Best way to store Bitcoin safely ? - page 4.

thisappointed

hero member

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Quote from: mendra_2009 on July 09, 2018, 02:39:47 AM

Blockchain is the best way to store bitcoins safely, so far I have saved my bitcoin through blockchain and never had any problems to this day. Most importantly, never someone else knows the password gmail, and password bitcoin account that we have, then no one can steal the bitcoin we have.

A lot of people are using it but it doesn't mean that it is completely safe, it is hackable, and if I remember it correctly, blockhain was already hacked by hackers and millions of dollars has been stolen from all of the people whoo store their Bitcoin in Blockchain. Hardware wallets is more secure than web wallets I must say, but it depends on where you are comfortable.

Hardware wallets might cost a little but it is good if you are looking on using it in the long run.

mendra_2009

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Blockchain is the best way to store bitcoins safely, so far I have saved my bitcoin through blockchain and never had any problems to this day. Most importantly, never someone else knows the password gmail, and password bitcoin account that we have, then no one can steal the bitcoin we have.

market-beta

jr. member

Activity: 392

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if I always keep it in Wallet. then I provide additional security like Google authenticator. and always clean my hp and lektop from an unclear virus. and I always remove apps whose source is not clear. and do not do a stout action such as opening an asset in a public place.

gbccoin

newbie

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That’s a good topic. To keep bitcoin safe is a very important thing. To keep it safe,you have to keep your wallet safe.And to keep your wallet safe you should might choose a qualified and best suggested wallet and some software like metamask etc. And also keep the password and important documents in a offline hard drive. And never in a online drive.

uberwala

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the way it seems to be correct and with this information hopefully can provide knowledge and can be a solution for new traders who have bitcoin much in order to be more secure to store bitcoin owned.

bungsoh

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One popular method is to use a hardware wallet but for that, you have to buy one that will cost you but you can be safer than using a hot wallet but at the same time you can continue to use the funds that are in it as often as possible. as you please.

bigblackdeck45

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Quote from: litecoinricky on May 02, 2018, 06:50:03 PM

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 Sad

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 Huh

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

This is a good read right here. Thanks for this information, a lot of newbies and less experienced have now ideas on how to keep their bitcoins safe. I believe though that no matter how secure your wallet is if you are not practicing safety then you will likely get hacked. Always practice safety and keep you passwords secure all the time.

doch

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Quote from: Theizestooke on July 08, 2018, 01:11:14 PM

Blockchain is the best wallet to store bitcoin. As well as you can use offline hardware wallet to keep your bitcoin safe. Offline wallets are hard to hack. So with the use of offline wallet you can get an assurity of safety.

That is still risk there, one can easily hack your account to me i think that the best way is to store your bitcoin in a hard disk but must make it sure that you have a best qualiity hard disk because once it become corrupted you can lose all your bitcoin and it is even not possible to recover it.

Gabah56

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in between ways we can double the bitcoin we have to be safe from thieves. namely by providing additional security such as Google authenticator and so forth .do not install apps whose source is not clear. and always clean hp and lektop agan from virus that can cause our assets to be lost .

Ratmanrr

newbie

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Cold or paper wallet. This is the generally accepted safe practice.
Ledger Nano S has been fine for me so far

CRYPTON0101

newbie

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As far as cold storage I favor the Ledger nano...Some consider the price too high, but its worth it to keep your crypto SAFE. A few dollars for peace of mind.
MEW is fast and efficient.
Keep your eggs in various baskets and locations...backups, backups and more backups

Kurukungkwang

newbie

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Quote from: litecoinricky on May 07, 2018, 07:15:15 PM

Hi again
I just wanted to let you guys that have been recommending the hardware wallets,
I was going to buy the ledger nano s tonight until I read there is security issues with them, Ive just made a post here regarding the Ledger Nano S https://bitcointalksearch.org/topic/warning-for-ledger-nano-s-users-buyers-3630923

Because ledger is very expensive I cannot afford to buy the best way to store bitcoin safely is hard wallet and I keep it in a very safe place that no one can know about that matters.

Gorionh

newbie

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Quote from: litecoinricky on May 02, 2018, 07:07:19 PM

Quote from: alenahype on May 02, 2018, 06:54:07 PM

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 ?

There's no safety in any kind market but we should make it safe. All information regarding your account should be private so that no one will attempt to hack your account.

bahtiy

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I think the bestway to store bitcoin is through hardware wallet.With a hardware wallet, you will always need this hardware to access your Bitcoin, making it more secure

Techfrog

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Paper wallets have always been one of the best options if you do not want to spend a single buck, but it is more than true that you can have them on a cold wallet and nothing is going to happen to your bitcoins so far, i already tried it.

ankit05

full member

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Trezor wallet is best way to store bitcoin safely. Trezor is hardware and offline wallet and it is designed in a way to be secure hardware wallet. So You can buy it or you can

H4hire

newbie

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im pretty sure you'll be fine just using a hardware wallet in the proper way. I have a trezor and I've never had an issue with my funds on there. people having their funds on exchanges makes me cringe so I needed them in my own hands lol. youll sleep better at night with a hardware wallet knowing they can't be hacked

ogabonny

newbie

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Quote from: meililiuzhuan999 on July 08, 2018, 12:42:44 PM

The use of offline hardware wallet is the safest way to save, but it costs a lot of money to buy equipment.

An offline hardware wallet is actually better as you said,they are not as expensive as they used to be, a Trezor wallet for example cost like 70 $ which may not be too expensive for someone who owns a bitcoin.

ogabonny

newbie

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There are a lot of third party wallets which enable you withdrawal your btc when needed,Coinbase offer such for example,but I think it is better you make use of a wallet where you have access to the private keys .

salahfycl

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https://eloncity.io/

i think the best way to store Bitcoin safely is a hardware wallet that stores your bitcoin offline and offers a number of advantages over an online wallet .

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