Curve.fi "use permanenet storage" option when depositing Bitcoin, what does it mean?
I'm about to deposit in the yEarn btc vault, when to curve to deposit and turn bitcoins into wrapped ones but noticed this option there. What this does when it's enabled and what are the risks when it's not? Can't find info on their site about it.
[ Bitcoin ] Help -I’m just looking for the cheapest option to store my bitcoin and Monero on the same cold storage device !
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Help -I’m just looking for the cheapest option to store my bitcoin and Monero on the same cold storage device !
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What advantage does a Pi4 full node with Electrum Server on the same LAN with a desktop running Electrum, have over a desktop running Bitcoin Core full node and wallet? (optionally if you plan on using a Ledge S as cold storage)
Noob Q: How is trezor different from storing cash under a mattress?
I.e. if you have loyal guards with guns - quite safe, whereas if you live in a hostel - no so much. This may be true of many other bitcoin storage options, but I am trying to work out why Trezor in particular is touted as such a great leap forward, when there seems to still be this massive vulnerability
Just discovered I have a lot of bitcoin. I'm paranoid about long-term storage options?
Printing means anyone who takes a picture owns my bitcoin. And if the paper gets wet/burned/torn, I lose my bitcoin. Storing on computer means I'm open to hackers. Storing on USB drive means if the USB drive fails or degrades I lose my coins. Storing in cloud is just a no-no. Sticking it in a bank/exchange is just waiting for that exchange to fail. Help?
Help me understand the fork(s), make the most out what I have. Please.
Hi there, I've been holding btc and a few other cryptos for about 3 months now and I'm very happy with my current positions, but I'm still a little confused as to the best options for the coming months. I currently trade on gdax and it's been fairly profitable for me (got lucky). However I've heard that exchanges are not the best option for storage during a fork and I would like your opinions on where I should move my coins temporarily. I've done some research but I still don't know what the safest place is going to be. Ideally, I would like to have quick access to the forked coins (s2x and Bitcoin gold?), but I'm more concerned with security and reliability more than anything. I've been considering using breadwallet (or another iOS app if y'all can recommend one) simply for ease of access and convenience, but I know that a paper wallet or hardware wallet might be safer. I guess my question comes down to: what is the safest Bitcoin storage option that allows me to easily move between trading platforms and will allow me to quickly access forked coins should they come up now or in the future? I appreciate any advice that you guys can offer. Thanks!
Introducing Bitcoin to newcomers: What is the "least bad" storage: poorly made paper wallet or phone wallet? Any other option?
I talk about Bitcoin to many people on a regular basis (when they ask me about it), and I try to show them how it works, rather than just talking theories. Often, I start the conversation by saying "I'll show you how simple it is", I make them download Breadwallet if they have an iPhone, and Mycelium if they have an Android, then I send them the equivalent of a buck. After that, they usually have questions and conversation can start. After they have received a few bits, and I explained them it's like cash, they want to know how to store them properly. I usually explain to them the value of HD wallets and the power of the seed, then I tell them it's fine to keep it in their phone wallet. But, sometimes, they are convinced about the whole concept and they want to buy a full Bitcoin, "for the future". And of course they are willing to "be their own bank". Some of you would argue 1 BTC is too big to stay on a phone wallet. But it is too small to justify buying a Trezor, and I KNOW I won't be able to convince them to make a really safe paper wallet. My question is then: is it better for them to make a not-so-safe paper wallet (ie download the script and run it offline, possibly in an infested environment), or to tell them to keep it on their phone? I usually tell them to keep it "in their phone wallet" (I know it is not physically there), but I was wondering what you think? Is there a third option?
Best option for long term bitcoin investment and storage
So I thought about getting my 1yo daughter a bitcoin wallet as a sort of a bitcoin fund where I would put some BTCs every month and then give it to her once she's 18 or 21. This made me realise how few options there are for a secure, convenient, long term bitcoin storage. I don't think any existing online wallets and exchanges can be trusted to still exist in such a long time frame. On the other hand physical devices can break, get lost or destroyed over a long period of time. What technology do you think would be the best bet for my use case? Is bitcoin even mature enough yet for such purpose?
New to Bitcoin: Ledger Nano a good storage option?
I read (skimmed) the sticky thread and decided to either have hardware storage (Ledger nano is cheap) or copay/mycelium. I only plan to buy a handful of BTC right now. Anyone have suggestions to which may be a better option?
Coinbase is a good hot wallet option to go with. It’s a good option for storing cryptocurrency and for making transactions all with one slick online storage cloud. Coinbase is very secure, but the problem is that it only allows for the storage of Bitcoin and Ethereum. The easier way to store your bitcoin and other cryptocurrency is in a digital wallet online, or locally on your smartphone or computer. But leaving your bitcoin in public view can open you up to ... Options for storing your Bitcoin include hardware wallets, metal wallets, software wallets and exchange wallets. Each Bitcoin storage solution has its own advantages and disadvantages, but there are many options depending on your needs. Keeping your Bitcoin safe might seem like a simple task, ... A paper wallet is ultimately the best Bitcoin wallet option due to its safety. Trezor/Ledger, Electrum, Blockchain.info and Coinbase round out the top five. Users can lose bitcoin and other cryptocurrency tokens as a result of theft, computer failure, loss of access keys and more. Cold storage (or offline wallets) is one of the safest methods for ...
Safe Bitcoin storage options for regular people- Rocky Palumbo
Cryptonix is here to help by providing a free introduction & guide to bitcoin, cryptocurrency & blockchain. ... live market prices, technical indicators, tutorials plus wallet and storage options ... In this Clip Andreas examines the available multi-sig and cold storage options. This question is from the February 2020 live Q&A for Patrons, which took place on February 29th, 2020. For partnerships and all other inquiries please go to Crypgro.com to learn more. In this video I will explain the 5 best wallet options for keeping your cryp... Santiago, Chile- Welcome to the 1 Bitcoin Show! Trace Mayer was on the show last week and he talked about crypto storage. Trace dropped names like Glacier and Armory and he freaked some people out ... If you want to HODL a portion of your coins for a long time (we're talking years here) then these Deep cold storage options are likely for you. One of our favorite ones is CRYPTOTAG's titanium ...