Hi, Sorry Possum I should of been clearer. I'm slightly tired this evening.
I want to play with altcoins, but I don't want to store all my funds on an exchange. So I would like to be able to keep the majority of my bitcoin in my possession so I can be sure they are relatively safe, but also be able to send out of that wallet without compromising the funds stored in it.
with the altcoins, I probably would probably temporarily store them on the exchanges. since it'd be a tiny amount of my holdings.
I was thinking along the lines of:
1. I see a trade line up
2. I transfer 2-4% of my bitcoin holdings to cryptsy and buy the altcoins and store them on crytptsy
3. Once the trade is complete and I decide to trade back to bitcoin, I would then move the BTC from the trade back to the main storage wallet.
I just want to see what the safest way to store a few bitcoin locally instead of with a 3rd party, yet still be able to transfer to and from the wallet at ease. I hope that makes sense. Feel free to ask if it doesn't and I'll try to clarify. I will only be transferring BTC to and from exchanges, possibly LTC too down the line, but for now, just BTC.