How do you secure your bitcoins? - page 6.

DevilSlayer

sr. member

Activity: 1456

Merit: 359

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 believe that my bitcoins is safe because I store it in coins.ph and coinbase. Both of the bitcoin wallets that I said is really safe and has high security. I know that hackers can't hack that wallets.

kinzey

full member

Activity: 254

Merit: 100

Blockchain with solar energy

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 us. Me and my wife, we are using a hardware wallet. We transfer bitcoin to online wallets if we need it for something and put back in the hardware wallet for storing. It may be tedious work but for us it is safer for us.

Phyton76

sr. member

Activity: 504

Merit: 268

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 through coins.ph.Coins ph is an online money wallet in where you can store your money and let your money grow through making transactions.In coins.ph your bitcoin can grow without you working so hard.

XIANNE25

newbie

Activity: 177

Merit: 0

I wish I can have a nano ledger in the future coz it's very safe to use..now I have different wallets downloaded apps but too risky once the acct is being hacked..all assets will disappear in a single blink

SmartMesh

newbie

Activity: 31

Merit: 0

you should find some website that it can be trusted. Also when you do the transaction you should always be careful.

mostkey

sr. member

Activity: 742

Merit: 253

Quote from: hynext on October 18, 2017, 06:14:36 PM

Nothing is impossible to be hack if we are using internet. I suggest you can use hardware wallet to be more secured.

and it's true that hardware wallets will be safer than online wallets, but there's another safe place, like if we keep bitcoins in a well-known exchange, because they'll be responsible for every bitcoin we have, even if the exchange is hit by their hack will definitely replace any losses we bear

Vendetta666

full member

Activity: 406

Merit: 100

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

What I do to keep my wallet secure is Blockchain Wallet. Here I hold my Private Key and it can not be opened anymore because there is one thing I need to do to verify it in my email when someone opens it to another IP address, And for that they have to steal what they need to know my email password and my private key. You've made it really hard to do it

dhka

full member

Activity: 266

Merit: 101

The Experience Layer of the Decentralized Internet

I keep my personal identification in my email and have 2FA active for it
Atleast I will know if someone's trying to access my account

Ewox

sr. member

Activity: 812

Merit: 253

Quote from: ?? on ??

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

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

Yes this is correct and true, the safest way to store your bitcoin would be in an offline hardware wallet like ledger, though I'm not sure if there is a certain limit of how much bitcoin you can store on those but that is the most safest way. And yes be very vigilant and careful of these hackers, which are targeting traders with huge amount of coins stored in their wallets.

949miner

sr. member

Activity: 448

Merit: 250

Stake & Vote or Become a IoTeX Delegate!

Currently I try to protect my bitcoins by so many ways, during last weeks I used to have an online wallet but two days ago I bought a trezor's one, because many of my friends had suggested me to use one of these to store my bitcoins because it is one of the most easiest ways to protect bitcoins. But having an online wallet is not bad as there are some of them that are very safe, like coinbase or blokchain's wallet

Gagarin6801

member

Activity: 76

Merit: 10

Quote from: etraderhart on October 18, 2017, 01:14:51 PM

First, you need to understand the different types of wallet. There are a variety, but here are the important ones.

Before that, you need to answer these questions: will you be trading often? Will you be using a mobile device or a PC?
It's important to know what your purpose of storing is. If you plan to just save your coins, then a cold wallet would be suggested, but if you're going to use it to do regular transactions, then a hot wallet is what you should use.

1. Bitcoin Clients
These were the pioneers of Bitcoin storages. BitcoinQt, for example was the very first wallet to be created, and was used by 'Satoshi Nakamoto' hmself.

2. Desktop wallets.
These are downloadable softwares that allows you to store Bitcoins. Very easy to access and use even when you're not connected to the internet.

3. Mobile wallets.
Basically this wallets are used to ease transactions. Security will vary in the type of service you avail from the storage provider.

4. Online wallets.
These are companies that provide storage and security in exchange for a commission when doing transactions. Most online wallets provide exchange services, as well.

5. Hardware wallets.
These are portable devices whose main purpose is to store and/or trade bitcoins.

Thank you good answeet for beginner .please exemple of good online wallet

Mazda17

full member

Activity: 392

Merit: 101

Quote from: ibrohim on October 18, 2017, 06:13:15 PM

there are many ways to secure wallet but the professional security of wallet usually is not free, we have to pay for it. for example cold storage, it is offline wallet that provides you the highest security saving, or you can buy a ledger nano or a trezor.

A good opinion and I like your opinion.
Actually to secure a bitcoin is not necessary to bother because the business world bitcoi already provides wallets for storage or storage bitcoin itself is provided a professional wallet, although not free, then have to pay and most important bitcoin we feel safe.

Qiuyue201

sr. member

Activity: 537

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

Ledger or Trezor should be the best choice for you. You can hold thousands of bitcoin in there as long as you can still try to keep your ledger still safe and never try to do a big fault that has made your trezor or ledger will be broken. Rather than the paper wallet and it seems the hardware wallet quite interesting for me.

hynext

full member

Activity: 350

Merit: 105

Nothing is impossible to be hack if we are using internet. I suggest you can use hardware wallet to be more secured.

ibrohim

member

Activity: 81

Merit: 10

there are many ways to secure wallet but the professional security of wallet usually is not free, we have to pay for it. for example cold storage, it is offline wallet that provides you the highest security saving, or you can buy a ledger nano or a trezor.

Feri577

sr. member

Activity: 277

Merit: 250

I have not done anything special to secure my BTC I have saved most BTC trumpets that are not connected to my wallet online.destop or mobile trying to keep my private key safely. to keep it in some places to be guaranteed that someday my device is no interruption I will not lose my bitcoin.

ubeng07

full member

Activity: 364

Merit: 100

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.

Yes exactly what ever or whenever you store your bitcoin the secure of it is in your hand the security of it might be with the owner on how he secure her coin on how he make a lot of security of this coin.

Bolt Brownie

sr. member

Activity: 700

Merit: 350

Betting Championship betking.io/sports-leaderboard

Right now I'm using a normal wallet, Electrum in my case, but I think you are heading the right way. Buying a ledger nano or a trezor are the best options for sure. Not saying Electrum is a bad wallet, but there is always the risk of malware and keyloggers on your PC, so the seed or PK could be at risk. With those hard wallets, you should be completely safe. I need to buy one myself.

pat4cryptoreal

full member

Activity: 630

Merit: 102

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.

CoinChaos

newbie

Activity: 40

Merit: 0

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

Topic: How do you secure your bitcoins? - page 6. (Read 1691 times)