I'm still using an online wallet, a non-custodial wallet but never did I put a huge amount in there. Because the most concern about an online wallet is the possibility to target by hackers. I'd never experienced this thing but much better to anticipate it rather than to say sorry.
It was really secure when using offline wallets OP, you've been hearing the suggestions above. Never think about how much it is but rather consider the safeguard of your assets especially if you are holding a lot of BTC.
Topic: Can anyone recommend me a safe place to store my bitcoins? - page 2. (Read 473 times)
Is it safe to store in online wallets now?
Of course not, now you may use an online wallet but only to store a few dollars worth of bitcoin in the case you want to buy something while you are outside your home, however the same can be done with a wallet installed on your smartphone with the advantage you are the only one that knows your seed words, look if you do not know how to secure your coins and you do not want to go through the trouble or learning how to do it then just get a hardware wallet, you only need a minimal amount of information to secure your coins properly if you use one, however the disadvantage is you will need to spend some money, but I think they are worth every cent as the security they provide is many times better than what a regular user can achieve on their own.
A hardware wallet is definitely the most safe way to go. People have recommended the two most widely used options above...Trezor and Ledger. So those would be the "safest options", provided that you follow all the recommended practices, keep a backup properly etc.
The other way that I recommend, which is frankly mostly because of the convenience (I don't have a huge amount of BTC, if you do, you should probably try a hardware wallet and even better would be to not put all your eggs in one basket, so separate stuff and keep in various wallets...trust me the investment is worth it if you own a considerable amount in BTC), is using Electrum. Its open source, and as long as you know what you're doing - everything's safe and in your hands. Its also very conveniently accessible, that helps.
The other way that I recommend, which is frankly mostly because of the convenience (I don't have a huge amount of BTC, if you do, you should probably try a hardware wallet and even better would be to not put all your eggs in one basket, so separate stuff and keep in various wallets...trust me the investment is worth it if you own a considerable amount in BTC), is using Electrum. Its open source, and as long as you know what you're doing - everything's safe and in your hands. Its also very conveniently accessible, that helps.
Seems you got many suggestions here regarding the safest wallet. So you may pick from there now. I am using Ledger at the moment and sometimes use Electrum for small funds. But really I feel secure with Ledger. More important to secure your funds is how are securing your seed phrase. If you can't save your seed phrase and get compromised then even Ledger won't able to secure your funds. To learn more about cryptocurrency and how scammers trying to scam us.
I had a bad experience because I store bitcoin in a wallet that has a private key, because the data is stored on a PC and often online, my PC is exposed to a malicious program so that I lost assets worth more than $2000. and this makes me prefer to store assets in top exchanges that I previously completed KYC and enabled all security features.
Once you know that bitcoin is a valuable asset then you should really realize that storing PK on the PC that you use everyday for browsing will certainly be very risky, especially if you have bad activities while browsing. You'll be safe with electrum if you know how to store it safely, so you shouldn't keep it on an exchange because it's not safe storage even if it has a good reputation right now.Note that Binance and some of the top exchange have been hacked before, so you are not completely safe just relying on the reputation of the exchange. Instead of keeping it on an exchange then I suggest you electrum if hardware wallets are really expensive for you.
Can anyone recommend me a safe place to store my bitcoins?
For sure a hardware wallet are the one that the most safe as nobody will ever have an access into your bitcoin unless they have the hardware itself.
Ledger Nano S for sure. With the introduction of ledger live, where you could have trades as well, and the way it could be connected to metamask or anything like that, we are talking about serious power there. It is both quite secure and it will not be stolen or hacked, but it will also make sure that you are connecting to the world very safely as well.
However, you should be aware of the fact that most of the "stolen" money is via scams and not hacks. It means that there will be some projects you will want to spend money on, and in the end we are talking about getting fooled by people and investing money into things you shouldn't and lose it all.
However, you should be aware of the fact that most of the "stolen" money is via scams and not hacks. It means that there will be some projects you will want to spend money on, and in the end we are talking about getting fooled by people and investing money into things you shouldn't and lose it all.
I had a bad experience because I store bitcoin in a wallet that has a private key, because the data is stored on a PC and often online, my PC is exposed to a malicious program so that I lost assets worth more than $2000. and this makes me prefer to store assets in top exchanges that I previously completed KYC and enabled all security features.
The safest place where you can store your bitcoins in there is definitely in your personal wallet, for some people the leave-in having a hardware wallet and storing bitcoins in some hardware wallet such as Trezor is properly the safest place where you can store your bitcoins but other than this since you will have to spend some money buy a wallet if you want you to have a safe wallet without of spending a penny just store your bitcoins in some personal wallet where you can have access to your private keys and recovery seeds.
Exactly. If people only have hardware wallets, once stolen they will be very difficult to recover them. So just a personal wallet works wonders
Is it safe to store in online wallets now?
It never will be safe. Only use online wallets for your daily spending balance(if you actually frequently spend bitcoin). Think of your hardware wallet as your bank account, while your online wallet is your physical wallet for your pocket cash.
If you want to store your funds with the most security then just go for a hardware wallet.Here your Bitcoin Will be the most secured.If you want to store in online then you can choose electrum wallet. But I will suggest to go for the hardware wallet.
Can anyone recommend me a safe place to store my bitcoins?
I suggest you take a look at the following protocol
https://glacierprotocol.org/
because it explains step by step how to create an ultra-secure wallet and all the possible risks you may encounter in the creation or storage phases.
In general, here it is up to you and your current situation to determine which could be the most effective tool for storing your coins / private keys ...
The safest place where you can store your bitcoins in there is definitely in your personal wallet, for some people the leave-in having a hardware wallet and storing bitcoins in some hardware wallet such as Trezor is properly the safest place where you can store your bitcoins but other than this since you will have to spend some money buy a wallet if you want you to have a safe wallet without of spending a penny just store your bitcoins in some personal wallet where you can have access to your private keys and recovery seeds.
Can anyone recommend me a safe place to store my bitcoins?
Free method.Download Electrum, create a multi sig address. At least 2/3. Google and search how to create a multi sig address. Keep the seed details for every cosigner in separate and safe places. Delete the wallet. You can always restore the wallet using the seeds. A multi sig wallet is safer than a regular wallet since you chances of exposing all seeds are lesser than the seed words of a regular wallet.
Paid and easier method.
Buy a hardware wallet.
Can anyone recommend me a safe place to store my bitcoins?
You may need to start with understanding that any wallet you get, it will not hold your coins; the coins will never leave the network/blockchain.
A wallet's main job is to help you sign transactions, the only way to spend coins.
So what you have to safely hold is the keys or wallet seed. Not bitcoins.
This is important because it doesn't matter you lose your wallet, as long as you kept the seed safely.
And this is important because no matter how safe your wallet is; if somebody else got the seed (if you didn't store it right) he will steal your coins without touching your wallet.
Now, to the question: since you lack the knowledge, I also recommend you spend some money and get a hardware wallet. I also recommend you take extra care and:
* generate a new seed after you receive the hardware wallet
* verify the seed (reset the hardware wallet and check if you get the same addresses)
* make offline backups of the seed and keep them safely in different locations, far from each other.
Can anyone recommend me a safe place to store my bitcoins?
Rule number one is that you don't store bitcoin in any centralized exchanges, and use some open source non-custodial wallets.If you don't want to spend money purchasing hardware wallets like Trezor, than use some old offline computer laptop, or old smartphone with Electrum wallet.
Can anyone recommend me a safe place to store my bitcoins?
Everybody here mentioned hardware wallets and I second that, but you mentioned you want to store your bitcoins, as in plural, and maybe with that, you could look into having multiple wallets to spread out the coins. I would say that would offer much more security from technical failures, losing your wallet, and if by any chance something does happen to it, at least not everything is lost. I would definitely look into that if I was handling more bitcoins.
Hardware wallet as others has said. Trezor/Ledger is the most famous go-to's afaik, just make sure that you still ensure secure practices when storing your hardware wallets. Just because it's a hardware wallet doesn't mean that there's no way for people to still steal it. Paper wallets would be a cheaper type option of hardware wallets. There's also the option of using wallets like Electrum or Metamask but that would be an option if you can't or don't want to use hardware wallets. Lastly, just stay away from any type of custodial wallet.
Can anyone recommend me a safe place to store my bitcoins?
You can try using hardware wallets such as Trezor to keep your accounts safe from hacking. Just make sure to buy from a legitimate store so that you will be assured that your device isn't tampered. I've seen cases that people bought from an unreputable reseller and then end up getting his account's asset all transferred to an unknown receiver in a snap. While it is safe to store accounts in a hardware wallet, we still have to make sure that it is clean from all sorts of tactics.
You can also try Electrum which I also use to store my btc. For the years I've been using this, I haven't experience any trouble such as phishing or scamming. But still be wary because sometimes it's human error which brings unfrotunate events. Do not ever share your password and seedphrase to anyone. Even if you trust a friend so much, just don't. For additional security and assurance, you can also write down your seedphrase and password to a private notebook and store it in a safe place such as vault to avoid losing it which could result to being not able to open your account in the future.
Can anyone recommend me a safe place to store my bitcoins?
The majority are recommending a hardware wallet...Well, I guess you already have the answer OP. But the question is if you buy hardware that is worth enough to store the amount of your Bitcoin? What I mean is that, if you have 5 BTC at least, probably you need it but if you only have 1BTC, I suggest using online wallets like electrum wallet.
For the many years that I've used Electrum wallet, never I experience being hacked, I think it was a safe wallet and it was free. Well, of course, security also matters in how you manage your keys.
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