David Horton
Newbie
 Offline
Activity: 96
Merit: 0
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June 14, 2017, 03:08:00 PM |
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Offline wallet, but only if you won't be using your Bitcoins on a daily basis
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Kprawn
Legendary
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Activity: 1904
Merit: 1073
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June 14, 2017, 03:08:06 PM |
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It depends on how you want to use your coins. If you bought it as an investment to hoard "long-term" I would go for cold storage. {paper wallets} ,but if you want to regularly use these coins... I would suggest that you buy a hardware wallet. {Trezor} I would avoid the online wallets and services where you do not have the ownership of the private key. {also exchanges used as a wallet}  |
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pecson134
Sr. Member
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Activity: 630
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
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June 14, 2017, 03:13:18 PM |
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COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.
I agree that cold storage is the best way. For newbies, electrum could be the best option. You can store your coins in cold storage and all you have to do is save the seed in a safe place. This is the one I also prefer for storing in offline to avoid hacking and can be only access through personal ways. Though I want these offline wallets I still prefer the online one but I'm not stacking too much bitcoins because I use them as paying some things or transaction I had made. It had an easy access though it is vulnerable to hacking if using online. |
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ICOBank (OP)
Newbie
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Activity: 91
Merit: 0
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June 14, 2017, 04:27:45 PM |
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I came to the conclusion its the best for me to devide it! Small amount on some exchanges! Bigger ammounts on online wallets or pc wallets with 2fa! And a big ammount in cold storage! Because what if you are so stupid to loose or break your cold storage.
Also devide some under your close family like brothers and sisters or if you have high tech parrents!
Oh yeah and lets also be honoust! Lets keep some cash on the bank or in real estate!
Like this you won't regret to much in the future!
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Kotone
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June 14, 2017, 04:38:11 PM |
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The best way could be, if you are using an online wallet you must put some securities on it. And in my online wallet there will be a security option that you may use a two factor authentication that uses a google authenticator. It will be a good security for you.
Yes. I have been try it before. It almost someone will hack my account, but he doesnt success because it has a two factor authentication, the hacker has been failed to hack my account. Money is a root of evil. There will be always a somebody who will never care for the sake of everyone and they will do everything just to steal our money they will not put an effort and hardwork they just want to earn easily. |
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Vaslime
Member
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Activity: 141
Merit: 10
Cryptotalk.org
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June 14, 2017, 05:17:56 PM |
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COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.
i agree cold storage cannot be hack and also you can retrieve it when you lost your cold wallet as long as you have the private key and there is one thing you can count on to is the paper wallet meaning you will right it down your private key on a piece of paper and keep it on the safe place that would be the safest thing you will do. |
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foxbat
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June 14, 2017, 05:38:48 PM |
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What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
For bitcoin, not too hard to we can keep safe for your money. You only need to store the wallet of your hardware along with key personal. It is absolutely safe. Besides, a number of people use the web wallet, they should turn on the security 2FA, However, it's not really safe, best you should use for hardware. |
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BitcoinsGreat
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June 14, 2017, 05:59:25 PM |
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Software wallet, the wallet.dat and other files backed up on USB, the textual info, like username and passphrases written into a text file, not saved and a smartphone takes a picture of that text file that is then deleted without ever saving the data.
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Monnt
Legendary
Offline
Activity: 938
Merit: 1002
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June 14, 2017, 06:52:41 PM |
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COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.
i agree cold storage cannot be hack and also you can retrieve it when you lost your cold wallet as long as you have the private key and there is one thing you can count on to is the paper wallet meaning you will right it down your private key on a piece of paper and keep it on the safe place that would be the safest thing you will do. Cold storage wallets are safest way of keeping bitcoins, yeah but you cannot just use them if you are spending bitcoins on daily basis. I am personally in a shock after I heard that erika's wallet was hacked because she was a quite careful girl and there is no way I would believe she can be hacked. I sometimes wonder is the blockchain.info wallet playing around with us and taking away our coins ? |
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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June 14, 2017, 07:05:34 PM |
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Software wallet, the wallet.dat and other files backed up on USB, the textual info, like username and passphrases written into a text file, not saved and a smartphone takes a picture of that text file that is then deleted without ever saving the data.
USB drives can corrupt or just stop working entirely -- for that reason they are not meant to be used as your main way of storing your coins. In order to grant yourself access to your coins basically for ever, it's utterly important to have your private keys printed on a piece of paper, or have it engraved on a piece of metal for extra durability. |
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Superzpay
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June 14, 2017, 07:26:28 PM |
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For storing Bitcoin in the safest place there is only one option in the my mind that is to store them in my desktop wallet. I have heard that from one of my friend and after that I'm using only that wallet if I have to tour amount of Bitcoin.
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el kaka22
Legendary
Offline
Activity: 3514
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
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June 14, 2017, 08:01:10 PM |
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Offline wallet, but only if you won't be using your Bitcoins on a daily basis
Actually keeping bitcoins offline is not that hard and slow as people might be thinking. A lot of people say that spending bitcoins should be kept in online wallets but actually offline wallets are same too they just need to be kept synchronizing since that is the basic thing. I don't think you can be hacked with offline wallets unless you have some malwares in your computer. |
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sasaku bitbit
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June 14, 2017, 08:02:01 PM |
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COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.
I agree that cold storage is the best way. For newbies, electrum could be the best option. You can store your coins in cold storage and all you have to do is save the seed in a safe place. This is the one I also prefer for storing in offline to avoid hacking and can be only access through personal ways. Though I want these offline wallets I still prefer the online one but I'm not stacking too much bitcoins because I use them as paying some things or transaction I had made. It had an easy access though it is vulnerable to hacking if using online. in my opinion it should save the safest storage way to bitcoin wallet blockchain in advance because I desperately believe against them for now if I need the money living selling bitcoin is there in my wallet may be that way for me the safest while waiting and holding an increasingly high price bitcoin price when it's not until I get the big advantage |
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Weatherby
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June 14, 2017, 09:40:32 PM |
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What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
The safest way is to keep you coins where you have full control over your coins,which means you have the private keys to your coins,the rest are just ways to store your coins for the mean time and the risks involved are many as anything could happen,but if you could save guard your private keys then it is the best way to save your asset. |
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lighpulsar07
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June 14, 2017, 10:05:14 PM |
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What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
Get a paper wallet and send your bitcoins to your paper wallet address and save your private key in safe place because if you lose it you will no longer access the paper wallet. Or download bitcoin core to your pc but you will have to download the whole blockchain it think it's over 100gb. |
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ethereumhunter
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June 14, 2017, 10:11:47 PM |
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i think every wallet we know its safe to keep bitcoin and its depend for us how we keep and save that wallet. as long as only us that will know the place and what is the private key, then the wallet its still safe and no one can used the wallet. i am prefer with offline wallet and android phone wallet but for android phone wallet, we need to hide the wallet from the other people that maybe will hack our wallet.
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easynote
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June 14, 2017, 10:14:51 PM |
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Offline wallet, but only if you won't be using your Bitcoins on a daily basis
I would have an offline wallet as well since the people that put their coins on some kind of wallet online has more of a risk of it getting tampered with. There’s a bunch of Bitcoin clients available and it does not require much to download it as of now since there is not that many people using Bitcoin. |
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Alexila
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June 14, 2017, 10:16:43 PM |
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Offline is always the safest.
Trezor or paper wallet for myself.
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pinkpanther03
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June 14, 2017, 10:32:17 PM |
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COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.
I agree that cold storage is the best way. For newbies, electrum could be the best option. You can store your coins in cold storage and all you have to do is save the seed in a safe place. Yes, I do agreed electrum is one of the best in terms of storaging bitcoin, in fact at the present time now I am using electrum wallet to store all my bitcoin in a long terms. and multibithd is also a good one. |
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Shenzou
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June 14, 2017, 10:32:44 PM |
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I think that poeple are overreacting when it comes to online wallets, i mean what is the safest using an offline wallet and storing your coins on desktop where you are vaurnable for hacks and your pc could stop working and you can't do a thing about it, or store them on online wallets where they are stored on servers with complete secuirrity.
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