How do you secure your bitcoins? - page 4.

crazycatwoman03

sr. member

Activity: 588

Merit: 250

Quote from: 1Referee on October 22, 2017, 03:44:09 PM

Quote from: Vladv26 on October 22, 2017, 03:32:03 PM

Also spread all your bitcoins in multiple adresses and wallets with different private keys because hackers are not going to target wallets with low amount of bitcoins.

Multiple wallets won't necessarily result in better overall security. If you make sure that your coins are properly stored, preferably in a hardware wallet, then nothing will happen. As long as you take care of your recovery/mnemonic seed(s), you'll always be able to access your coins, even if your hardware wallet corrupts/breaks. And why do you think hackers won't target 'low' amounts of Bitcoins? As long as it isn't dust, then it will be more than worthwhile for them. Don't forget that when wallet files aren't secured, it cost no effort to access the private keys stored inside.

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.

ihsanskanzaone

full member

Activity: 182

Merit: 100

How do you secure your bitcoin?
I secure my bitcoin by increasing the quality of my bitcoin wallet account password so it's harder to know, opening my bitcoin account only on my privately owned devices because it could be if we open in the cafe or elsewhere belonging to someone else they could have wore a tapper keyboard so they can have my account, often change the password of the account to further improve security, install password on android and my laptop so that not everyone can use android and my laptop and the last is use android and laptop that support fingerprint scan so that only your hand that can open your computer and can also use a good computer operating system and hold the hacker and virus for example linux.
so my advice if there is less please add. thank you

one_world

newbie

Activity: 61

Merit: 0

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.

Frank0209

sr. member

Activity: 322

Merit: 250

I've used Coinbase web wallet before but for now I only use Electrum cause I can keep my own privatekey which I can't when I used web wallet. Beside with Electrum I also can control the amount I wanna pay for transaction fee and with web wallet I can't do that. But it's a little bit inconvinient when I go outside without my laptop and I want to make any transaction when I use Electrum but it's ok for me

) Maybe I'll try to keep little amount in web wallet in order to make transaction when I go out without laptop Cheesy

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: zeaderza on October 19, 2017, 11:56:36 PM

Quote from: Pleione527 on October 19, 2017, 12:50:59 AM

I am one of those who do not trust on-line wallets, I am afraid that if I kept my bitcoin there chances are someone can steal it from me or maybe I might forgot my passwords that's why I always convert my bitcoin into cash. Some are using 2 way authentication others are using paper wallets. it depends on you on where do you prefer the security of your bitcoin.

I think it is very hard. No one exactly knows how to strongly secure his bitcoin wallet, but I want to tell one thing that security should not be the problem of bitcoin holders it all about the coinbase or blockchain controllers to make sure that their security system is unbreakable and your bitcoin is in safe hands. Therefore I think people should not be panic about the security of their bitcoin wallets.

There are lots of option on which people can freely choose up on what wallet would suit them best on where they can able to see that it would be secure out our bitcoin or other coin holdings.Storing it on hardware wallets is really somehow much safer for me compared on those web wallet no matter how you say about the security been imposed by the site you dont still have the possesion of your keys which means once they ran off then you cant really retrieve your bitcoins unlike if you do have the keys you can access it anytime as long you do have the keys.

mysacrifice

full member

Activity: 364

Merit: 104

I think the most secure solution is to keep everything in a hardware wallet and that should be hidden very well, safe box or something like that. like a huge piece of gold.

jimn

sr. member

Activity: 360

Merit: 250

I am using Electrum wallet which give me the access to my private keys, so I have the possibility to recover my wallet even if lost access to the wallet for some reason. Any wallet giving you access to the private keys is generally safe and secured

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Vladv26 on October 22, 2017, 03:32:03 PM

Also spread all your bitcoins in multiple adresses and wallets with different private keys because hackers are not going to target wallets with low amount of bitcoins.

Multiple wallets won't necessarily result in better overall security. If you make sure that your coins are properly stored, preferably in a hardware wallet, then nothing will happen. As long as you take care of your recovery/mnemonic seed(s), you'll always be able to access your coins, even if your hardware wallet corrupts/breaks. And why do you think hackers won't target 'low' amounts of Bitcoins? As long as it isn't dust, then it will be more than worthwhile for them. Don't forget that when wallet files aren't secured, it cost no effort to access the private keys stored inside.

h4yfans

full member

Activity: 210

Merit: 100

Long password and 2FA. Size matters

Vladv26

full member

Activity: 326

Merit: 103

OrangeFren.com

Keep your bitcoin in a paper wallet or an offline hardware wallet. Also spread all your bitcoins in multiple adresses and wallets with different private keys because hackers are not going to target wallets with low amount of bitcoins. They are looking for something big that worth the waste of time. Be very careful what website you acces and what programs you install on your computer and mobile phone. Even the best secure app can be dangerous in a hackers hand

kimpena

full member

Activity: 250

Merit: 105

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 am just using mobile wallets, this is the most efficient wallet i can have. I have a laptop, but I do not prefer using desktop wallet cause I do not bring with me my laptop always, unlike my phone, which is ome of the things I cannot go without. Its secure for me, cause I am the only one who knows the password.

BitcoinCommodor

full member

Activity: 504

Merit: 106

Quote from: FrankNoland on October 19, 2017, 01:24:06 AM

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 think that desktop wallets such as armory and electrum are also secure, if you are looking for an alternative expect for hardware wallets, consider using desktop wallets. I am currently using an online wallets but I am thinking of installing armory on my desktop for extra security.

Security is the main issue for all the bitcoin holders, the service providers are trying to give their account holders the most strongest security system in the world but the hackers are also trying to reach and break their security system to hack the accounts of the customers. I think we can do nothing for the security of our bitcoin wallets. I will just suggest not investing all the money you have.

zeaderza

hero member

Activity: 896

Merit: 502

Quote from: Pleione527 on October 19, 2017, 12:50:59 AM

I am one of those who do not trust on-line wallets, I am afraid that if I kept my bitcoin there chances are someone can steal it from me or maybe I might forgot my passwords that's why I always convert my bitcoin into cash. Some are using 2 way authentication others are using paper wallets. it depends on you on where do you prefer the security of your bitcoin.

I think it is very hard. No one exactly knows how to strongly secure his bitcoin wallet, but I want to tell one thing that security should not be the problem of bitcoin holders it all about the coinbase or blockchain controllers to make sure that their security system is unbreakable and your bitcoin is in safe hands. Therefore I think people should not be panic about the security of their bitcoin wallets.

LTU_btc

legendary

Activity: 3234

Merit: 1375

Slava Ukraini!

Quote from: CoinChaos on October 18, 2017, 05:44:13 PM

Quote from: LTU_btc on October 18, 2017, 05:30:33 PM

Well, I'm not doing anything special to secure my btc. I keep mostly of my btc in offline wallet, which never been connected to online, desktop or mobile wallet. And offcourse, I'm trying to keep my private keys safely. I have saved it in several places to be guaranteed that if my device will crash, I wouldn't not loose all my btc.
Hodling btc in hardware wallet is a good idea. And on hardware wallet you can keep as many btc as you have or want to keep. Hardware, same like all other wallets doesn't have limit of btc allowed to keep.

How do you get the bitcoins transferred without compromising the offline wallet? Do you create a new offline wallet and transfer all your coins-x. X being the amount you are sending to another wallet(maybe a hot wallet). Even then you are compromised in the time you are making the transfer because your wallet that was cold is hot for a moment when you make this transfer. Huh

I'm not using btc from my offline wallet. I'm just hodling it safely. If I would need these btc, I would have to compromise offline wallet - import private keys to one of the desktop or online wallet. I have Electrum wallet for my daily needs, offcourse, I don't keep very big amount btc here, some btc also stored in online wallet.

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: Johj on October 19, 2017, 02:52:04 PM

I keep my bitcoin on an exchange, but that is mostly because I only use BTC to buy alts. I'm a horrible person, I know.

I think most of the people are doing the same. I have accounts in different exchange and usually I use to keep my bitcoin in exchanges for different purpose. I am sure that with the passage of time the security of bitcoin will be increasing more and more.

Johj

member

Activity: 176

Merit: 12

I keep my bitcoin on an exchange, but that is mostly because I only use BTC to buy alts. I'm a horrible person, I know.

djselery

legendary

Activity: 1386

Merit: 1001

I am not using online wallets nor saving my BTC in exchangers. I use a wallet giving me access to my private keys, and I keep my exported private keys safely in paper . So even if I lose access to my wallet I can easily import my wallet again. This is the safest method to secure our bitcoins.
There is many wallets giving you access to your private keys, like desktop wallets, hardware wallets or paper wallets.

MetalGear

sr. member

Activity: 714

Merit: 250

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 many ways to secure your wallet. I suggest to put 2fa your wallet to make it totally secure and do not ever share your password and private key to anyond and put it in safe place. In addition to that, try use hardware because it help you to keep your bitcoin safe and secure.

Nisharawal

member

Activity: 336

Merit: 11

I am no stable coin. to the mooonn.. and back

For securing the bitcoins Paper wallets are ok to use if you are a user with minimum transactions , but for high safety and more number of transactions purposes i always recommend people to use HARDWARE WALLET which i do also use personally. Hardware wallets are gaining massive response and the top three hardware wallets that are highly secure are TREZOR, LEDGER NANO S, and KEEP KEY.

I personally use and recommend TREZORfor bitcoins which is the best and cost you around $99. While you are talking about Ledger Nano S, it is also a great one and its a must to use if you are a multicoin user. Ledger Nano S do not store bitcoins they store the private keys to transfer the ownership and currently i cant guess the number of bitcoins but yes,
it almost store infinite number of transactions

natsu_koo

member

Activity: 186

Merit: 10

There are lots of bitcoin wallets but we are not pretty sure if our bitcoin will be safe there, if you find a wallet which you think is capable of securing your bitcoins, here are the two things you musnt do:
1. never let anyone knows your wallet password ( the most common tho. )
2. never log in your bitcoin wallet to any other devices such as computer or an android phone when your not the owner of any of the devices.

Back to me on how i secure my bitcoins, well i only use a wallet which is very popular in my country, the wallet that can guarantee the safety of my bitcoin and also easy to use wallet. Sometimes i also withdraw a little amount of my bitcoin in exchange of fiat money and put it in my bank account. These are my ways of securing my bitcoin or should i say my money. Wink

Topic: How do you secure your bitcoins? - page 4. (Read 1691 times)