Post
Topic
Board Beginners & Help
Re: Bitcoin as a savings account
by
JimCGSavings
on 16/05/2013, 00:45:07 UTC
I'm sorry to hear about your situation. As many have already stated, while a physical paper (laminated) wallet is a good way to keep your bitcoins secure, "betting the farm" on a savings of strictly bitcoin is probably not the smartest move right now. If you have a coinbase account, two-factor authentication is another good way to get that "warm fuzzy". All you need is an app called "Authy" - research it at www.coinbase.com if you've never heard of this before.

I wish you the best my friend.


There's no farm to bet. I've looked at Coinbase and it does appear to be one of the safer US based exchanges, if that can be said of a US based exchange. The two-factor authentication is an app? Our budget doesn't include smartphones. Besides, I'm old, and I hate those teeny-tiny screens and keyboards you youngsters all use on them phone thingys. (grin)