Post
Topic
Board Trading Discussion
Re: How and where do I store my bitcoins?
by
BitcoinHodler
on 26/11/2016, 13:07:24 UTC
I have less than 10  in localbitcoins and about 5 each on BTCC and their justpay wallet.

I don't trade actively, just buying around 1 coin every week or two since a few months ago.

Should I be considering some secured wallet?

Maybe for you it is not a large amount of bitcoin but for me and for a good number of users here it is not a small amount of bitcoins.

I would suggest you to buy a hardware wallet, maybe a trezor or a ledger nano S or hw.1(it is the cheapest one), they are safe enough but you can use also paper wallets but hardware wallets are more user friendly.

i still can not wrap my head around for buying a hardware wallet. in my opinion it is not yet worth it for me to pay $100 (or less for some other producers) just to hold my bitcoins as long as i can make a perfectly safe cold storage on my own and then spend from it the same easy and safe way.

Yeah. I preferred too a cold storage for safe and no hassle way of saving bitcoin. I didn't trust hardware wallet to hold my bitcoin even online wallet.

don't get me wrong, it is not a matter of trust at all. these hardware wallets have been around for enough time that i can trust them and if i am not mistaken one of them is even open source.

my problem is with paying for something that i can create for free myself. and i guess hardware wallets are a good way of storing bitcoins for those who can not do this or maybe they are too lazy to do it and want some safe way to store their 1000BTC on.