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Author Topic: Best place to store bitcoins during the forks  (Read 1277 times)
limopc
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October 24, 2017, 07:47:15 AM
 #61

I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.

I have already moved a day ago to paper wallet.

But why you think about the calculation above?
n0ne
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October 24, 2017, 07:47:45 AM
 #62

I think the best way to keep your Bitcoin during fork is on hard wallet or paper wallet. But since I don't have any of this, I decided to use my Bitcoin to buy more alts during fork because that is the right time to buy more alts due to cheaper prices. I will wait till its prices rise again after the fork. I don't suggest that you keep your Bitcoin on exchange wallets. It is too risky for me. Better to put it in an offline wallet or downloadable wallets if you don't have hard wallets or paper wallets.
Such a much secure manner of holding is not required. On my view, it's good to keep hold in whatever the wallet might be with the private keys in hand. Importantly during the past fork too, mine were in the online wallets and periodically they used to give notifications that so an so not be done till the targeted time. Finally everything was safe as it was there before the fork, this time too all my holdings were on the same wallet.

Redanim
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October 24, 2017, 01:17:34 PM
 #63

There are several opinions: Transfer into your local wallet. Transfer into online wallet. Transfer into the hardware purse. Leave bitcoins on the stock exchange. By my opinion u can store bitcoins in any wallet, as long as you have private keys and no one else has them.
rony01941
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October 31, 2017, 12:02:27 PM
 #64

I did not believe in Bitcoin before. But now I've heard many people and know about its needs. Bitcoin can change the life of a person. Many people invest a lot of money in bitcoin. It is a trust-dependent coins. All can trust. Make life and change life.

rcoins0720
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February 23, 2018, 02:08:36 AM
 #65

As long as you have your private keys then you are good to go
Wallets are secured just avoid making transaction during it.
Other wallets will support tbe upcoming coins sooner .
Hope that all the comments/post here are true because I read some speculations and how to do in new split if coin is came from a fork. there should be a intructions to do or posted if that happens
yonjitsu
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February 23, 2018, 02:53:36 AM
 #66

As i have known, hardforks will give you the equivalent value of cryptocurrency you have in your cryptoexchange wallet. Just like Bitcoin Cash that i received from bitcoin hardfork in my Yobit wallet so it's up to you what cryptoexchange you want to use.

michellee
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February 23, 2018, 04:26:42 AM
 #67

I think we can still store bitcoin in every exchanges that supports the forks and we don't have to worry with something bad that might be happen because I am sure that the exchanges will protect their members from the attackers. but if you are still worry with bad things, then you can move your bitcoin to another wallet like paper wallet, third party wallet like jaxx, mycelium or else but I don't think that you can get the free coins from that wallet because it is available on the exchanges that supports the forks.

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#davidnugroho
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April 20, 2018, 09:13:52 PM
 #68

I was watching and reading all about the upcoming forks and where to store your btc during them.
I was wondering if ( i know the asnwer of this question but i wanna duble check with the comunity) is it ok to store btc at freebitco.in during the forks to be safe about your coins. I have read their policy about that and i believe it is the safest bet.
What do you think guys?
 

I prefer my bitcoin wallet and I will not get it elsewhere because I think it's safer just waiting for the price of the coin to go up.
deepcoreotc
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April 20, 2018, 09:49:50 PM
 #69

In you own secure wallet that you own and have the private keys for, no safer place than this one.
BossMacko
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April 20, 2018, 09:58:56 PM
 #70

I am using electrum wallet to store Bitcoin for forks purposes, since they are always updated after the fork and i can easily import from that software to get the forks coin since i've been using it in every forks. Some exchange and gambling sites are also giving their customer the fork coin so you don't need to do anything else.
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