How to keep the BitCoins Safe?

[seven2smoke1]

I think to keep your bitcoins safe, you need to use a hardware wallet for a huge amount of crypto, we are talking about a lot of money here, because they are more safe and secure. Online wallet is for small trading and small exchange of money, people should use online wallet carefully and activate 2FA on their wallet.
And about what the op says, I think the lost of thousands of bitcoin is really waste for bitcoin itself and for the community, so we need to have a procedure to recover waste bitcoin, for example, in the case of the broke of hardware wallet or in the case of dying.

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[muhtesem]

Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.

I did a detailed study of what exchanges to use and what wallets to use -
 

• Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
• Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet

Let me know what you guys think.

destkop wallet is the best for this job.. I have no confidence in any stock market. If these exchanges are hacked today, what can we do? nothing. therefore it is not smart to keep money on the exchanges. The best security is the security you provide.

[BUK2016]

Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.

I did a detailed study of what exchanges to use and what wallets to use -
 

• Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
• Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet

Let me know what you guys think.

I am one of the victim of the cryptopia exchange hack that occurred in the last month.
Using exchange wallet is riskier than using your own wallet, so better not using exchange wallet to store much coins.

That has actually taught me a very big lesson in my life because i lost closely 0.12BTC in that incident on cryptopia hack which am yet to recover from.

Just order for a hardware wallet were i can keep my Bitcoin for safety as no exchange is good and safe for storage.

[BorisWCR]

Well, first and foremost, you need to have a secure and convenient crypto wallet to store all your cryto currencies. You also don't just give your private ket or password or any other security information to any other people other than you or to your trustworthy people. If your Bitcoin will gone, no one can retrieve it.

[mornabo]

Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.

I did a detailed study of what exchanges to use and what wallets to use -
 

• Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
• Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet

Let me know what you guys think.

I think the best way it is just to keep your funds on a hardware wallet like the ledger nano s (or also others). All other methods are not even remotely comparable in terms of security.

every wallet has a risk, even for the hardware walllet, your hardware wallet can be stolen by someone. therefore you must have
a backup plan such as storing the private key, installing a double password, or dividing the funds into another wallet

[mbluxs]

Saving in our personal wallet is a good goal because indeed we will get a profit. in exchange there are many cases where many users experience problems with exchange and even their assets are lost

[Burogh]

Exchange wallets? I don't trust them.

As far as I know, ChangeNow has a scam accusations here, https://bitcointalk.org/index.php?topic=4619534.0

Change? possible that they can steal your coins as well - https://www.reddit.com/r/Monero/comments/8bdigt/dont_use_changelly_millions_stolen/

You can just go here, https://bitcoin.org/en/choose-your-wallet and pick the best wallet that fits your need.

I don't usually put my coins in an exchange wallet as we all know there's a possibility that there will be phishing attacks and steal your coins as well. If you want to store your coins in a safe wallet make sure you can put security like 2FA authentication on it so that you are the only one who can easily access and remember don't also expose or share your keys to another person for your own privacy. Don't forget to have a backup file if ever something comes up to your keys.

Its wise decision if we store our coin in our own wallet and not store it in exchanger wallet. Exchanger wallet is very vulnerable and many hackers want to hack exchanger, its put our coin in a risk. Using 2FA is good option but its wiser if we store our coin in hardwallet

[onrise]

Saving in our personal wallet is a good goal because indeed we will get a profit. in exchange there are many cases where many users experience problems with exchange and even their assets are lost

I have always believed that if people are long term investors should save it offline and those who are traders and require the coins on daily basis to buy/sell then it could be split among exchanges and use the most secured exchange so that the risk becomes minimum.

[Nasty23]

Saving in our personal wallet is a good goal because indeed we will get a profit. in exchange there are many cases where many users experience problems with exchange and even their assets are lost

I have always believed that if people are long term investors should save it offline and those who are traders and require the coins on daily basis to buy/sell then it could be split among exchanges and use the most secured exchange so that the risk becomes minimum.

I agree with you, that it is better to save in offline wallet if we are going to long-term so that whatever situation it is we are responsible for the security of our assets that no one can could steal it if we are properly keep it.

[Malam90]

Only paper wallet is safe for holding Bitcoins. Any exchanger even If BInance is not secure because online wallets are always risky. You have mentioned a crypto exchanger founder died and he had $190M worth of Bitcoins to him. As an active trader, i have no option to hold my coins in any offline wallets.

[comchien]

To protect bitcoin safely we must first have a good experience in storage and proper management.In this new market, security is most needed.

[BLAST2MARS]

Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.

I did a detailed study of what exchanges to use and what wallets to use -
 

• Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
• Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet

Let me know what you guys think.

I also do trust Binance but it's better to keep your 100% safe. Maybe CZ really meant to keep the funds safe but we don't have guarantee on his employees or security team or the devs. An inside job could happen and make the hack into a reality and that incident would lead onto making a lot of traders to stop buying crypto again.

[twostepsally]

First people will be know the wallet information. Then easy to use and safely save your account wallet fund. Don't hold the more money in one wallet. Acctive your account every time. Speret your fund some wallet.

[hen cet]

Saving in our personal wallet is a good goal because indeed we will get a profit. in exchange there are many cases where many users experience problems with exchange and even their assets are lost

Save in a personal wallet with double button security. Then secure the private key in a hidden place such as a flashdisc or manually so it is difficult for hackers to enter.
There is no safe place if we are negligent in responding to emails or advanced links when browsing the internet. Bitcoin security must be accompanied by thoroughness in receiving seduction from emails which is sometimes a trap.

[maman567]

Save your bitcoin at nano ledger wallet is more safety than you hold or save at exchange online wallet, like exchange market or myetherwallet, many investor have already use nano ledger wallet and could save their asset for long term.

[sapnu]

Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.

I did a detailed study of what exchanges to use and what wallets to use -
 

• Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
• Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet

Let me know what you guys think.

There are many ways to keep your bitcoins safe. Choose a wallet and offline or online wallet that is used by many holders or famous of its security for you to have that info you need to check it first. Second important thing is that you should secure your passwords/codes in you for you to prevent it from hacking.

[Upgate]

How to keep bitcoin safe.
*get a bitcoin wallet
*send your bitcoin into your bitcoin wallet
*protect your wallet private key

[ozeraykut]

Best way is the easiest way. So hard wallet is the best choice maybe, however you have to keep it safe including your passwords.

[Marina5]

In my personal opinion, a hardware wallet is good for privacy of Bitcoin. It is actually depends on users that by which method they are using to safe their asset. Keep your private key safe, secure your email then hopefully it will be in much safer.

[MRlong]

I think the best security for keeping Bitcoin Safe is using the trust exchange floors. I was always using Coinbase for trading Bitcoin, ETH and not see any error and inconvenient. And you must have to setup Two-Factor Verification (2FV) to avoid the scammers to steal Bitcoin in your wallet.