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Author Topic: Safest way to keep bitcoins?  (Read 18412 times)
abhishek_bittu
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March 06, 2018, 05:51:02 AM
 #1001

Hackers and thieves are always looking for their next victim; you certainly don't want to be in their line of vision. In fact, it's probably safer to just stay unassuming and keep your investment a secret.

The easiest way for you to lose your coins is if you just keep them on an unsecured and unsafe digital wallet. This includes leaving your crypto on your exchange wallets.

There have been many instances of trading platforms getting hacked. The most famous example is the Japanbased Mt Gox bitcoin exchange which was hacked in 2014. At the time, Mt Gox was the world's leading bitcoin exchange. Approximately 850,000 bitcoins were declared missing, and these totaled almost $450 million in 2014 dollars which, quite obviously, was already a significant
amount. In today's dollars, 850,000 bitcoins would be worth billions. Many people lost their fortunes in an instant, simply because they trusted the platform and didn’t move their bitcoins to more secure storage.

After the Mt Gox fiasco, bitcoin owners started being more careful with their cryptocurrencies, and paper wallets, and hardware wallets rose in popularity.

In terms of convenience, digital wallets are far more superior to paper or hardware wallets. All you need is an Internet connection, and you’d have access to your crypto. You could log in to any web browser or your mobile wallet, and
you can easily make purchases anytime you want. While storing small amounts of crypto in online wallets is perfectly fine, it's best if you move the bulk of your crypto-wealth to offline storage.

Yes, offline or cold storage is less convenient, but it's definitely safer for you and your cryptocurrencies. This is why hardware wallets are selling like hotcakes right now. It's the best of both worlds basically. You're storing your crypto
offline, but if you need to make a transaction, say, you want to transfer a few coins to your online wallet, you can do so quickly just by plugging it into your computer.

Hardware wallets are very secure, and so far, we haven't read any
reports of hardware wallets getting hacked. You do need to shell out some cash though, but when you consider what you’re electronically protecting, you can easily look beyond the price.

Like most things tech, the realm of cryptocurrency can be a bit complex to master and is still new to many. But the advantage of purchasing this currency is surely worth your investment in both time and money.
gernoto
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March 06, 2018, 05:55:28 AM
 #1002

Keep them in a Trezor or Ledger Nano, you need to buy them but they are safe from hackers. Just keep them safe from the other hands. Do not ever keep bitcoin in a digital wallet.

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cramcram21
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March 06, 2018, 06:38:13 AM
 #1003

I think the safest way to keep your bitcoin is by putting it in a hard ware wallet ,
They couldn't access it because it have some verification needed .

wafer_enak
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March 06, 2018, 06:45:14 AM
 #1004

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
Always make sure the address of the site you are visiting is correct
Use two-factor authentication across the Bitcoin wallet and email address
Use the password manager program
If you're using a Gmail account, perform a security check.
watchurstep45
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March 06, 2018, 06:45:55 AM
 #1005

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

 i think the most safest way to keep your bitcoin is cold storage . there are a lot of sites bitcoin storage that have a 2FA and it is very safe to keep.
AlexWilliam502
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March 06, 2018, 09:06:07 AM
 #1006

if we use the existing account on your wallet with indiscriminate hacker may be easier to steal it. I think it is secured because it needs an account to log in and that account is connected to.my email address which I assured to be secured. also, there's an additional pin code to add more security. Just don't let anyone to know your private keys.
Alexis.Nick
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March 07, 2018, 02:28:47 AM
 #1007

Make sure to keep safe your wallet if you want to keep your bitcoins safe. Wallets are the one who is storing our bitcoin so to protect our bitcoin the wallets where our bitcoin must be strongly protected from criminals like hackers. But also we must have an extra care of our wallets like we must not give our user names and passwords to others. I also want to share some of the techniques I read about that in order to protect our bitcoins, they are advising us to used different kinds of wallets.

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Kaiwillliamjames003
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March 07, 2018, 02:33:12 AM
 #1008

If you are looking for confirm profit in small intervals of time, Crypto Assistance is the best application for that. It has a team of very good analysts and researches who made a very reliable algorithm and it will be getting better and better as time passes. Another thing is do not stored all your btc in one wallet address. It's wise to spread out your Bitcoin in small amounts across various wallet providers. Always be alert and do checking your account from time to time.
faranisa
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March 07, 2018, 02:35:37 AM
 #1009

I keep bitcoin assets using MEW which I connect with metamask. Until now still safe, but it must be careful.

Are there any safer and easier suggestions?
endlings
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March 07, 2018, 02:46:09 AM
 #1010

I think for an unstable investment like bitcoin, not suitable for long-term holdings, when the proceeds reach the expected revenue, you can consider selling.
khai29
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March 07, 2018, 10:00:01 AM
 #1011

The safest way to keep bitcoin is in our hand but what if you forgot where you put or keep,but beside from that its OK to keep in the internet through wallet its also safe all you have to so is write down all the detail of your wallet so that you can't forget.
EVIAJOHNPAUL
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March 07, 2018, 10:13:01 AM
 #1012

think before you click the safest way to keep bitcoins are always check information before invest or to trade
lepricoin
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March 07, 2018, 10:17:03 AM
 #1013

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
The danger will always be present, for this it is necessary to share your finances, not to store them in one place. Also you need to adhere to the policy of safe storage of passwords.

dvillier
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March 07, 2018, 10:28:59 AM
 #1014

Make a point to be careful your wallet in the event that you need to guard your bitcoins. Wallets are the person who is putting away our bitcoin so to ensure our bitcoin the wallets where our bitcoin must be firmly shielded from lawbreakers like programmers. Yet in addition we should have an additional care of our wallets like we should not give our client names and passwords to others. I additionally need to share a portion of the methods I read about that with a specific end goal to ensure our bitcoins, they are informing us to utilized various types concerning wallets.
Snowys
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March 07, 2018, 10:41:34 AM
 #1015

I keep bitcoin assets using MEW which I connect with metamask. Until now still safe, but it must be careful.

Are there any safer and easier suggestions?
I think we should make a wallet to secure our bitcoin, that it's safe and no hackers can hack it and our bitcoin is safe for our future and we have to protect our wallet too.
Neko Mamushi
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March 07, 2018, 10:42:26 AM
 #1016

In the event that you wanna store it online at that point there is no arrangement as it is online regardless of how secure it is programmers still discover a security mistake or any blunder which enables them to get your coins. As indicated by me most trusted online wallet would be xapo. Or on the other hand else download electrum or the authority btc to have control over your assets.

On the off chance that regardless you feel your PC may be powerless simply purchase a disconnected wallet like trezor or record they are the most secure one.
longskie0327
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March 07, 2018, 10:54:43 AM
 #1017

Since it is virtual currency you need to secure your money too in the same way through virtual wallet that way it safe just keep your password protected so that no hacker will able to take it or steal it.. other uses preventive measure such as Metamask
Wundariesty
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March 07, 2018, 12:12:00 PM
 #1018

cash or bitcoin isn't a physical thing like a disaster to move starting with one place then onto the next

A bitcoin wallet is a place to keep their keys. These keys are utilized to spend Bitcoin, BitCoin, which exists in the measure of the boycotted and blocked exchanges, which are worked by each individual around the globe who are running a full hub customer
Sacred Fires
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March 07, 2018, 12:12:11 PM
 #1019

Experience directs that the most ideal approach to safe-keep bitcoin is obviously Cool Stockpiling.

Extraordinary alert ought to be practiced while getting to your frosty put away bitcoin - it is best to do as such through another machine that is uncompromised and just if its exceptionally important to do as such.

An Equipment Wallet is additionally very suggested and everybody ought to genuinely think about getting one.
nonsonote
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March 07, 2018, 12:31:19 PM
 #1020

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
One of the good ways to keep bitcoins is to store them into a desktop wallet. Just keeping it to an online wallet can be dangerous and it can be subject of hack. On the contrary desktop wallet are on private computers and it has personal security keys unto it.
Something more secure is the hardware wallet too. Example of it is a USB drive. It is a physical device that you can have around with you.
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