Buy a 4 pack of USB flash drives from amazon for 20 bucks, encrypt and backup your wallet.dat file from your private wallet (need to transfer to a wallet from the exchange in order to do this), and put the file on each of the USB drives.
Make the wallet.dat files "hidden", and pop a few pictures or something else on the drives.
Store your drives in several separate locations - Never the same building in case it burns down - Maybe one at your house, one in your car, one at a loved one's, one at work. Wherever you feel most comfortable. It's good to hide them.
Store your recovery seed (from when you encrypted) in several locations, but never the same location as your USB drives. Ideally, memorize this seed.
Replace all four of your USB drives every 5 years.
Topic: Best way to store Bitcoin safely ? - page 34. (Read 2650 times)
try to use a wallet hardware that is also not connected to the internet
BTC is a very risky asset, where no one can protest, when a person's assets have been stolen
BTC is a very risky asset, where no one can protest, when a person's assets have been stolen
Buy and use a Trezor for secure storage and reasonably easy access to your stored coins.
Keep a little spending money in a hot wallet on your phone.
For that I use Samourai Wallet for Android.
Keep a little spending money in a hot wallet on your phone.
For that I use Samourai Wallet for Android.
create your own offline address, keep your private keys secure, use a wallet multisignature, i personally find myself well with electrum
I think the most important thing to keep bitcoin assets that we have in bitcoin wallets is of course it depends on each individual owner of bitcoin assets. so I mean the way in which to store bitcoin assets with any wallet would not be safe if the owner of the wallet is careless in his private key storage. so I mean hacking can happen if the other party knows about the private key you have so if someone else needs to know about your wallet, I think you should choose someone who can be trusted to keep the private key from your wallet unknown to others. it is one way you should do so that your bitcoin wallet is still safe and of course you must choose a wallet that has a high enough level of security as well as bitcoin wallets with hardware.
The best way of store bitcoin for a saver side is to use Blockchainwallet.info wallet address is a very good one and more secure than any other wallet in crypto community.
The simplest key management method is to store them on files on your own local device: your computer, your phone, or other types of gadgets you carry, own or control. This is good for convenience: there is a smartphone app that can be pushed down with a few buttons, which is hard to beat.
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 that you are telling me is enough to answer for security issues in investing with bitcoin just do the replacement of the key code in a regular way and avoid surfing on sites I do not know 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
Safest way to store Bitcoins are Ledger Nano and Trezer wallet both are hardware wallet we can store bitcoin and etherum in these wallets with private keys
Id like to thank you all for your suggestions, it seems like everyone has there own preferred choice of storage, which has got me a little confused researching everything lol
There are pros and cons to each and every method suggested, so until I decide, I am going to to just keep my funds spread around, "Don't keep all your eggs in one basket" as they say
Thanks again, I wasn't expecting so many replies to what I originally thought was a pretty newbie question
There are pros and cons to each and every method suggested, so until I decide, I am going to to just keep my funds spread around, "Don't keep all your eggs in one basket" as they say
Thanks again, I wasn't expecting so many replies to what I originally thought was a pretty newbie question
Yes to save Bitcoin where you can download the best wallet.You prefer to use coins so you can keep Bitcoin safely and safely. Always keep in a safe place private key to know someone can hack your wallet is a big fan of hardware wallet when it comes to safety point of view. There are several ways to store Bitcoin in an offline wallet including a paper wallet. In addition, hardware wallets are another more flexible way to use.
If you are pertaining to an offline hardware wallet, then that is the best way to store bitcoin and other altcoins. But then, there are still risks of a cold storage. Make sure you gather all the informations needed before doing such thing. I have read before that you have to save it in a usb for security. For an instance, having a cold storage is so helpful in the future and also prevent from theft, if ever.
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.
I think the way you wrote is the perfect way to store coins. That suits the most to huge amounts of coins. I would add just sharing the information about the wallet and coins with the person you know and trust for the case of your death or something like that to your children could get those money if something will happen to you.
It is very much helpful for me as a newbie to catch some new informations through our beloved mates,thanks i must do what you did
i think what you have done is safe enough. each way of bitcoin saving, have advantages and disadvantages. the way you mention is safe enough.
To store Bitcoin safely, you can go through the following system;
1. Register up with a wallet. I use etherium wallet, while there are many others like indodax, waves etc
2. Your wallet pin will be given to you as your security.
3.Carefully keep the wallet pin safe and out of anyone's reach.
1. Register up with a wallet. I use etherium wallet, while there are many others like indodax, waves etc
2. Your wallet pin will be given to you as your security.
3.Carefully keep the wallet pin safe and out of anyone's reach.
No matter whatever you do to safely store your bitcoin, if the method you use is something except hardware wallets, it does not make sense. In all other methods your bitcoin can be stolen.
Did you guys hear about the service to store large wallets (link: https://thenextweb.com/hardfork/2018/05/10/bitcoin-whales-underground-vaults-xapo/#).
I wonder if there's similar service for mid-sized wallets (hopefully cheaper, too.
I wonder if there's similar service for mid-sized wallets (hopefully cheaper, too
. 
if we want to save the safe bitcoin there are some dumpet it, if I use indodax wallet, because Indodax.com is an online market to buy and sell Bitcoin in Indonesia using Rupiah currency. we can also exchange your Bitcoin to various other digital assetssuch as Ethereum, Litecoin, Dogecoin, DASH, Ripple, Stellar, XEM, NXT and Bitshares for free without any cost deductions
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