How do you secure your bitcoins?

[warrior333]

Now there are new viruses that do not crack passwords. Was a virus Petya today I read that there is a new virus Bad Rabit. They encrypt your data and for decoding extort money. It makes a risky way of storing your coins offline on the computer. It seems to me that the safest way is e-wallets. Only we must not forget about their own safety.

[yrreg ger]

Now there are new viruses that do not crack passwords. Was a virus Petya today I read that there is a new virus Bad Rabit. They encrypt your data and for decoding extort money. It makes a risky way of storing your coins offline on the computer. It seems to me that the safest way is e-wallets. Only we must not forget about their own safety.

Now that the price of bitcoin has reached another peak price, hackers will be more eager to find a way to steal money. The security of our wallets is our main concern. Aside from the security of our wallets which we are unsure, we can also apply a strategy of our own. For example is not storing all of our bitcoins in a single wallet, wallets that has high amount if bitcoin aren the most attractive wallets for them.

Earning bitcoin is fun, exciting and useful but of course we have to consider that there are people like hackers who would not care about your hardship in saving that money.

[keeee]

I also feel confused about it, but maybe for me the most important way to save it is to convert it into fiat and save it in a savings account at the bank.

Yes it is the best way to do to secure your bitcoin so that it wont be affected on the change in value every seconds. Beside from it you can also secure your bitcoin in different trusted wallet that can hold bitcoin. Be careful on the wallet that you are going to used because some wallet arr scammas like what all people are saying. Also make sure that you have of copies of your password or key password for the safetiness of your bitcoin there.

[Bezobraznike]

I also feel confused about it, but maybe for me the most important way to save it is to convert it into fiat and save it in a savings account at the bank.

Yes it is the best way to do to secure your bitcoin so that it wont be affected on the change in value every seconds. Beside from it you can also secure your bitcoin in different trusted wallet that can hold bitcoin. Be careful on the wallet that you are going to used because some wallet arr scammas like what all people are saying. Also make sure that you have of copies of your password or key password for the safetiness of your bitcoin there.

   I did opposite from that, I decided to keep my money in bitcoins, not in my bank account, bitcoins will worth
more in the future and I can make some good profit on top of my invested money, in the bank I am on the same.
   My choice is Electrum wallet. There is many others, the best I saw are Trezor and Ledger, nice wallets but
I still do not have so big amounts to pay for an extra protection. I made a research before I chose Electrum,
online wallets like Blockchain, Xapo and couple others are decent to keep there some little amounts, and to
use this wallets for daily use. If you wish to have a lot of bitcoins, pay for extra protection and buy some
good Ledger wallet.

[White Christmas]

Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos

I secure my bitcoin by using different trusted wallet and by keeping its key. Because that key is the only thing that I can used to recover it whenever theres a problem on it. Yes its also good to convert it into fiat currency because you have full assurance here for your money. If wont be affected of the volatility of bitcoin. For me these two was the best thing to do for the safetiness of my bitcoin.

[aardvark15]

Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos

I use paper wallets only to ensure security. I store hard copies of the private keys in several secure locations so I won’t lose them. I don’t trust online wallets, my computer hard drive, or exchanges.

I also avoid keeping that information on disks or thumb drives because data can get erased or corrupted. The best place to keep the private keys is in a safe deposit box and in a safe or fire safe. Don’t let anyone have access to it.

[hastag_80]

Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos

There are so many ways of securing bitcoins,in my own i just put it up in  my coins.ph wallet . I know  that my btc would secured and no one could scam on my accounts because of their two ways password & strict compliance of sign up account.

[aryaadikariyansyahsuwarto]

if you want to securely store bitcoins, make sure your private key is also placed in a safe place, and do not let anyone else your private key, and also you have to be careful on the link that is not to you, do not just click this link, so your wallet account got hacked for doing that

[Welsh]

Now there are new viruses that do not crack passwords. Was a virus Petya today I read that there is a new virus Bad Rabit. They encrypt your data and for decoding extort money. It makes a risky way of storing your coins offline on the computer. It seems to me that the safest way is e-wallets. Only we must not forget about their own safety.

I'm not sure what you mean by e- wallets, something like Trezor I assume? Trezor isn't any safer than cold storage. Trezor also requires an investment whilst cold storage is free to use. Offline wallets are safe if you follow the directions correctly. There's no way any hacker can access the private key as long as you follow the instructions correctly.

Trezor is decent for people who are neglecting security and do not want to go through the process of securing their wallet themselves and just want "plug and play"

[Creating N Action]

By saving in my wallet in my smartphone and it is also secured with private keys. It is the best way to save and invest money came from bitcoin by the way you also easily get cash out your money from your wallet. And we able to rid in the hand of hackers against to our wallet. Wallet is very important to us by working in bitcoin to see how much our savings.

[mustakforum]

Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos

if you store bitcoin or altcoin you have to keep it in your wallet, so no one knows it.

[bakkang]

Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos

For me in securing my bitcoin i would rather choose those wallet where everyone trusted. A wallet that there is no record about scamming and hacking. These are the factor in considering that a wallet is really secured.

[chip211]

There is no way to keep absolute safety bitcoin everything is at risk. You can store it in the hard drive which is the safest way for your bitcoin.

[Reatim]

By saving in my wallet in my smartphone and it is also secured with private keys. It is the best way to save and invest money came from bitcoin by the way you also easily get cash out your money from your wallet. And we able to rid in the hand of hackers against to our wallet. Wallet is very important to us by working in bitcoin to see how much our savings.

Just be careful saving your private keys in your smartphones. What will happened if you lost your phone or have been stolen? or you accidentally reset it? I've seen thread happening this scenario to them so be careful as well. Paper wallet or hardware wallet is good for long term holding. Core and Electrum for daily purposed use like doing trading, receiving signature campaign payments and other daily transaction needs.

[Choii]

I also feel confused about it, but maybe for me the most important way to save it is to convert it into fiat and save it in a savings account at the bank.

That's a good one if you want to secure your money, but your money in the bank don't grow, why not try using Hardware wallet example Ledger or Trezor to secure and also your bitcoin value is geting higher.

There is no way to keep absolute safety bitcoin everything is at risk. You can store it in the hard drive which is the safest way for your bitcoin.

Yes i agree with you, everything is at risk. And like what you said Hard wallet is the safest and secure i've already know.

[death69]

I store my bitcoin on bittrex. Although it is not a safe way to save my coin, I have to do that in order to trade bitcoin into other coin or USDT. When news comes out, the price of bitcoin will be dumped or bumped very hard. I need to act quickly in order to earn some extra money from the news. Therefore, keeping money on bittrex will help me to earn extra income whenever there is a big news to bitcoin. Before I use bittrex, Electrum was my number one choice because it is fast and useful

[DoublerHunter]

I store my bitcoin on bittrex. Although it is not a safe way to save my coin, I have to do that in order to trade bitcoin into other coin or USDT. When news comes out, the price of bitcoin will be dumped or bumped very hard. I need to act quickly in order to earn some extra money from the news. Therefore, keeping money on bittrex will help me to earn extra income whenever there is a big news to bitcoin. Before I use bittrex, Electrum was my number one choice because it is fast and useful

If you really want to put your money in an exchange then you need to make sure that you are just putting the amount of bitcoin that you afford to lose because when something goes wrong then you will not regret a lot and you can still move forward with the incident. If you have for example, 3 bitcoins then you can store at least 1 bitcoin in bittex and the other remaining which is 2 will be deposited into electrum for safe storage.

[farhansadik]

In my point of view, using more than one bitcoin wallet and changing the wallet address on a regular basis could be a good way of security. There are hundreds of wallets out there on the internet , waiting to secure our bitcoins, one can easily use some of them, and changing the wallet address from time to time is a great way of security

[AniviaBtc]

The only thing I know to secure my bitcoins is through the hardware wallet, paper wallet, and online wallet here only I know to secure my bitcoin and keep passwords and do not let the unknown and should read in their posts and do not trust the person who offers the account to see people first and we should be careful because when your accounts are hacked and only our difficulties are wasted.

[Spendulus]

....
I use paper wallets only to ensure security. I store hard copies of the private keys in several secure locations so I won’t lose them. I don’t trust online wallets, my computer hard drive, or exchanges.

I also avoid keeping that information on disks or thumb drives because data can get erased or corrupted. The best place to keep the private keys is in a safe deposit box and in a safe or fire safe. Don’t let anyone have access to it.

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Note that CD roms better archival storage than thumbdrives and disks.