Great post. It's so dangerous to keep coins on exchanges, and even though they've heard this before, most will continue to do so for the convenience of it. That is until they suddenly can't access their coins because their exchange went belly up while they were sleeping. =/
RE: Most Bitcoiners Leave their Bitcoin At Risk
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Most Bitcoiners Leave their Bitcoin At Risk
thank you. I've been victim of closures, hacks, and government seizures all now and I maybe btce is the last straw for me to finally learn the lesson!
It's just sometimes hard to keep track of all the softwares; installing altcoin wallets for example itself sounds like a pain; so how do i diversify and maintain some semblance of ease of use and ability to access from any computer?
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Buy a hardware wallet. I have several Trezor and can recommend them. You could also try the Ledger but I have never used this so can't comment on it.
Trezor is not expensive (around $80 I think) and is simple to set up. You can also store the main coins on it including all ethereum tokens.
It is also easy to use once coins are on it.
I don't suggest you use it if you are buying and selling coins daily as it will prob be too inconvinent but if you are not day trading it gives peace of mind that your investment is safe.
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Everything is a trade-off between security and convenience. For my largest holdings, I personally keep a paper wallet (printed sheet of paper with my addresses and keys) as well as a Flash drive with either the same in PDF or a copy/backup of the actual
wallet.dator whatever it happens to be. I do have a tiny bit of coins on exchanges, so that I can speculate a bit when the markets are fluctuating. However, it's nothing I can't afford to lose. I keep up with the value of my holdings separately using MyCoinBag.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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