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warrior333
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September 20, 2017, 12:57:08 PM |
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I keep my Bitcoin in an online coinbase wallet. But many say it's a lot of risk. But I do not think the risks. Because I have enough privacy. I do not trade. Because I do not have so much money. So I withdraw money while I need it.
Yes it is risky in online wallets, but if you're using it only for your daily or weekly needs then its fine. Its only risky to HODL in some online wallets, so it is recommended to own many online wallets and scatter your coins, for safety purposes that is. And every online wallet has its own security and confirmation so make sure to do those things, it is your responsible really. But if you really have such amount of coins then use hardware wallet since it has the most security so far. Hardware wallet has more risk than online wallets. You cannot store a lot of money on a single computer. You still have to go from this computer to the network and you can catch the virus. Imagine what will happen to your hardware wallet if you caught a virus Petya? |
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badungs
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September 20, 2017, 01:11:45 PM |
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i use mycelium. as long no one know the password i think it save, cause sometimes the problem is on people mistake
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bitcoinexplorer
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September 20, 2017, 01:42:30 PM |
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i use mycelium. as long no one know the password i think it save, cause sometimes the problem is on people mistake
What is your opinion of Electrum Bitcoin wallet? How is Mycelium better then Electrum? |
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Sonin1944
Newbie
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Activity: 39
Merit: 0
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September 22, 2017, 02:46:26 AM |
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btc charge is large so now i do not maintain. current time i market my btc. right after some time when btc charge is reduced. i get and hold. i hold my btc online wallet. it' s believe in wallet.
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itzong17
Newbie
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Activity: 41
Merit: 0
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September 22, 2017, 03:23:20 AM |
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I want to buy a lot of Bitcoin to buy and hold for a few months and not sure how to do it safely. I used to use offline paper wallets but I’d rather use a hardware device to hold my Bitcoin. I was thinking about holding some on Blockchain wallet as well.
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vvong
Newbie
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Activity: 21
Merit: 0
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September 22, 2017, 03:25:28 AM |
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by saving them in cold storage, but we have a blockhain apps that we can save a lot of bitcoin.. remember to copy your secret key and keep it on a safe place
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vinceey
Newbie
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Activity: 21
Merit: 0
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September 22, 2017, 03:26:39 AM |
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i will put it in paper wallet that are properly generated offline and securely stored are immune to hacking/malware/etc. The idea is you never enter the private key into a networked computer until you're ready to spend the Bitcoin, and even then you can sign the transaction on the offline computer and transfer it to an online computer for transmission using software like Armory. The only way they could be compromised is by physically stealing the printed private key, or perhaps a weakness in the cryptography.
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Bitshan
Newbie
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Activity: 28
Merit: 0
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September 22, 2017, 03:29:08 AM |
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i keep my bitcoins in a cold storage wallet. You would need to make sure you keep the wallet address and private key where you can get to them but they are secure like in a safe deposit box . As long as you do that, you should be fine.
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jamids
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September 22, 2017, 03:29:57 AM |
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I keep my coins in a web wallet, another in a third party web wallet which is base locally so that I can immediately just deposit my money to my bank account if I need fiat and then in an exchange. I know that their advise is to not store coins in an exchange because if you don't have the private keys then it is not your coin but then I only have a little amount of coins so if I withdraw it from time to time then my coins would eventually be eaten by transaction fee so I choose to leave it in an exchange so that when there are trading opportunities, I can immediately buy the coin.
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Senpai17
Newbie
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Activity: 22
Merit: 0
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September 22, 2017, 03:32:53 AM |
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I have Bitcoin placed in a huge amount of places online.. sometimes i leave my bitcoin in trading sites for me to trade for it but its very risky.. i suggest buy cold storage wallet like Trezor, Nano Ledger S
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Thndr
Member
Offline
Activity: 78
Merit: 10
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September 22, 2017, 03:47:53 AM |
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I dont have many bitcoin so just keep them on exchange wallet. But I think people shoud use offline wallet. it is better
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onpages
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September 22, 2017, 04:19:02 AM |
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I trade my Bitcoin so I just keep it in Bittrex's wallet. it is done to facilitate me in trading Altcoin - Bitcoin.
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ir.yance
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September 25, 2017, 09:40:45 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 save my bitcoin in the bank because it is safer and not easy to lose and also not complicated |
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Isaac 777
Newbie
Offline
Activity: 45
Merit: 0
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September 25, 2017, 10:14:12 AM |
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like you i use all my bitcoin in exchange sites basically localbitcoin
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nightways
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September 25, 2017, 10:39:33 AM |
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right now I am keeping my bitcoin assets by making wallet ofline because in exchange I am less sure. since the bcc-e crowded case I no longer believe in the exchanger
If you want to hold your Bitcoins for quite longer time, then keeping them in wallet is the best option. I think so if you keep your Bitcoins in your wallet, then not only they will remain safe over there but also you’ll feel comfortable. I am currently keeping 70% of Bitcoins in the wallet just like you. Rest 30% I use to do trading. |
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megynacuna
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September 25, 2017, 11:23:20 AM |
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right now I am keeping my bitcoin assets by making wallet ofline because in exchange I am less sure. since the bcc-e crowded case I no longer believe in the exchanger
If you want to hold your Bitcoins for quite longer time, then keeping them in wallet is the best option. I think so if you keep your Bitcoins in your wallet, then not only they will remain safe over there but also you’ll feel comfortable. I am currently keeping 70% of Bitcoins in the wallet just like you. Rest 30% I use to do trading. I think we all keep our bitcoins in our respective wallets even the ines that are used for tradingvare kept in online wallets and so I don't really get what the OP means by "how do you keep your bitcoins ". I sure keep mine in blockchain.info wallets. |
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ngocvan
Newbie
Offline
Activity: 19
Merit: 0
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September 26, 2017, 09:22:51 AM |
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to keep your bitcoin , you let the bitcoin into the blockchain wallet or the coinbase wallet .
remember the 2 layer security
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LesterD
Full Member
Offline
Activity: 665
Merit: 114
#SWGT PRE-SALE IS LIVE
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September 26, 2017, 09:36:08 AM |
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i keep it to safety, i do have my electrum wallet which i have my own private key and no one have the access and they dont have a chance to get it unless i gave it to others.
it is much safer than putting it on your online wallet and also in exchanging sites.
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Drnice
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September 26, 2017, 09:43:41 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
For a long time store and safe keeping of your coins, blockchain.info wallet will be the best and safest place for that. |
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