Re: How do you keep your bitcoins?

I store my bitcoins in a wallet, it is coins.ph and there I store up my earned bitcoins. When I don't need to cash out money, I just keep my bitcoins there. It is safe and reliable to use, and also, easy to understand how to use it. For now, I haven't verified my account so I can't cash out my bitcoins.

Same with me. I just keep Bitcoin in my wallet with a purpose that Bitcoin will bring to me more income in the future. Sometimes I change Bitcoin into cash and send it to bank. However, I recommend you guys should keep your Bitcoin in your wallet on the internet.

I don't recommend storing a lot of bitcoin in a third party app because of the possibility of them running away with it if they can. The chances of that are low but still it's better to be safe than sorry. I don't agree with you keeping your funds in a wallet connected in the internet making it a hot wallet.

Well he didn't specifically say that he's storing in a large number of Bitcoins in his wallet. Also he didn't also mentioned if he's only using just one online wallet for his Bitcoin so don't make any assumptions whatsoever. However, you're also right, it is not recommended to store up Bitcoin in an online wallet in that specific period of time. It is more likely safe to store it in a hardware wallet, I mean it has a lot of security since it works offline. But the only drawback in this is that, keep away the device that you've used to any sort of possibilities that it could catch any virus, or else you'll lose all of your Bitcoin.

Ever since I started making use of Bitcoin I have only been using online wallets Xapo, Coinbase and Blockchain. I havent encountered any problem with them and the three of them has 2 factor authentication.

Though Im interested in trying out hardware wallets like legder Nano S and Trezor because Ive heard theyre well secured.