Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on August 05, 2018, 09:22:41 AM
-
I've read a lot of articles claiming that the hardware wallet Ledger Nano S is one of the safest and secured way of storing Bitcoin. However i believe that the total security of Bitcoin storage is in the care of the holder of a particular wallet irrespective of the type. How secured and safe you keep your login details determines the security level of your wallet.
-
I mostly just keep my crypto on an exchange. I know it's a bad habit but I want to be able to trade it every day without worrying about fees transferring into and out of each exchange.
-
It depends on the situation weather you can save it on your digital wallet or you can save it on the bank or on your hand. The most important is that you can invest you money on a proper way, and easy to access to get your money to buy your daily needs or anything you want to buy it. Just keep it safe the best that you can, you have many choices.
-
Yes, of course we keep our bitcoin in the wallet even though for years it's also safe for us.
-
people said that because it will only get connected to internet whenever we make a transaction,unlike other storage such as our PC for example.
when we get connected to internet,we are risking our identity and everything else to get leaked on internet.
that was why many people lost their Bitcoin.
-
I mostly just keep my crypto on an exchange. I know it's a bad habit but I want to be able to trade it every day without worrying about fees transferring into and out of each exchange.
Keeping on a (trusted) exchange is fine in smaller amounts (the exact amount considered 'small' would obviously be specific to individual investors). And it makes perfect sense if you are a high volume trader, the fees for transferring funds in and out on a daily basis would soon add up. Of course, cold storage is ideal, but it doesn't suit everyone's situation. Just be sure to take the cream off the top every now and again.
-
I have a small amount of bitcoin and because of that small sum i keep them in exchange(a trusted one)
-
Although storing on Exchange is not the right thing to do, I've always kept it on Exchange so far. If long-term investment is considered, then paper wallets would be the safest method of storage, ledger is also quite safe.
-
Yes, of course we keep our bitcoin in the wallet even though for years it's also safe for us.
I think keep bitcoin at wallet is the best way and secure. I have done it and enjoy it.
-
In fact, the best way to store cryptocurrency on a cold wallet, but if you use it often, then create and use two wallets. On one wallet on your computer, store most of the coins, and the part of the coins you use to store online wallets, stock exchanges or Ledger Nano S. Do not keep all your money in one place, because there may be unforeseen circumstances that will cause you to lose their money.
-
I always keep it in Exchange so far. If long-term investment is considered, then the paper wallet will be the safest storage method, the ledger is also quite safe.
Even though saving in Exchange is not the right thing to do, at least I have been trying for the best.
-
Hardware wallets are one of the most reliable ways of storing cryptocurrencies, but using for example Ledger Nano S you should completely trust the developers of this purse. Nobody is immune from a technical malfunction or errors in the software, but you can store Private Key from your wallet by writing it on a piece of paper in several copies, in which case all responsibility for saving your funds falls on you.