Topic: Bitcoin offline wallet suggestion - page 2. (Read 681 times)

If you plan on using that wallet occasionally, I bet your 'paper wallet' would eventually get imported to a software wallet like Electrum. If that's your plan using a hardware wallet should be better. The risk of being attacked through clipboard malware is still there but there's no need for you to expose the seed/private key. But of course, as mentioned above, there are many attack vectors including but not limited to fake wallet apps. So, whatever your choice is, watch out for anything suspicious.

the security is not only provided by the wallet type you use, but security is actually gained mainly by the way YOU use such setups. for example paper wallets aren't secure on their own, you have to make a lot of effort to make them secure (offline air-gaped system, a good trusted tool to generate key, encryption, proper backups,...). this effort is less with hardware wallets but it still exists.

I want to know about any wallet for windows where security is the first priority and breaking in through Internet should be difficult. Paper wallets can be good for it or hardware wallet?

The title of the thread is "Bitcoin offline wallet suggestion".
The OP states "[...] I want to know about any bitcoin offline wallet [...]"

And you link to a topic called "Best altcoin wallet" in the altcoin section including a list of all kinds of wallets for altcoins ?

Posts like this are a prime example for the use of a demerit button.

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@OP
There are multiple kinds of offline storage options. It all depends on what exactly you want or need.
They all differentiate in usability, cost, security and maintenance.

The most relevant options are

• Paper Wallets
• Hot-/Cold Storage Setups with 2 devices
• Hardware Wallets (kind of cold wallet; but not completely)

If you could describe your actual use-case a bit more closely, we would be able to give you better suggestions meeting your criteria.

There are many offline wallets that you can use, but always be careful when choosing the left one because there are still many offline wallets that is not trustable because of being prone of some attacks by the hackers, or those wallets that are not really secured. Always do a well research when trying some offline wallet or even online wallet because research and having knowledge is the best things you will have to secure your money.

If you want a list of good and trusted offline wallet you may visit this thread: https://bitcointalksearch.org/topic/m.54366883

Paper wallets are good but they will depend on us No matter which wallet we use whether offline or online, no one can hack our wallet if the wallet's private key is protected. If anyone knows the private key, there will be no benefit in using the offline wallet and it will be stolen. In addition to paper wallets hardware wallets are better than offline wallets.

If you're asking this question, you probably don't fully understand how cold storage works, so here's a link to a good guide about it: https://electrum.readthedocs.io/en/latest/coldstorage.html

You can do this with any wallet that allows you to sign raw transactions, input and export transactions as files, and preferably allows you to create QR-codes of signed transactions, so you can just scan them with a phone and broadcast using a mobile wallet like Android Electrum.

Theoretically this setup can be pwned by some very sophisticated malware, but so far there was no reports of such malware in the wild.

What you need is paper wallet, this is the only offline and most secured wallet I know, no internet connections, all you need to safe guard is the private key or Mnemonic seed of the offline wallet

Having an "offline wallet" but then you're planning on connecting the device to the internet pretty much defeats the purpose of an offline wallet.

But seriously though, depending on how literate or non-literate you are in terms of computers, if you want a wallet that's secure enough but you're still planning on making transactions, go with a reputable hardware wallet. With a hardware wallet, your funds won't get hacked even if you connect the hw wallet on a virus-infected computer because the private keys don't leave the device enclosure. Purely offline wallets are pretty much just used for long-term holding.

Or.. don't use any website to create a paper wallet and therefore reduce the amount of attack vectors by a not marginal number.

Creating a paper wallet offline without any website/javascript is not as hard as people may think.

Just boot a live linux distro on an offline computer, use the inbuilt openssl library and the inbuilt RNG to generate a private-/public keypair and the address. That's it.
If you insist on using a master seed or mnemonic code as a paper wallet, that's a few more steps, but still easily manageable.
I really don't get the trend of using websites to create a paper wallet. This is so much more riskier (e.g. JS library buggy, JS code buggy, malicious code, ... ).

Ok, this might not be a "offline" wallet in every sense of the word, but it is a safe cold storage and it is "offline". Go to this site : https://www.bitaddress.org and create some paper wallets. Make sure you do this with the network cable unplugged and no wifi access to the computer. The site has a script that can be run, whilst you are not connected to the Internet.

Here is a step by step manual to create relative safe paper wallets with this site --> https://99bitcoins.com/bitcoin-wallet/paper/

The process to get access to those coins and to use them again, is a bit cumbersome ....but your coins will be relatively safe if you use the above method. Keep small amounts in these wallets, because nothing is 100% safe and also make several copies and store it in different locations. 

Bitcoin core is one of the wallets they develop and honestly it is not fully developed by satoshi there are many developers who contribute to building the wallet.

If you want to use a wallet offline there are many options but if you want to stay using Bitcoin-qt well, there is a guide that you can follow how to make a simple offline wallet with Bitcoin core. You can follow it from the Bitcoin wiki below.

- https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet

The safest wallet to date is the Hardware wallet that is designed with the best security and can be used while Offline or online.
The most important thing is your vigilance to maintain the security of the wallet.
whatever wallet you have if you are not vigilant then the wallet can be hacked easily. All systems are not perfect, all have their own weaknesses.

What is very important is the Private Key which must be protected and stored in a safe place, not affordable by online, only you know.

Well in my opinion hardware wallet are the safest as they are offline untill you bring them online. If you are looking for sotware wallet then download either Exodus or Atomic desktop wallet and keep them offline.

I have been using the Atomic wallet on my desktop computer for HODLing my crypto assets. I donot use my desktop quite often as I am more on my laptop or tablet.

If you plan to use any of the above desktop wallets then remember to always upgrade them to the latest version whenever you are online.

We do not even know certainly if Satoshi still owns any Bitcoin, if any of the old high-balance BTC addresses were/are his .. or if he's even alive anymore. but the best guess would be that Satoshi has used Bitcoin Core.

There are lots of options out there and your question is very nice in my opinion. Well done for looking for wallets without any third parties involved!

My personal suggestions are: Electrum for PC, Mycelium/Electrum for Mobile or, the best one of all, Hardware Wallets (I personally have a Ledger).

There is no safe wallet out there if you do not use them the right way though. Although hardware wallets made me feel the safest, they aren't if you do not take care of the basic but crucial steps such as paying attention to the transaction details, making sure the shown address is correct etc.

By "offline" usage I believe you are talking about airgapping a computer/phone in order to complete transactions on it completely offline. Again, this is NOT a no-risk zone. Don't you think that by airgapping a PC you'd be 100% safe!

If you would like to use an airgapped PC, you could go for Electrum. Here is a very quick tutorial on how to set up your Electrum wallet for this matter.

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If you are quite new to Bitcoin, which I assume you are, I highly recommend you to first transfer $5-10 to the wallet and test all wallet functions out to avoid large losses. Once you get used to the wallet, go ahead and store your little pieces of the Crypto King in it. One more friendly advice: don't give anyone your master seed/mnemonic phrase/private key(s) and better triple-check an address or the details of a transaction than be sorry. You might waste a minute on checking if the transaction details are correct, but maybe you're going to prevent the loss of significant amounts.

I meant is there any offline wallet which was built by Satoshi Nakamoto. In addition to it where Satoshi has stored his bitcoins? In an offline wallet? If yes then which one?

Chances are very low if you are not connected to the internet because you're not capable of downloading a fake app that can contain malware or trick you which might steal your info or you'll be asked to fill up any sort of form/login form including your private key. The usual hack that I've read is the wrong, fake, and scam websites or apps that have been downloaded.

It's still a matter of how you will keep your private keys with the wallet you have chosen while not being connected to the internet.

While it is not likely any and all wallets are hackable.

It would be incredible to do it. But generate a correct private key import to your wallet and the address is accessible .

No one has conclusively done this on a cost offline wallet and shown proof they did. But it could happen one day.

I don't know what you mean by "includes no third party", but this might be what you are looking for: https://bitcoin.org/en/wallets/desktop/windows/armory/

I believe that other wallets have offline modes, but I don't which ones -- maybe Electrum?

Hello. I want to know about any bitcoin offline wallet which includes no third party. And can that wallet be hacked if I don't input any kind of malicious file or connect the device to Internet?