I have all my coins in on an online trading site (paxful) (low volume)
I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.
What is the best way to do this, and what's the best way of ensuring a backup?
How do you currently store your coins
thanks in advance for any inputs
Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.
That's right it's safe when you are going to save your bitcoin into safe just like offline wallets but for me the web wallet too is safe because they are trusted and the web wallet sending and receiving of the bitcoins is no hassle so for me I prefer to save my bitcoin into the web wallet because for me if I wil save my bitcoins into offline I think that is hassle for sending and receiving of bitcoins. and also in exchanging it into fiat.