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Bnance10

Where to Keep Some of Your BTC

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All depend about the quantity of Bitcoin that you have, if you own a decent amount of Bitcoin or other cryptocurrencies you need to hold or keep them on your hardware wallet, if you are daily trader keep some of your Bitcoin on websites exchanges but trust and secure websites.

 

 


 

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On 10/13/2019 at 12:03 PM, Bnance10 said:

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!

Those are garbage tokens that don't trade anywhere else, and I wouldn't buy them and wouldn't own them unless I really did get them for free.  I also wouldn't hold onto them, I'd trade them immediately for some other coin like doge or bitcoin if possible. 

 

I also would *never* keep coins or tokens on an exchange for long. 

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Yes, I agree with you, because I had the chance to get the coin by only storing BTC on the exchange. It's just that we always have to be careful 😊


 

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On 1/6/2020 at 9:14 PM, juma1 said:

Holding on BTC is a very great idea but it has to be a wallet that is more secure friendly to ensure that your Butcoins are safe and no one can gain access to your coin

So what wallets specifically are you personally using to store those bitcoin you hold?

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It's up to you.you will choose where to keep it.if you care about safety store it in hard wallet.or an online wallet just put some 2fa verification for more security.or try to use some earning wallets.you can gain profits by storing some amounts on this earning wallets.they offer usually 10 to 18%interest per month.

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You can saving your bitcoin in investment program or wallet, that's general method. Saving is for people who don't have time to check market every hour/ day and need patient to reach target. Some people never use investment strategy, they keep trading because they believe grow up fund is better decision than wait.

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On 10/13/2019 at 9:48 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.

 

I always keep my crypto coins on coinbase and payeer. The security system is very tight. A stranger can never be allowed to touch my crypto without my permission. You can use coinbase for your account. Keep crypto safe because there are alot of hackers and scammers to steal your crypto.

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I always thought that the YoBit exchange is an ideal place to store money. InvestBox allows you to earn good income without even participating in the trade. You can always respond to market changes.

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Saving with investment program is good step but of course you need to worry about security because hackers are every where. I'm not investor but using invest box from Yobit is very interesting. From there we can get interest and if we have big money, I think trading is useless.

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20 hours ago, Traderbtc28 said:

For me, i prefer keeping most of my coins in the offline wallet rather than in the exchange unless its a coin that is not supported by the wallets that i have,else it will be in my wallet.

Keeping in offline wallet is more better but if someone will want to do trade with some amount of his BTC then he can keep some amount in a reliable exchange. 

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Personally, I keep my bitcoins and other cryptocurrencies into a safe and trusted electronic wallet, it is important that you invest into an electronic wallet where you know your money is safe and guarded at all times.

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No the exchang not a wallet .. keep your money safe in wallets and don't invest or use any platforms.. the platforms can hacked

Keep your money safe 

 

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6 minutes ago, Kariuki said:

I think the best place is to put them in either a wallet , especially wallets that are stable, but to be sure there must be a good other working fomular, there are sites such bitrix where you can invest your bitcoins and earn interest. its good you earn on a daily  basis about 1% and or 6 months you get about 8% so its a good thing that people should be able to use, deposit your bitcoin there, also hold some because there is no telling whether it will go up or down

I do not agree that bittrex is a better exchange because I have a number of issues from that exchange and they will not send any email for delisting any coin and will remove your coins from your wallet.

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The best place to your Bitcoin is on exchanges, but you have to be  careful on what exchanges you choose, chose one with good security and privacy.

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1 minute ago, Casinoval said:

The best place to your Bitcoin is on exchanges, but you have to be  careful on what exchanges you choose, chose one with good security and privacy.

Yes keeping on exchange will make you to research first as if you kept your money on any exchange which will scam in the future then you will lose all of your bitcoin forever. 

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1 minute ago, BensonIT said:

The most safest place to store your coins is only through paper wallet but the challenge with the paper wallet is not known to many thats the bigger challenge 

Paper safe ? I would not recommend a paper wallet but a physical ledger with fingerprint and password protection. In case of theft they cannot use it while paper wallets can be stolen.


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Lately, I have been doing my research and study about yobit's investbox, whenever I have extra cryptocurrency, I invest then and put them there so that it will grow over time.

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15 minutes ago, ethannbenny said:

To my own opinion after planing to keep some of your bitcoin, I think you can keep your bitcoin on Yobit invest box but it's much better that you keep your bitcoin on a safe and secured wallet 

When you say it like that i agree, if you get good interest daily or weekly, maybe better profit than safe.

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On 10/13/2019 at 10:01 PM, Saoha said:

I hold very little bit of Bitcoin right now. I keep my coins on Myetherwallet, trustwallet and wallets on exchanges like: Binance, kucoin, Hotbit. As long as any wallet is secure, I can keep the coin in it

Keeping the bitcoin in the wallets like binance ,myetherwallet are the most safest way.apart from these exchanges or wallets we have ledger nano wallet as better option

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There are different wallets to keep your btc and other coins safe.Block chain wallet is one of the most recommended wallet.The security of the blockchsin is very good.That's why i love to keep btc in my blockchain wallet.

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It is safe to use a hardware wallet, a multi-computer wallet or a cold-storage wallet to store bitcoins. Creates a seed sentence, write it onto paper and store your wallet in a safe place (or in some safe locations as backups). Your own complete node will help the wallet.

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i use only hardware wallets and software wallets because i am the one own my keys. on exchanges i just the bare essentials to trade. other than that there all in my wallets where i can fully control them

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I would like to store it on a Desktop wallet but it takes up a lot of space. So you have to store it on an online wallet.

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If you want to save your bitcoin from online hacking and fraud then hardware wallet are best to keep your bitcoin but if you want to earn more profit then you can just do trade, invest or can deposit on site or exchange that pay interest on bitcoin holding like banks give you on your money.

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