Topic: Best way to store Bitcoin safely ? - page 33. (Read 2650 times)
If you want to store your Bitcoin safely, I think using a hardware wallet. Because hardware wallet has enough security so that, hackers can't access your wallet easily. And of course, you should keep the wallet password as secret.
I think you can keep Bitcoin safe by downloading the best wallet. And can you use your accounting password?
There are many online and offline wallet to store bitcoin safely. They unsure us about security but after that we also have to be careful to entered any unknown link which might be send us via mail by unknown person.
i sugggest you to save it on the pc or mini pc that run linux operating system, why linux? as i know that linux is virus proof its mean that virus can't attack on linux operating system because it just made on the windows OS and i think the "developer" of the viros still like to makes viros for windows than linux OS
keep your wallet and private key, in a very secret place.
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 this is most vulnerable question and I think is the question that every bitcoin user wants to know. As we all know that bitcoin transactions does not involve any third party seizure and it provides user anonymity so it’s very difficult to recover your bitcoin once been stolen so it is very much necessary to keep your private keys very confidential and I think pen drive or any otg drive or any portable device is the best to keep all these private keys . 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
Store it at blockchain.info, this is the most secure bitcoin wallet online and you can even leave it there for a long period of time and visit it back for 10 years and see what happen to your investment!
The best way to store your bitcoins is to store it in a place you can't spend it!
Buy and forget are my best words...
Buy and forget are my best words...
The ONLY way to store your coins safely is to store them on your own cold wallet, plus you got to make back-ups something like Electrum or Jaxx can fit
That's good but takes too much processing power. In case you have a lot of money in BTC, it's worth it, then you have not that much, I suppose having 3-5 different warm-wallets would be more than enough. Usb encrypted storage is also a great option, that doesn't require powerful system
if you want to store your completely secure then go for hardware wallets. they are hack proof. my first i recommended and is number one and the best that you can store your bitocoin is a lenger S nano its look like a USB if you want to see your bitcoin balance just put in the computer and no one can hack your bitcoin because in this world many hacker and they uses a phising site like if you want to log in your user name and password but in the top of your URL box has have a not secure it shows that its not safe. if you dont have a budget just use blockchain it can also store your bitcoin.
The ONLY way to store your coins safely is to store them on your own cold wallet, plus you got to make back-ups something like Electrum or Jaxx can fit
I always repeat the same thing: the best way to safely store your bitcoin or any other crypto - is just to be careful and do some research before investing in suspicious projects, send your coins to not reliable wallets etc.
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
if you have your own wallet client, that is good. but the problem is you need to download the blockchain database.
usually the blockchain database is very huge. You need to patient for downloading that.
the other option for safely store bitcoin is store it on cold wallet.
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
that's a good idea, but I think running bitcoin without an internet connection is not possible. and about the safety of the wallet, I think it's still less safe if we are less careful in its use. despite all the security systems we install. 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
Bitcoin is a digital money, like wise the Banks we have in the difference countries today buy operating using a saving box, that has fire resistance to store you and I. our paper money, to avoid damage or fire hazard or any other stories to tell, in the name of money is missing. Therefore the Blockchain Technology has create a high potential wallet using Bitcoin and Ethereum wallet all together in the chamber, and store in the cloud where no fire hazard can penetrate on it, and is more saver than any other
The hardware ledger it is the best way to store your bitcoin safely such as Trezor Ledger, Nano S Ledger etc because it's offline ledger and you can connect it to the internet when you want to do some transaction. You have fully controlled your ledger.
If you want to store your Bitcoin safely, at first you have to choose the best wallet. At this case i think hardware wallet could be better choice. You can also use different wallet to save multiple amount.
In my opinion, you should limit access to black sites, unknown links. Hackers always install malicious code to steal our wallet. You should log in with Metamask to better protect your account.
I personally have four USB sticks containing a Veracrypt Encrypted WALLET.DAT with all my coins. All in cold storage.
I then keep one for my keychain, one for my lockbox, one for my go-bag and one stuffed in a sealed metal capsule buried in the nearby park with GPS coordinates on a piece of paper hidden in another capsule buried under the flowerbed in the garden.
The metal capsule ensures I still have access to my coins IF everything burns down or whatever.
And I have a DVD photo album full of vacation photos that I sent my relatives, but it also has a hidden WALLET.DAT copy.
Granted, I only hoard coins, not spend them. I think long term anyway.
I then keep one for my keychain, one for my lockbox, one for my go-bag and one stuffed in a sealed metal capsule buried in the nearby park with GPS coordinates on a piece of paper hidden in another capsule buried under the flowerbed in the garden.
The metal capsule ensures I still have access to my coins IF everything burns down or whatever.
And I have a DVD photo album full of vacation photos that I sent my relatives, but it also has a hidden WALLET.DAT copy.
Granted, I only hoard coins, not spend them. I think long term anyway.
create your own offline address, keep your private keys secure, use a wallet multisignature, i personally find myself well with electrum
The best and safest way to store our Bitcoin offline is a hardware wallet it is safe from public view which hackers and phishing scams cannot attack. Hardware wallets look like USB drive, but then create at least one back up on another encrypted storage device to be secured.
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