Bitcoin Forum
December 15, 2017, 12:22:59 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Xapo  (Read 445 times)
boyptc
Hero Member
*****
Offline Offline

Activity: 658


★777Coin.com★ Fun BTC Casino!


View Profile
September 02, 2017, 07:13:27 AM
 #21

Hello,
I am considering using Xapo cold storage and multisig wallet.
Can anyone share their experience?
N

If you just want to use xapo as cold storage nothing wrong with it, no worries about the fees because you'll be storing there bigger amount of bitcoins, for sure. But be aware that you don't hold the private keys, why not try to consider a local desktop that is dedicated as your wallet? or just buy a laptop that you'll be keeping only for storing your bitcoins? This what I've done to my old laptop, it serves now as my wallet/cold storage.

1513340579
Hero Member
*
Offline Offline

Posts: 1513340579

View Profile Personal Message (Offline)

Ignore
1513340579
Reply with quote  #2

1513340579
Report to moderator
1513340579
Hero Member
*
Offline Offline

Posts: 1513340579

View Profile Personal Message (Offline)

Ignore
1513340579
Reply with quote  #2

1513340579
Report to moderator
1513340579
Hero Member
*
Offline Offline

Posts: 1513340579

View Profile Personal Message (Offline)

Ignore
1513340579
Reply with quote  #2

1513340579
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Kemarit
Hero Member
*****
Offline Offline

Activity: 742


View Profile
September 02, 2017, 08:00:47 AM
 #22

Hello,
I am considering using Xapo cold storage and multisig wallet.
Can anyone share their experience?
N

If I were you I wouldn't consider a third party that will managed your bitcoin. I haven't used Xapo though, but the reviews I have read is not good about them. Some claim that they are charging fees a high as $7 which is reall quite high. if you really want to used cold storage for your bitcoin, then why not get a secured one like Trezor or Nano? Not that expensive plus you get your funds very secure for long time if you are thinking of holding your bitcoin long term. Or go to Electrum or Bitcoin Core as alternatives? There are a lot of better wallets out there that will let you have full control of your funds because you hold the private keys. Its better safe than sorry mate. So I advise you not to used Xapo as cold storage.

Tungsten-1
Full Member
***
Offline Offline

Activity: 238



View Profile
September 03, 2017, 12:29:19 PM
 #23

Better keep your Bitcoins on your local computer, it's much safer.
Or buy Rasberry Pi, install there Ubuntu with bitcoin wallet and store on this mini pc.

From my opinion its best answer , or if you want use wallet like a xapo i think better you use the blockchain.
Sorry for my bad english
your English could be dad but your suggestion is not bad at all it is good to use the blockchain for this purpose and still a lot of wallets are there such as I would like to suggest u to use the hardware wallet over xapo and paper wallets are also being use for the need of security so it is good to think about your bitcoin security and blockchain, hardware wallet, paper wallets are best for the bitcoin savings.


Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!