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Author Topic: Where should I keep my bitcoins?  (Read 502 times)
rnssol
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September 11, 2018, 12:38:50 PM
 #81


- Hardware wallets : An excellent way to store coins, private keys are always stored inside the device, for me best option.

- Paper wallets : Good choice for long term storage, need to be created in safe environment/paper need to be stored in safe place (fire, water, etc..)


This is where I am coming from. I've heard several people say that paper wallets are the safest or most secure option.  I suppose they are the least hackable since they are not electronic - but don't they run a higher risk of accidental destruction (whether by fire or water damage)?  I use a Trezor and have my recovery seed stored in a padlocked steel wallet, covered in vacuum sealed plastic.
Oh so this can be really efficient to store cryptos in steel made wallets.

But I would still prefer coinbase as it is one of the most reliable wallets to store BTC.
Is coin base completely a hot wallet?
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September 11, 2018, 04:40:58 PM
 #82

I recommend a paper wallet that you make yourself without a network connection, it is the best place to have your BTC. You could keep your paper wallet in a safe place in your house and you will not have a problem or if you want I could take care of it (is a joke) Grin
rnssol
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September 12, 2018, 10:37:03 AM
 #83

Bitcoin can be kept and accessed online using reliable wallets such as blockchain btc wallet. As inexperienced users of bitcoin wallet it is always advisable to use wallets that are simple to use such as blockchain bitcoin wallet.
This is a very helpful suggestion. And we surely need simple wallets that are easily manageable.
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September 12, 2018, 10:39:50 AM
 #84

I think you can save in the altcoin, so you will also get more profits by waiting for higher prices, because for us it's also very safe that you store in the altcoin.

rnssol
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September 12, 2018, 10:57:08 AM
 #85

I think you can save in the altcoin, so you will also get more profits by waiting for higher prices, because for us it's also very safe that you store in the altcoin.
Don't they have any risks of theft or viruses?
hirundinecrypto
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September 12, 2018, 01:44:32 PM
 #86

What wallet do you store your bitcoin with? Try storing your bitcoin with hardware. I use hardware to store the bitcoin that I have and I don't have the problem that you have. So try the way I do.
rnssol
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September 13, 2018, 05:37:44 AM
 #87

What wallet do you store your bitcoin with? Try storing your bitcoin with hardware. I use hardware to store the bitcoin that I have and I don't have the problem that you have. So try the way I do.
I use software ones. Surely we'll try it your way!
Waradlain
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September 13, 2018, 07:26:12 AM
 #88

People say that keeping your money on the exchange is unsafe. If we take for example Binance what may happen to it? If something bad happens for real, then the whole system will collapse.
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September 13, 2018, 07:46:36 AM
 #89

It's like the difference between a display case and a refrigerator. The "hot wallet" is similar to a display case. It can be seen by all people, and hackers can track it, while the "cold wallet" is sealed, only you can directly observe and turn on!
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September 13, 2018, 10:03:44 AM
 #90

Bitcoin transaction needs internet, the cold wallets and hardware wallets are just safer to use compared to the online wallets. For security sake, it is better to keep your hard earned bitcoin in the  hardware wallets.
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September 13, 2018, 01:48:42 PM
 #91

I recommend using cold wallets when you keep large amounts of coins, they are very safe very suitable to hold long term
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September 13, 2018, 02:03:41 PM
 #92

I've read this thread with great interest. Heaps of information and I came across a great article too. Which I've saved for later. Meanwhile, I've been exploring the net and I found this post which might be interesting for some readers. Probably the information is much the same as what we've already read here. But each article you read on a subject tends to give you a different take on it. Which adds to our overall knowledge of the subject.
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September 14, 2018, 07:06:47 AM
 #93

As well as TREZOR, Ledger is the purse for cold storage intended for the users needing additional safety. The purse represents the physical device which is connected to your computer and works as an additional source of protection. It means that you can't send Bitcoins from the purse without existence of the physical device.

rnssol
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September 15, 2018, 08:16:17 AM
 #94

I recommend using cold wallets when you keep large amounts of coins, they are very safe very suitable to hold long term
Yes these might be very safe but making transactions there is a bit more difficult.
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September 15, 2018, 09:00:57 AM
 #95

At present, the safest wallet is the "cold wallet". This is an indisputable fact because it is an independent wallet (no need to link to the Internet at all times)!

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rnssol
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September 17, 2018, 04:57:45 AM
 #96

At present, the safest wallet is the "cold wallet". This is an indisputable fact because it is an independent wallet (no need to link to the Internet at all times)!
Are they safe because when you make a transaction, they ask you to confirm each one by pressing a button on the device and are pretty much hacker-proof?
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September 17, 2018, 11:12:16 AM
 #97

Can be understood simply as the hot wallet is the form in which you or an investor uses a wallet address that you can use to spend money on any selling rain activity, any transaction, at all times. and you must always connect your wallet to the internet so that you can maintain a Bitcoin network connection or other electronic money networks.
Trezor: This is the opposite of the hot wallet, which means you use a cold wallet when you do not plan to use the electronic money to spend regularly, but you can still get money. send from other people from any time of the day even when you are not connected to the internet. Once the protection is not connected to the internet, hackers can not steal money from your wallet.
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