Quote from: Format.C^ on May 03, 2017, 06:08:59 PM

Quote from: roadbits on May 03, 2017, 05:39:04 PM

Quote from: ibuddy122505 on May 03, 2017, 05:13:55 PM

Quote from: stadus on May 03, 2017, 08:18:58 AM

Quote from: fujyo86 on May 03, 2017, 08:04:01 AM

I store my bitcoin only in exchanger. As a fund to trade with altcoin.
Because amount of bitcoin I have is still small.

That's acceptable, it is for your convenience anyway but the moment you will grow your bitcoins, make sure you will diversify it to maintain safety.
If you have read some hacking incident in exchange sites in the past, it might change your mind keeping your bitcoin in exchanges only.

We should pretty concerned when we're talking about to store our Bitcoin. Store our Bitcoin in exchange site, then there were a couple of reason coming in the front. We can't believe any thus of exchange site anymore, it's completely full of risk, possibility to hack anytime. After noticing that we should turn into other methods. Like others I've been looking into the best ways to store Bitcoins and that's methods of cold storage.

Many people will prefer to store in BTC exchange site because it is easy to sell and buy coins. if we keep it in cold storage or offline or any other method it is a bit tough to do trading. I also prefer BTC exchanger site to store my coins. It is not safe, but I will not keep more coins, so I don't care for hacking and other things.

Its risk to store your bitcoins at a single place and that also on exchange sites as few sites got hacked in the past and that made people to loose all their bitcoins so its good to keep only small amount there and rest should be saved in offline wallet.

I was already given advice to keep my Bitcoin in several purses while one should be on a personal table or a flash drive. One purse to use for storage from another for financial transactions.

Narosya

Posts

Merits