Hi,
Hope I posted in the right board and totally new to this investing bitcoins.
I got under 0.1 bitcoin lending on poloniex but rates are too low for a good return.
Where is the best place to Invest bitcoins with the best returns and lowest risk?
Thanks,
Hello,
The Best Bitcoin Wallet, the best place place to invest bitcoin.
You can choose Hardware wallet or Paper Wallet
Hot Wallets (i.e Online Wallets like Coinbase, UnoCoin (India), CoinSecure or Exchange wallet : Like : Cex.io, Poloniex) or are never completely secure. Your password can be misplaced , their server can be hacked , your security can be compromised anytime - anywhere.
Your computer is hacked and web wallet password is stolen
Web wallet server gets hacked and bitcoins are stolen
Web wallet company goes bankrupt
FBI or other enforcement agency announce Bitcoin as illegal Then Your web wallet company must to shutdown the operations.
Web wallet provider points to Term of Service violation and takes coins
Owners of web wallet company run away with coins
Bug in web wallet software leads to loss of coins
Your computer or cell phone is stolen while you are logged in and thieves then steal your coins
HARDWARE WALLET
If you want to store your completely secure then go for Hardware Wallets. They are hack proof. My First best is Ledger S Nano ( I and My Family member using). and The Second one is Trezor (I am using) .
Ledger S Nano is only available for 58$and they ship to all over the world.
Ledger Wallet - Hardware wallets - Smartcard security for your bitcoins
PAPER WALLET
You can Make gat a paper wallet for free by going this site.
WHY I PREFER HARDWARE WALLET OVER PAPER WALLET
You can’t send a partial bitcoin to other account, You have to send it all
A situation like hard fork it better to go with Ledger/Trezor as they support the double coins but you can’t do the same with Paper Wallet.
You can’t store Multiple crypto coins in Paper wallet but The same can be done on Ledger S Nano and Trezor Hardware Wallet
Hope I answered your question Successfully.