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Author Topic: Best way to store Bitcoin safely ?  (Read 2576 times)
ynclksnr321
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June 19, 2018, 05:05:48 PM
 #381

The best method seems to be to use external wallets for the moment. I also do not think you will have too many problems if you use the investments in your hands by transferring them in a few cases.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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minefreak
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June 19, 2018, 05:13:01 PM
 #382

just don't give your private key to anyone!
do you have millions in bitcoin?
otherwise hardware wallet etc...
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June 19, 2018, 05:58:48 PM
 #383

The only secure way is just cold storage like people keep saying here, Trezor but if you feel its too expensive you can use a cheaper one like Ledger nano S or even a paper wallet.
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June 19, 2018, 06:06:01 PM
 #384

Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down Sad
But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure Huh

1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place Smiley

Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?

Sorry if my question has been covered many times, but I just don't want to make a big mistake.

Thanks
Rick
Until now I am wondering where do I stack my bitcoin if ever I have a lot of it. I support even if you do not capitalism cause here. The real problem is when you have money and. I think it will be risen by about this topic cause I think yes!! the right now, a great. Cause we all know, and technology. Cause bitcoin can be your own
Gatot84
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June 19, 2018, 06:10:28 PM
 #385

It's easy to store bitcoins and other cryptocurrencies in your online digital wallet or a smartphone on your smartphone or computer. Letting your bitcoin appear publicly from hacking and phishing attacks. Cool
dbutp
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June 19, 2018, 07:40:19 PM
 #386

The value of bitcoin is big, many will try to find ways to steal bitcoin. You have to protect your bitcoin bitcoin carefully. I think you should store bitcoin in your "Myetherwallet" wallet. There are many phishing sites that have appeared, you have to be careful.

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overseer470
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June 19, 2018, 07:59:26 PM
 #387

To store the bitcoin safely, you should set up the wallet to store. As far as I know, there are five types of secure bitcoins available today: Ledger Nano S wallet, Exodus Wallet, My Ether Wallet, Wallet TREZOR, Wallet Ethereum on Coinbase
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June 19, 2018, 08:13:17 PM
 #388

There are many variations on how to do this, I recommend still ask the person who has a lot of experience, and with whom you communicate well, if this is not, I recommend to view the information on the Internet.
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June 19, 2018, 08:24:22 PM
 #389

well i think the best and secure way to store your bitcoin is to make an two duplicate wallet account. One is for your official transaction and one for your backup and storage. Of course, you need to have a unique bitcoin wallet address to make transactions. You can use Ledger nano wallet and Try also to diverse your bitcoins from different hardware you have. Criminal are being smarter and smarter and you might be the next victim and always be aware on what you've browse online.
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June 19, 2018, 09:08:54 PM
 #390

There is a huge amount of safe storage of coins, as one of them has already said is cold storage, but I will tell you in other words, it is impossible to crack the wallet, but to crack the place where you keep the key to the wallet completely, so take care of your key and not the wallet)
  I agree with you, because it provides a logical (way) that is easy to understand. about keys and wallets. keeping / securing the key becomes more important. thank you
Jihuny23
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June 19, 2018, 09:35:44 PM
 #391

I will only share my experience in saving all my crypto currency including bitcoin safely. I save my crypto currency in myetherwallet. Keep in mind that you should ensure the safety of your chosen wallet. Not necessarily myetherwallet, you can use other wallets as long as you understand the correct security procedures. You can activate all the security features available in your wallet. You can find out about what security features are offered by the wallet that you choose on google. After that, you can apply everything, including email security that you use for your wallet. Make sure that your email does not connect automatically with other email. Finally, you should check regularly on the security of your wallet and may change your password regularly.
killat
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June 19, 2018, 09:52:58 PM
 #392

Best and safest ways to store your BTC is hardware wallet and/or paper Wallet.
I use Ledger Nano S and I'm very glad of it. A good alternative for it can be the wallet from Treasure, but it is more expensive and it does pretty much the same thing.

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OscarWatson3213
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June 20, 2018, 03:20:02 AM
 #393

The first time I store my bitcoin is in blockchain.info which I think is the best online wallet, If your talking just a few dollars, yeah sure leave it on the exchange.
Celestecelia
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June 20, 2018, 03:26:16 AM
 #394

I recommend you to use hardware wallet like trezor or ledger nano s . but i prefer ledger because it compatible with neo and nep5 tokens also. that feature is not in trezor
Erlinda Santiago
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June 20, 2018, 03:40:28 AM
 #395

Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down Sad
But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure Huh

1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place Smiley

Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?

Sorry if my question has been covered many times, but I just don't want to make a big mistake.

Thanks
Rick
if you want to store your bitcoin in a safeway you should choose a wallet that is yku think comfortable and suit for your bitcoins make sure that the wallet you chose is safe and secured

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Alpha0One1
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June 20, 2018, 03:50:12 AM
 #396

I love my Ledger Nano for long term storage for bitcoins, eth and eth tokens that I won't touch for the next 6-12 months.
longrhm0
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June 20, 2018, 04:11:34 AM
 #397

It does no longer have tons technological know-how, just purchase a hardware pockets and save nearly all your crypto in right here, that is the simplest manner in that you are by no means going to get scammed, believe me.
DungPhan
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June 20, 2018, 04:34:42 AM
 #398

I wish everyone would do so, bitcoin price will increase dramatically. Ever bitcoin have these practical applications?  Huh Huh Huh
issacwilliam
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June 20, 2018, 07:46:20 AM
 #399

I think the best way to store BTC is through cold storage,whereas if you send bitcoin using an offline wallet it seems like it will be at risk.
deadpool02
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June 20, 2018, 08:16:33 AM
 #400

There are many ways to store your bitcoin like on exchanges which is  not safe, paper wallets but they are a little inconvenient etc.  So, I feel hardware wallet- Ledger Nano S is the safest. But you have to buy one and it may cost you some amount but its worth to spend some money for proper and better security of your funds.
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