Best way to store Bitcoin safely ? - page 11.

Baby Dragon

sr. member

Activity: 896

Merit: 272

OWNR - Store all crypto in one app.

Quote from: litecoinricky on May 02, 2018, 07:50:03 PM

Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down Sad

But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure Huh

1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place

Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?

Sorry if my question has been covered many times, but I just don't want to make a big mistake.

Thanks
Rick

The easiest and best way to store your bitcoin is through putting it on a secure wallet so that you assure your bitcoin is safe and secure. In addition to that, just use trust wallet like blockchain so that there will no problem on storing your bitcoin. Lastly, just keep your private key and password in a safe place.

Zigzagkuy

full member

Activity: 384

Merit: 100

the best way to store bitcoin is to use bitcoin core wallet. I think it's very safe and keep private access in a safe place. And never tell anyone about it. So far I have never tried using it I prefer to use blockchain only. And that's pretty safe to me

vakie1

newbie

Activity: 84

Merit: 0

The simplest key management method is to store them on files on your own local device: your computer, your phone, or other types of gadgets you carry, own or control. This is good for convenience: there is a smartphone app that can be pushed down with a few buttons, which is hard to beat.

raahi

newbie

Activity: 224

Merit: 0

Well the best way would be to make it inaccessible on the web that is that to copy the address where it is stored, erase all trails leading to that data and store it in a external hard drive this is safe but the physical constraints of a hard drive mean that you could lose it all if anything happens to the hard drive.

audreyking.king

newbie

Activity: 26

Merit: 0

The best way to store bitcoins is to store them in a hardware purse or a paper purse. In addition, you also use the way of inquiring some people that you know and asking them about the wallet that they've used, as simply as that.

phosphine

newbie

Activity: 45

Merit: 0

Best way to store bitcoin safely is to have a wallet that will have passcode and your password must be hard to guess.

sitnibtc

newbie

Activity: 84

Merit: 0

i think the best option would be a hardware wallet. but do note that it is not free.

phelanceter

newbie

Activity: 70

Merit: 0

The best way is to spend some money and buy a hardware wallet. If looking for free option then you can consider exodus, which is a desktop wallet, and free online wallet is blockchain.info and coinbase.

Wolfgang.Smith11

newbie

Activity: 76

Merit: 0

I think the best way to store BTC is through cold storage,But you have to buy one and it may cost you some amount but its worth to spend some money for proper and better security of your funds.

Arata

member

Activity: 392

Merit: 10

Actually bitcoin has a strong security protocol system so if to lose bitcoin it is definitely the fault of the users. It looks like the safest way for users is to use a hardware wallet to store bitcoins. Also users must be careful with web phishing and use 2FA as a further security measure.

Phinoy

newbie

Activity: 98

Merit: 0

Quote from: litecoinricky on May 07, 2018, 08:15:15 PM

Hi again
I just wanted to let you guys that have been recommending the hardware wallets,
I was going to buy the ledger nano s tonight until I read there is security issues with them, Ive just made a post here regarding the Ledger Nano S https://bitcointalksearch.org/topic/warning-for-ledger-nano-s-users-buyers-3630923

I think it's better to store bitcoin by investing.more safely if you do it maybe you will think more without hassle and you can think other thing's without thinking more to your bitcoin only wait for the market to get high .

Ashwin Kumar

newbie

Activity: 134

Merit: 0

From last few days, I am just purchasing bitcoin from different resellers and trying to store in my coinbase account even now I am planning to hold for a long time as I think this will be 15k very soon.

marcosfx

full member

Activity: 303

Merit: 100

The Future Of Work

I have heard also that hardware wallets are safe and secure, I'm going to buy myself one of those, but little bit later, so maybe I can share with you the advantages of it later.

lamcouz

member

Activity: 322

Merit: 10

Hackers always are are just monitoring our wrong move, as of now to protect our money from frauds and hackers attacks by following these basic steps ,have very strong password,always check before making any transaction ,use the cold storage,double check all the crypto relates web sites you visit

Zeronic

member

Activity: 243

Merit: 10

the best way to store bitcoin safely is in hard wallet.
hard wallet is the safest wallet because you dont need to write your private key to send your coins

bitcoinskyrocket09

member

Activity: 239

Merit: 10

Quote from: litecoinricky on May 02, 2018, 07:50:03 PM

Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down Sad

But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure Huh

1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place

Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?

Sorry if my question has been covered many times, but I just don't want to make a big mistake.

Thanks
Rick

I think the safest way to save your bitcoin is by using the bitcoin client in your personal computers. And the the main key to keep all your bitcoins safer is to keep them away from any suspicious hardware and keep away from the use of internet during transactions. With that I believe that your bitcoin will be safe in that computer for a very long period.

hogriderr

newbie

Activity: 78

Merit: 0

if in my opinion to be able to safely store bitcoin one thinks I make long-term investments and also keep bitcoin safely be sure to bring a wallet that is not connected to the internet.

NABiT

sr. member

Activity: 320

Merit: 259

Quote from: baby02 on June 24, 2018, 01:44:13 AM

In my own opinion the best way to secure your bitcoin is to always back up your data, and make several wallets don't put your bitcoin in just one wallet for security purposes.

That's double edged option...

It does mean if you screw up with one wallet you still have the rest of your bitcoin in your other wallets.

On the other hand several wallets means several sets of security options to record and keep safe.

baby02

newbie

Activity: 98

Merit: 0

In my own opinion the best way to secure your bitcoin is to always back up your data, and make several wallets don't put your bitcoin in just one wallet for security purposes.

Nunii

member

Activity: 322

Merit: 10

Hardware wallet is the safest. Make sure you wil ne storing tokens which are compatible with the wallet else, you'll lose them.

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