Topic: Best way to store Bitcoin safely ? - page 15. (Read 2650 times)
i think the best way to store Bitcoin is good hardware wallet. its more secure and give more sense of security. better way to solve the threat from increasing number of hacking exchanges
The best way is to save only the cold wallet, because the hardware wallet is offline, and the hacker has no way to enter your wallet.
I would rather go for a hardware wallet like Trezor or Nano Ledger S. I am planning to buy it very soon. For now, I am storing it in a hosted wallet. Even if I am confident with it, but not satisfied 100% when it comes to safety and security. I would also like to store Bitcoin in a paper wallet like what I did with Electroneum, but I kinda feel that hardware wallet would always be the best for security purposes.
There are some great ways to save your Bitcoin but one thing you should emphasize is the security of your coins, this should always be a priority all the time. we all have a preference when choosing the wallet we use. some will be satisfied with the web based MEW because of the fast transaction speed and efficiency. One of the popular methods is the paper wallet for that you do not really need a separate PC, you can always use Linux directly on dvd with your internet disconnected and you can use the tools such as bitaddress.org source code or another Bitcoin wallet that allows you to export your private key. So it is impossible for a stranger to access it.
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
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
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
Thanks for the information that you have been share to us, you are right save your keys in a safer place, do not share your keys to others especially to the persons that you cant trust. Save your keys many times and in many places so that you are sure that it will not lost. 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
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
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 best way to store bitcoin safely are ledger and nano both are hardware wallets investing in hardware wallets are much better rather than online wallets
There is a great way to save your Bitcoin but one thing you should emphasize is the safety of your coins, this should always be a priority all the time. Another popular method is to use a hardware purse but for that you have to buy one that will cost you but you can be safer than using a hot wallet but at the same time you can continue to use the funds in it as often as possible. What you need.
Offline wallets are the safest option but I personally use the ledger nano s because it allows me to store the private keys for multiple coins, important to remember that if you go down this route then you need to keep your backup codes in a safe place that no one else can access!
it is better to store bitcoin in the hardware wallet than in the exchanges especially if we have much bitcoin like for example more than 10 bitcoin. we don't know how safe the exchanges and there are no guarantee that we can keep our bitcoin in that place. maybe I will leave only small amount bitcoin and keep the rest of my bitcoin in the hardware wallet.
Good theme for people that are smart and careful with their crypto. One thing if you are working every day in playing on the exchanges and you need to have all the coins there, other if you are holding coins to earn.
since I'm just new with bitcoin this thread will be very helpful to me. mall values can be more comfortably stored on Hot Wallets
Hardware wallet and a pc without virus and another extra laptop that is not connected to internet since it is bought. Try also to diverse your bitcoins from different hardware you have.Anotger way is by hardware wallets which offers the highest amount if security and tge highest amount of risks. Because when the hard disk of your computer is gone, so is your bitcoins.
it is better to store bitcoin in the hardware wallet than in the exchanges especially if we have much bitcoin like for example more than 10 bitcoin. we don't know how safe the exchanges and there are no guarantee that we can keep our bitcoin in that place. maybe I will leave only small amount bitcoin and keep the rest of my bitcoin in the hardware wallet.
I do have the same thinking with you guy. Truly it’s much more better for us to get our wallet away internet correction because it’s quite an easy place for being hacked. I am almost prone to hardware wallet like Ledger Nano because I feel like that it’s highly secured than any others. Our private key can be guaranteed safely that make most hackers do not have any space to steal your wallet. Besides, hardware is immune to computer viruses which can increase the safety for our wallet. In short, hardware wallet is rather a good choice to store wallet.
the best way to store bitcoin safely are ledger and nano both are hardware wallets investing in hardware wallets are much better rather than online wallets
best way to store bitcoin is the hardware wallet . Trezor also best offline wallet for btc store .
OP should have made a poll !
There are many online and offline wallets for safe storage. They do not know about security, but after that we also need to be careful to enter any unknown link that can be mailed to us by an unknown person.
Not taking a risk also a risk.. Keep that in mind
Yes investing in Bitcoin is risky compared to traditional banks.. However in the long term Bitcoin can give you more than 10x returns..
Yes investing in Bitcoin is risky compared to traditional banks.. However in the long term Bitcoin can give you more than 10x returns..
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I love my Ledger Nano for long term storage for bitcoins, eth and eth tokens that I won't touch for the next 6-12 months.
I also have a ledger nano s hardware wallet and i don't encounter any problem with it by using it and it is one of the best hardware wallet that i have ever used because i was using trezor before and i didn't feel any satisfaction because of the fewer coins that is being supported by the hardware wallet and now i am happy and satisfied with ledger nano s because of the more coins supported.so which one is good between ledger nano s hardware than trezor? is it easy to use the ledger? how about the price? because I think I want to buy the ledger after I can make a profit again. actually, I don't have any problem with my trezor but I think I want to try the other wallet hardware so I can have another experience to store bitcoin.
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
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
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 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
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
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
To store bitcoin safely just download a crypto wallet or digital wallet that many people use because it means that it has a strong security. If you have now a bitcoin wallet, make a password that you will never forget and no one can easily know it. Don't let anyone will know your password because he or she may get or take your bitcoin. Be responsible in holding your bitcoin.
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
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
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
Best cryptocurrency wallets that are available are of the hardware variety. They provide maximum protection as they are most of the time encrypted in your hard disk. Ledger Nano S is one of the big names when it comes to securing coins via hardware wallets as it is very efficient and reliable. And, on top of that, cheap. Which makes it a very big option for when you choose to buy a wallet. 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
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
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 best and safest way to follow me is to use a wallet software developed by a developer on a computer that is not connected to the internet!
Be careful when storing private keys or wallet.dat files
Be careful when storing private keys or wallet.dat files
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