What is the best way to store my cryptocurrenices

[DainSLane]

I am about to buy 1 BTC. I need to know the best way to store it and also some insight into doing it. Thanks. Also where can I buy digibyte it's at a real low right now might invest a cheeky 50 and just hold it forever

If you have large amount of bitcoin you can use a cold storage to secure your bitcoin holdings  Paper wallets were the most popular type of cold storage because of it 100% security Cold storage is when you stored your bitcoin in a secure offline environment. Also you can try software wallets software wallets because it is physically stored in your hard drive just make sure to back up your wallet.

[bigmattana]

Can someone explain why a hardware wallet is better than a cold storage paper wallet?  If the hardware wallet fails, you would still need a paper backup of the keys, right?   

Also, is there a quick and easy way to use an offline phone or tablet to scan a paper wallet barcode, create a signed transaction, and then scan the transaction barcode with an online phone or tablet?  This seems like it would be safer than a hardware wallet and almost as convenient.

[sulendra12]

I am about to buy 1 BTC. I need to know the best way to store it and also some insight into doing it.

Hardware wallet or good desktop wallet such as Exodus or Electrum but just make sure you can access your private key because that's your money and avoid to store bulk of bitcoins on web wallet.

Also where can I buy digibyte it's at a real low right now might invest a cheeky 50 and just hold it forever

DGB availabe on Yobit : https://yobit.net/en/trade/DGB/BTC
Poloniex : https://poloniex.com/exchange#btc_dgb

[favila]

Can someone explain why a hardware wallet is better than a cold storage paper wallet?  If the hardware wallet fails, you would still need a paper backup of the keys, right?   

Also, is there a quick and easy way to use an offline phone or tablet to scan a paper wallet barcode, create a signed transaction, and then scan the transaction barcode with an online phone or tablet?  This seems like it would be safer than a hardware wallet and almost as convenient.

You just need the seed phrase and password to recover your hardware wallet. Either remember the seed or store it on paper.

I'm not qualified to answer your second question though.

[Lagduf]

I am about to buy 1 BTC. I need to know the best way to store it and also some insight into doing it. Thanks. Also where can I buy digibyte it's at a real low right now might invest a cheeky 50 and just hold it forever

juat try to use dekstop wallet or you can biy hardware wallet. And you will able to see all of the market that has listed digibyte but i recomend you to buy on polo

[Suicide_Rants]

Depends, convince or security.

If you want security, conciser cold storage. Not good if you want to spend it, but with tools like coinb.in, you can use it as a normal wallet. Cold storage means paper wallet. You can get one at walletgenerator.net, I use it as my wallet solution. I avoid syncing while preserving security. You can look up addresses with sites like blockchain.info or other blockchain viewers.

Now, if you want a normal wallet, I would recommend Exodus or Coinomi. By 'normal' I mean light wallet. They aren't reccomended for constant use, if you want to use a wallet that can be used with frequent payments like mining, then talk a look at a QT wallet. Takes forever to sync, recommended for mining and faucet payouts.

Forgot about Online wallets. No sync times, which is great, but who owns the privkeys, owns the wallet. Basically, if the people who own the online wallet want your coins, they can have it. Very convenient though, so good on that end.

Basically, it's all about choice. Depends what you want. There isn't a 'best choice'.

[BlockCAT]

My suggestion is to have both a hardware wallet and a paper backup. I have my hardware wallet at home, and then my paper one in a safety deposit box at a bank near me.

[BitcoinNewsMagazine]

Can someone explain why a hardware wallet is better than a cold storage paper wallet?  If the hardware wallet fails, you would still need a paper backup of the keys, right?   

Also, is there a quick and easy way to use an offline phone or tablet to scan a paper wallet barcode, create a signed transaction, and then scan the transaction barcode with an online phone or tablet?  This seems like it would be safer than a hardware wallet and almost as convenient.

1) Hardware wallets keep the private keys to your bitcoin securely offline yet allow you to send and receive conveniently, something a paper wallet can not do.
2) Not at present

Ledger Nano S hardware wallets are sold out till August. I think you can still find a Trezor at an elevated price. Digital Bitbox is available for $78 shipped two day from Switzerland. I use and like all three. The BitBox is bitcoin only and simpler to use than the others for someone new to hardware wallets.

[Mumbeeptind1963]

I am about to buy 1 BTC. I need to know the best way to store it and also some insight into doing it. Thanks. Also where can I buy digibyte it's at a real low right now might invest a cheeky 50 and just hold it forever

If you want to stored it, try to store it in the alt coin market buy alt coin and make it as you investment. Then put a two way authentication on it to secure your account. You may also try using offline wallet such as electrum. It is one  those things that might help you.

[indika]

I am about to buy 1 BTC. I need to know the best way to store it and also some insight into doing it. Thanks. Also where can I buy digibyte it's at a real low right now might invest a cheeky 50 and just hold it forever

you can hold it at coin base or download wallet and back up wallet.dat file and keep it some secure place,you can write it in to 2 or 3 cd and keep it safely,or you can save them on a usb device and keep it safely but you must keep some copy of it some other trusted place too