Quote from: Pattart on April 25, 2017, 01:31:39 AM

Quote from: aardvark15 on April 23, 2017, 06:03:46 PM

Quote from: Playboi on February 16, 2017, 10:02:49 PM

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.

But I think if you keep just a few percent of your bitcoin in exchange it's not a problem. Most importantly your bitcoin is kept in a safe place like an offline wallet

Actually, online wallet is secured enough and convinient enough to prevent hacking. In terms of keeping percent of you money in bitcoin, that is always must since no one should put all of his money in one investment to regulate investments very well.