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Topic: How do you secure your bitcoins? - page 2. (Read 1691 times)

full member
Activity: 406
Merit: 117
October 25, 2017, 09:17:54 PM
The best way to secure your bitcoin wallet is the paper wallet is many wallet, but the main bitcoin wallet is the paper wallet because of it is an identical secure way to storing bitcoins, and I keep my paper wallet anywhere in my house that I know that is safe and nobody notice that is bitcoin paper wallet.
full member
Activity: 228
Merit: 101
October 25, 2017, 09:12:37 PM
The only thing I know to secure my bitcoins is through the hardware wallet, paper wallet, and online wallet here only I know to secure my bitcoin and keep passwords and do not let the unknown and should read in their posts and do not trust the person who offers the account to see people first and we should be careful because when your accounts are hacked and only our difficulties are wasted.

Hardware wallet is the best one to secure your bitcoin, you could assure yourself that your bitcoin is in the safe place unlike if you are going to store it on those web wallets out there which are too vulnerable for me to the hackers, just a little trick and if they got your private key, then you are finished, all of your bitcoin, gone, in an instant.
member
Activity: 72
Merit: 10
October 25, 2017, 09:10:58 PM
To me I'm sure my bitcoins are in online wallets and Hardware wallets because of this I know that my bitcoins are more secure and do not wipe out and my passwords in accounts should not be spoken to strangers because so many now scammers who offer big money but they have hacked your accounts. And we should safeguard our accounts because our only oppression is only to be hacked.
hero member
Activity: 899
Merit: 1002
October 25, 2017, 09:02:55 PM
Sign transaction offline.
Move txn to online system.
Broadcast it.

That's what I've been doing for years or if it's small amounts Google Authenticator 2FA, just avoid all SMS/phone number 2FA schemes, that is easy to fake and how businesses get their domains hijacked routinely when some guy spoofs their SMS recovery and logs into their gmail, then changes their domain (or in OP's case, steals all the coins).
legendary
Activity: 1372
Merit: 1008
October 25, 2017, 08:54:33 PM
I think for securing, one should keep them in bitcoins wallet.  And should keep these precautions in mind. That
Be careful with online services.Small amounts for everyday uses. ...Backup your wallet. ...Encrypt your wallet. ...Offline wallet for savings. ...Keep your software up to date. Multi-signature to protect against theft. And for securing bitcoin one should follow these things.  Because bitcoin stored in bitcoins wallet.
why should it be so complicated dude? in fact I only use online wallet for 4 years and I never experienced bitcoin theft. the key is just one. add sms verify authentication to your account before login and make sure that you have different password between email password and wallet account password. I used that trick (very simple) and I never experienced bitcoin theft
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 25, 2017, 08:23:51 PM
Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos
the best solution in my opinion is that your wallet it must be hide well, the example of the box crisp.


this is too secure  Grin but this is a good idea so only us that will know where is the wallet if the wallet is a hardware wallet. i think he can feel safe when he using few paper wallet and he can safe it into the safest place like you said. but i am prefer with the ledger nano or trezor. i think if he have more than 3 btc, he can save it into the ledger and if he want, he can wait for the ledger blue.
full member
Activity: 658
Merit: 100
October 25, 2017, 08:17:09 PM
the best of your wallet security is to use google authenticator, so it is not arbitrary people can start your bitcoin wallet
legendary
Activity: 1526
Merit: 1001
October 25, 2017, 08:14:20 PM
I think the best and safest way of storing bitcoin that we have is to store it in a wallet that has a private key. Private key is the main gateway to access our wallet so that when we have a private key and make sure no one else knows our private key then we can make sure our wallet account is safe. Oh yes there is one more to note, offline wallet is one option, if you want to store bitcoin very safely then the offline wallet and private key is the safest. One of them is you can use wallet offline electrum. I am very confident that you will like and use it very well.
sr. member
Activity: 574
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
October 25, 2017, 08:13:31 PM
Managing or securing wallets is one of the skills you need to have in this kind of industry. You need to secure your wallet by hiding its private key. You should have a wallet that have private keys.
sr. member
Activity: 308
Merit: 250
October 25, 2017, 08:08:29 PM
Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos
the best solution in my opinion is that your wallet it must be hide well, the example of the box crisp.
legendary
Activity: 988
Merit: 1000
October 25, 2017, 07:33:54 PM
I think for securing, one should keep them in bitcoins wallet.  And should keep these precautions in mind. That
Be careful with online services.Small amounts for everyday uses. ...Backup your wallet. ...Encrypt your wallet. ...Offline wallet for savings. ...Keep your software up to date. Multi-signature to protect against theft. And for securing bitcoin one should follow these things.  Because bitcoin stored in bitcoins wallet.
full member
Activity: 392
Merit: 101
October 25, 2017, 07:13:48 PM
Best solution is to buy trezor or ledger nano s and cold storage all your Bitcoins, if that is too costly for you then buy an android device, setup a wallet, take the backup of private keys and all then shut it off. Send all your bitcoins and hold.
A good opinion and I agree with your opinion.
How to pick up bitcoin we do have to buy trezor or ledger nano s and cold storage and also a wallet setup to secure bitcoin.
legendary
Activity: 2926
Merit: 1386
October 25, 2017, 07:05:54 PM
....
I use paper wallets only to ensure security. I store hard copies of the private keys in several secure locations so I won’t lose them. I don’t trust online wallets, my computer hard drive, or exchanges.

I also avoid keeping that information on disks or thumb drives because data can get erased or corrupted. The best place to keep the private keys is in a safe deposit box and in a safe or fire safe. Don’t let anyone have access to it.

This.

Note that CD roms better archival storage than thumbdrives and disks.



sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
October 25, 2017, 07:00:09 PM
#99
The only thing I know to secure my bitcoins is through the hardware wallet, paper wallet, and online wallet here only I know to secure my bitcoin and keep passwords and do not let the unknown and should read in their posts and do not trust the person who offers the account to see people first and we should be careful because when your accounts are hacked and only our difficulties are wasted.
member
Activity: 112
Merit: 10
October 25, 2017, 02:47:13 PM
#98
In my point of view, using more than one bitcoin wallet and changing the wallet address on a regular basis could be a good way of security. There are hundreds of wallets out there on the internet , waiting to secure our bitcoins, one can easily use some of them, and changing the wallet address from time to time is a great way of security
hero member
Activity: 2590
Merit: 644
October 25, 2017, 02:22:35 AM
#97
I store my bitcoin on bittrex. Although it is not a safe way to save my coin, I have to do that in order to trade bitcoin into other coin or USDT. When news comes out, the price of bitcoin will be dumped or bumped very hard. I need to act quickly in order to earn some extra money from the news. Therefore, keeping money on bittrex will help me to earn extra income whenever there is a big news to bitcoin. Before I use bittrex, Electrum was my number one choice because it is fast and useful
If you really want to put your money in an exchange then you need to make sure that you are just putting the amount of bitcoin that you afford to lose because when something goes wrong then you will not regret a lot and you can still move forward with the incident. If you have for example, 3 bitcoins then you can store at least 1 bitcoin in bittex and the other remaining which is 2 will be deposited into electrum for safe storage.
hero member
Activity: 1204
Merit: 545
October 25, 2017, 12:59:30 AM
#96
I store my bitcoin on bittrex. Although it is not a safe way to save my coin, I have to do that in order to trade bitcoin into other coin or USDT. When news comes out, the price of bitcoin will be dumped or bumped very hard. I need to act quickly in order to earn some extra money from the news. Therefore, keeping money on bittrex will help me to earn extra income whenever there is a big news to bitcoin. Before I use bittrex, Electrum was my number one choice because it is fast and useful
full member
Activity: 658
Merit: 106
October 24, 2017, 09:44:20 PM
#95
I also feel confused about it, but maybe for me the most important way to save it is to convert it into fiat and save it in a savings account at the bank.
That's a good one if you want to secure your money, but your money in the bank don't grow, why not try using Hardware wallet example Ledger or Trezor to secure and also your bitcoin value is geting higher.

There is no way to keep absolute safety bitcoin everything is at risk. You can store it in the hard drive which is the safest way for your bitcoin.
Yes i agree with you, everything is at risk. And like what you said Hard wallet is the safest and secure i've already know.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
October 24, 2017, 08:52:38 PM
#94
By saving in my wallet in my smartphone and it is also secured with private keys. It is the best way to save and invest money came from bitcoin by the way you also easily get cash out your money from your wallet. And we able to rid in the hand of hackers against to our wallet. Wallet is very important to us by working in bitcoin to see how much our savings.

Just be careful saving your private keys in your smartphones. What will happened if you lost your phone or have been stolen? or you accidentally reset it? I've seen thread happening this scenario to them so be careful as well. Paper wallet or hardware wallet is good for long term holding. Core and Electrum for daily purposed use like doing trading, receiving signature campaign payments and other daily transaction needs.
full member
Activity: 202
Merit: 100
October 24, 2017, 08:51:55 PM
#93
There is no way to keep absolute safety bitcoin everything is at risk. You can store it in the hard drive which is the safest way for your bitcoin.
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