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Author Topic: Safest way to keep bitcoins?  (Read 18351 times)
UCHCHILD
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June 14, 2017, 10:35:28 PM
 #41

For me I will suggest to have online wallet since I am using that for so long, I mean from the very start when I use bitcoin. I found it safest than others bevause I can access it anywhere and anytime as long as I am connected to the internet. Actually most of here people will suggest you to get Cold storage since it not hackable and cannot be accessed by anyone but yourself alone.
But it is all your choice to where you think is safest and if you can access it fastest so you will not regret.
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June 14, 2017, 10:45:59 PM
 #42

I found it safest than others bevause I can access it anywhere and anytime as long as I am connected to the internet.
How does that makes anything safer? This actually makes your wallet multiple times more susceptible to hackers and scammers. Having your wallet accessible anywhere means that your money is open for anyone that finds a breach on the website storing your Bitcoins.

The way you talk about this, makes it look like that you don't have more than 0.2 Bitcoins on your wallet simply because this is just a dumb decision and nobody should have this kind of mindset. If you care about your coins, you SHOULD at least save them on a wallet stored on your computer. You don't even need a cold storage if you think that is too overkill.

But it is all your choice to where you think is safest and if you can access it fastest so you will not regret.
You can think whatever you want. But it's a fact that a cold storage is safest than a web wallet. I hope you never get the chance to experience being hacked and losing all your coins just because you wanted a "fast access" for your coins.

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June 14, 2017, 10:46:58 PM
 #43

For me right now to be safe of my bitcoin and other cryptocurrency i am planning to buy ledger nano s wallet its a multi cryptocurrency wallet that i think its more safe to hold our bitcoin and ethereum or any altcoin to hold it for a long time.
Trezor or also one of the good and cheap wallet to hold your bitcoin for a long time.But if you don't want to spend for the wallet bitcoin core or electrum for me are awesome wallet and good for holding your bitcoin for a longer time..

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June 15, 2017, 01:09:46 AM
 #44

WOW!!!

I have learnt quite a lot by reading your topic....

Thanks for raising such a topic.

Quote from: ICOBank link=top[/i
[/i]ic=1965985.msg19547366#msg19547366 date=1497412296]
What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

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June 15, 2017, 01:18:31 AM
 #45

To be honest bitcoin wallets are very secured. Alway have two step step verification turned on for your Cold storage. Write down the paper keys or print it and keep it safe. If you have two steps enabled no one can really hack into your wallet that easily. Even I was worried about the storage of bitcoin but I completed read the two step verification and its importance in your long term use. If your wallet doesn't support the two step verification I would really suggest you to change the wallet if you planning to put in large money in there. Do not put your money on exchanges they can turn into scam at any time if they loose their assets, you will loose too.

 
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June 15, 2017, 01:27:04 AM
 #46

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
I guess the best bitccoin wallet you can use is a hardware wallet so i guess it is the most safe because it is a hardware so definitely it is offline bitcoin wallet so probably it is not prone in hacking because it is offline i guess and also it can only be steal when your hardware has been steal.
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June 15, 2017, 02:26:36 AM
 #47

Im into bitcoin since 2016 and I keep it in blokchain and coinbase apps which 2fa installed. I feel secured were my funds is stored in that wallet. So until now Im using this wallet apps and so far Ive got no encountered problem.
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June 15, 2017, 03:57:47 AM
 #48

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
If you have fear to loss your Bitcoin then I will suggest to use bloclchain.info , At the bloclchain no one can access your password until you exposed to anyone , and also no one can reset the password of your account because there is no option to reset the password of blockchain  . After deposit of the fund in blockchain you will find the option of backup for the future problem ( never share data of your backup also) .
If still after the blockchain you have any problem of fear them I will suggest you for the paper wallet storage where you can save your Bitcoin in offline , but you needed to follow some steps to create own offline wallet , so that no one can hack your wallet because you made everything in offline , when you needed to transfer your Bitcoin then import your private key in the block chain or in mysselium and use according to your need .
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June 15, 2017, 04:45:21 AM
 #49

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
I use a wallet that has double security to store btc like google authenticator or two-factor authentication. actually to secure your account it depends on yourself carefully when receiving emails that link your wallet account because of the possibility of phishing.

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June 15, 2017, 04:58:03 AM
 #50

IMO i would use cold storage/hardware wallet, if i should keep bitcoin using web wallet i will use blockchain.info, bittrex or poloniex to store my bitcoin and make sure you use 2Auth to make it secure
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June 15, 2017, 05:40:39 AM
 #51

IMO i would use cold storage/hardware wallet, if i should keep bitcoin using web wallet i will use blockchain.info, bittrex or poloniex to store my bitcoin and make sure you use 2Auth to make it secure

I agree with you on the hardware wallet but the web wallet no matter the 2 or 100 factor Authentication it is still centralized and has 50-50 chance or risk being hacked like the OP is worried about.
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June 15, 2017, 06:35:30 AM
 #52

There's no safe in digital world and it is depend upon you on how to handle that kind of treat to your bitcoin.
Just trust your bitcoin wallet provider and cash-out some of it.
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June 15, 2017, 06:39:05 AM
 #53

For me, it is safe in standalone wallet where you can save your private keys. There is no safe  place to store it digitally but it depends on how to handle your important data. You can print and store your private keys in your safety deposit box if you have.

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June 15, 2017, 07:43:33 AM
 #54

Even with the risk of hacking, and the like I still think the best place to keep bitcoins is your own personal computer or a paper wallet made from it "and re-accessed when needed through your PC",
Keeping your money with other people has repeatedly been proven a very bad idea, from mtgox to bitfinex, always keep them with you IMO and the risk of "hacking" would be lower, with just a good AV and care when browsing.
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June 15, 2017, 07:46:50 AM
 #55

The safest way of keeping bitcoins safe is go for desktop wallet like Electrum, which gives you full rights to use anyway and holding the private keys for bitcoin address is good but in web wallet your wallet is in control of the site owner. So it is not good to keep bitcoin in web wallet and exchange also.
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June 15, 2017, 03:19:12 PM
 #56

In able to keep your bitcoin safe I can recommend the poloniex.Poloniex is an online money trading you can invest your bitcoin at poloniex and by that your money can grow faster.In my experience my invested money was already thrice to my investment.

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June 15, 2017, 03:19:30 PM
 #57

The safest way would surely be a paper wallet, kept in multiple copies in safes and the like, that would be the safest method IMO, Another good way is a hardware wallet and keeping your coins protected.
Using a web wallet isn't the safest but something like blockchain and others which allow your access to your coins is acceptable IMO since the open-source code doesn't allow them access to your btc's and keys.

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June 16, 2017, 05:24:29 PM
 #58

only a properly created cold storage or a trusted hardware wallet.
you can search for some hardware wallets if you are not tech savvy or don't want to bother learning how tos and if you are willing to pay. things such as Trezor or Ledger nano would work.

or you can learn more about cold storage and do it yourself easily. like creating a paper wallet with tools such as https://github.com/pointbiz/bitaddress.org or make a Trezor like cold storage on your USB disk yourself

https://en.bitcoin.it/wiki/Cold_storage
Precisely, as of now there are lot of ways to keep your bitcoin safe. Some bitcoin users use online wallet to keep their bitcoin safely and secure because they know that no one will try to stealth it. However, there are some people still use the cold storage or hardware wallet. Furthermore, I think the best way to keep your bitcoin safe is to store it in online wallet.
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June 16, 2017, 05:39:55 PM
 #59

The safest way in keeping bitcoins is to withdraw it and store it in your bank account that's the best thing to do for me if I will store my bitcoins in the safest way as possible. First you need to make it on your country's currency. And now open a bank account for you for your investments, gamblings and such. Well keeping bitcoins in your wallet is not safe to the fullest I think because in some cases or reviews the owner kept $1000 in his wallet but the company of that wallet stole the money and banned his account for no reason. So make sure to open a bank account for yourself.
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June 16, 2017, 05:40:07 PM
 #60

You can make one paper wallet or buy trezor (hardware wallet). I am using paper wallet which I have created from bitaddress.org (using their source code) in offline mode so that there will be no trace of my wallet details anywhere online. I think this is the safest and cheapest way to store your bitcoins, I have never lost any satoshi out of it.

 
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