Saisher
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September 26, 2017, 10:10:37 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
My friends who are good in handling their bitcoin always advised me not to trust a single wallet and it's always a wise decision to have your wallet key to protect your coin in case one of the worst scenarios happen so keep your coins on at least 3 to 4 kind of wallet.
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Obytwenty
Newbie
Offline
Activity: 47
Merit: 0
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September 26, 2017, 12:42:04 PM |
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on my view it's batter to keep the bitcoin as USDT if don't like the coin in this way you can lose a little of BTC when price change or get small profits any way the daily trading is batter than keep and you can monitoring the coin cap market for any new news
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skarais
Legendary
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Activity: 2674
Merit: 2167
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September 26, 2017, 12:56:10 PM |
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For now I save bitcoins in online wallets and in some exchangers because I still trade with some altcoins, although in this way I do not think it's safe enough, I do not have an offline wallet to store bitcoins.
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DaftAjax
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September 26, 2017, 06:20:14 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 save my bitcoin in the bank because it is safer and not easy to lose and also not complicated Hmm I'm confused how can you store Bitcoin in the banks? I mean, what government gave the privilege to already allow banks to store up Bitcoin? I think you're confused yourself, you see Bitcoin is not centralized. Well if it happens that you mean that, you converted your Bitcoin to Fiat and store to the banks then it likely true that it is safer there, but good luck with the profit, I mean, you know it is centralized yes?
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MiriamWeston
Newbie
Offline
Activity: 38
Merit: 0
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September 29, 2017, 02:04:55 AM |
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There are many ways to use Bitcoin, and as many ways to keep them. Be aware of what you want to use your Bitcoins for, and how accessible they need to be. There is often a trade-off between accessibility and security, but by spreading your Bitcoins across different wallets, you can find the optimal situation
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mel0924
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September 29, 2017, 02:08:24 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 would keep my bitcoins and other coins in my wallet, a secure wallet not in the exchange site because usually when you store coins in the exchange your coins maybe at loss or sometimes you cannot withdraw it anymore. So better store your coins to a secure wallet.
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jcmelana1991
Newbie
Offline
Activity: 29
Merit: 0
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September 29, 2017, 02:19:29 AM |
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ill keep my bitcoin in trusted wallet.Keeping your bitcoin was really a great idea because its really a good investment.but make sure your bitcoin is in a trusted wallet.
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jokerlu
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September 29, 2017, 02:27:48 AM |
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Friend do not trust a third party, save your coins in wallets where you own your public and private keys, invest in good projects, I assure you that there are very good.
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Vinaa77
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September 29, 2017, 02:29:35 AM |
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now the theft of altcoin or bitcoin assets. I also often see the news of theft. even though we have saved safely we also have to be careful in using the laptop that we use to store bitcoin. because this could also be the cause of theft
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Lorilikes
Sr. Member
Offline
Activity: 672
Merit: 251
Content| Press Releases | Articles | Strategy
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September 29, 2017, 02:34:20 AM |
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Anyone who was in a wallet for which they owned the private key, at the fork, I hope you got your bitcoincash. No matter what you need to find a wallet that gives you the key. You can sign messages with this type of wallet and your money is YOURS when the key is yours and yours alone. I like Jax. You can easily export any owned jax wallet into blockchainwallet for the best setup 😍.
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peterthegreat
Sr. Member
Offline
Activity: 387
Merit: 250
Presale is live!
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September 29, 2017, 02:39:10 AM |
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I keep my bitcoins in cold storage which means they're offline in a hardware wallet, or paper wallet. The key is to diversify and use 2fa on everything you can.
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949miner
Sr. Member
Offline
Activity: 448
Merit: 250
Stake & Vote or Become a IoTeX Delegate!
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September 29, 2017, 02:41:33 AM |
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I store all my bitcoins on an offline wallet, because i think it is more safe to keep them in there that have them in an exchange or in coinbase, xapo, etc. I am the only who has access to my wallet and that makes me feel more secured. And i have my altcoins on myetherwallet, i dont need to much security in there since i dont have too many money in altcoins.
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cepedacharles29
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September 29, 2017, 02:50:04 AM |
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I will keep my bitcoin in a better place and more secure like a bank here my money will be stored properly and will be returned unobstructed and for me to raise money. And I can also hide it in the online wallet because it's also secure and keeps my money and it's possible for my home to hide my money because it's more important for me to keep it as much as I can see my money far from me.
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untugede
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September 29, 2017, 02:53:44 AM |
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I will keep my bitcoin in a better place and more secure like a bank here my money will be stored properly and will be returned unobstructed and for me to raise money. And I can also hide it in the online wallet because it's also secure and keeps my money and it's possible for my home to hide my money because it's more important for me to keep it as much as I can see my money far from me.
save money in the wallet I think is very safe and depends on each individual if there is a mistake and save on the wallet can also be an investment that will be very useful in the future so it will be very helpful
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claudiotiego
Full Member
Offline
Activity: 630
Merit: 154
Corl - Growth Capital on the Blockchain
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September 29, 2017, 03:16:21 AM |
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For everyone who wants to keep a large amount of bitcoin, I suggest to place them in a hardware wallet. There are many good options avaliable (electrum, jaxx, etc). I do not recommend to keep bitcoins in online wallets, lke blockchain.info for example, it's too risk because you dont have control of your private keys.
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innocent_one
Newbie
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Activity: 14
Merit: 0
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September 29, 2017, 03:20:45 AM |
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The best way to store Bitcoin is a paper wallet and I'm currently using Mycelium. Since I don't do high exchanges with my money it a pretty good method for me. And if you are using paper wallet then make it is secured with private keys .
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SnapDown22
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September 29, 2017, 03:22:30 AM |
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I prefer storing my bitcoin in a secure offline wallet. no more trust to save than that especially an exchange. because many cases of fraud!
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Sahabat_
Full Member
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Activity: 322
Merit: 100
First 100% Liquid Stablecoin Backed by Gold
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September 29, 2017, 03:26:21 AM |
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I prefer storing my bitcoin in a secure offline wallet. no more trust to save than that especially an exchange. because many cases of fraud!
indeed many cases of fraud today but that does not make us have to be afraid, we need to do is more thorough in doing something and the most important is when entering the website address because that section is often a target of fraud
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davids
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September 29, 2017, 03:40:28 AM |
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i using an web wallets since it was first located in bitcoin. but until now they never deceive me. web wallet the sending and receiving of payment is so easy and hassle free
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CryptoTech_
Full Member
Offline
Activity: 994
Merit: 106
Official Street Team member
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September 29, 2017, 03:44:08 AM |
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my advice if you want to hold bitcoin for 5-10 years use hardware wallet, it's better than you keep it on the exchange site. using hardware wallet all in your hands, you will not lose your bitcoin except your own carelessness but if you keep it on the exchange site, it's very risky. can be exposed to hack or exchanger site it scam
Recomended Hardware Wallet : Trezor, and Ledger Nano S
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