Use a hard wallet or Wallet developed by the Bitcoin development team on a computer that is not connected to the Internet.
Or use the wallet Mutisig
Topic: Best way to store Bitcoin safely ? - page 9. (Read 2650 times)
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
Spread your bitcoins apart to many wallets. That's a way higher survival rate compared to keeping everything in one wallet. It's scary that you leave it in one wallet and neither should you access it in any connections you aren't affiliated with. Don't ever be reckless with bitcoins.
As i understand, the best way to store bitcoin is of course Ledger Wallet
Better get a hardware wallet especially if you had a great bitcoin holdings. As we all know that many are techie when it comes to Information Technology that could be able to access your computer online. So storing bitcoin safely is to use an offline digital wallet where it could never be reach by these smart people. I suggest save your bitcoin on a paper wallet it could be more advantage and safe to use.
There are so many ways to store or secure your bitcoin having a hard wallet (cold storage not connected to the internet) is the surest way to keep your bitcoin safe and also ensure your private keys are safe thanks
All those things that you have listed are very helpful and fair enough, but I would say that until you would have at least $10,000 on your account, you won't be interesting for the main hackers who can hack the system.
I think the best way to store our bitcoin is using hardwallet. Its more safe storing our bitcoin on hardwallet because its not connected on internet. But if we not using hardwallet, we should keep our private key safe
you should be using cold storage to store your Bitcoins.
There are so many ways to store our bitcoin, but we need to have a good wallet to store it wisely, and to make it safe you must need to have a knowledge about the what to do's and don't when you open your wallet most of the time dont click the unfamiliar site because it is a fishing site then.
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 the best way to save and store your bitcoins is to store them offline because this is the place where they are k AST susceptible to being stolen or being hacked, the most important thing while storing them is the you should be very private and confidential with your wallet keys and passwords and it is advisable that you should not share your key with any one except one who is most reliable to you so that if any mishap happens to you then he or she could use them for the purposes you have earned your bitcoins. 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
Steps by using 2FA Authenticator will be very secure as they require code from your mobile phone or from your PC. And you must be smart in choosing the storage area you will use for onward.
I keep my savings on two different purses. So if honestly it happened by chance but honestly quite happy with it. It's more safe 
In my opinion, (Well, this is the difference of taste I think) the safest way to save your Bitcoin, is to use hardware wallets like Ledger and Trezor. With a hardware wallet, you will always need this hardware to access your Bitcoin, making it more secure. And you also have to give physical approval to do the transaction. This feature can improve security because if a hacker attacks your computer, the hacker will not be able to physically press the lock on your hardware to give transaction approval.
I prefer to use coins. pH so that you can store bitcoin safely and secured. Always keep in the safe place the private key so that know one can hack your wallets.The best way to store bitcoin where you can download the best wallet. You may use coinbase as well as other hardware 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
Basically, that is the best and simplest way to store your bitcoin but there are many method or ways to keep or store your bitcoin safely. Using of cold storage wallet will really help you to keep your bitcoin safe and secure because it is one of the most secure wallet. Cold storage wallet is best way to store your bitcoin in a safe place.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 prefer a desktop wallet. I have a reliable anti-virus software, I don’t keep my private keys on my smartphone, so I am not afraid of system hacks and smartphone losses. Although, I have to be careful with my PC, that’s why I am always keeping it out of my kids’ control
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
Basically, that is the best and simplest way to store your bitcoin but there are many method or ways to keep or store your bitcoin safely. Using of cold storage wallet will really help you to keep your bitcoin safe and secure because it is one of the most secure wallet. Cold storage wallet is best way to store your bitcoin in a safe place. 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
really, a good way to keep a bitcoin currency safely so as not to be anxious is to use one of the hardware purses. As long as you leave your PC or offline, the hacker can not steal your bitcoin currency. But this requires the cost. we think security and comfort awareness is the most important thing needed.
The first hardware wallet is LEDGER that looks very much like a USB stick. LEDGER will work using its own application that becomes a browser plu-in as in chrome. You should be careful when using LEDGER because if wrong in inserting pins 3 times your wallet will be removed. In addition, LEDGER is claimed to be a safe bitcoin dompe because the seeds can be recovered as it used to be able to return personal keys to lost or damaged wallets. Security Tips Saving bitcoins is a key must be in print, do not let the key is stored in a wallet connected to the internet connection because the risk to be stolen or hacked larger.
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
For me the best way to store bitcoin using with Ledger Nano S.For the best security,you required cold storage.Cold storage in the blockchain realm simply means a device that is disconnected from the internet.This is the toughest security measure possible to safeguard any crypto-investment from the prying interests of hackers. 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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