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Author Topic: How do you keep your bitcoins?  (Read 48735 times)
aanbudi
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September 29, 2017, 03:44:45 AM
 #921

I save my Bitcoin, in the wallet Exchanger to easily convert to my local currency IDR, when needed.
Lancelot04
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September 29, 2017, 03:48:32 AM
 #922

I don't know if I should tell it here because of many hackers roaming off the internet, but I will tell it anyway. Some of my Bitcoin are on exchanges for trading, and some of it is hidden on my computer with the private keys that is very secure because I wrote it down at didn't save it on the computer or any other tools inside a computer. I keep it with my life.
yojodojo21
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September 29, 2017, 03:55:59 AM
 #923

Actually because of the volatily of bitcoin, I am not keeping huge amount of bitcoin in my wallet.
This how I do.
For example : I have 0.004 bitcoin, then I will convert it to peso. My currency in Philippines,
But it doesn't actually mean that I will convert all.
I keep some bitcoin.
With the price of some like 200 peso converted into bitcoin form my investment.
And sometimes I'm investing in any trusted sites.
BeGoods
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September 29, 2017, 04:07:19 AM
 #924

I practically have account in all the online wallets but I don't use them and its because of the conflicting information on the forum that one have to read on the safest one to use. I use blockchain mostly because of its flexibility why I also use Electrum for long term savings and basically its due to August 1 need to coins safe.
Use different online wallet is good to determine which online wallet is the best one.  Blockchain wallet is very good in flexibility and transparency in showing a transaction on bitcoin.  In this wallet we can see the hours,  date,  month,  year,  a transaction on the bitcoin is done.  There is good feature in this wallet namely quick send, by using this feature we can send bitcoin without having to set the amount of fee. I'll keep using this wallet for store small amount of bitcoin no matter what.
even without setting a set of fees it will make you lose money #imo,, usually a blockchain will provide a fee recommendation for your transaction to be confirmed in less than 10 minutes but at least you need 30k-50ksatoshi for fee in the blockchain and it's a very expensive fee right? whereas I can use fee only 10k satoshi using other wallet (cheaper)? I myself use the exchange to store my bitcoin lol. at least I get a cheap fee,, because I include people who often make transactions using bitcoin

Mr.john
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September 29, 2017, 04:22:16 AM
 #925

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 me, im just want to keep my bitcoin by investing on it. I will hold it for a very long period of time, and i will wait the time that the price of bitcoin is so very high. To invest, is a good way that i think to keep my bitcoin, because my money will have a possibility to become double or to increase it numbers and by investing in bitcoin for me i am so profitable on it. In bitcoin it is very safety to keep our earned some BTC on it, and im sure that  it is not easy to hack our account, by the hackers. In addition, i keep my bitcoin because of my future purpose in my life, i want to keep bitcoin in long period of time, so in future if i will get old i have my own money that i can used into my life, so i can depend into myself not to ohters. Finally, i believe that after so many years i will have so many bitcoins, just for now im just want to keep my bitcoin.
Bluestreet
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September 29, 2017, 04:47:24 AM
 #926

I don't have much bitcoins with me but whatever I have I keep them invested in a few places like if I have enough coins to buy a physical coin then I buy it as i like physical coins so I put some of my bitcoins in them, if there is a new project coming in which I am having intrest then I invest my coins in there. The balance that I have remaining I keep in my hardware wallet.
hardiyanto
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September 29, 2017, 05:33:06 AM
 #927


I save my bitcoin on a secure exchange. for if I suddenly need money I can trade it for it in my country.

Hasan905
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September 29, 2017, 05:37:24 AM
 #928

I keep my bitcoin on coinbase. It is safe and easy to use and there is no transection fee between coinbase user.
ipanks
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September 29, 2017, 08:51:46 AM
 #929

for sure i keep my bitcoin in mycelium, jaxx, coinomi, bitcoin core wallet although i have the other btc in poloniex and bittrex exchanges. until now i am trading btc pair fiat so i have opportunity to increase my bitcoin amount. after i got profit, i send it into my other wallet like i mention above so i can keep more bitcoin in my wallet.



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Hannahanto
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September 29, 2017, 09:06:28 AM
 #930

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


The best way to store bitcoins is with hardware wallet and you can easily download it. And of course for backing up just make sure you got a proper storage of that wallet so that whenever you want to get it, you can have it easily. Online wallets are risky but if you do trust them go for it, just make sure you are aware of what can happen to them anytime.
Yes, better to save bitcoins in wallets.All the wallets are well secured when it was made. choose one of them and save it safe. Once bitcoins comes into btc address in wallet, i usually exchange it for paying bills. My basic things are bought with bitcoins.
kafiddrhman
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September 29, 2017, 09:18:22 AM
 #931

For now i still store bitcoins in online wallets and exchange sites, but until now i've never had a problem with all those services. I keep it on the exchange site because to facilitate me in trading transactions with altcoin.
tyronecoinbit
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September 29, 2017, 09:42:44 AM
 #932

For now i still store bitcoins in online wallets and exchange sites, but until now i've never had a problem with all those services. I keep it on the exchange site because to facilitate me in trading transactions with altcoin.
I also store my bitcoin in an online wallet and I don't also encountered any problem on it. For me, it's so legit that I don't have to worry and I can easily convert my btc into fiat. And I can easily pay my bills using that wallet. Anyway, I guess it's more secure when your wallet is 2fa supported.
primeminer
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September 29, 2017, 10:08:28 AM
 #933

i save Bitcoin in wallet online as Blockchain.info and Coinbase because both wallet it's very safe and very simple to use.
doblok
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September 29, 2017, 10:23:13 AM
 #934

I keep some bitcoin in my eth wallet and some I use as capital also meets the daily needs of the family.
cramblimp
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September 29, 2017, 02:38:43 PM
 #935

We are all concerns about our bitcoins. I'm just keeping my bitcoin to my online wallet. I save all my bitcoin from that and hold in a few days waiting for the price to get more profit on it. If the price goes up I will cash it out to buy some stuff.
Succurs
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September 30, 2017, 03:46:07 AM
 #936

For me i consider you shoud use a paper wallet or make your own self-importance adress so you can have your personal non-public crucial. Nonetheless the greatest factor to retailer your bitcoins is in a paper wallet.or just shop your personal essential on some usb but nonetheless you ought to have a backup incase your usb gets corrupted. Or just place it in your local bitcoin wallet that you can believe in.
ChrisJansen
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September 30, 2017, 11:32:23 AM
 #937

For trading i keep some, as little as possible in my exchanges wallet, but do not reccommend it to my friends. I advise them the offline wallet generator and then keeping the paper wallets (private keys) stored safely -in some cases in parts- at different locations. I would not want to lose my precious btc's in case of fire etc. I started working with the nano-s recently but do not like that i am not able to import private keys directly. Also need to find my way around all the chrome based wallet apps and entering my pincode repeatedly. I use electrum if i want to get the paper wallets to turn from cold to hot / live storage.
Chrystora123
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Omicron is another FUD


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September 30, 2017, 11:38:38 AM
 #938

of course I put my Bitcoin in the wallet, and some of my Bitcoin play in trading, profit from trading I put some in the wallet back , in future i want  want to invesment my Bitcoin ..

Decoded
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give me your cryptos


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September 30, 2017, 11:39:42 AM
 #939

I personally don't trust any third party to hold my bitcoin, unless I actually have access to the coins, and an example of this is a multisig wallet, where I have two of the three keys.

Third party sites may be reputable, but in the event of an accident or even an attack against you from their end, it's their word against yours. And in nearly all cases, their word wins.

I wrote an extensive guide on this here - https://forum.bitcoin.com/alternative-clients/overview-bitcoin-wallets-what-s-the-best-for-you-t11689.html

looking for a signature campaign, dm me for that
The Monkey King
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September 30, 2017, 12:19:20 PM
 #940

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

As for me, I consider that you shoud use a paper wallet or a coin wallet to keep your bitcoins. As we all know, we are all concerns about our bitcoins and how to keep our bitcoins safely. And I'm just keeping my bitcoins to an online wallet. I save all my bitcoins and hold it in a few days then wait for the price to get higher for a more earnings of bitcoin.
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