How do you secure your bitcoins? - page 3.

bakkang

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Quote from: CoinChaos on October 18, 2017, 10:13:35 AM

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

For me in securing my bitcoin i would rather choose those wallet where everyone trusted. A wallet that there is no record about scamming and hacking. These are the factor in considering that a wallet is really secured.

mustakforum

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Quote from: CoinChaos on October 18, 2017, 10:13:35 AM

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

if you store bitcoin or altcoin you have to keep it in your wallet, so no one knows it.

Creating N Action

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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.

Welsh

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Quote from: warrior333 on October 24, 2017, 01:57:33 PM

Now there are new viruses that do not crack passwords. Was a virus Petya today I read that there is a new virus Bad Rabit. They encrypt your data and for decoding extort money. It makes a risky way of storing your coins offline on the computer. It seems to me that the safest way is e-wallets. Only we must not forget about their own safety.

I'm not sure what you mean by e- wallets, something like Trezor I assume? Trezor isn't any safer than cold storage. Trezor also requires an investment whilst cold storage is free to use. Offline wallets are safe if you follow the directions correctly. There's no way any hacker can access the private key as long as you follow the instructions correctly.

Trezor is decent for people who are neglecting security and do not want to go through the process of securing their wallet themselves and just want "plug and play"

aryaadikariyansyahsuwarto

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if you want to securely store bitcoins, make sure your private key is also placed in a safe place, and do not let anyone else your private key, and also you have to be careful on the link that is not to you, do not just click this link, so your wallet account got hacked for doing that

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Quote from: CoinChaos on October 18, 2017, 10:13:35 AM

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

There are so many ways of securing bitcoins,in my own i just put it up in my coins.ph wallet . I know that my btc would secured and no one could scam on my accounts because of their two ways password & strict compliance of sign up account.

aardvark15

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Quote from: CoinChaos on October 18, 2017, 10:13:35 AM

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

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.

White Christmas

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Quote from: CoinChaos on October 18, 2017, 10:13:35 AM

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

I secure my bitcoin by using different trusted wallet and by keeping its key. Because that key is the only thing that I can used to recover it whenever theres a problem on it. Yes its also good to convert it into fiat currency because you have full assurance here for your money. If wont be affected of the volatility of bitcoin. For me these two was the best thing to do for the safetiness of my bitcoin.

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Quote from: keeee on October 24, 2017, 05:12:21 PM

Quote from: riaruhs09 on October 18, 2017, 01:29:26 PM

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.

Yes it is the best way to do to secure your bitcoin so that it wont be affected on the change in value every seconds. Beside from it you can also secure your bitcoin in different trusted wallet that can hold bitcoin. Be careful on the wallet that you are going to used because some wallet arr scammas like what all people are saying. Also make sure that you have of copies of your password or key password for the safetiness of your bitcoin there.

I did opposite from that, I decided to keep my money in bitcoins, not in my bank account, bitcoins will worth
more in the future and I can make some good profit on top of my invested money, in the bank I am on the same.
My choice is Electrum wallet. There is many others, the best I saw are Trezor and Ledger, nice wallets but
I still do not have so big amounts to pay for an extra protection. I made a research before I chose Electrum,
online wallets like Blockchain, Xapo and couple others are decent to keep there some little amounts, and to
use this wallets for daily use. If you wish to have a lot of bitcoins, pay for extra protection and buy some
good Ledger wallet.

keeee

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Quote from: riaruhs09 on October 18, 2017, 01:29:26 PM

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.

Yes it is the best way to do to secure your bitcoin so that it wont be affected on the change in value every seconds. Beside from it you can also secure your bitcoin in different trusted wallet that can hold bitcoin. Be careful on the wallet that you are going to used because some wallet arr scammas like what all people are saying. Also make sure that you have of copies of your password or key password for the safetiness of your bitcoin there.

yrreg ger

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Quote from: warrior333 on October 24, 2017, 01:57:33 PM

Now there are new viruses that do not crack passwords. Was a virus Petya today I read that there is a new virus Bad Rabit. They encrypt your data and for decoding extort money. It makes a risky way of storing your coins offline on the computer. It seems to me that the safest way is e-wallets. Only we must not forget about their own safety.

Now that the price of bitcoin has reached another peak price, hackers will be more eager to find a way to steal money. The security of our wallets is our main concern. Aside from the security of our wallets which we are unsure, we can also apply a strategy of our own. For example is not storing all of our bitcoins in a single wallet, wallets that has high amount if bitcoin aren the most attractive wallets for them.

Earning bitcoin is fun, exciting and useful but of course we have to consider that there are people like hackers who would not care about your hardship in saving that money.

warrior333

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Now there are new viruses that do not crack passwords. Was a virus Petya today I read that there is a new virus Bad Rabit. They encrypt your data and for decoding extort money. It makes a risky way of storing your coins offline on the computer. It seems to me that the safest way is e-wallets. Only we must not forget about their own safety.

S A KHAIR

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paper and hardware wallets are very strong
The security system of these wallets are too strong. The authority gives one of the best security systems in the world. So it's quiet impossible to hack a bitcoin id. We also have some duties to secure our bitcoin id. We should put a good password in our bitcoin id. We should store the password in a secured place. It's impossible to hack a bitcoin id without password. So we have to be aware about it.

krayzie32

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I think you should store bitcoin in cold wallet and altcoin in hot wallet. Because bitcoin needs a long time to go up, and altcoin, otherwise, just needs a short time. Wink

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Quote from: chickenado on October 22, 2017, 05:49:38 PM

Quote from: megynacuna on October 22, 2017, 05:21:21 PM

Quote from: one_world on October 22, 2017, 04:28:32 PM

Quote from: pat4cryptoreal on October 18, 2017, 05:46:02 PM

No matter where you store your bitcoin you still need to be extremely careful in order to avoid being hacked. make sure you do not log into your wallet in a public computer or another persons mobile phone. Use google authenticator to ensure notification before any one can gain access to your wallet.

This exactly. It's always a good idea to log out of your devices after every use, and set up a two step authentication process for logging in. Most apps should provide this.

Most importantly keep your private keys away from everyone and have them either stored on a flash drive or on a piece of paper and then hide them from the world. If you can cram them in your mind too the better so that nobody apart from you will be able to access your wallets.

Well,in my case I secure my bitcoin through cashing out all my money from my wallets and then it's already a fiat so I can now deposit it in the banks and the rest I put it in a safe because no one can touch it instead of me nor open it. We don't even know what will happen in the internet connection so I prefer withdrawing because I would be glad if I already hold my cash in cold. I think many of you here also doing the same thing. This is the best method I think in securing bitcoins.

It seems to me that such tactics are little support. Most users keep their bitcoins in their wallets and hope that they will rise in price. What is the meaning to translate them into Fiat? I think it is better to store in electronic wallet with 2 factor authentication. I have never had a problem with it.

CoinChaos

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This has been a great discussion on security of bitcoins. I am now more educated on the subject and thank everyone for the contributions. One thing I feel is very important is not to discuss exactly how and or where you store your coins. This must remain secret. Good discussion everyone. Thank you.

1Referee

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Quote from: crazycatwoman03 on October 22, 2017, 04:36:49 PM

Using a hardware wallet is highly recommended because it gives high security to the coins. Ever since I started here, I use online wallet but when there is a problem in that certain wallet I was force to use a hardware wallet. It was recommended to me by a friend. Also, I do not keep all of my bitcoins in a single wallet to avoid hackers who might be spoofing and looking for victims.

Have you actually read what I wrote? Using more than one wallet doesn't necessarily result in better overall security. Even if you use hundreds of wallets, if there is an open spot in your system (security wise), then all your wallets are at risk. If you already have a hardware wallet, because that's the impression you seem to give me, then why don't you store all your coins in there? If it's a Nano Ledger S for example, which is nowadays the best value hardware wallet to go for, you're already enjoying the highest level of security. Everything you do happens on the device itself, which means that you don't input any very precious/sensitive information on your PC or laptop. Out of interest, what hardware wallet do you use (in case you do)?

chickenado

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Quote from: megynacuna on October 22, 2017, 05:21:21 PM

Quote from: one_world on October 22, 2017, 04:28:32 PM

Quote from: pat4cryptoreal on October 18, 2017, 05:46:02 PM

No matter where you store your bitcoin you still need to be extremely careful in order to avoid being hacked. make sure you do not log into your wallet in a public computer or another persons mobile phone. Use google authenticator to ensure notification before any one can gain access to your wallet.

This exactly. It's always a good idea to log out of your devices after every use, and set up a two step authentication process for logging in. Most apps should provide this.

Most importantly keep your private keys away from everyone and have them either stored on a flash drive or on a piece of paper and then hide them from the world. If you can cram them in your mind too the better so that nobody apart from you will be able to access your wallets.

Well,in my case I secure my bitcoin through cashing out all my money from my wallets and then it's already a fiat so I can now deposit it in the banks and the rest I put it in a safe because no one can touch it instead of me nor open it. We don't even know what will happen in the internet connection so I prefer withdrawing because I would be glad if I already hold my cash in cold. I think many of you here also doing the same thing. This is the best method I think in securing bitcoins.

dExplorer

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Besides from your wallet do some cash out and save it in a trusted bank that will be totally secured in case you lose your private key then you still have money in the bank.a

megynacuna

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Quote from: one_world on October 22, 2017, 04:28:32 PM

Quote from: pat4cryptoreal on October 18, 2017, 05:46:02 PM

No matter where you store your bitcoin you still need to be extremely careful in order to avoid being hacked. make sure you do not log into your wallet in a public computer or another persons mobile phone. Use google authenticator to ensure notification before any one can gain access to your wallet.

This exactly. It's always a good idea to log out of your devices after every use, and set up a two step authentication process for logging in. Most apps should provide this.

Most importantly keep your private keys away from everyone and have them either stored on a flash drive or on a piece of paper and then hide them from the world. If you can cram them in your mind too the better so that nobody apart from you will be able to access your wallets.

Topic: How do you secure your bitcoins? - page 3. (Read 1691 times)