Author

Topic: 5 Security Tips for Bitcoin Beginners (Read 1083 times)

newbie
Activity: 4
Merit: 0
December 29, 2013, 07:53:21 PM
#20
helpful tips. thank you very much
newbie
Activity: 2
Merit: 0
December 29, 2013, 06:46:11 PM
#19
thanks for the info. Smiley
newbie
Activity: 46
Merit: 0
December 29, 2013, 02:51:38 PM
#18
All great tips. also having common sense and general awareness goes a long way, if it seems too good to be true, it probably is  Wink 
newbie
Activity: 13
Merit: 0
December 29, 2013, 02:45:31 PM
#17
Thanks! Those are all good tips and information.
member
Activity: 98
Merit: 10
December 29, 2013, 02:43:06 PM
#16
Good thread/article.  Thanks!
newbie
Activity: 18
Merit: 0
December 29, 2013, 02:09:08 PM
#15
thanks : )
newbie
Activity: 34
Merit: 0
December 29, 2013, 01:50:17 PM
#14
ALWAYS enable 2FA for your online wallets, if possible.
newbie
Activity: 37
Merit: 0
December 29, 2013, 01:03:40 PM
#13
Thank you for the tips on security. Hopefully we can all remain safe.
full member
Activity: 168
Merit: 100
December 29, 2013, 12:39:13 PM
#12
thank for all good tips and informations,
it was a good read,
i was just interested in  the "taint analysis" and why "blockchain.info" implemented such analyses ?
and who really benefit  from that data analysis Huh
any further read sources will be appreciated.

hero member
Activity: 518
Merit: 500
Hodl!
December 28, 2013, 08:44:07 PM
#11
A problem with any exchange site, and we've seen it with sites dealing in bitcoin securities and similar is that your BTC is not necessarily immediately available, for THEIR security they have to have the bulk of the BTC in offline cold wallets, or should do, and if you want to move more than a couple of BTC out at any given time, you may have to wait up to a week while the "request" is processed... meaning transferred out of the cold wallets (Or in the case of shonkier concerns, re-obtained) This also has bad consequences when there's any amount of concern about the exchange, or demand for BTC, a "run on the bank" can leave users waiting weeks for their BTC.

Then secondly, they are a huge target, they might have huge investment in security, or just think they're smarter than anyone else, but basically you are putting your BTC into somewhere that is under CONTINUAL attack... bad things can and have happened, look up inputs.io for an example.

newbie
Activity: 45
Merit: 0
December 28, 2013, 08:23:21 PM
#10
Are exchange sites such as http://cryptsy.com a secure place to store funds, at least temporarily?

I've seen lots of warnings about online wallets, but I've never heard reports of BlockChain or CoinBase being hacked, so the seem pretty safe to me.
newbie
Activity: 21
Merit: 0
December 28, 2013, 06:54:58 PM
#9
Read that article, that might save you someday.
newbie
Activity: 43
Merit: 0
December 28, 2013, 02:50:31 PM
#8
Thank you, you're a gentleman and a scholar.
newbie
Activity: 9
Merit: 0
December 28, 2013, 01:37:50 PM
#7
Thanks for the tips  Smiley
full member
Activity: 353
Merit: 100
December 28, 2013, 01:13:10 PM
#6
this security meassures are recommended for any cryptocurrency right?
newbie
Activity: 3
Merit: 0
December 28, 2013, 12:47:09 PM
#5
When you send your bitcoin from your cold storage wallet to your active-spending wallet, one problem is that your cold storage wallet is technically no longer cold storage. I have about 15 empty wallets that were created using offline secure methods, and another one that currently acts as my cold storage wallet. Once I'm ready to spend money, I load the cold storage wallet and start spending. If anything is left over, I send the remaining balance to one of my other secure wallets, and throw away the old wallet.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
December 28, 2013, 11:59:41 AM
#4
What will be the cause if we don't hide and protect our wallets?

Will we not face legal issues if we use different wallets?
"legal issues"?  Undecided
newbie
Activity: 2
Merit: 0
December 28, 2013, 11:57:12 AM
#3
What will be the cause if we don't hide and protect our wallets?

Will we not face legal issues if we use different wallets?
newbie
Activity: 2
Merit: 0
December 28, 2013, 11:43:02 AM
#2
Thanks man. Helpful information.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
December 28, 2013, 11:35:05 AM
#1
5 Security Tips for Bitcoin Beginners

Bitcoin makes moving money across the internet incredibly easy, but that ease comes with risks.

There are plenty of ways someone can take your money, track your spending, or violate your privacy.

Fortunately, there are also some straightforward measures you can take to safeguard your digital currency and keep your spending habits private. Here are our top five tips to protect your bitcoins:


http://www.coindesk.com/tips-keep-bitcoins-secure/
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