blue_dragon
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Activity: 251
Merit: 100
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August 18, 2017, 02:12:41 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 mostly keep my Bitcoin in my online wallet so that I can handle and manage my Bitcoin anywhere and anytime. Hence, if you want to invest a big amount of money make sure you have a background and information about who are the people that involve in your investment.
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yadi cihuy
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Activity: 112
Merit: 10
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August 18, 2017, 02:42:27 PM |
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I save my bitcoin on my wallet online. Because I think it's easier I take it anywhere. If i need money and i forgot not to bring money .. maybe the solution is bitcoin .. just turn it into fiat money. But you should keep your wallet safe .. to avoid virus or hacker .. complete with 2fa code to login to your account
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TelolettOm
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August 18, 2017, 02:45:37 PM |
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Right now I am using offline wallet to keep my bitcoin safe. Since there is a BTC-e case I no longer trust the exchanger. It's better if you want to send a bitcoin to an exchanger instead of having to save it there
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calandra78
Copper Member
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Activity: 840
Merit: 114
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August 18, 2017, 04:42:40 PM |
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I kept my bitcoins at online wallet that I have, but temporarily within a week and I will cash out after. When I have the cash fiat in hand I would love to store it in my saving account at the bank for important and emergency purposes and the remaining btc balance, I’ve use it for loading my mobile phone number for consumption
What I do to keep my bitcoin with I keep letting or collect bitcoin I have fixed in the online wallet that I have IE blockchain and don't forget to always use the key to open it. and I will continue to collect it until I need it I will take it to meet my personal needs. and after the bitcoin accumulated then I will continue to check or monitor the integrity and security of my online wallet to avoid some of the problems commonly occur.
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cubevtc
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August 18, 2017, 04:48:32 PM |
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me keep bitcoin in site poker where i play every days and withdraw easy in 2 hour when i need money
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btc78
Full Member
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Activity: 2534
Merit: 215
Eloncoin.org - Mars, here we come!
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August 18, 2017, 04:55:59 PM |
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Electrum wallet the best so far. Its easy to use and friendly and you can adjust the fees. I also have a account on an exchange just in case I want to convert my bitcoin to fiat. Bitcoin core is also good place to sit your bitcoin but it will take some time to sync, that's why I prefer Electrum because its lightweight and you can keep your seeds and private keys.
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pat4cryptoreal
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August 18, 2017, 06:15:23 PM |
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I keep mine in blockchain.info and send some to a reputable exchanger in case I want to trade. I advice everyone to make sure you do not access your wallet with people computer or public computer centre and also have i very strong password and authenticator.
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wellsontheja
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August 24, 2017, 07:22:45 AM |
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Use offline wallet and never share your bitcoin private key is the best way i think but for online wallet i recomend you to use blockchain and don't use exchanger wallet
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0t3p0t
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August 24, 2017, 08:11:56 AM |
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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 am keeping my Bitcoins in coinomi wallet and I also invested small ammount into altcoins just in case. All my earnings will be transfered into it since it has private keys for my funds safety. I just hold it until the time I need it most. Bitcoin is my only source of income that's why it is advisable for me to hold for it to have bigger profit. Some other guys here withdraw all their Bitcoins right away just to buy things like gadgets, online game loads, cellular loads, food, personal needs et cetera. But yeah it really depends on how we keep our Bitcoins either we put it in paper wallets, hardware wallets, online wallets or in an offline wallets.
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sofi@
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August 24, 2017, 08:22:01 AM |
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Actually my coins are kept in an on-line wallet but I don't put them in one wallet just in case it get hacked I will not lost everything but for my suggestion better have your offline wallet that's the best way to keep them safe, investing in altcoins is also good provided that you will not put everything on it, you better divide your coins and put them in different investment.
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ramsdaj28
Sr. Member
Offline
Activity: 420
Merit: 256
اللعنة
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August 24, 2017, 08:35:18 AM |
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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
There are a lot of available bitcoin wallets out there, be it for local (like coins.ph which I am using) and for general (like blockchain and xapo wallet). If you want to secure your bitcoins, create your wallet to any of those, and don't forget to create a 2FA for your wallet. Whenever I earn satoshis from game sites and other source of earning, I immediately withdraw it and put it to my wallet, then I encash it through remittance centers for more assured transaction.
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dreamer81
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August 24, 2017, 08:42:13 AM |
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all my bitcoins are safely stored in cold storage. My backup system is very thorough, but insanely secure.
Even if the house burns down I can get access to my bitcoins.
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SirSar
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August 24, 2017, 08:44:57 AM |
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all my bitcoins are safely stored in cold storage. My backup system is very thorough, but insanely secure.
Even if the house burns down I can get access to my bitcoins.
The only sober person in this topic.
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matuson
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August 24, 2017, 08:52:37 AM |
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all my bitcoins are safely stored in cold storage. My backup system is very thorough, but insanely secure.
Even if the house burns down I can get access to my bitcoins.
The only sober person in this topic. If you store a large number of coins in one place it may be it's a wise decision, but 100% security never happens. It is impossible to consider all the risks. I think a more secure solution is to store on different wallets in small amounts.
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aizen10
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August 24, 2017, 09:05:15 AM |
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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 strongly recommend you a hardware wallet. hardware wallets are very secure in term of looses. if you want to invest a huge amount of your money to btc and you want to keep it safe for about 5-10 years, hardware wallet is suits to your need. but it is really expensive. or try to have a sofware wallet they are also secure in terms of loosing.
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KrLos
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August 24, 2017, 09:21:02 AM |
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personally i keep tham in both place hardware wallet and paper wallet .. hard wallet is better imho, they are hack-proof.
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SMSabuj
Sr. Member
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Activity: 602
Merit: 251
I am a professional Web Designer and Developer
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August 25, 2017, 06:00:51 PM |
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Usually, I keep some of my Bitcoin on my Coinbase wallet. But keep large portions of my Bitcoin on some Blockchain Wallet. Because Blockchain Wallet is highly secure. I keep Bitcoin on it for trading.
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ReLieD
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August 25, 2017, 06:16:37 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 do not prefer you to keep your Bitcoins is online sites like that. It is even better to keep them in an online wallet comparatively , but keeping them is offline wallets is the best. And storing them in different wallets is also better
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cotton ball
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August 25, 2017, 06:29:45 PM |
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Usually, I keep some of my Bitcoin on my Coinbase wallet. But keep large portions of my Bitcoin on some Blockchain Wallet. Because Blockchain Wallet is highly secure. I keep Bitcoin on it for trading.
Coinbase is not so popular in Asia, I am more confident to store bitcoin in trezor wallet, and use only blockchain and wallet exchanges for short transactions in the trading market as well as a wallet for gambling, all of which serve to achieve daily profits and keep counting total for percentage of long-term deposits and weekly expenses.
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asma555
Full Member
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Activity: 335
Merit: 101
Need Bounty Manager?Hire me on telegram @asma500
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August 25, 2017, 06:35:28 PM |
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my all bitcoins now in trading site.i'm trading bitcoins and i want to invest more bitcoin.
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