Best way to hold coins?

[Maveth13]

Best way to hold coins? Use hard wallets. No matter how small the amount you have, never leave it in an exchange for a day or even hours. None of them is going to help you when they get hacked - which happens more often than you'd think - and lose funds.

[Convington]

ok.  Looking into hard wallets.  I already got the long-holds off Bittrex.  It's a step in the right direction, it seems.

[shirackjs]

If you intend to hold your coins for long term, a hardware wallet is a good choice.
Don’t hold your coins in exchanges for long term, you don’t have control over your coins and anything can happen.

[bhobafett]

The best way to hold your coin is when it reach your expected price then get ready to release it. Just to avoid certain regrets if you sell it in a low price.

[tylerik1]

You should store your coins in a cold wallet like Trezor or something. You shouldnt use online wallets, because you dont know who is the owner of the server. Maybe he is going to scam you one day..

[kryptqnick]

Hey guys,

I've read around a bit, googled, but I know many are active traders - so I'll ask here:

Background:  I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold.  Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets.  I also have Exodus and mine ETH and DCR to those wallets.

What is the preference?  

• Have my own PC-based wallet and back it up?
• Use a hard-wallet? (thinking like Trezor)
• Other?

Thanks.  Just trying to figure this all out

If you hold the currencies short-term then bittrex is quite all right. If all the currencies are for long-term holding then I would advice myetherwallet for eth, blockchain.info for ethereum and in general just choose the most recommended wallet for each currency. Yet of course the safest way to keep currencies is an so-called paper wallet with none of your access keys on your computer. Surely thus you risk to lose the damn piece of paper and coins along with it.

[verifyas]

Exodus works really well, and supports a bunch of different coins (ETH, BTC, OMG, LTC, etc..)

[chalkboard17]

Holding on your computer is the best way. It is not very hard to download and learn how to use a pc wallet. You just need to know how to read and some knowledge about computer

[MarioLuck990]

Lykke wallet, its almost as secure as an offline wallet! Personally I think is equally secure because company offers protection is case that they stole your money, full refund!

[3kpk3]

Hey guys,

I've read around a bit, googled, but I know many are active traders - so I'll ask here:

Background:  I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold.  Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets.  I also have Exodus and mine ETH and DCR to those wallets.

What is the preference?  

• Have my own PC-based wallet and back it up?
• Use a hard-wallet? (thinking like Trezor)
• Other?

Thanks.  Just trying to figure this all out

I believe that the best way to store bitcoins would be to use paper wallets or hardware wallets(Trezor). These methods are way better than other methods and chances of losing our coins are rare to none.

[rathaha10]

You should store your coins in a cold wallet like Trezor or something. You shouldnt use online wallets, because you dont know who is the owner of the server. Maybe he is going to scam you one day..

You can buy that thing, but it cost money like 100 dollars. You should use some online wallets, but only trusted wallets like Blockchain everyone i know are using it. So i assume that it is safe, because many people are using it.

I am using coinpot and blockchain to hold my bitcoins. I can also add litecoin and dogecoin to my coinpot account so its handy.

[Convington]

No worries.. I already downloaded several wallets, have paper copies of my keys, and transferred the long-term holds from Bittrex.  I appreciate the help and support, it wasn't terribly difficult once I started.  I already had Exodus as mentioned in one of the initial posts (I think) - so some of my coin, including my mined coin are with that wallet.  Now it is just watching and waiting for the transfer back and the sell once they near the mark I'm looking for.

Thanks! 

[danny0201]

Hardware wallets are safest. But if you don't have huge investments then install a clean windows on a VM and install the wallets on there. Make a backup on a usb or external hd. And have 1 extra copy at a relatives house in case of a fire or something. And have the wallets and files password protected.

[BTCGOLD]

Hardware wallets are safest. But if you don't have huge investments then install a clean windows on a VM and install the wallets on there. Make a backup on a usb or external hd. And have 1 extra copy at a relatives house in case of a fire or something. And have the wallets and files password protected.

My business partner by the lack of any portfolio security has lost a lot. We often have to deal with hacker attacks. Unfortunately, many different forms of protection of the wallet have to be paid, but I think if someone comes to business seriously should take care of it. Too much to lose.

[rgm108]

I use a hardware wallet, the Nano Ledger S.

Great bit of kit.

[AdamCooper]

I use myetherwallet for ether and erc29 tokens. I fins it very handy for keeping lots of different tokens in 1 place. Beware of phishing scams, never click on links or log in if someone emailing you tells you that you need to.

[Mihaylovic]

I bought a very cheap brand new notebook. I have been using it only for my wallets since beginning. I did not download anything to that computer. I didnt surf or do anything except using my wallets. I believe it is enough safe for me.

[wolfracer]

I think the best way to save coins is with a hardware wallet since this way you avoid hacking problems, I attach a thread of btc talk  where an user lost the equivalent of $ 500K apparently connected to an infected wifi network.

https://bitcointalk.org/index.php?topic=2224214.0

I guess I don't need to add more details to know which is the best option

[asadul]

best way of holding bitcoin and a couple of other altcoins worth holding such as litecion is to use a cold storage. a paper wallet or an always offline computer or if you are willing to pay, a hardware wallet are examples.
the best way to hold other altcoins is in an exchange inside a stop loss order open and ready to be dumped before you lose money when the dark days of dumping starts unavoidably for all of the altcoins.

[Nalbo]

For long term storage, I'm planning to back up private keys and save them to two different storage. An USB and an external hard disk. With wallet of each coins in my desktop.