RE: Where to save my bitcoin before august first ?

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Where to save my bitcoin before august first ?

in cryptocurrency •  7 years ago 

hardware wallet, offline paper wallet..

cryptocurrency
7 years ago by

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      ·  7 years ago 

    Great alternatives! I've had my Bitcoin in cold storage on an Electrum wallet I keep on a secure computer. I've played around with creating paper wallets and they are fun to make. You just have to keep the finished product in a dry safe place, and be careful not to light any fires with it. Hardware wallets are probably the best! :-)

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        ·  7 years ago 

      I know some people that kept bitcoin in their hardware wallet but if something will happen to the pc, you will lose everything, is it correct ?

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          ·  7 years ago (edited)

        The hardware wallet is separate from your pc, so it's really more secure than what I've done having an Electrum Desktop Wallet. Hardware wallet is different keeping your currency in it's own self contained secure world off-line and off pc. I'm still learning myself, but if I were dealing with a large amount of Bitcoin to secure during this time of uncertainty I'd go Hardware. Trezor has been recommended to me. Something I intend to check out.

        Either way it's important to write down your recovery code that comes with these wallets. I had my computer go down and lost my Electrum wallet for a day. But using the Recovery Seed which I had written down and saved in an old fashioned filing cabinet, I was able to get it back with no lost Bitcoin. Just have to play things safe. :-)

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            ·  7 years ago 

          +1 for Electrum, I also recommend it. It's is an awesome lightweight wallet! Just need to make sure to keep (preferably multiple and in numerous locations) backups and use strong passwords for your wallet.

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              ·  7 years ago 

            I never used hardware wallet or paper wallet , which one is better ?

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