The best way to store Bitcoins is to keep them in a hardware wallet or a paper wallet. online wallets are vulnerable always and have been hacked so many times in history.
So, what I suggest is that keep your BTC in a hardware wallet.
Here are some trusted hardware wallet you might be interested in.
https://en.bitcoin.it/wiki/Hardware_wallet#Ledger_Nano_-_USB_Smartcard_Hardware_Wallet
https://en.bitcoin.it/wiki/Hardware_wallet#Swiss_Bank_in_Your_Pocket_-_Hardware_wallet
https://en.bitcoin.it/wiki/Hardware_wallet#KeepKey:_Your_Private_Bitcoin_Vault
https://en.bitcoin.it/wiki/Hardware_wallet#BitLox_Bitcoin_Hardware_Wallet
And there are many more.
Before you make a choice, always do your homework and research. To deal with Bitcoins always carries risks.
Topic: Best way to store Bitcoin safely ? - page 36. (Read 2650 times)
I want to recommend you a good, reliable wallet for storing bitcoins. I myself have been using this purse. It's called Exodus. The wallet is very convenient, has a beautiful interface. I really like him. Try it, you may like it too.
There are quit a number of good ways to store your Bitcoins but one thing that you must emphasize on is the security of your coins,this should always be given priority at all the time. we all have preferences when it comes to the choice of wallet we use. some will settle for web based MEW because of the rapid transaction speed and efficiency, Bu for the sake of proper security, I'd settle for Hardware wallets which are not as prone to hacking as Web base wallets. They store your crypto offline making it impossible for a stranger to access it.
you basically want a cold storage and to be safe you have to first learn advantages and disadvantages of each method and then learn how to use them in the safest way possible.
for example one of the popular methods is paper wallet, for that you don't really need a separate PC, you can always use a live Linux on a DVD with your internet disconnected and you can use a tool like bitaddress.org source code or any other bitcoin wallet that allows you to export your private keys. then print it on a paper but remember to laminate the paper so that it can last longer.
the disadvantage of this method is that spending these funds is time consuming so it is best used for long term storage that you don't want to touch often.
the other popular method is using a hardware wallet but for that you have to buy one which is going to cost you but you can be safer than using a hot wallet but at the same time you can continue using the funds you have in it as often as you like.
for example one of the popular methods is paper wallet, for that you don't really need a separate PC, you can always use a live Linux on a DVD with your internet disconnected and you can use a tool like bitaddress.org source code or any other bitcoin wallet that allows you to export your private keys. then print it on a paper but remember to laminate the paper so that it can last longer.
the disadvantage of this method is that spending these funds is time consuming so it is best used for long term storage that you don't want to touch often.
the other popular method is using a hardware wallet but for that you have to buy one which is going to cost you but you can be safer than using a hot wallet but at the same time you can continue using the funds you have in it as often as you like.
how about keeping multiple amounts at different wallets ?? it not what is meant by " don't keep all of your eggs in one basket" but you can think of it as a twisted way to apply this saying, you reduce the risk this way don't you think ??
Create your wallet and save the file and equate it in an on-site location, but the metamask is also a security-relevant way
Equate to an on-site location ? Im a bit thick im not sure what you mean lol
Ive looked at metamask before but it was a chrome only addon is this still case ?
Create your wallet and save the file and equate it in an on-site location, but the metamask is also a security-relevant way
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
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