Where to Keep Some of Your BTC

[Caporetto 327]

Im too stupid to manage a BTC wallet so almost all is on Binance, that way if i get hacked its gonna be binance fault 😅  and they got SAFU fund for refunds. In CZ we trust

[xBDT Script 4371]

I see a lot of responses already made however here what I have here to say,

I have a ledge nano S which I bought long ago when they were very new to the market. I have and is using it till the date. Before I used it for bitcoin too but now I do not use it anymore for Bitcoin but for some of the alts I still use it.

Why not for bitcoin? Well ever since I learnt about multisig address started to know the benefits I have with them I always keep my coins in a multisig wallet. The keys are in two different devices so it is not easy for anyone to steal my coins. I have physical backup of the keys too.

Now anyone can tell me what about the forked coin since the coins are in a multisig wallet. It's not hard to retrieve but I am really not into risking my wallet for some cheap forked coins.

So here I have, despite having a hardware wallet I keep my coins in a multisig wallet using Electrum desktop client. I feel safe this way.

By the way, never keep your coins in any exchange unless you are trading of course. 

[M Aqeel 59]

I would prefer to keep my coins in some good exchange like Binance or hotbit. As a result there is a possibility that you can earn some profit just by putting your coins in exchange. Some people also think that its good to cash in your coins as their value may depreciate with the passage of time

[xBDT Script 4371]

44 minutes ago, M Aqeel said:

I would prefer to keep my coins in some good exchange like Binance or hotbit. As a result there is a possibility that you can earn some profit just by putting your coins in exchange. Some people also think that its good to cash in your coins as their value may depreciate with the passage of time

Well I hope you do not have much crypto to have them in those exchanges. Have you ever thought about any of them being hacked? What will happen to your crypto then?

I have seen a lot of people to lose their life saving just because an exchange to get hacked.

Always remember not your keys not your coins.

Please learn the safety measurement when you are in this industry.

[M Aqeel 59]

If we think like this then its very difficult to work in crypto currency.  Because technology has developed enough to hack any thing. There are hackers who can even hack intelligence agency website. So we all are at the wrong place.

[iloveyobit 6599]

i think you should use ledger nano to keep some of your btc safe , its a external wallet and the number 1 in security , good luck 

[xBDT Script 4371]

8 minutes ago, rajib7970 said:

I use different types of btc wallet. Don't put all your eggs in the same busket. And I am the biggest follower of this sentence. I never follow only one wallet. So I keep my btc in different wallets. They are Blockchain wallet, xapo wallet. coinut wallet, hardware wallet etc.

You really sure you do that?

This way you will messed up and probably you will lose access of some of wallet. 

Blockchain wallet > it's a hot wallet not safe

xapo wallet > is it a bitcoin wallet

Coinut wallet > again is it a bitcoin wallet

Hardware wallet > good choice

Now here is the thing if you really have BTC in other wallets then my suggestion will be to move all of then in your hardware wallet. The example you used with no put all your eggs in basket is not really an example that suits here 😆 

Just make sure you hardware wallet is in a safe place and you have the passphrase in another secure place with a copy of course.

 

[cryptokram 102]

Ive been having Bitcoin for a long time anda the best way to keep this is to investment.

I had a lot of Bitcoin before and to save this and be at safe while earning a lot from it is to invest it to one greatest altcoin of the week!

[cryptex 623]

Found very funny way to keep cryptocurrency in the highly inaccessible part of human body. Disclaimer, do it on you own risk.

 

[cheewy 271]

On 10/13/2019 at 11:03 PM, Bnance10 said:

In the old days, just by keeping your BTC on some exchange, you can really earn some nice bonuses whenever it forked.

Anyone who earned a handsome free amount of BCH from their exchange will understand what I am talking about.

And then came some scamming deals!  I remeber after BCH, it was some sort of a would-be BTC fork called Segregated Witness (SegWit).  People were all excited and asked their own exchange if it would support that fork.  And the promoters of that would-be fork started to mislead the public about to which exchanges they should move their BTC.

In the end, that was it.  It was just a “would be” thing despites all the hype from the promoters.  The fork never happened.  The promises of those huge bonuses were never paid.

However, ever since that time, one special exchange has never stopped giving users free bonuses for keeping their BTC on its wallet.

And that special exchange is Yobit!

In recent days, YO tokens and SEX tokens (the name of one new) were given to BTC holders for free!  And they were by no mean small amounts of free money!  

So, instead of just buy btc and hope it will go up in price, try to use some of it on Yobit.  You can simply  use a portion of it to buy YO and hold both there and do nothing else.  At least a few times a year, you will be rewarded with free money for just keeping your money on Yobit.

All of what I’ve just said can be verified by a bunch of users, old and new, of this wonderful exchange called Yobit.

 

for these day, staking is the best option if you want hold your coins in exchange site. many exchanges site offering to stake some coins, and you will get profit every month. the last coins who do this is tronx

 

[xBDT Script 4371]

23 minutes ago, cryptex said:

Found very funny way to keep cryptocurrency in the highly inaccessible part of human body. Disclaimer, do it on you own risk.

 

This is indeed very safe way to keep them away from everyone. By the way, what are you going to do when you need to go for the big one?

1 minute ago, cheewy said:

for these day, staking is the best option if you want hold your coins in exchange site. many exchanges site offering to stake some coins, and you will get profit every month. the last coins who do this is tronx

 

Okay this staking thing, if it's a POS coin then you get the reward if you keep it in your own wallet don't you? So why to go with an exchange?

[Mohs3n71 0]

I think this topic should become locked, as already people introduced every type of wallet you can use, hot or online wallets, offline wallets, hardware wallets and ....

[kjames 139]

there more  than hundreds of wallets available to store cryptocurrencies. but personally like jaxx hardware wallet and blockchains official wallet.

[PANKAJ 0]

You can keep your btc coin in any trusted wallet. As long as your btc is in wallet, it is secure.I keep my btc coin(small in amount) in erectum wallet. It is secure and safe and you can use others too.

[julzcoinbit 34]

On 10/14/2019 at 12:37 AM, iamaruf said:

I am not agree to keep coins in exchange.Because its risky I love to keep my coin offline wallet which is safe than the exchanger.I only keep coin for trade or only for sell.There are so many people who lost there coin for keeping there coin on exchanger.maybe user account hacked or exchanger hacked.

I agree with you mate. Like what happened in cryptopia exchange site which was sudden got hacked by nobody. And I felt sorry to those some crypto users whose still have coins on that exchange. Much better if you store your coins in a cold wallet like trezor, it's not quite expensive and you can assure your alts will in safe.

[Saoha 189]

1 hour ago, lovesybitz said:

Most of the platform you used for wallet are also the same as I except for Hotbit, I never try to use this platform anyway so far. But those exchange you mentioned was really safe to use it even you have a big profit it is still safe, no worries.

You can use Hotbit, I have used it for 2 years. Its withdrawal fee is very low and also very safe. However, the price difference between buying and selling is quite high. Hotbit is a good choice if you are a trader.

[Saoha 189]

2 hours ago, iamaruf said:

Hey I have to know something about hotbit. to trade need to verify KYC? is there any withdraw limit? I am interested to trade in hotbit but worry about kyc. Hope you will give the answer.I asked you because you mention that you are a member of hotbit 🙂

If you don't want KYC, Hotbit is a good choice. It does not require KYC and is not limited to withdraw. Special fees withdraw at Hotbit very low. You can experience using Hotbit and making comments about it.

[joendegz 69]

On 10/14/2019 at 5:27 AM, Bnance10 said:

Man! You are all experts here!  🙂

1. You’ve gotta have bitcoin to keep any on an exchange .

2. Who says anything about keeping it on the exchange?  It was in the old days... a long time ago when people still... have bitcoin 🙂

But exchange does want you to keep some asset on theirs if you want to earn interest.  Binance takes snapshots of your wallet every hour only to make sure you don’t deposit coins to earn interest and then withdraw them after you got it.  Like a hit and run kinda tactic.

But Yobit will let you bring your BTC and earn the forked coins (expensive high priced kinda coins: like YO and Sextoken).  And then you can withdraw once you got your free coins. Only Yobit, guys! Freedom of trade. No kyc.  No strict rules... very relaxing kind of exchange.

you can keep them in an exchange that you prefer or in a crypto wallet, there are several available that are good

[Saqib Ali Sadiq 438]

you have to keep your btc in bitcoin wallet, which are very safe to use, the best bitcoin wallets are blockchain, no.1 wallet of bitcoin, and the other best wallet is coinbase which is also best for holding.

[werus 6]

if you have money, you should buy a ledger, because there your bitcoin will be safe, or maybe save it on a blockchain wallet

[Bnance10 720]

There are three types of money.  

One that you use every day to keep the economy going.  This can even be borrowed money in the form of free interest money during grace period in the case of credit cards. But debit cards, checking account and cash are fine. For crypto, we gotta use it to hope to bring it to a trendy lifestyle.  Used to be cool to have a FB account, one should feel cool to pay for stuff with BTC (embrace the inconvenience at first). Wallets or exchanges can be good places to keep this money.

One in savings.  401-k, gold, real property like houses.  But most commonly known as savings for college, retirement.  This can be  cold wallets.

And the last ones, in stocks, lending ventures where a portion of your money will go to work for you for interest.  Mutual Funds companies, broker services.. And for crypto: master nodes, wallet staking, mining AND great Exchange like Yobit.  No risk, no reward.  No gut, no glory.

[d3nz 88]

Not a good idea. Once the exchange has been hacked then your funds may involve then its your loss. Better to have a cold wallet then save the private keys in your email, usb, cloud storage or pc and make sure to encrypt with a password and put a hint in case you forgot it.

[wingfield 137]

       YoBit is a really interesting exchange for all its users. YoBit brings many advantages for storing investments on this exchange. I haven't heard from YoBit for a long time, but now that I use it I am very excited. On Yobit you have countless ways to earn some money, from writing on this forum to making a profit with pony racing. It is a very interactive exchange.

[teminalibug 309]

On 10/13/2019 at 9:03 AM, Bnance10 said:

In the old days, just by keeping your BTC on some exchange

 

like you said these days, don't trust any exchange site to keep all your money, Yobit might be all legit clean awesome and stuff but don't put all your trust on it or any other exchange for that matter, you must have some portion o your money stored in some safe wallets, i prefer paper wallets.

[kjames 139]

i keep my btc at coinbase i know its little unsecure but hardware wallets take huge time ti sync and i dont like this. also it slows down the pc