Ninjastic
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Board Bitcoin Discussion
Re: How do you keep your bitcoins?
by
South Park
on 09/05/2017, 18:23:42 UTC
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.
This applies not only to local exchanges but to anything really, would you leave your money in somebody else’s house for any amount of time? If the answer is no, then we must never leave our money in an exchange, while it is impractical it is the safer option.