Post
Topic
Board Bitcoin Discussion
Re: How do you store your bitcoins?
by
bitllionaire
on 01/05/2017, 18:28:37 UTC
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

My Bitcoin so far was in mycelium , and electrum wallet. Then I also have in the exchange sites such as bittrex, c-cex, novaexchange, and yobit but not that as high amount only enough for buying altcoin if there are coins in the platform will be dump.

Yes its better not to put huge amount of bitcoins on exchange site as you never know how long those sites will survive and if gets hacked or disappeared then you will be loosing all your coins so its always good to save them in offline wallet.
although there are so many trusted exchanges who are working for long long time but i think still we need to remain as careful, as anything can happen, even the exchanges can also be hacked just like bitfinex when the whole exchange was hacked and people lost so much big big  big amount money and still not recover, therefor it is too much important to be careful while putting our money in an exchange, we need to select a trusted exchange ans always put a small amount in such exchanges.