Ninjastic
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Board Bitcoin Discussion
Re: How do you keep your bitcoins?
by
daringdiscovered
on 04/05/2017, 22:44:10 UTC
Quote from: olyaru on May 04, 2017, 08:23:04 PM
Quote from: Jiyens3 on May 04, 2017, 05:27:34 PM
Quote from: DoublerHunter on May 04, 2017, 06:37:42 AM
Quote from: Jiyens3 on May 04, 2017, 06:30:20 AM
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

for me i save it on local exchanger but for 5-10 years this is very high risk man.. i do not recommended you to save it for long time like 5-10 years . because nobody know about the price of bitcoin in the future Smiley
Do not put your bitcoins in local exchange because even for just a few days it will still be risky for you because exchangers are very attractive for the hackers to hack and get money from that. It is better if you just buy hardware wallet and just put your bitcoins there and it is safer than local exchange and some of the hardware wallets are virus and malware proof so you are very safe.
i agree with you but so far save bitcoin on local exchanger still safety although this is very high risk , this is can use every body if haven't money enough to buy hardware..
Something very scary today to keep their Bitcoin on the exchangers if you can just have personal wallets on a USB flash drive or desktop computer, I can not somehow trust some sites Maybe it's just paranoia

Yeah, I'd prefer to store it on the offline wallet like Electrum than storing it on an exchanger. It is okay if its Altcoins, becuase I'm just going to wait for the right time, its PUMP to come and then I will sell it and buy again another Altcoins that I will use in Trading. But storing bitcoin on the exchangers is not really a good idea, becuase based on my experienced, if you are going to store your bitcoin on it, where you are going to hold it, it will just vanish, and if you are going to contact their support about it, the only thing that will say this to you is it is there, it is just hanging on there somewhere, some errors or bugs just happened regarding to your bitcoin.