Post
Topic
Board Beginners & Help
Re: Where to put my Bitcoins?
by
hilariousandco
on 24/01/2014, 20:23:56 UTC
Hi,

I'm very new to Crypto and have been playing around with the alt coins.

I've made some nice profits on some of my dealings so far, at the moment my profits in Bitcoins are stored on Cryptsy. I'm holding quite some profits also in alts such as DOGE and MOON.

Is this safe to store bitcoins on Cryptsy? If not, should I just download a standard bitcoin wallet as i've heard it needs 15GB download? Is there something else I can do to store my Bitcoins safely?

Thank you!

Cfx.

It's not ideal to store them at exchanges. If you download a Bitcoin wallet like Electrum that doesn't download the blockchain, or you can store them online on blockchain.info which is pretty secure if you set up all the security features. You can also store them on paper wallets or just the wallet.dat files.