pairinpay
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October 20, 2017, 06:17:52 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 coin save in the exchange
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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gondar1
Member
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Activity: 75
Merit: 10
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October 20, 2017, 06:21:00 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 store all my coins in my wallet. For me I keep an external hard disk that I seldom use, that way the wallet files inside will not be affected, I also keep a copy of my wallet in my own laptop. I also worry about the safety of my coins.
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iamaruf
Sr. Member
Offline
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
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October 20, 2017, 06:26:52 AM |
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I don't support online wallet. though paxfull is trusted but i am going to suggest you to use core wallet. Because core wallet always safe and online wallet can be hacked or they can stop their services any time.In that result you will loose all of your coin.So don't store your coin in exchanger or online.Just use it when you need
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bigmaster23
Full Member
Offline
Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
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October 20, 2017, 07:02:41 AM |
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I kept it on electum wallet electrum wallet have all the security to handle this thing we called BTC and lot of btc user own this wallet almost everybody knows it
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BeGoods
Legendary
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Activity: 1372
Merit: 1008
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October 20, 2017, 07:05:25 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.
Is blockchain.info considered an exchange wallet? I'm using some exchanges but want to move to a safer online option. Do you think this would be a good option? I dont advice to hold your hard earned bitcoin in online wallet. If you want to use exchanges go to bittrex,poloniex,c-cex and other exchanges.Safe way to hold your bitcoin is desktop and paper wallets. Blockchain not including exchange sites dude. blockchain.info is an online wallet. honestly I myself use a local exchange to store all my bitcoin because it will certainly be much easier when you want to sell your bitcoin because you can directly install your order. for security luckily local exchange in my country support with sms verif. so it makes my bitcoin very safe and never stolen
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markleal
Member
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Activity: 446
Merit: 13
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October 24, 2017, 10:19:13 AM |
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I use the local Coins.ph, it comes with a mobile wallet and also comes with services such as remittances, air-time, bill payments, and online shopping at over 100,000 merchants who accept digital currency and it operates in the Philippines and Thailand.
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ab007
Newbie
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Activity: 48
Merit: 0
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October 24, 2017, 10:31:21 AM |
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I am investing my bitcoins in online trading and investing a lot in it.so for me the better place to save my bitcoins is trade and also i cash out some of it for my personal use and remaining are there in invested form at different forum through which i am earning handsome amount of money
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shalnark
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October 24, 2017, 10:50:27 AM |
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I don't support online wallet. though paxfull is trusted but i am going to suggest you to use core wallet. Because core wallet always safe and online wallet can be hacked or they can stop their services any time.In that result you will loose all of your coin.So don't store your coin in exchanger or online.Just use it when you need
Why you don't? All wallet I encountered in crypto currency society have a good and trusted background, if you experience anything problems in your wallet. I think the problems is in yours. As per I experience all wallet in crypto currency industry are fully secured, so I have no doubt even I put high amount in any wallet I have.
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Zemomtum
Full Member
Offline
Activity: 1316
Merit: 104
CitizenFinance.io
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October 24, 2017, 11:40:03 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
So far I've accumulated in bitcoin, I kept it for a while. I'm preparing for large-scale investments, the kind I can earn a lot of money. I'm also waiting for the value of bitcoin money to rise, so I love to accumulate a lot of coins in bitcoin. Bitcoin has helped me a lot, and now I hope that it will help me more, given this help to me . It's hard to get together because you have the idea that you want it to spend, but if you know how to control yourself? you will be able to have high and large amounts of money .
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enterprevic
Member
Offline
Activity: 86
Merit: 10
Healthpromag.com
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October 24, 2017, 11:55:21 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've heard a lot of people say they do not store their coins on an online storage platform , I currently do store mine online though but it's a risk tho, because if you're hacked you can't regain your money back , I've heard guys talk about paper or offline wallet before really don't know how it works but you can sure check out articles on it and see if it suits you
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Kobro
Member
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Activity: 95
Merit: 10
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October 24, 2017, 12:28:44 PM |
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although I am new but I already understand how to save my bitcoin, if I later have it I will keep it in my wallet online and of course I will keep my pin security do not let others know this because the pin is private.
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Fasdartin
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October 24, 2017, 12:33:16 PM Last edit: October 25, 2017, 03:36:28 PM by Fasdartin |
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I keep my bitcoin in application called coins. ph. It will serve as my bank because if in case of emergency I have a way to get money with less hassle. This app is trusted because there's a lot of person that I know use it. This app really helps because you can send money neither received money. Yo can also pay bills and buy load using your bitcoin.
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BOLT PLUS
Newbie
Offline
Activity: 7
Merit: 0
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October 24, 2017, 12:33:41 PM |
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I keep bitcoin in some neighborhood and intercontinental wallet exchanger. I use each wallets simply because I concentrate on buying and selling, and conserving in local wallet exchanger makes it easy for me to withdraw funds
There are different wallets where we can place our bitcoin but i think the best place is to keep it in desktop wallets.
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Panah Arjuna
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October 24, 2017, 04:10:04 PM |
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I still keep in the wallet, some of my coin sell for my needs partly I am waiting for a good price to sell.
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Tim2412
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October 24, 2017, 08:57:50 PM |
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Usually i save my bitcoins on the exchange acciunts wallets. Try to use them in xoin turnover ,buy- sell and so on.
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Denilatm
Newbie
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Activity: 14
Merit: 0
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October 29, 2017, 04:44:53 PM |
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Here are some way to keep your bitcoins:
1.Desktop wallets 2.Mobile wallets 3.Online wallets 4.Hardware wallets 5.Paper wallets etc
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Canday
Jr. Member
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Activity: 55
Merit: 10
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November 03, 2017, 12:46:13 AM |
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I am making use of an on-line provider. Even though being aware of that it is not risk-free, I nonetheless accept due to the fact my bitcoin is extremely little .. right after this there are far more I would use a safer wallet.
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mikchail
Newbie
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Activity: 44
Merit: 0
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November 05, 2017, 12:45:18 PM |
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For me i think you shoud use a paper wallet or make your possess vainness adress so you can have your own personal crucial. Even now the best factor to retailer your bitcoins is in a paper wallet.or just store your personal key on some usb but nevertheless you should have a backup incase your usb gets corrupted. Or just set it in your neighborhood bitcoin wallet that you can have faith in.
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mammoniter
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November 05, 2017, 12:58:05 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
Since I'm not involved to a large investments yet and I'm just doing freelances and campaigns to earn and grow my coins individually so I just usually store my hard earned bitcoins in online wallets such as myetherwallet and encrypts and put passwords to my account details and access informations for my wallet. But hopefully it I managed to earn a lot then I would maybe go to offline wallets and other more secured way to store my bitcoins.
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Hasbro27
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November 05, 2017, 01:45:09 PM |
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I save a lot of my bitcoins in my offline wallet, and just a bit of my bitcoin in what I trade in the market to add the bitcoin coin I have. because bitcoin is my investment and savings for the future
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