Best way to store Bitcoin safely ? - page 24.

airdnasxela

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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

There are actually many wallets available that are I think safe and it only matters on the things that you are doing. You can use hardware wallets but it cost some money but I think it is safe enough. You can also try paper wallet but considering of creating or making it, it is time consuming. I think almost all wallets available are safe and it only depends on your carelessness on exploiting your keys.

merrillolive

newbie

Activity: 224

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Quote from: $anounimus$ on June 10, 2018, 06:25:55 AM

seems to make a bitcoin wallet without using the internet can not because it may be hit with the address of the wallet that is on the internet, whereas if you send bitcoin using an offline wallet it seems like it will be at risk.

There are quite a few softwares available for purposing purposes, but I have never used a BTC wallet, but I use the MEW wallet, which is really safe if you install Metamask. So they are safer for us to trade tokens or ETH. Criminals will never be able to know our personal lock.

Sabihtikoy

newbie

Activity: 42

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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

The most secure way to store your Bitcoin is to produce paper wallets from a copy of a website using a browser on an offline computer booted from a secure OS on a CD printing to a wired printer with no internal memory.However, that's only work for long term.I'f your looking for security but usable storage. You can try hardware wallet like a Ledger or Trezor that will very securely store your Bitcoin while still being usable.

tanghere02

sr. member

Activity: 518

Merit: 250

Thats one way of storing your coins safely but you can also buy a hardware wallet so in case you need to travel and you meed to bring with you those coins, you can just safely store your coins as well and bring it with you wherever you go; like Ledger for instance.

Ngewex Yuk

sr. member

Activity: 1190

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The first time I store my bitcoin is in blockchain.info which I think is the best online wallet, all the security features are available there and I'm never afraid to save on blockchain because it's proven to be the safest wallet.

alvinmtp

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Activity: 658

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I think the best way to store BTC is through cold storage, its almost impossible to get hacked while i cold storage There are however a number of options to Keep BTC safe,you can use Hardware wallets,These wallets keep your coins off the internet and away from the hackers reach, they also give you complete control of your coins, giving you the ability to confirm all the transaction that goes through your wallet. You can chose to use Trezor or the Ledger Nano S

$anounimus$

sr. member

Activity: 1610

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www.licx.io

seems to make a bitcoin wallet without using the internet can not because it may be hit with the address of the wallet that is on the internet, whereas if you send bitcoin using an offline wallet it seems like it will be at risk.

Remainder

hero member

Activity: 949

Merit: 517

Quote from: iMark on June 10, 2018, 06:09:46 AM

Quote from: taeewo on June 07, 2018, 12:51:09 PM

Hard wallet is cool but if you cant afford it, just download a wallet you will have access to its private key and the pk should be save offline to avoid any form of phissing or hack..

I think don't too complicated to use a variety of wallets like hardware wallet or etc, I've been using online wallets for years, but I've
never had a hacking problem, I just added 2fa to every wallet account I have, and I have different passwords for each account

Me also, I've just using online wallet for my bitcoin holdings and seems no problem for me since i'm using this very long time, I think it just depend on the users on how to protect their wallet from hackers or phishing but I can't also guarantee 100% of my holdings in my online wallet safe because they always say that their is no safe in online world.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: taeewo on June 07, 2018, 12:51:09 PM

Hard wallet is cool but if you cant afford it, just download a wallet you will have access to its private key and the pk should be save offline to avoid any form of phissing or hack..

I think don't too complicated to use a variety of wallets like hardware wallet or etc, I've been using online wallets for years, but I've
never had a hacking problem, I just added 2fa to every wallet account I have, and I have different passwords for each account

rawr1620

newbie

Activity: 91

Merit: 0

one way to store bitcoin safely is by using wallets i use wallets mostly for bounty campaigns and every so often i change my wallets in order to keep it secure.

gesdan

full member

Activity: 616

Merit: 100

Quote from: staceyrita on June 10, 2018, 05:55:14 AM

what can be a guarantee of security of the tutorials you share? Can you show me how safe the wallet is? because I've been using MEW (MetaMask).

use the bitcoin client in your pc is safe ways, we all here know about the bitcoin client and it safe, what is MEW? myetherwallet? myetherwallet is not like the metamask, its totally different, because it come from different website and different company. so what did you use?

staceyrita

newbie

Activity: 154

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what can be a guarantee of security of the tutorials you share? Can you show me how safe the wallet is? because I've been using MEW (MetaMask).

SamantaPinkeralspink

newbie

Activity: 7

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I still think using a cold wallet like nano ledger or trezor is the verry best option.

Msile

hero member

Activity: 658

Merit: 503

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 would say that the best way to store your Bitcoins safely would be by buying a hardware wallet. No other option is as secure as a hardware wallet. But if you cant afford it than storing all your coins on a separate OS/PC which you haven't used before would be a safe option. Also don't do any thing other than your Bitcoin transactions on that PC.

cedrixperez

jr. member

Activity: 149

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Here in our country we use coins.ph and I don't have any problem by using this, but in international wallets you could store your bitcoins in hardware wallets I think its much safer than online wallets.

maminelly

newbie

Activity: 210

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a good ways to store your 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 some will settle for web based MEW because of the rapid transaction speed and efficiency for the sake of proper security, I'd settle for Hardware wallets which are not as prone to hacking as Web base wallets store your crypto offline making it impossible for a stranger to access it....

fendi09

newbie

Activity: 27

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we have to emphasize that coins our secure this must be a top priority along waktu.dengan that we should use a wallet to store but it takes funds in order to use as often as possible

umbara ardian

sr. member

Activity: 1358

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PredX - AI-Powered Prediction Market

I think that's the right way, but is it dangerous to give your bitcoin to the computer you are using at this time could be exposed to a virus that is encrypted with a thief code so as to make your private key stolen better you store in blockchain.com after that you print out private key you have.

somtandon2015

copper member

Activity: 154

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These are the following best way to store Bitcoin safely.

Electronic wallets
Software wallet
Online wallet
Mobile wallets

Suprittandon

newbie

Activity: 81

Merit: 0

There are the following best way to store bitcoin safely.

Desktop Wallet
Hardware Wallet
Paper Wallet

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