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Poll
Question: Where do you store most of your btcs?
Online Exchange - 24 (22.4%)
Online Wallet - 14 (13.1%)
Desktop/Mobile Wallet - 18 (16.8%)
Cold Storage - 51 (47.7%)
Total Voters: 107

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Author Topic: Where do you store most of your btcs?  (Read 1805 times)
koryu
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February 28, 2014, 12:38:48 PM
 #1

After mtgox stoped withdrawals a discussion started how secure btcs stored at exchanges are. Finally they revealed that they were lost.
Some exchanges said they would start doing audits and all btc are secure.
I am curious where you store most of your btcs and if you changed your mind about online wallets.

i expect that more people will move their btcs from exchanges into cold storage. would that lead to lower trading volumes and higher volatility?


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podyx
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February 28, 2014, 12:42:05 PM
 #2

80% is on cold storage

20% in exchange
john_doe
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February 28, 2014, 12:58:40 PM
 #3

Keeping the coins in an offline computer is considered a cold storage? Huh

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hostmaster
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February 28, 2014, 12:59:38 PM
 #4

Keeping the coins in an offline computer is considered a cold storage? Huh
yes i also use this .
Wilhelm
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February 28, 2014, 01:02:42 PM
 #5

80% is on cold storage

20% in exchange

+1

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
Shermo
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February 28, 2014, 01:02:51 PM
 #6

Small amount on BlockChain.info wallet, the rest stored in an Armory paper wallet and a backup also on an encrypted virtual machine on a pendrive... both stored in a fire safe.
Wilhelm
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February 28, 2014, 01:04:06 PM
 #7

Keeping the coins in an offline computer is considered a cold storage? Huh

On paper and USB (redundancy) in a vault is my definition of cold storage. Preferably two vaults in two sites if you have a lot of BTC.

Beware ... your computer could still fail.

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
Ibian
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February 28, 2014, 01:05:25 PM
 #8

Been wondering about something related to this actually. How secure are wallets? Is a keylogger enough for someone to access my coins or do they need physical access to my machine too?

There is no bubble.
oda.krell
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February 28, 2014, 01:13:43 PM
 #9


In meine toches!

It has the perfect balance of humidity, fragrance and UV protection... although I guess the term 'cold storage' isn't entirely accurate anymore.

Not sure which Bitcoin wallet to use? I suggest to take a look at Electrum.
Electrum is an open-source lightweight client: user friendly, fast, and one of the safest ways to store, send or receive bitcoins.
For executables (Windows, OSX, Linux, Android), source code and documentation, see the Electrum homepage.
koryu
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February 28, 2014, 01:16:08 PM
 #10

Keeping the coins in an offline computer is considered a cold storage? Huh

when its offline i would call it cold storage, even if there are more secure places like already mentioned.

john_doe
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February 28, 2014, 01:20:10 PM
 #11

Beware ... your computer could still fail.
I do keep the private keys on a piece of paper, just in case.

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zedicus
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February 28, 2014, 01:57:44 PM
 #12

Admittedly i have a huge chunk in blockchain.info and then i also have an Electrum wallet with another chunk and then an insignificant amount on a computer using the regular bitcoin qt app, and $200-300 on stamp.

Ive been considering moving my blockchain.info chunk to my electrum wallet. Watching gox vanish should be a smack to the back of my head to move my shit off blockchain.info, but im not worried! Ill move it sooner than later tho.   


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checkers6676
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February 28, 2014, 02:38:20 PM
 #13

cold wallet on a usb up my ass
oda.krell
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February 28, 2014, 02:42:01 PM
 #14

Admittedly i have a huge chunk in blockchain.info and then i also have an Electrum wallet with another chunk and then an insignificant amount on a computer using the regular bitcoin qt app, and $200-300 on stamp.

Ive been considering moving my blockchain.info chunk to my electrum wallet. Watching gox vanish should be a smack to the back of my head to move my shit off blockchain.info, but im not worried! Ill move it sooner than later tho.   



Allow me to ask: how is blockchain.info more convenient than electrum? I use the latter, and to me it seems it offers an absolute maximum in convenience, with very little compromise to security, while blockchain.info seems to offer no additional benefits, but lots of additions insecurity. But maybe I miss something about blockchain.info.

EDIT: since it's a web wallet I guess you can use it for making purchases when you're on the go. sthg that is harder with electrum.

Not sure which Bitcoin wallet to use? I suggest to take a look at Electrum.
Electrum is an open-source lightweight client: user friendly, fast, and one of the safest ways to store, send or receive bitcoins.
For executables (Windows, OSX, Linux, Android), source code and documentation, see the Electrum homepage.
sonofliberty
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February 28, 2014, 02:44:02 PM
 #15

Cold storage, private keys in encrypted file container in my dropbox and every device I own.
proudhon
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February 28, 2014, 02:48:37 PM
 #16

Well, looks like we're finally learning.
600watt
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February 28, 2014, 02:55:16 PM
 #17

80% is on cold storage

20% in exchange

+1

same here.
hellscabane
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February 28, 2014, 03:20:18 PM
 #18

If I had a significant amount more BTC, I'd say that I've stored most of my BTCs in cold storage.

Unfortunately, I like moving my money around and playing the alt-markets. But this is all money that is okay for me to lose. The BTC that I do have in cold storage, those really are meant to be saved. Maybe at some point I'll shift more back into cold storage, but I'm fine with having as much as I have in various hot wallets.
Solarstorm75
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February 28, 2014, 03:20:41 PM
 #19

SODL
john_doe
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February 28, 2014, 03:35:35 PM
 #20

The option should be renamed to "Codl storage"

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