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Author Topic: How to use bitcoins to keep them safe?  (Read 705 times)
Mometaskers
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April 21, 2017, 05:28:22 PM
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I suppose this is different from software wallets? My cuz has already installed Electrum and I'm yet to follow.

Software wallets are good, as long as your computer is good and virus free. It only takes one miss click before downloading a cryptolocker virus/trojan and your bitcoins will be no more. Why take the risk? If you are going to hold your bitcoins for long term, then it is best to hold them offline.

When you need to make trades on the exchanges, you can always import your private key into electrum and send them to your favorite online exchange.

Yeah, that's my problem, I don't know how much remaining time I have left before my laptop and phone breaks. Also I only have a laptop and so don't have a dedicated PC that I will not connect to the internet..

You don't need a dedicated offline PC to succeed this stuff. It is not rocket science bro. Just turn off the wireless. If you are a paranoid dude like me, just install Virtual Machine and setup a Linux OS like ubuntu or whatever your favorite is. Windows is OK too. The point here is to have a clean system while generating the private key.

Noted. I'll try this next time.

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April 21, 2017, 05:41:09 PM
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Quote
Hi,
I ve read that some e-wallets restrict your account and ask for ID docs to unblock access to your funds  (coinbase).

Never had a single issue like this with Blockchain.info. Don't know much about coinbase.

Quote
Or any secure e-wallet  that don't ask for ID proof?

The most and secure e-wallet is blockchain.info for bitcoin. I have been using it for 2 years and had no issues at all. You should check it also with some little money.

I am also using Blockchain.info. But I have faced some issues with this wallet. Sometimes, the email confirmation never arrives on time. And there are occasions when the wallet does not accept the email code.

Good to know.
What kind of issue you are facing you have mentioned only one issue but you said some issues what are the issues please tell us maybe we can help you out in understanding them?
Email confirmation is sometimes slow but it is not delayed more then a minute you can wait a minute or sometimes you just need to refresh your inbox and the confirmation link is there!
There is not such issues I had with blockchain.

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April 24, 2017, 10:25:20 PM
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Just to be safe, I'm avoiding saving up so much bitcoin in my wallet thus withdrawing on the threshold I set. I want to be sure that I got my earnings from hard work.

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April 24, 2017, 11:44:17 PM
 #24

I would never start mining without any knowlage.
Even dont fall for these cloud mining scams out there.

If you want invest in mining - look up for a partner who know how to.

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April 25, 2017, 06:08:53 PM
 #25

Hi,
I ve read that some e-wallets restrict your account and ask for ID docs to unblock access to your funds  (coinbase).

So, some people  say that they don't leave their btc in wallets for long time, as soon they get BTC funds they exchange for FIATS and this is more secure.
I do not know much about fiats and all.

Can you  point to a good tutorial or guide on how to do that? or share some lights to  use BTC to keep they safe or a good site to exchange them for USD , like using  Paypal as conversor?

Or any secure e-wallet  that dont's ask for ID proof?

Thank you



Coinbase isn't actually a web wallet but an exchange wallet that's why there are instances on where wallets have been blocked.You can actually use lots of different wallet its either on web wallet or hardware or pc wallets it does depends on your choice but if you are really concern about security of your bitcoin then store it on hardware wallets because it much safer as long you do keep safely its private keys and with that no one could able to take away your bitcoins from you.



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