Topic: Best way to store Bitcoin safely ? - page 3. (Read 2650 times)
If you do not want to invest then you can use Exodus desktop wallet, because this is another multicurrency wallet. Easy for you to use.
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.
The best way to save it is to store it on your wallet, which is not on the Internet, but, for example, on a flash card. It is always convenient to carry with you, and it will be safe.
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, you are right keeping your bitcoin in a offline wallet is much safer and you can put it in aywhere you want. 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 suppose it depends on where you are presently on your crypto journey. I think the most secure ways IMO are hardware wallet or cold wallet. Although i think that if you don't have or hold less than 1BTC, investing money to buy a hardware wallet might not necessarily be worth it at the time. However, if you hold a decent amount then you could buy a hardware wallet because it offers you added security of having to confirm every transaction on the token but additionally with PIN protection. Some critics would say that hardware wallets are just extortionate USB drives (might have a point) but better to be safe than sorry.
The safest way is to put your crypto currency on a cold wallet, have a few recovery files and take it all to the bank cell of a reliable European bank
There are many online offline and hardware wallet where you can keep your file safely so in this way you can store your bitcoin safely.
Should Never save your password or keep your password in a place that can be reached or the same place. Do not share your identity, which can be used to hack your wallet. Never enter any untrustworthy or suspicious websites.
for me the best deposit in coins.ph because it's very easy to use and it's safe to keep it safe especially if you have accumulated a great amount of time you can use it sometimes at a time to grow. Also use the elecricity bill and even Your bank may be withdraw.
Well don't rely much on coins.ph better not to store much btc in an online wallet as this may possible cause of hacking. Although coins.ph has many usage but think of a safe wallet where to kept our btc. Always look for other options to store your btc aside from coins.ph. 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
I will suggest you use paper wallet to store it because online storage can go wrong sometimes..
Currently, hacker are coming up with wisely way of stealing funds.so i think hardware wallet and paper wallet is best way to keep your BTC safely.
Hot wallets are never completely secure. you must have strong password and alway check before any transaction
Hot wallets are never completely secure. you must have strong password and alway check before any transaction
Hard wallet is best to store bitcoin. But it cost money to purchase a hard wallet
As what majority of crypto enthusiast and experts say, it's better to have your crypto assets in a hard wallet because it's more secure than that of online crypto wallets. But why spend money just to store your crypto assets? I am using online wallet like myetherwallet and all is going well until now. Security and safety always comes from ourselves because if we are so careless, your crypto assets is still not safe.
Hard wallet is best to store bitcoin. But it cost money to purchase a hard wallet
No doubt that hard wallet is the best to store bitcoin, but we must remember that hard wallet requires extra power and care, for me to use web wallet like coinbase is a more practical option, the most important is we activate all the security features provided. 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
Your way is the best way to store bitcoin safely because that is the only need to do so that it will not be hacked or lost. I suggest also to you is that do not trust others because there is a chance that even you hide it but you tell somebody it will be hacked because there is a people that willing to do everything just to get what they want.
Hard wallet is best to store bitcoin. But it cost money to purchase a hard wallet
for me the best deposit in coins.ph because it's very easy to use and it's safe to keep it safe especially if you have accumulated a great amount of time you can use it sometimes at a time to grow. Also use the elecricity bill and even Your bank may be withdraw.
In this time we can protect our wallet from the hackers. But sometimes even you protect it properly hacker has a chance of stealing your coin by using malware.. For me the best way to protect it is to open your wallet in your personal computer.. And dont try to click any ads i your online..
best option is hardware wallets. I had always thought they were silly toys. Boy was I wrong. They are the Holy Grail of Bitcoin storage and use.
There are three main hardware wallets worth looking at: Trezor, Keepkey, and Ledger Nano S. They all do the same basic thing, but in different ways. They create the cryptographic private key on the device itself. This takes all the concern about hacking and trojans away.
If I want to spend Bitcoin that is secured by a hardware wallet, I open up any wallet app on my PC that can work with a hardware Bitcoin wallet. I type a PIN code directly onto the hardware wallet itself, using buttons on the device. Then I give permission for the PC wallet app to access the public Bitcoin wallet address on the hardware device. At that point, I can see how much Bitcoin I control, and a transaction history.
There are three main hardware wallets worth looking at: Trezor, Keepkey, and Ledger Nano S. They all do the same basic thing, but in different ways. They create the cryptographic private key on the device itself. This takes all the concern about hacking and trojans away.
If I want to spend Bitcoin that is secured by a hardware wallet, I open up any wallet app on my PC that can work with a hardware Bitcoin wallet. I type a PIN code directly onto the hardware wallet itself, using buttons on the device. Then I give permission for the PC wallet app to access the public Bitcoin wallet address on the hardware device. At that point, I can see how much Bitcoin I control, and a transaction history.
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
The best way stores the bitcoin safely. Split your bitcoin into the different 1. Download BTC client. 3 Create an address on the Person computer without internet. 5. All the information should be written on the paper with plastic and put it in the place that you are the only one knows it. You can also tell your family. In case of emergency, they can use your money for a health problem or whatever it is. 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
One of the best way to safe BTC is on cold wallet because of the private key compared to the online wallet that may got hacked by hackers through pishing and some other sort of attack. When using cold wallet, one should be sure to safe the private key because once the private key is lost, there is no way to retrieve the key or the coins inside the wallet.
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