Post
Topic
Board Beginners & Help
Re: Where should i keep my bitcoins?
by
sabbathhawk
on 18/08/2017, 16:22:15 UTC
Hey!

I'm pretty new to bitcoins, i bought 0.05 BTC yesterday and 0.01 ETH. I keep Bitcoins in blockchain wallet and etherium in first mobile app wallet that came up in search.
0.05 Isn't much, but i plan to buy more in future. Are they safe? Should i make... Cold storage? If yes, how to make one/which one to download? Should i get usb drive just for that (if i will ever get more than one btc ofc)

Some more questions:

How to get bitcoins back from cold storage?
What are private keys? Public keys?
Why transaction fee is this large?
What is segwit (different topic but i saw it often in forum!)

Thanks!!

The best way to store your bitcoins is hardware wallet like Ledger nano s. If you do not want to buy hardware wallet the best option is iOS app Breadwallet (it's for bitcoins). The are several for Android but I'm not sure which is the best.