just think like that.  You are number one with a bullet.  That lifetime of yours and that key could mean everything someday, so think about it hard.  Think about it again.  Think about another time.  And think about it again.  I used to be an arborist that climbed and rigged all of the trees.  Always quadruple checking the bites I was hanging on and what the tree sections etc were hanging on just wasn't questionable because my life, the fellas below my rigging, and the power lines, cars, houses etc below...........  Nothing can beat you except for yourself in these cases. 

If you go the engraving route, look for one that you can engrave yourself.  I know that there are places that let people do there own.  Search around for the maker workshops or even machinist shops, and drop them some cash to use it.  Perhaps even pick up something cheap from ebay or craigslist etc to engrave, and pick up many pieces of metal.  Just metal striplets can be as many of the same keys or duplicate keys as you want and ever need for each kind of coin that you are banking. 

Consider access to water, and consider access to salt water especially.  Rain and sprinklers will rust, and salt water rusts almost instantly in terms of a few years. 



STONE WALLETS

YOU MAY LIKE STONE.  YOU CAN ACCESS FINE STONE SLICES CHEAPLY, AND ENGRAVE ON THOSE.  START SEARCHING ONLINE OR ELSEWHERE.  ENGRAVE DEEP ENOUGH THAT NOTHING'S GOING TO WEAR OFF THE CHARACTERS.  NO WEATHER, SPRINKLERS OR ANYTHING WILL GET THEM UNLESS THE LAND IS WASHED AWAY OR BULLDOZED AWAY BY PEOPLE BUYING UP REAL ESTATE OR BUILDING THINGS. 

[JL421]

Keeping in exchanges is surely risky but the worst place to ever store yout bitcoins is on paxful. I had 2fa , ip lock and everything they had told me to do still somehow their site someone logged in to my account and withdrew 0.05 btc. Keeping on computer or online wallet is risky. Just google cold storage that is the sagest way to keep your bitcoins

[richardsNY]

And how sure are you that the coins actually get sent and received in your already stored and tucked to safety wallets bearing in mind that lately some Bitcoin transactions don't get confirmed? I will like to know if there's another way of knowing this apart from the blockchain info.

If you're making use of a reputable service to buy your coins from, they will very likely include a decent enough fee that will grant you a sub 5 block confirmation. Thus far almost every withdrawal to my own cold wallets have resulted in sub 2 block confirmations. Concerning your other question -- if everything is stored in a safe, then there is not much to do other than to regularly check your address through various explorer sites. Is that a problem?

[Phyton76]

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

Storing your bitcoin in a trading site was a good idea but you can also use bitcoin wallet in storing them and at the same time you can use bitcoin to buy thing in some stores. But make sure that your trading site or bitcoin wallet is a trusted site so there will be no problem.

[juliwanzer]

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

Storing your bitcoin in a trading site was a good idea but you can also use bitcoin wallet in storing them and at the same time you can use bitcoin to buy thing in some stores. But make sure that your trading site or bitcoin wallet is a trusted site so there will be no problem.

yeah the worst thing if the trading site is scam
your bitcoin will instantly gone
so put in the trusted trading site to take safe way

[DoublerHunter]

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

Storing your bitcoin in a trading site was a good idea but you can also use bitcoin wallet in storing them and at the same time you can use bitcoin to buy thing in some stores. But make sure that your trading site or bitcoin wallet is a trusted site so there will be no problem.

yeah the worst thing if the trading site is scam
your bitcoin will instantly gone
so put in the trusted trading site to take safe way

That is the misunderstanding of most of the people because they put their bitcoin on trading site because in overall, trading sites are not trusted to keep our bitcoin because they are prone to hacks which can stole our bitcoin and just lose it. We ca store our bitcoins in a desktop wallet or hardware wallet (based on what you prefer) because they are both good to store bitcoin as long as you know how to maximize your security.

[chaser15]

That is the misunderstanding of most of the people because they put their bitcoin on trading site because in overall, trading sites are not trusted to keep our bitcoin because they are prone to hacks which can stole our bitcoin and just lose it. We ca store our bitcoins in a desktop wallet or hardware wallet (based on what you prefer) because they are both good to store bitcoin as long as you know how to maximize your security.

For a hard trader that plays lots of quantity of coins every trades, putting it on a wallet will just result for missed opportunities especially when there is a price increase that is happening. That's why as you can saw at the trading site's sell history, you can see some of them really spending lots to buy bitcoins which average bitcoin users can't reached.

This is a battle of honesty. Once you put your coins on a trading site, you need to trust them. If you don't want to do traders anymore then that's the time you will leave the trading and store now your coins to the most recommended one.

[endaiin]

I always have 3 backup of my wallet and login ID.

[Mikellev]

If you're really talking about having that much Bitcoin, I would suggest having a look at a hardware wallet.  These are essentially separate mini-computers which cannot be infected with malware as they do not transfer private keys with other computers to transfer.  I don't have that much of an understanding since I don't have enough Bitcoin to bother, but you could read up on TREZOR, which I know is a pretty prominent one.  If you're not too concerned about malware you could have an offline wallet which would be 99.999% safe anyway.  Definitely wouldn't keep them online though because once you're hacked you're screwed.

[affandi]

Keeping in exchanges is surely risky but the worst place to ever store yout bitcoins is on paxful. I had 2fa , ip lock and everything they had told me to do still somehow their site someone logged in to my account and withdrew 0.05 btc. Keeping on computer or online wallet is risky. Just google cold storage that is the sagest way to keep your bitcoins

Is it possible that people who have taken bitcoin from your account already know your private key ?? I get this experience from my friend, bitcoinnya often suddenly disappeared when never did any transaction. After investigation, my friend once shared a private key from his wallet

[Haxor321]

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.

Indeed. I keep my bitcoin in online wallet because I think my bitcoin is totally safe and secure. In addition to that, by using online wallet you can your bills easily and you can transfer money instantly. However, there are still people who use the offline wallet or hardware wallet that you need to install in your computer.

[TitanGEL]

I'm storing it on my online wallet. I know it is safe and it is not near in the danger. Storing is effective way to increase your btc. It also considered as investment if you store your bitcoin in your wallet.