pavelkdr
Newbie
Offline
Activity: 25
Merit: 0
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October 14, 2017, 08:59:04 AM |
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We all have to keep bitcoin in a secure area, with robust safety and in a trustworthy place. I use the regional exchange internet site to maintain bitcoin, it is quite protected, it has some ferification stage to go bitcoin.
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DoublerHunter
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October 14, 2017, 09:57:02 AM |
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I keep my Bitcoin at Bittrex Exchange and Bitcoin at the coinbase in the account.I think i will trade and make some bitcoin profits. Just an advise, do not put all your bitcoin in exchanges and online bitcoin wallets because they are risky and you can lose your bitcoins because the exchanges are not worthy to put your bitcoin because you don't have the private key of their wallet where you can recover your bitcoin once they got hacked or have some problems in handling bitcoins. So it is better to have a personal wallet like hardware wallet in keeping your bitcoins.
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Aum Ram
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October 14, 2017, 10:48:53 AM |
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I keep my Bitcoin at Bittrex Exchange and Bitcoin at the coinbase in the account.I think i will trade and make some bitcoin profits. Just an advise, do not put all your bitcoin in exchanges and online bitcoin wallets because they are risky and you can lose your bitcoins because the exchanges are not worthy to put your bitcoin because you don't have the private key of their wallet where you can recover your bitcoin once they got hacked or have some problems in handling bitcoins. So it is better to have a personal wallet like hardware wallet in keeping your bitcoins. I agree with you. I keep my bitcoins on the hardware wallet Trezor. In my opinion - this is one of the best options for the safe storage of bitcoins. I have been using it for three years and i'm very satisfied.
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magicmeyk
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October 14, 2017, 10:50:05 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
In my country we have a local wallet for bitcoin and it safe to keep there. But I don't put all my bitcoins there because I'm using it for trading alt coins.
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Radoyan1188
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October 14, 2017, 01:20:01 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
it's good thing altcoin always increase if you buy some coin and keep it long time. at a time you can make huge profit. but some problem for right store. now many people victim hacker. so first you need find Wright store. always better offline wallet. you want to long time hold so tell you can select offline wallet.
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ajochems
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October 14, 2017, 01:32:47 PM |
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I keep my Bitcoin at Bittrex Exchange and Bitcoin at the coinbase in the account.I think i will trade and make some bitcoin profits. Just an advise, do not put all your bitcoin in exchanges and online bitcoin wallets because they are risky and you can lose your bitcoins because the exchanges are not worthy to put your bitcoin because you don't have the private key of their wallet where you can recover your bitcoin once they got hacked or have some problems in handling bitcoins. So it is better to have a personal wallet like hardware wallet in keeping your bitcoins. I agree with you. I keep my bitcoins on the hardware wallet Trezor. In my opinion - this is one of the best options for the safe storage of bitcoins. I have been using it for three years and i'm very satisfied. Even you can try coin base. I am using Coin base for more than two years. It's a trusted one.It's a offline wallet. You can keep your bitcoin .I had keep till it reach the value of 0.5 BTC.I think, you can make more then that value. I think you can keep more than 1 Bitcoin. To store in a wallet, you need passion to save bitcoin.
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btcbringer
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October 14, 2017, 02:42:10 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
In my country we have a local wallet for bitcoin and it safe to keep there. But I don't put all my bitcoins there because I'm using it for trading alt coins. agree, although i look forward to bitcoin, i keep it on the exchange to make the trading, and i think exchange is much safer than years ago, i rarely heard exchange hacked now, and i believe even hacked, exchange will pay for the users, of course, it should be large exchange
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maii
Newbie
Offline
Activity: 21
Merit: 0
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October 14, 2017, 09:16:31 PM |
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I think it would be better to keep it in a private wallet instead of on the wallet exchange
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FasTroy
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October 14, 2017, 09:55:55 PM |
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I think it would be better to keep it in a private wallet instead of on the wallet exchange
You are right, mate, It's more risky if you save you bitcoin in an exchange service, It's better to save that in a web wallet or in an offline wallet. Personally, I store my bitcoin in my two web wallets which it blockchain and xapo, but i always use my blockchain wallets, because i think it's more secure and also easy to use, Furthermore, bitcoin transactions fees in blockchain is more low than xapo.
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Johj
Member
Offline
Activity: 176
Merit: 12
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October 14, 2017, 10:01:11 PM |
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I keep my Bitcoins at an exchange. Only because I'm daytrading though Hardware wallets and off-exchange wallets are recommended. Don't get Mt.Gox'd.
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StonedWolf
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October 14, 2017, 10:10:02 PM |
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I use an online wallet (blockchain) even though this is not safe, I keep my bitcoin not too long and I will soon sell it. than I keep it on the desktop will be easier in attack the virus and my coins will be lost.
We are both in the same case, my money is in the blockchain wallet and I am thinking in saving them in the desktop but I thought to be hacked by a virus, especially that the viruses are in very important numbers in our days and thet could enter in your PC any moment by the internet.
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Crypto_trader87
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October 14, 2017, 10:24:50 PM |
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I was just putting my bitcoin in my web wallet and wait to grow the price i am also joining in some bounty campaign just to earn some extta bitcoin to add my earning
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Didle1938
Member
Offline
Activity: 66
Merit: 10
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October 15, 2017, 04:14:45 AM |
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Though I shop my bitcoin on on the internet wallet (blockchain most if it), but many thanks to this forum that produced me to understand that it is not protected and obtaining a desktop or paper wallet is far better. Nonetheless making an attempt to decipher which to use although.
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poisonivy77
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October 15, 2017, 04:33:05 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
The way i'm keeping my bitcoin is through online wallet.i'm keeping it in a block chain wallet paper wallet seem good too. but i am planning on having my bitcoin in an online keeping.
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ankit05
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October 15, 2017, 04:46:13 AM |
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if i earn bitcoin. i would like to spend my bitcoin in share market . I use an online wallet service also. and i would like to save some money in my wallet in future.
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PETES
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October 15, 2017, 05:58:33 AM |
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I use an online wallet (blockchain) even though this is not safe, I keep my bitcoin not too long and I will soon sell it. than I keep it on the desktop will be easier in attack the virus and my coins will be lost.
We are both in the same case, my money is in the blockchain wallet and I am thinking in saving them in the desktop but I thought to be hacked by a virus, especially that the viruses are in very important numbers in our days and thet could enter in your PC any moment by the internet. You guys should try using ledger nano or trezor, these two are hardware wallet. If you wanna secure your coins you should also invest in your wallet, yeah it's quite expensive but worth for the price.
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Passive Coin
Full Member
Offline
Activity: 280
Merit: 102
Passive Coin - low supply coin with backing fund!
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October 15, 2017, 06:17:42 AM |
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I keep my Bitcoins in blockchain.info and in Bittrex exchange. However, for sake of my project purposes, I need to open extra safe browser-based multi-wallet, where I can easily control private keys and keep them offline.
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catalystal
Newbie
Offline
Activity: 13
Merit: 0
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October 15, 2017, 06:21:33 AM |
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Currently I am not holding that many coins. So I am keeping them in my online wallet. If my holdings get considerably bigger (i.e. more than BTC1), then I will consider moving them to a hardware wallet such as Trezor. Keeping large amounts of coins in online wallets is not 100% safe. Also, there are a lot of wallet robberies going on right now.
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DaftAjax
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October 15, 2017, 06:50:38 PM |
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if i earn bitcoin. i would like to spend my bitcoin in share market . I use an online wallet service also. and i would like to save some money in my wallet in future.
Well that is pretty obvious for someone like me who is aware and have quite the knowledge, but for those who are new to the community then yes, it will be stored in a wallet. I don't know what kind of wallet you are going to use so it is necessary to research the different kinds of wallets, what are their advantages and disadvantages, well depends on how you will use it though.
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Macukica
Newbie
Offline
Activity: 35
Merit: 0
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October 15, 2017, 08:16:11 PM |
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One of the most popular and cheapest options for keeping your bitcoins safe is something called a paper wallet. There are several sites offering paper bitcoin wallet services. They will generate a bitcoin address for you and create an image containing two QR codes: one is the public address that you can use to receive bitcoins; the other is the private key, which you can use to spend bitcoins stored at that address.
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