Post
Topic
Board Bitcoin Discussion
Re: How do you keep your bitcoins?
by
Wa(t)ch_night()
on 24/04/2017, 12:24:28 UTC
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.
For security it would be better if you keep it in the wallet. Because it will be much safer and has been proven safe. Yeah because of the experience some time ago. Exchange can be a scam.
Me also i just keep mu bitcoin in my wallet even for long period of time i do not have to worry of scam because all my security is on my hand.
Because outside the wallet it is much risky to scam.

Are you really sure about the bitcoin wallet that you are using because there are certain reports about some bitcoin wallet that are scam, and Wallet scams attract users with the assurance of greater transaction anonymity. Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet. I think we simply need some assurance before saying that you are using a really safe wallet.

Me i am sure that my local bitcoin wallet is very safe, that is why i choose to put big amount of money in my wallet since i also used this in my business, i used my wallet as like as remittance center which i earn additional income for this.

I also fully trust the safety of my bitcoin purse. Therefore, I'm not afraid to keep large sums of money there. I trust banks not as much as bitcoin wallets.