Topic: Best way to store Bitcoin safely ? - page 27. (Read 2650 times)

There are other ways to keep your BTC safe like buying a hardware wallet like Trezor or Ledger,also storing your coins in a paper wallet and keeping them in a safe place.
Other measures is not to download a wallet from unknown source as it may be infected with viruses that will steal your coins.(Electrum for example,alot of counterfeit wallets popped up and beginners fall in the trap),so check that you are downloading the wallet from the official website and check the developer signature and keep your computer safe from keyloggers and trojans.

In my opinion, the safest way to save is to use a wallet address, and not to tell the key to anyone. 

If we often have transactions with bitcoin, it is advisable to store the bitcoin on a wallet that is practical or easily accessible, for example bitcoin android and desktop wallet.

Blockchain is a trusted and unquestioned bitcoin wallet. We can see all bitcoin transactions like sending and receiving bitcoins from all blockchain accounts. The security system can guarantee in every transaction and storage.

Another plus is that blockchain makes it easy for online merchant merchants by setting up API technology.

The best method is hardware wallete. Most of people prefer ledger nano s. Its cheaper than tezor HW wallets. Also, no any issue identified with coinbase.

Here are some considerations about how to secure Bitcoins, https://www.investopedia.com/news/bitcoin-safe-storage-cold-wallet/. Also, I believe that hardware wallets are the most viable among others.

I think the best way to store bitcoin safely is that make a copy of all the important things that you needed in your bitcoin. Just like what other said the most important thing to hide or secure your bitcoin is do not forget anything that is connected to it.

Even hardware wallets aren't always safe from exploits:
https://thenextweb.com/hardfork/2018/03/20/ledger-nano-s-hack-cryptocurrency/

I agree with the last posts above mine, a hardware wallet is the easiest, cheapest, simplest and safest option you have right now. Get a Ledger Nano S and you'll be fine.

Hardware wallets for me. It combines the features of cold storage and a digital wallet. You get to store your crypto offline, but should you need to make a transaction, you can quickly do so by simply plugging it in your computer.

In my opinion the best way is always a Hardware Wallet. Of course you have to have something to give us up, for the small change is not worth the expense.

For the best security, you require cold storage. Cold storage in the blockchain realm simply means a device that is disconnected from the Internet. This is the toughest security measure possible to safeguard any crypto-investment from the prying interests of hackers.

Even if your wallet were to fall into the wrong hands, cold storage solutions offer high-end encryption to deter even the toughest hacks.

Paper wallets that are properly generated offline and securely stored are immune to hacking/malware/etc. The idea is you never enter the private key into a networked computer until you're ready to spend the Bitcoin, and even then you can sign the transaction on the offline computer and transfer it to an online computer for transmission using software like Armory. The only way they could be compromised is by physically stealing the printed private key, or perhaps a weakness in the cryptography.

How paranoid are you?

If you're not very paranoid, you could use a web based generator like http://papercoin.org/ to generate a paper wallet. Ideally you should audit the JavaScript source code, use your browser's private browsing mode, and disconnect from the internet while generating and printing paper wallets.

If you're somewhat paranoid, you should boot a machine using a Linux live CD, generate the paper wallet, print it, and shutdown the machine, all while completely disconnected from the internet. See: Creating the ultimate Bitcoin Paper Wallet

If you're very paranoid you'd use an N-of-M scheme to generate M keys, any N of which could be used to recover the actual private key (e.x. 2-of-3, or 3-of-5), and you'd distribute the keys to M different safety deposit boxes

If you're extremely paranoid you'd destroy the computer and printer after generating your paper wallets. Or just compute your paper wallets by some rolling dice and performing the math by hand

 There are many ways to secure your Bitcoin.The advice given is not necessarily bad, but they exclude many other options. For example, they do not take into account your use case.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, Bu for the sake of proper security, I'd settle for Hardware wallets which are not as prone to hacking as Web base wallets.You can use Ledger nano wallet, because i think this is the most simple and secure type of btc wallet.

We all know that there would be always at risk in storing in a decentralized and online based system so it is better to lessen the risk by not limiting ourselves on the way we could store our bitcoin.To store bitcoins safely can use online digital wallets but if your bitcoin is publicly displayed it can lead to attacks of hacking and fraud.Then the best option is to use hardware that can store your bitcoin offline.

The best resourceful way to store bitcoins requires where you can download all the best wallets throughout cryptocurrency. I'd rather use coins and replace a pH so that you can store lots of bitcoins so that everyone is safe and secure Always keep a safe place in many places, especially the private key to know that one can damage your wallets. so store your bitcoin safely ... that's the right thing to do.

Can't we store our bitcoin in hard ware wallets i heard it is very safe.

In my opinion, there are some safe ways to Bitcoin:
Use a core wallet on a computer that does not have an internet connection and peripherals can transmit data outside!
Use a hard wallet that supports Bitcoin and altcoin.
Use mutisig wallet requires multiple signatures to confirm the transaction
+ Some other ways, ...

To store bitcoins safely can use online digital wallets, but if your bitcoin is publicly displayed, it can lead to attacks of hacking and fraud. Then the best option is to use hardware that can store your bitcoin offline.

We should be carefull of our Bitcoin password or your private key. In order to keep it safety we put our important documents in a wallet that are not knowing or letting of others so that it will not lost.

For me the best and the most secure way to store your bitcoins and even altcoins if you are planning also to store one in the future is through using ledgers. These are specialized storage that offers much better security compared to regular on-line cryptocurrency wallet.