Topic: Best way to store Bitcoin safely ? - page 30. (Read 2650 times)
You should pay attention to Desktop Wallet. A desktop wallet offers a number of advantages over an online wallet. While online wallets are easily accessed from anywhere in the world, they are also more vulnerable to potential hacking. Desktop wallets, on the other hand, are accessed only via your private computer, with personal security keys stored just on that machine. Thus, exposure of your security key online is reduced. Nonetheless, desktop wallets are still susceptible to hacks if your machine gets infected with malware designed to root out keys and steal Bitcoins.
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
Yes i agree with this to keep your bitcoin safe to those hacker this is the best need to do and to avoid hackers but i have also a suggestion that other way of offline bitcoin wallet just like what my friend using it almost same but it have a device that it same like flashdrive that have also a keys to open this hardware and also it is avoiding adds to keep your bitcoin safe.
If possible i want to add some tips also :
1. Always clear cache (browsing history) after you finished using internet.
2. Always logout after you login on your BTC wallet
3. Don”t click the ads on any site
1. Always clear cache (browsing history) after you finished using internet.
2. Always logout after you login on your BTC wallet
3. Don”t click the ads on any site
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
Sure it's a great way to keep the bitcoin from the hackers because I have my bitcoin case lost by the hacker. Secure your bitcoin as safe as you can.
I love Trezor because it is a cold storage method that greatly reduces cybersecurity risks and i have not experienced any problems with it.
I'm not an expert on the subject about which you're talking about, so I have a question for you. Tell and Trezor than better? is it possible to use the phone? tell us more about this method
Depends on the volume/purpose. If its an investment and you plan to hold onto the coins for a while then a hardware wallet like the Ledger Nano S is 100% the way to go.
If it's just a small volume of coins for paying for services etc then I recommend Electrum. Been using it for years.
If it's just a small volume of coins for paying for services etc then I recommend Electrum. Been using it for years.
If there is a need to store a large amount of crypto currency, you can not think of anything better than cold storage. Cold storage involves physical access to the information medium, so as to protect it from any attempts to access via the Internet.
You should not store your bitcoin on the trading platform. When hackers attack the trading platform you will lose all your bitcoins. You should save bitcoin in "Myetherwallet".
Use hardware wallet to make your bitcoin safe.
the best way to get your bitcoin safe is to make sure 2fa sure is that it's not just as easy as any bitcoin to steal and most of the sellers 2fa really puts in order not to just hack your wallet and get 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
Many investors are new to the system and may not know how to keep their investments secure, hackers are coming up with ingenious ways of stealing funds.when it comes best way Bitcoin store Paper wallet A paper wallet is also a relatively safe way of storing Bitcoin, although it requires a bit more advanced understanding of how digital currencies work. 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
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
For me the best way to store bitcoin is in the hardware wallet because this designed to store private keys of your coins in an offline setting.
In my opinion, the best ways to store bitcoin safely is by acquiring different types of wallet for your coins. Also, to be more safe and sure, always backup your "private keys" and other "files" in order for your "wallets" to be more secured. Try also reading articles about cyber security for you to learn some efficient ways to be safe while surfing the world of internet.
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
For me! I think! 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
Use a hardware dongle, use a multisig wallet, or on a computer without an internet connection or a peripheral device that can not transmit data to the outside.
On my opinion the best way to store bitcoin safely is to choose a good partner in storing this or in other worlds to choose a best wallet. As the cryto currencies arise also those wallets follow thru, we can say that there are more wallet rather than crypto currencies on this day because this is one of the easiest way to incorporate your business with bitcoin and the other crypto currencies. The real question now is that what the best wallet now because they are so many. In my opinion or what are I am doing is I choose the wallet which has a lot of users even they are charging much on the rebates and other charges.
I think thats a good advise. I am prefer using hard wallet to store all my coin/token. Its not connected with internet and can store many different coin/token. Beside that, its small and we can carry to anywhere
Some of the most prominent thefts have been those that have taken place in plain sight: a recent hack rerouted tokens bound for one wallet for another. The victims watched as their tokens were stolen away from them, with nothing they could do about it.
Here are a few ways to store your Bitcoins that may be safer than others. Read more: What are the Safest Ways to Store Bitcoin?
Investopedia https://www.investopedia.com/news/bitcoin-safe-storage-cold-wallet/#ixzz5GmnJa12e
Here are a few ways to store your Bitcoins that may be safer than others. Read more: What are the Safest Ways to Store Bitcoin?
Investopedia https://www.investopedia.com/news/bitcoin-safe-storage-cold-wallet/#ixzz5GmnJa12e
There are quite a number of ways to store BTC that guarantees safety, they include coldstorage and hrdware wallets, you however have to be cautious on how you encrypt your wallets guarantee safety
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
i guess the best way to store bitcoin safely is stored it on a hard wallet.
but you need money to buy hard wallet, it is not free.
but you need money to buy hard wallet, it is not free.
Yes. The best way to store bitcoin safely is by using the hardware wallet like the nano ledger or the trezor. The hardware wallet is offering the best possible security to the holders of the coin. Even if it doesn't support the visibility of all the coins that are visible on the market charts you can manually input the code of the coin you wish to transfer to the hardware wallet. This wallet also offers the connection with the online wallets and it can connect itself with them and make them more secured with its private key. The best thing is that you can receive Bitcoins if you ain't connected to the internet. I hope you will find the suitable wallet for your Bitcoins.
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