Where should i keep my bitcoins?

[Ytrap1]

Hey!

I'm pretty new to bitcoins, i bought 0.05 BTC yesterday and 0.01 ETH. I keep Bitcoins in blockchain wallet and etherium in first mobile app wallet that came up in search.
0.05 Isn't much, but i plan to buy more in future. Are they safe? Should i make... Cold storage? If yes, how to make one/which one to download? Should i get usb drive just for that (if i will ever get more than one btc ofc)

Some more questions:

How to get bitcoins back from cold storage?
What are private keys? Public keys?
Why transaction fee is this large?
What is segwit (different topic but i saw it often in forum!)

Thanks!!

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[BitcoinBarrel]

Paper wallets are the safest way to store your Bitcoins, in my opinion.

1. Open http://bitaddress.org in a Private/Incognito window
2. Turn off your Internet connection/Airplane mode
3. Generate a new Bitcoin address/Private Key
4. Print your Paper Wallet
5. Close the Incognito Window
6. Turn back on Wifi

Now you can send your Bitcoins to the paper wallet and you control the private keys. You can import the private key into blockchain wallet when you're ready to spend.

[BitcoinBarrel]

How to get bitcoins back from cold storage?

Import/Scan the Private Key QR code into Blockchain wallet or other wallet app

What are private keys? Public keys?

Think of the Public key as your "Username" and the Private Key as your "Password"

Why transaction fee is this large?

I don't really think it's that large. You can send $1000 worth of Btc for like 40 cents

What is segwit (different topic but i saw it often in forum!)

Segwit or Segregated Witness is a feature that speeds up transactions. You can call it an alt-coin if you will, but it is what it is.

[Orangina]

I don't think storing your funds in cold storage is necessary at this point as this is no a big amount. I'd go with Electrum If I were you. If you ever printed a wallet (steps given by the user above) then you simply need a wallet that scan private keys and import them such as Coinomi or you can import them to Electrum, Bitcoin qt etc.

[Ytrap1]

Paper wallets are the safest way to store your Bitcoins, in my opinion.

1. Open http://bitaddress.org in a Private/Incognito window
2. Turn off your Internet connection/Airplane mode
3. Generate a new Bitcoin address/Private Key
4. Print your Paper Wallet
5. Close the Incognito Window
6. Turn back on Wifi

Now you can send your Bitcoins to the paper wallet and you control the private keys. You can import the private key into blockchain wallet when you're ready to spend.

Thanks a lot for your answers! Shame that my printer isn't working so this will have to wait.

Also, is it safe to print it more than once? I mean if i would lose first copy by mistake or destroy it somehow.

Alsoo, is there a limit of how many times i can send bitcoins into this new paper wallet?

[BitcoinBarrel]

Paper wallets are the safest way to store your Bitcoins, in my opinion.

1. Open http://bitaddress.org in a Private/Incognito window
2. Turn off your Internet connection/Airplane mode
3. Generate a new Bitcoin address/Private Key
4. Print your Paper Wallet
5. Close the Incognito Window
6. Turn back on Wifi

Now you can send your Bitcoins to the paper wallet and you control the private keys. You can import the private key into blockchain wallet when you're ready to spend.

Thanks a lot for your answers! Shame that my printer isn't working so this will have to wait.

Also, is it safe to print it more than once? I mean if i would lose first copy by mistake or destroy it somehow.

Alsoo, is there a limit of how many times i can send bitcoins into this new paper wallet?

You can take a screenshot of the paper wallet and save to a jpg file. You can also copy the Public/Private key in a Read-only text file for backup.

[Ytrap1]

Paper wallets are the safest way to store your Bitcoins, in my opinion.

1. Open http://bitaddress.org in a Private/Incognito window
2. Turn off your Internet connection/Airplane mode
3. Generate a new Bitcoin address/Private Key
4. Print your Paper Wallet
5. Close the Incognito Window
6. Turn back on Wifi

Now you can send your Bitcoins to the paper wallet and you control the private keys. You can import the private key into blockchain wallet when you're ready to spend.

Thanks a lot for your answers! Shame that my printer isn't working so this will have to wait.

Also, is it safe to print it more than once? I mean if i would lose first copy by mistake or destroy it somehow.

Alsoo, is there a limit of how many times i can send bitcoins into this new paper wallet?

You can take a screenshot of the paper wallet and save to a jpg file. You can also copy the Public/Private key in a Read-only text file for backup.

And probably last question, what are pros and cons of using paper wallet like this instead of Electrum one that other user said?

[Orangina]

And probably last question, what are pros and cons of using paper wallet like this instead of Electrum one that other user said?

Paper and desktop wallets are not made for same purpose. Paper wallets are mostly for long term storage, basically you print, send the funds there and forget about them while desktop wallet are mostly for daily uses. As for the security, If your PC is not infected then your wallet is safe, and for the paper, as long ans you are hiding it in a safe place, you are fine.

[KarlS639]

And probably last question, what are pros and cons of using paper wallet like this instead of Electrum one that other user said?

Paper and desktop wallets are not made for same purpose. Paper wallets are mostly for long term storage, basically you print, send the funds there and forget about them while desktop wallet are mostly for daily uses. As for the security, If your PC is not infected then your wallet is safe, and for the paper, as long ans you are hiding it in a safe place, you are fine.

What do you mean by a "paper" wallet?

[BitcoinBarrel]

And probably last question, what are pros and cons of using paper wallet like this instead of Electrum one that other user said?

Paper and desktop wallets are not made for same purpose. Paper wallets are mostly for long term storage, basically you print, send the funds there and forget about them while desktop wallet are mostly for daily uses. As for the security, If your PC is not infected then your wallet is safe, and for the paper, as long ans you are hiding it in a safe place, you are fine.

What do you mean by a "paper" wallet?

A paper wallet is just a piece of paper with the Public and Private keys. You can write down your private keys with a pen on notebook paper and technically is a "paper wallet".

[demsybtc]

Trezor hardware wallet is safe, easy to use, simple setting up. Can consider if you were to be getting a hardware wallet

[dugidox]

There is alot opinions, my personal funds keeper is Bitstamp.
Why?
Because i do not trust myself and paper wallets, neither i trust Nano Ledgers, i wont reveal how much, but i have higher stake and Bitstamp is first fully licensed BTC exchanger in Europe,
which operate like bank do, guarantee for your savings/funds

[Rheachan1425]

Paper wallets are the safest way to store your Bitcoins, in my opinion.

1. Open http://bitaddress.org in a Private/Incognito window
2. Turn off your Internet connection/Airplane mode
3. Generate a new Bitcoin address/Private Key
4. Print your Paper Wallet
5. Close the Incognito Window
6. Turn back on Wifi

Now you can send your Bitcoins to the paper wallet and you control the private keys. You can import the private key into blockchain wallet when you're ready to spend.

Thank you for the suggestion you posted.
I'm going to buy bitcoin and I'm going to do what you say.
I think it's a safe storage.

[bitorama]

If you have a lot of bitcoins, Ledger Nano S is a good choice.

[Niya]

It depends on your goals.

If you wanna spend, you can use web wallets like blockchain.info.
If you wanna trade, put them on exchanges.
For long-term storage, instead, I suggest you to use Electrum. A cold storage isn't so necessary, as well as paper wallet. A USB stick with Electrum portable version on it should be enough.

For ETH you can use myetherwallet.com.

[Dudeperfect]

How to get bitcoins back from cold storage?

- You can always use any web wallet application to sweep bitcoins from paper wallet to your web wallet. Remember you are sweeping ALL OF THE BITCOINS from the paper wallet while importing it in web wallet otherwise, you might lose the rest of the coins if you try to recover part of them.

What are private keys? Public keys?

- You will need public keys to accept Bitcoin payment just like your email address that you share with others to receive emails from them. On the other hand, you will need private keys to spend your Bitcoins just like a password for your email address which you use to read your emails.

Why transaction fee is this large?

- It depends on the network if there are high number transactions in pending in the network then you will probably need to pay little high fees to get your transactions confirmed. However please understand that you are making an international level of transaction and it's not that high in my opinion.

What is segwit (different topic but i saw it often in forum!)

See this guide: What is SegWit?.


Hope that helps.

[sabbathhawk]

Hey!

I'm pretty new to bitcoins, i bought 0.05 BTC yesterday and 0.01 ETH. I keep Bitcoins in blockchain wallet and etherium in first mobile app wallet that came up in search.
0.05 Isn't much, but i plan to buy more in future. Are they safe? Should i make... Cold storage? If yes, how to make one/which one to download? Should i get usb drive just for that (if i will ever get more than one btc ofc)

Some more questions:

How to get bitcoins back from cold storage?
What are private keys? Public keys?
Why transaction fee is this large?
What is segwit (different topic but i saw it often in forum!)

Thanks!!

The best way to store your bitcoins is hardware wallet like Ledger nano s. If you do not want to buy hardware wallet the best option is iOS app Breadwallet (it's for bitcoins). The are several for Android but I'm not sure which is the best.

[bxipp]

if it a small amount you can save it on bitcoin wallet app andriod/ios..there was plenty wallet ready to use.

[maokoto]

I think a blockchain wallet or other online wallets like coinbase or xapo are enough for small amounts. Not all that safe, but it is easier to send money, trade a bit... and keep your eyes on it.

For me it would be easier to lose my printed paper wallet than one of these accounts to get hacked and lose my bits there... 

But that's for me. I agree paper wallets are the safest.

[Mike Mayor]

Number one rule . Always own your own coins no matter if it's bitcoin or altcoin, you would need the private keys if you want to claim ownage of your coins. As long as you own the private keys you can import it into any wallet with support for private coins.

Electrum for me is the best. Online wallets maybe Blockchain.info or spectrocoin.