I have some bitcoin in my xapo account, tell me please where to save my bitcoin before august the first ?
Most people are saying that we have to save some keys, but xapo don't give any keys, so I have to use an other wallet, so the is question is what wallet I have to use ?
How to save our bitcoin if we are simple users not programmers ?
Is is ok to use blockchain wallet and send all my bitcoin there, or maybe coinbase ?
A lot of people need to know the answers I think, help us please save our Bitcoin, I am investigating for the answer and I watched a lot of video about that and read a lot of article but didn't yet decide what to do, it's hard when there are so many opinions but we have to choose the right one.
If you know the most correct answer please answer, I will send 1 steem dollars to the person who gives me the best answer after checking it after august first ☺
Keep following @Clixmoney for more interesting questions ☺
Hi I don't expect your 1$. I reply because I think we are here for discussion of course we should appreciate upvotes. This is only my opinion, don't blame me after aug 1 for any risk it may causes you. If you are not sure how to store your btc, I think it is wiser for you to sell them and keep the money for a while. Keep an eye on the development of btc after Aug1. As soon as you see the storm is over then quickly buy btc again. Please pay attention if btc will split like eth and etc. In that case you have to do your own homework, do the study and watch videos and read posting about cryptos before investing again. Good luck
Very good, I just wanted to motivate people to answer me, because it's important for me, i was saving that amout of bitcoin for two years, and I don't want to lose it.
To exchange them to real money is also good but I am worry that I will spend them all.
I will not blame any one, I just want to hear from people !
May be the best way is to turn those bitcoin into an other cryptocurrency, but which one I don't know also.
I will wait any way for other answers to decide what to do.
Oh boy...when it comes to changing BTC to other Crypto...I was pondering that too this morning. Just my opinion, but if BTC starts to crash after a hardfork it is likely to take other cryptos right along with it. Hard to say for sure which crypto would fare better. Hate to say, but probably fiat would be best if you are wanting to convert and not hold. Converting to Gold and/or Silver might be a good option too.
Gold and silver are not bad at all. I agree with you.
In that case buy USDT because the price is set to $1 +/- a few cents
what about buying steem, will be save to store all my bitcoin in steem ? on the steemit wallet ?
yes. you can do that too
Followed ya
hardware wallet, offline paper wallet..
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! :-)
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 ?
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. :-)
+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.
I never used hardware wallet or paper wallet , which one is better ?
Bitcoin Core (https://bitcoin.org/en/download) is a desktop computer wallet for storing Bitcoin off of an exchange. It does take a VERY long time to download the blockchain (7 days or more!) so I would download it now and get it started well before the 01 Aug 2017 deadline! This is a very barebones software program on your computer, but I have found it reliable on my Win10 desktop.
That being said, separate your Bitcoin into different "wallets". Each wallet is more like an account, which you can make separate from each other, so you can store ten or more wallets with your Bitcoin, each with a different pass-phrase, so you can recover your Bitcoin even if one wallet is corrupted for whatever reason.
This is a good rule of thumb anyway, because no one should be storing all their Bitcoin on the same exchange - that is just asking to be a victim of exchange shutdown, hacking, confiscation, etc.
As far as printing out Bitcoin wallets from Bitcoin Core, I do not believe that is an option in Bitcoin Core.