Topic: Best way to store Bitcoin safely ? - page 21. (Read 2650 times)
There are many variations on how to do this, I recommend still ask the person who has a lot of experience, and with whom you communicate well, if this is not, I recommend to view the information on the Internet.
while bitcoin is stored in a purse, and thus the key is only from the owner, the coins are safe. the only thing this platform can not fight with is the risks of the real world: the threat of theft, bullet in the head, fire and floods, as well as threats that emanate from the purse owners themselves. for long-term investors, there will be a lock on time in the wallet. this is one of the reliable ways to guarantee unavailability.
The best way to store your bitcoin is hardware wallet and some online wallets are also available for all types of people but my choice is hardware wallet because no one can access without you want help from your wallet .
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
Actually, all of that correct but the easiest way to store your bitcoin is to put in a wallet and do not ever share the password and private key of that wallet. On the other hand, just keep it in a safe place and do not trust anyone because there are lot of scammers. 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 believe that apart from storing crypto there is a more important issue. Unfortunately, it isn't very liquid these days. Luckily, I've recently heard about Paytomat. Paytomat will streamline the process of accepting the payment in crypto for the merchant, and give an extra incentive for the customer to pay in crypto of their choice with no extra conversion. This will bring liquidity to cryptocurrencies.
I recommend you to use hardware wallet like trezor or ledger nano s . but i prefer ledger because it compatible with neo and nep5 tokens also. that feature is not in trezor
there are some recommendations that can significantly reduce the risk of hacking and stealing your wallet. for you they will be useful. for example, creating a backup copy of the wallet file, creating a strong password, encrypting secret keys, reliable antivirus and storing crypto currency on cold wallets. they are many, but these are basic. and, of course, do not fall for the tricks.
there are five methods that significantly reduce the risk of theft: paper wallets, encrypted paper wallets, offline signature of the transactions (without Internet connection), fragmented secret keys, multi-signature wallets, hardware wallets. if you use at least one of these methods, then you should not worry about hacker attacks.
I suppose the best way is don't be jealous and buy a cold wallet like trezor and don't think about safety as you worry when your funds are on the virtual wallet or even on the exchange
One popular method is a paper wallet, for this you do not need a separate PC, you can always use Live Linux on DVD and your internet is disabled and you can use a tool like https://bitaddress.org/ source code or any other bitcoin wallet, which allows you to export your secret keys, then print it on paper, but do not forget to laminate the paper so it can last longer. The drawback of this method is that the expenditure of these funds takes a long time, so it is better to use it for long-term storage.
Another popular method is to use a hardware purse that is not as prone to hacking as web purses. They store your crypto offline, which makes it impossible for a stranger to access it.
Another popular method is to use a hardware purse that is not as prone to hacking as web purses. They store your crypto offline, which makes it impossible for a stranger to access it.
while bitcoin is stored in a purse, and thus the key is only from the owner, the coins are safe. the only thing this platform can not fight with is the risks of the real world: the threat of theft, bullet in the head, fire and floods, as well as threats that emanate from the purse owners themselves. for long-term investors, there will be a lock on time in the wallet. this is one of the reliable ways to guarantee unavailability.
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.
The use of hard wallets to store Bitcoins is always the safest. Because my number of Bitcoins is not much, I still use Blockchain, it's pretty good too. 
This world is not something absolutely safe. If relative, you can use blockchain.info to store your bitcoin. Good luck!
I am a great fan of the hardware wallets when it comes to the safety point of view. There are multiple ways to store Bitcoins in offline wallets including paper wallet, hardware wallet etc. You can download the reputed paper wallet generator from GitHub and move it to any offline PC and generate paper wallets to store your funds offline. Alternatively, hardware wallet is another way which is more flexible to use.
Hardware wallet is the best way we could store our bitcoin or other type of cryptocurrency because it is much accessible and easier to used. But I suggest to have a multiple type of wallet that you could used in terms on investment, holding or trading that could probably help you on managing your coin.
That's so easy! Save your wallet and lock your wallet in a safe place. If I may suggest, Do a backup for your wallet, you can save it on your flash or your hardware. It prevents lost or damaged computers someday. It's Easy Right?
I think the best way to store your bitcoin safely is to stored it on a hard wallet and keep you private key in a safe place you can also use 2fa auntheticator for you to secure your account.
Never give privacy key to anyone and maybe better you use your 2FA Auntheticator wallet because it is very safe in securing your wallet.
They are different way to store bitcoin and is safe with an adequate guide towards it. Tharefore I like using Blockchain technology wallet address, that is Blockchain.info wallet address to secure my bitcoin for a long period.
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I think the hardware wallets are very useful for that hi investors Barbican under Dell some cryptocurrencies because online wallets are not as safe as hardware wallet that's why I recommended it ,.
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I think the hardware wallets are very useful for that hi investors Barbican under Dell some cryptocurrencies because online wallets are not as safe as hardware wallet that's why I recommended it ,.
As my knowledge Hardware wallet is the safest and most reliable way to store the bitcoin and other cryptocurrencies. If the computer broke that may be an issue for recovering process.
They are different way to store bitcoin and is safe with an adequate guide towards it. Tharefore I like using Blockchain technology wallet address, that is Blockchain.info wallet address to secure my bitcoin for a long period.
blockchain info wallet has done the job for me either in past, but given that it belong to Roger Ver, I've grown reluctant to use that service in future, as I just don't like the guy and am wondering what else he will do
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