Bitcoin Forum
November 06, 2024, 11:40:04 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Where safe for my BTC?  (Read 285 times)
MikePCarr (OP)
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
November 24, 2017, 02:35:45 AM
 #1

Once I buy BTC from somewhere, how do I secure it? Can I directly ask the seler to send it to my wallet at the exchange? Will my coins be secure at the exchange?

soonhy
Member
**
Offline Offline

Activity: 77
Merit: 10


View Profile
November 24, 2017, 02:45:30 AM
 #2

please try not to keep your bitcoin with exchanges.
send to your own wallet where you have the control of private keys/master seed.

silentdth
Jr. Member
*
Offline Offline

Activity: 56
Merit: 10

GameX (GX) | NextGEN Gaming Cryptocurrency


View Profile
November 24, 2017, 03:09:22 AM
 #3

You can save it at blockchain.info BTC wallet. Or safer with a cold wallet like Trezor

GameX ● NEXTGEN GAMING CRYPTOCURRENCY ● GameX
▰ ▰ ▰ ▰      JOIN OUR COMMUNITY!      ▰ ▰ ▰ ▰ (http://gamex.co.in)
Twitter (https://twitter.com/gamex_co_in) ● Telegram (https://t.me/gamex_co_in) ● Reddit (https://www.reddit.com/r/GameXCommunity/) ● Facebook (https://www.facebook.com/gamex.co.in/) ● Instagram (https://www.instagram.com/gamex.co.in/)
Rp.500
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
November 24, 2017, 03:43:11 AM
 #4

Yap, use exchange wallet is secure enough just add some security to make it hard, more hard to hacked. but even you secure your bitcoin on web wallet(*blockchain) or your paper wallet it's secure if you make it more strong security for them both.

if you wanna more secure buy the Bitcoin hardware wallets like :
  • Ledger Nano S
  • KeepKey
  • Trezor
GooddyLife
Member
**
Offline Offline

Activity: 112
Merit: 10

Sup


View Profile
November 24, 2017, 03:58:16 AM
 #5

i'm keeping my btc on blockchain (with paper wallet) but yesterday i've seen something about a guy got hacked and someone stole all his btc.. so
u need to watch your back
phantasma19
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
November 24, 2017, 04:50:10 AM
 #6

the safest way is to store it in the hardware BTC wallet. they cost 20~100 dollars on Amazon.
CheapDayTrader
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
November 24, 2017, 05:03:05 AM
 #7

Safest way would probably be on coinbase, they are legit company and are insured
Dudeperfect
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 534


View Profile WWW
November 24, 2017, 05:32:14 AM
 #8

Generally, it is not recommended keeping funds online because even if you are enabling all the security features for your account even in that case there is a possibility of the compromisation of the database (consisting the private keys of your Bitcoin wallets). The best way I know is to generate a secure paper wallet (along with backup copies) to store 50% of the holdings and holding some funds on hardware wallet (40%) for ease of access and storing 10% on the web wallet/exchanges to avoid the risk on any compromisation.
CodyAlfaridzi
Hero Member
*****
Offline Offline

Activity: 1708
Merit: 541


View Profile
November 24, 2017, 06:55:00 AM
 #9

Safest way would probably be on coinbase, they are legit company and are insured

No, this is a bad advice. Don't ever store your Bitcoin on an exchange. Storing Bitcoin on an exchange means you don't hold your own Bitcoin, you don't have direct access to your Bitcoin, you don't hold private keys to your Bitcoin. It is the same as you don't own your Bitcoin.

@OP use a real wallet instead. You can see a list of wallet here https://bitcoin.org/en/choose-your-wallet. My personal suggestion would be Electrum for PC and Mycelium if you're planning to store some BTC in your Android device as well. Both are lightweight wallet, so you don't need to store a whole blockchain (hundreds of gigabyte) in your computer—that's something most everyday user wouldn't like to do. Also, make sure you keep your computer secure and make a backup for your wallet and keep it somewhere safe. You can google it further on how to maintain the security of your device and how to securely make a bitcoin wallet backup.

If you want an even secure way to store Bitcoin, use hardware wallet instead. Ledger and Trezor are my preferences. You can secure your coin with less hassle in hardware wallet rather than conventional computer/android wallet.
white01
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile
November 24, 2017, 07:13:57 AM
 #10

Exchange gets hack often. if you plan to hold btc as a store of value, store it in a cold wallet like exodus. google exodus and download it. its simple to use and straighforward
xxjumperxx
Sr. Member
****
Offline Offline

Activity: 574
Merit: 272

Buy Bitcoin!


View Profile
November 24, 2017, 07:21:00 AM
 #11

I mean if its a small amount and you want quick access so you can sell it when it peaks I would keep it on an exchange. If its quite a bit of money I would move to paper wallet or even better a hardware wallet, a ledger. Best decision I made.
bitfocus
Member
**
Offline Offline

Activity: 532
Merit: 15


View Profile
November 24, 2017, 07:31:23 AM
 #12

Paper wallet or hardware wallet could be a good choice, also https://bitkey.io/ offers a good alternative.
valying
Member
**
Offline Offline

Activity: 94
Merit: 10


View Profile
November 24, 2017, 07:37:48 AM
 #13

Download a local wallet to your computer and keep your BTC there. Stay away from malware or trojan.

▰   SEMUX   -   An innovative high-performance blockchain platform   ▰
■▬▬▬▬▬      Powered by Semux BFT consensus algorithm      ▬▬▬▬▬■
Github   -   Discord   -   Twitter   -   Telegram   -   Get Free Airdrop Now!
surbanaB
Member
**
Offline Offline

Activity: 189
Merit: 12

Buy, sell and store real cryptocurrencies


View Profile
November 24, 2017, 07:49:58 AM
 #14

Once I buy BTC from somewhere, how do I secure it? Can I directly ask the seler to send it to my wallet at the exchange? Will my coins be secure at the exchange?


You can ask seller sent btc which you buy to wallet of exchange site but you should not store your BTC in wallet of exchange site, it's not safe. i advise you should use electrum wallet to store your btc

■         ■         ■         ■         ■         ■         L B X         ■         ■         ■         ■         ■         ■
■     The London Block Exchange     ■──[│  P R E S A L E is L I V E !  │]──■
■  Facebook  ■  Twitter  ■  Medium  ■──  Download On  ──[ GOOGLE PLAYAPP STORE ]──■
investerS
Full Member
***
Offline Offline

Activity: 229
Merit: 100


Money making legitimately


View Profile
November 24, 2017, 08:21:28 AM
 #15

As a newbie, you can start saving it in electrum.
Futu.re
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
November 24, 2017, 10:34:08 AM
 #16

Papper wallet is one of safest option.
Qzeyn
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
November 24, 2017, 10:59:39 AM
 #17

Would suggest you use a trezor wallet it is a cold wallet,
For me the safest as you know it is not online,
Also keep an extra copy or 2 in case you loose one.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!