There are many ways to store your btc, and the safest way is to store them offline or through cold storage. Keeping Bitcoins offline substantially reduces the threat from hackers. This article might help you decide which step is best:
https://www.wired.com/story/how-to-keep-bitcoin-safe-and-secure/
Topic: Best way to store Bitcoin safely ? - page 8. (Read 2650 times)
Most prefer hardware wallet but to me i still prefer saving your private key offline as the safest and best way to save your bitcoin...
I think the most ideal approach to store BTC is through cool stockpiling, its relatively difficult to get hacked while I chilly stockpiling There are anyway various alternatives to Keep BTC safe,you can utilize Hardware wallets,These wallets keep your coins off the web and far from the programmers achieve, they likewise give you finish control of your coins, enabling you to affirm all the exchange that experiences your wallet. You can utilized Trezor or the Ledger Nano S.
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
I use a wallet app. Here in the Philippines, we have coins.ph. Before, they only had bitcoins but now they cater to ethereum as well. For me, in a 3rd world country, coins.ph is a pretty good wallet. Other than the wallet, I take preventive and safe actions like checking my connections and making sure I'm on a trusted one.
for me the most reliable and the way of storage is a paper carrier. this method involves a printed bitcoin-wallet-a 100% confidentiality guarantee, which is provided as a QR code, reading which keys and addresses can be imported into the bitcoin client on the computer and accessed by virtual means. This method is difficult for inexperienced users, so it is better to limit the hardware purse to the flash drive. the main thing is not to lose, not to break and not to put the virus there. otherwise it is the same reliable method as in the case of a paper purse.
We have different ways to store bitcoin safely, they have people who wants to store their bitcoin to the offline wallet because is more safer but it is risky because of the files lose you will not open it. But if you store in online wallet it is prone to the hacker but you cannot forget your password because even you lforget they have forget password to recover it.
Personally I'm using a Nano Ledger. As far as I know it should be very safe. Just buy it from a trustful shop, perhaps from Ledger stpore itself, to avoid the risk that someone could have manipulated the Legder beforehand.
YEs it is one of the best wallet that you can used if you want to store your bitxoin. But in fact the safety of our bitcoin was not only depends on our wallet but for also for us because every wallet have private keys so you must always remember and never foret it so that you have a back up for your wallet.I agree with that , it is also good to store your funds in the cold wallets, it is safe there also on some wallets that has a security protocol, keep private keys safe and secured also , it must be a good wallet and have trusted by so many users, wallets used in storing bitcoins must have a less risk , bitcoin price is changing every time, it is so volatile.
I think the best way to store Bitcoin the Original bitcoin Wallet that you provide for the forum because if you have the key and password of it then no one can steal them from you no matter whatever happens. And when the time will be right you can sell them at the best price you want and you will definetely get some profit.
the most reliable methods for storing bitcoins today are the apple wallets in the form of a flash drive, on which keys are written. Such devices do not have access to the Internet and steal keys with it is practically not possible. the only risk is a breakdown and loss of a flash drive. as an example, the hardware wallet Ledger Nano S.
Personally I'm using a Nano Ledger. As far as I know it should be very safe. Just buy it from a trustful shop, perhaps from Ledger stpore itself, to avoid the risk that someone could have manipulated the Legder beforehand.
YEs it is one of the best wallet that you can used if you want to store your bitxoin. But in fact the safety of our bitcoin was not only depends on our wallet but for also for us because every wallet have private keys so you must always remember and never foret it so that you have a back up for your wallet.
Best place is to store it on a hardware wallet, that way your coins are safe from hackers. They will never be able to access your private keys since it never leaves your device. Good practice is to write down your seed words down on paper or metal imprint card and store them in a waterproof and fireproof safe. Good luck
Personally I'm using a Nano Ledger. As far as I know it should be very safe. Just buy it from a trustful shop, perhaps from Ledger stpore itself, to avoid the risk that someone could have manipulated the Legder beforehand.
I have always believed and will consider the most reliable way to store bitcoins - paper and portable media. in this case, the main thing is not to lose the device or data paper. it will also be important to protect your computer with the most reliable antivirus system and try to exclude visits to third-party sites.
For me i think the best way to store bitcoin safely is in hard wallet. Because unlike other wallets, this wallet secure your money. I think for me, this is the best wallet in all other wallets and i trust this one.
I think a private safe place to store bitcoin in hard wallet but you need some money to buy it
best way to store hard wallet to safely place. and online password storage place or spare store,
The best way to store your bitcoin safely is by storing it on the cold storage.
Never use web wallet for your safety. A client desktop wallet in PC is ok, you have full control on your balance.
a ledger or trezor are good too.
yes you may try to store that on some pc or anything and try also to make some backup copy for some important files of your bitcoin. Never use web wallet for your safety. A client desktop wallet in PC is ok, you have full control on your balance.
a ledger or trezor are good too.
Well, Bitcoin is so secure itself. But also there are something that you need to make sure, actually are they secure? Your wallet, your data storage place, the safe drive password etc matters. You can use the most suggested wallet, next step keep all the personal data to a hard drive and keep that away from the touch of internet so that the account can feel more secure.
The best way to store your bitcoin safely is by storing it on the cold storage.
Never use web wallet for your safety. A client desktop wallet in PC is ok, you have full control on your balance.
a ledger or trezor are good too.
Never use web wallet for your safety. A client desktop wallet in PC is ok, you have full control on your balance.
a ledger or trezor are good too.
There are many ways to store bitcoin safely. You can do this by using hardware wallet and not giving out your private key and password to others.
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