Topic: Can I store my Bitcoin in My computer ? - page 2. (Read 2392 times)

Yes exactly. But most of the answers here show that most of them are clueless about how Bitcoin works or maybe they do not care. Read the answers right after my post. None of them care. They just say yes and tell you to download a piece of software so that you can "hold" Bitcoins in your computer.

Yes you can, you can use electrum wallet. If you dont want to use electrum you need to download huge blockchain. More simple way is using paperwallet or brain wallet to store your btc.

Of course,You can surely store your Bitcoins on your computer using different types of bitcoin wallets.A Bitcoin Paper Wallet is a easier way of storing your Bitcoin savings offline.Electrum may be the most popular desktop wallet which built for speed and convenience.It's holding funds in a Bitcoin paper wallet surely safe.There hardware wallet could be the best choice if you like to costs the cheapest amount of bitcoin that ensure better security like an online bank account.

This mean you can access your bitcoin  thru your computer directly with the use of software like bitcoin core wallet, or other light wallet like electrum, multibitHD etc.  And you can have the wallet  that contain the private key and public key to that address in the blockchain.  You can also back up those access keys and be able to transfer the control from one computer to another computer.
So logically you cannot store your bitcoin in your computer but can gain access and control to it thru desktop applications.


https://en.bitcoin.it/wiki/Private_key

of course you can store your bitcoin in your computer as many member said and give many software and hardware recommendation and what you need is just to install the software or buy the hardware.

installing linux pc is one solution to prevent our computer from virus or another attacker, after that you can install bitcoin software wallet which is electrum or anything else.

although there is no safe place to keep our bitcoin with hardware or without hardware, at least we have trying to prevent and minimalize the attacker that trying to stolen our bitcoin.

I made a quick glance in the thread. I want to say that technically you are not really storing Bitcoin locally in your computer. It is all right there in the blockchain. But you do control the "coins" you have by having or knowing the private key to unlock them. Cloudcoin is a closer and a more appropriate name for Bitcoin if you study at it well.

Yes, you can store your coins in an offline wallet which we call a cold wallet.
I only this offline wallet " Cold wallet " which is multibit , It's safe and no need to trust 3rd party offline wallet.

Yes with a qt wallet. Bitcoin started with the wallet and chain then online chains with wallets you can use with. so we dont have to download the entire chain. Its just about saving size and making ot faster and easier.

Yes you can store bitcoin in your computer

You can download the electrum wallet in your computer or laptop because electrum wallet is much more safe and secure and no one can hack your bitcoin from this wallet and electrum wallet in our control.

That is not correct. Hardware wallets are malware proof. Because you do the transactions within the chip for example in HW.1 hardware wallet and you have a security card which matches lowercase letters with different symbols, uppercase letters with different symbols and numbers with different symbols. The only user who have this security card which comes with your wallet know the combinations. So the hardware wallet is malware proof.

The only way it can get hacked, is if the user has it's PC infected with keyloggers and does more than 10.000 thousands transaction so the keylogger can get the combinations of the security card.

To avoid this, just use this HW.1 hardware wallet in a Linux PC, if you are a noob in Linux, use Linux Mint as a second OS in your free hard disk space.

You can store your Bitcoins on your computer using hardware wallet but I.don't know how clever that is. If your computer get infected with some virus or similar your coins will be endangered too.
There is no wallet with absolute protection so to avoid th complete damage I would split the coins in multiple wallets, icluding online, hardware and others.

Electrum is the best free choice to do it. Make sure you know you install it in a clean PC otherwise if your PC has malware or keyloggers then even electrum can't help much.

I would recommend you to buy a cheap hardware wallet , the cheapest one costs 0.02 btc and it has better security than an online bank account.

Please read this thread at the link below as it is the best investment anyone can do for himself, if he wants to be a true bitcoiner. If you want my opinion don't listen that much to people who say stick to desktop wallet as you don't have to pay anything. I prefer peace of mind in the end that's why I use a hardware wallet like Ledger, no regrets , have it since September and have kept all of my btc in there without any problem.
The thread below can help you make the best decision in your life if you are serious about bitcoin and believe in it to the max extent, like I do.

https://bitcointalksearch.org/topic/best-hardware-wallet-1678765

Electrum is a well known SPV client like as multibit and is open source too. Thanks to devs that means is free and anyone can use it without pay a penny except some small donations. It's not a service where someone pays every month or annually. But if you are willing to pay electrum can work in cooperation with trustedcoin. In their first page they say that the fee for every transaction is 0.0005 btc https://api.trustedcoin.com/#/electrum-help . In reality many people, I am one of them, are using it every day without security problems if they have common sense and follow some security measures. Moreover, there is a very active community https://bitcointalk.org/index.php?board=98.0 willing to reply in your answers. Imho if you want more security than is offered from electrum go with HD wallets trezor, ledger, keepkey etc.

Hello, search Electrum wallet, that can help you.

I readed replies. Most of the members recommending Electrum as the good desktop app for storing Bitcoin in our computer. I would like to know its security options. Can I enable 2 Step OTP protection ? I mean OTP code recieving in our mobile when open app  and sending money. Please reply ...

Yes, ofcourse. You can store your bitcoin in computer using a cold storage wallet. That is also using my friend here in the community the cold storage cause it has a most secure wallets but by the way , you should back up your account to recover your wallet in computer if the computer is corrupt the system.

You can indeed have a wallet on your own computer.  In fact, I recommend it.  

I know others have already recommended quite a few, but I just wanted to add a few details in, if I may.  

First, there are wallets like the aforementioned Bitcoin-QT and Armory* that download the entire blockchain to your hard drive.  These are nice in that you don't depend on a third-party's copy of the blockchain.  Currently, though, this is for the most part just a small boon since everyone's copies of the blockchain should be the same (or if they aren't, the dissimilar ones won't be able to make official transactions and will be ignored by the network).
_{*The original Armory is still working but hasn't been updated recently.  Someone else picked up ("forked") the project, here: https://github.com/goatpig/BitcoinArmory}  

Next, there are light wallets, which store your private keys on your computer, but use a third-party's blockchain.  Electrum is the only one of these wallets I know of, but there are likely others out there.  What's nice about these is that you don't have any large downloads or need a lot of disk space.  Transactions are still safe, too, as your private key is never sent over the network during the process.

Storage wise, you CAN have your client on a USB stick or external hard drive, but do be careful; if you have your private key stored on the drive and then something happens to it (lost/stolen/filesystem corruption, etc...), there will be no way to retrieve your bitcoins.  It is strongly suggested that no matter what you do, your wallet.dat file should at least be backed up to two different drives.

Ganjamancer

Of course you can. I would say desktop wallets are relatively better than online wallets.

However, it all depends on the state of the computer that you re using to store it. Things can easily go wrong if a there is malicious attack on your computer. Therefore, you do need a good antivirus to store Bitcoin on your desktop.

The answer is, Yes! I use Electrum as my local bitcoin wallet and it works pretty good.