Re: ★★DigiByte|极特币★★[DGB]✔ $250k Investment, EasyMiner, iOS Wallet, MultiSig, TipBot
Well, there are so many combinations one can do to secure their coins.
Totally 90% in Cold wallet.
7% on your harddrive on a computer.
3% on your phone. If 5% or 10% means millions for you then I'd say Gratz
I thought it was more like in the range of 5 % = 100 000 coins.
My suggestion is never keep too much on exchanges. Alot of people had lost their BTCs that way before.
With DigiBytes, you have even better reason (compare to Bitcoin) to not keep many of your coins on exchanges. Because the transaction is so fast, you just send them there when you need them, and be able to trade within 5 mins.
Totally 90% in Cold wallet.
7% on your harddrive on a computer.
3% on your phone. If 5% or 10% means millions for you then I'd say Gratz
I thought it was more like in the range of 5 % = 100 000 coins.
My suggestion is never keep too much on exchanges. Alot of people had lost their BTCs that way before.
With DigiBytes, you have even better reason (compare to Bitcoin) to not keep many of your coins on exchanges. Because the transaction is so fast, you just send them there when you need them, and be able to trade within 5 mins.
thx , just started trading a few months ago and most of my coins are still on exchange.
will start taking my long term investments ofline.
just not sure about 90% of my dgb in 1 cold storage wallet with 2 backups.
Always worried what if it gets stolen or house burns down , u never know.
anyway thx for the tips.
will put them to good use!
True. This might be better.
How about 50% in one cold wallet, and 40% in another cold wallet? Or different USBs with different wallets?
We all know that too few wallets means security risk (all in one basket) and too many backups means management problem so one has to find a middleway.
Recomend to use more than two backups. In worrying of "house burn", you can give one backup to someone you really trust. You can also have one backup at work, renaming the file to something else as Bluestreet recommended should be a must.
BTW, the chance or risk to get stolen is much higher at online exchanges than someone going to your home to steal your USB. Even if that happens the thief must know the password phrase to decrypt the file.
Regards and good luck!