Thanks all for your plentiful ideas and suggestions!
HS
Topic: Besst BTC Security For Dummies (Read 779 times)
Hey All!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Hardware wallet or paper wallet
read this: http://coinbrief.net/bitcoin-security-wallets/
about hardware wallet: https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253
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Are you willing to do that just for op, or for the other non-technical 6+ billion people?
Are you willing to do that just for op, or for the other non-technical 6+ billion people?
The first 6 people that make use of the service will get it for free. After that I'll need to start charging a fee. If 6 billion people all want to pay me to hold their bitcoins for them, I'm happy to do so.
Hey All!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
If you want something toooooo secure , you may consider using the Following wallets : Hardware wallets (It may cost you some money) and Paper wallet (Simply print the Adress & Private keys) .
And the one that I prefer and it's "impossible" to hack are Brain wallets of course but that depends on the strength of your password because people can use Brute-Force attack and crack it easily if it's too simple or they can predict it , also .. depends on your memory
More informations about the Brain wallet from the Bitcoin wiki :
Quote
A brainwallet refers to the concept of storing Bitcoins in one's own mind by memorization of a passphrase. As long as the passphrase is not recorded anywhere, the Bitcoins can be thought of as existing nowhere except in the mind of the holder. If a brainwallet is forgotten or the person dies or is permanently incapacitated, the Bitcoins are lost forever.
A brainwallet is created simply by starting with a unique phrase. The phrase must be sufficiently long to prevent brute-force guessing - a short password, a simple phrase, or a phrase taken from published literature is likely to be stolen by hackers who use computers to quickly try combinations. A suggestion is to take a memorable phrase and change it in a silly way that is difficult to predict.
The phrase is turned into a 256-bit private key with a hashing or key derivation algorithm (example: SHA256). That private key is then used to compute a Bitcoin address, or a deterministic sequence of addresses. This conversion can be done with a utility such as Casascius Bitcoin Utility or Electrum.
Bitcoins are sent to the address. In order to recover the Bitcoins, one must recompute the private key with the same phrase. The private key is imported into a wallet.
A brainwallet is created simply by starting with a unique phrase. The phrase must be sufficiently long to prevent brute-force guessing - a short password, a simple phrase, or a phrase taken from published literature is likely to be stolen by hackers who use computers to quickly try combinations. A suggestion is to take a memorable phrase and change it in a silly way that is difficult to predict.
The phrase is turned into a 256-bit private key with a hashing or key derivation algorithm (example: SHA256). That private key is then used to compute a Bitcoin address, or a deterministic sequence of addresses. This conversion can be done with a utility such as Casascius Bitcoin Utility or Electrum.
Bitcoins are sent to the address. In order to recover the Bitcoins, one must recompute the private key with the same phrase. The private key is imported into a wallet.
If you want a cheap fairly low tech and simple way to secure your bitcoins then install multibit on a USB drive and password protect all addresses created in it. There are much better ways to secure them but if you are not too tech savvy it's something simple you can do. If your computer gets infected/hacked and you figure it out you can do a fresh install before you plug the USB drive in.
https://multibit.org/en/help/v0.5/help_runFromUSBDrive.html
https://multibit.org/en/help/v0.5/help_runFromUSBDrive.html
Try hardware wallet like Trezor or Ledger. They are very secure as they dont expose your private key to the internet.
Hey All!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Paper wallet.
If you weren't so techno-averse, I'd recommend the Armory Offline, or Electrum Offline, wallet.
If you can't even bring yourself to learn how to safely create a paper wallet, then I'd suggest that you find a technophile that you trust and ask for their assistance in safely creating the paper wallet.
If you don't have any technophiles that you trust, then I suppose you can just have the bitcoins sent to me. I'll secure them for you, and send them back to you when you request them.
Are you willing to do that just for op, or for the other non-technical 6+ billion people?
Lets try to answer him in a specific way to his needs. How often do you think you will hold and how often do you think you will receive. How much are you willing to pay to secure your bitcoins? Just some basic information so we would know how to advise you.
For your circumstance I'd sign up with circle.... easy to start... coins are insured.
What is the best way to secure your BTC these days, that is fairly accessible to technophobes?
Trezor - easiest and most secure way to deal with BTC.
https://www.bitcointrezor.com/
Hey All!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
https://bitcointalksearch.org/topic/options-for-securing-your-bitcoin-wallet-858604
Hey All!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Paper wallet.
If you weren't so techno-averse, I'd recommend the Armory Offline, or Electrum Offline, wallet.
If you can't even bring yourself to learn how to safely create a paper wallet, then I'd suggest that you find a technophile that you trust and ask for their assistance in safely creating the paper wallet.
If you don't have any technophiles that you trust, then I suppose you can just have the bitcoins sent to me. I'll secure them for you, and send them back to you when you request them.
Hey All!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
Busy as hell in the real world these last few years!~
What is the best way to secure your BTC these days, that is fairly accessible to technophobes? (As in, 'I still have a flip phone and I will avoid the next thing for as long as I possibly can. Every time in the past that I have learned the new technology it becomes immediately outdated).
Thanks much in advance!~
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