Best way to store Bitcoin safely ? - page 14.

muhammedb

full member

Activity: 378

Merit: 108

Quote from: litecoinricky on May 02, 2018, 06:50:03 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 best way to safe bitcoin without scared is to have a ledger, with ledger all your cryptocurrency are save because in ledger the password will be phrase in our own word which will take extra miles before some else can again access.

putriliesma

jr. member

Activity: 184

Merit: 1

Never tell anyone about access to the wallet. Because that is the very thing you should be aware of, even if your closest friend or your family, never tell anyone.

Sanjeewa101

newbie

Activity: 280

Merit: 0

Store in a wallet, With own private key
Do not use exchange wallets to store a large amount of bitcoins, Because It will be hacked any time and then It is going to danger

Eigig

newbie

Activity: 126

Merit: 0

Quote from: abiola1 on June 21, 2018, 03:20:05 PM

There are stopped various great approaches to store your Bitcoins however one thing that you should stress on is the security of your coins,this ought to dependably be given need at constantly. we as a whole have inclinations with regards to the decision of wallet we utilize. some will agree to electronic MEW as a result of the fast exchange speed and productivity, Bu for appropriate security, I'd make due with Hardware wallets which are not as inclined to hacking as Web base wallets.

I am preferable with this electronics MEW, because I trusted already this MEW, if it is very safe then we opted to use this for safety of our coins in our wallet.

CoinsAreMyLife

newbie

Activity: 34

Merit: 0

I have my BTC on a Trezor wallet. I think a hardware wallet is the best and most secure way to go atm.

Paper wallets are also good, but too much of a hassle for me. A hardwallet is an easy solution and you can bring it along very easliy when you go on a journey for example.

Emilyp

member

Activity: 546

Merit: 10

Any of the cold storage option for Bitcoin will be a safe, since it keeps your keys away from the internet. It's now left for you to hold them securely and never lose them.

beurk

jr. member

Activity: 153

Merit: 1

Quote from: barcelona 94 on June 21, 2018, 12:08:19 PM

I go full paper wallet. Stored safely at home AND in a vault at the bank AND somewhere safe else. Printed best quality on both paper and ink (laser)

Hey dude, that's my post, why did you copy/paste it so easily, try at least to rephrase it Wink

Quote from: beurk on June 14, 2018, 11:34:58 AM

I go full paper wallet. Stored safely at home AND in a vault at the bank AND somewhere safe else. Printed best quality on both paper and ink (laser).

Escan0r

member

Activity: 224

Merit: 10

Simply you may have to install 2FA Authenticator on your mobile phone because it will be very useful to prevent hackers. And if you think less secure too, maybe verification email every time you want to transact it very helpful.

DanicaManunson

newbie

Activity: 83

Merit: 0

Quote from: Findingnemo on June 21, 2018, 01:43:18 PM

Quote from: Naweedhamid on June 21, 2018, 01:37:35 PM

Personally, I used Ledger hardware wallet to store the BTC and all currencies. I think itis very very safe and easy for all of us. Anyone can buy ledger wallet. Personally I bought 2 ledger wallets for me and my wife. we can use ledger for loading tokens, send, and receiving tokens. It is very very similar to MEW. Definitely, I really love to ledger wallet. Kiss

The best way to store your bitcoin is hardware wallet unless there are some other good morning while it is also available for us if you had some amount buy some hardware wallet it will help you for your long time then make safer investment will be happy by this device.

Hardware wallet is the best wallet where you can store btc, It secured by you and only you can have an access to that, if safety is the main reason why you store your bitcoin that is the way, ledger is also good for convenience of the user, transfer and receiving funds, also if you want to have profit, I suggest that you store your btc in a profitable exchange in order for you to gain profit.

abiola1

full member

Activity: 294

Merit: 100

There are stopped various great approaches to store your Bitcoins however one thing that you should stress on is the security of your coins,this ought to dependably be given need at constantly. we as a whole have inclinations with regards to the decision of wallet we utilize. some will agree to electronic MEW as a result of the fast exchange speed and productivity, Bu for appropriate security, I'd make due with Hardware wallets which are not as inclined to hacking as Web base wallets.

roller24

full member

Activity: 318

Merit: 100

I have very little bitcoin, so I do not worry about security and keep my bitcoins on the exchange binance. This is the safest exchange.

lumpum

newbie

Activity: 152

Merit: 0

I use a hardware wallet, an inexpensive and reliable way to store the crypt, of course not all coins can be held on it, but the most basic can be

rinkeshkashyap01

newbie

Activity: 232

Merit: 0

Bitcoins but one thing that you must emphasize on is the security of your coins,this should always be given priority at all the time. we all have preferences when it comes to the choice of wallet we use. Web base wallets and Exodus. They store your crypto offline making it impossible for a stranger to access it.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: Naweedhamid on June 21, 2018, 01:37:35 PM

Personally, I used Ledger hardware wallet to store the BTC and all currencies. I think itis very very safe and easy for all of us. Anyone can buy ledger wallet. Personally I bought 2 ledger wallets for me and my wife. we can use ledger for loading tokens, send, and receiving tokens. It is very very similar to MEW. Definitely, I really love to ledger wallet. Kiss

The best way to store your bitcoin is hardware wallet unless there are some other good morning while it is also available for us if you had some amount buy some hardware wallet it will help you for your long time then make safer investment will be happy by this device.

Naweedhamid

newbie

Activity: 68

Merit: 0

Personally, I used Ledger hardware wallet to store the BTC and all currencies. I think itis very very safe and easy for all of us. Anyone can buy ledger wallet. Personally I bought 2 ledger wallets for me and my wife. we can use ledger for loading tokens, send, and receiving tokens. It is very very similar to MEW. Definitely, I really love to ledger wallet. Kiss

barcelona 94

newbie

Activity: 113

Merit: 0

I go full paper wallet. Stored safely at home AND in a vault at the bank AND somewhere safe else. Printed best quality on both paper and ink (laser)

beurk

jr. member

Activity: 153

Merit: 1

Unless you're a "small" holder (because of the cost of it) : I saw someone storing his wallet on a laser engraved stainless steel plate. I guess it can be a nice way of keeping it secure regarding accident like fire, water, electronic device failure (like a trezor or a ledger wallet). Dogtags is a cool idea imho, isn't it ?

Filthy1

newbie

Activity: 98

Merit: 0

I would recommend a Trezor or Ledger wallet

PIR

member

Activity: 322

Merit: 10

CRYPTOBLADES Octoblades 10.10

Many people say you can used hardware wallet so your coins is safe, I'm using metamask, until now metamask is good for me, I make sure that i visited site is not phishing site, but if you have money to buy hardware wallet go on its good for you, someday i will buy also that hardware wallet.

emmybd

full member

Activity: 1218

Merit: 112

Best way to store bitcoin is to use hardware wallet, if you don't want to invest then you can use desktop wallet Exodus. It is a multicurrency wallet, you can store many other cryptocurrencies too. It is very easy to use and user-friendly.
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