Topic: Best way to store Bitcoin safely ? - page 31. (Read 2650 times)
the best way i know that you can store your coins is by using an hardware wallet
Maybe by making a lot of wallet and dividing all your coins into all the wallet you have can reduce a little risk of losing coins.
I prefer to use cold wallets, as they are considered to be the most secure. Therefore, my choice fell on the Trezor, I use it for quite a long time and I like everything.
Best thing you can do atm is buy an hardware wallet like Trezor or Ledger and hide the 24 recovery words in a safe place imho
The easier way to store your bitcoin and other cryptocurrency is in a digital wallet online, or locally on your smartphone or computer. But leaving your bitcoin in public view can open you up to attacks from hackers and phishing scams.
I chose a purse for myself Trezor and completely satisfied with it, I have never had any doubts about its safety.
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
Best way to store your bitcoins safely is the trezor hardware wallet. These are offline wallets and can only be accessed when you have attached the USB stick and along with it know your pass phrase and keys. This really is the safest way to store bitcoin so far in a way that they just can't be hacked into. Now on number two comes a simple private key wallet one like the electrum. You just need to store the private keys with you and tada your wallet just can't be hacked into. But these are still prone to key loggers while you are entering your keys. So thats why I put these on number two. 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 think myetherwallet.com is more convenient and popular for keeping Bitcoin secure. To use this wallet a password is required.
having a large bitcoin-state, consider hiring a personal expert on crypto-security, which could audit the storage methods you are using. note that all the existing methods are best done with a small amount of bitcoins available in your purse or account. just in case.
My advice is to use a hardware wallet, for example Ledger Nano S. Be careful, a lot of fakes appeared now on eBay and other sites. Order a hardware wallet only on the official website.
A paper wallet is a relatively safe way of storing Bitcoin, although it requires a bit more advanced understanding of how digital currencies work. Generate a paper wallet online using any number of dedicated websites, or generate the wallet offline for even greater security. Paper wallets are stored easily because they don't take up a great deal of space, and they also offer true anonymity: they are simply a Bitcoin seed written in some way on a piece of paper.
Why don't you use Physical Coins? Services are cropping up which allow Bitcoin investors to buy physical Bitcoins. The coin you purchase will have a tamper-proof sticker covering a predetermined amount of Bitcoin. In order to purchase the physical coin, you may need to pay a slight premium over the value of the Bitcoin that you're buying, owing to the cost of the manufacture and shipment of the coin itself.
I suggest the best way to store bitcoin is in an offline wallet or could be called a paper wallet its not prone or exposed to hackers its very very safe for your bitcoin.try it and thank me later
why are you always trying to look for a way to store your bitcoins safely? justt buy a hardware wallet, store your cryptos in there, and you will never have to worry about that anymore. That is the most easiest, and safest solution.
I think cold wallets are not a bad idea.
If I have more bitcoin, I would not hesitate to invest an amount to protect them.
If I have more bitcoin, I would not hesitate to invest an amount to protect them.
The best way to store bitcoins safely is to use hardware wallets. As long as you are offline, hackers can't steal your bitcoins. But this requires some cost. I think safety awareness is the most needed.
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
A hardware wallet will always be more powerful and secure than anuboblune wallet regardless whether it has 2fa enabled or not. Ledger nano s is a portable and a very good wallet that supports many types of crypto. It is impossible to steal the funds without actually having access to the device in person so it makes it virtually impossible to hack. 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 the most sophisticated security system in the world would still have a gap, no 100% guarantee everything would be safe because everyone like hackers always find ways to get what they want, but at least we can minimize things like that
I used my hand to copy the private key of my wallet on paper. Although this method may seem a bit stupid, it is undeniable that this is a very safe practice. 
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 think myetherwallet.com is more convenient and popular for keeping Bitcoin secure. To use this wallet a password is required. Without the password can not enter wallet. This wallet's password can not be used anywhere. So these Wallet users are protected by Bitcoin.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
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