How should I secure my bitcoins? - page 2.

lixer

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Quote from: ibrahim11 on November 10, 2015, 11:07:37 AM

Quote from: Parazyd on November 10, 2015, 06:48:22 AM

Quote from: Sturgeon on November 10, 2015, 01:38:35 AM

Quote from: Decoded on November 09, 2015, 04:59:39 AM

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it

better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

One would create a paper wallet or something and put it in the bank vault, like a safe deposit box.

My ledger HW.1 has been dispatched and will arrive this week. I was watching a tutorial on youtube and one of the founders of ledger has 900BTC! Shocked

900 bitcoins must be very big money. It's only possible to earn this much via providing any services related to bitcoin. I believe they must have earned that much money from selling Hardware wallet itself.

ibrahim11

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Quote from: Parazyd on November 10, 2015, 06:48:22 AM

Quote from: Sturgeon on November 10, 2015, 01:38:35 AM

Quote from: Decoded on November 09, 2015, 04:59:39 AM

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it

better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

One would create a paper wallet or something and put it in the bank vault, like a safe deposit box.

My ledger HW.1 has been dispatched and will arrive this week. I was watching a tutorial on youtube and one of the founders of ledger has 900BTC! Shocked

Parazyd

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Quote from: Sturgeon on November 10, 2015, 01:38:35 AM

Quote from: Decoded on November 09, 2015, 04:59:39 AM

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it

better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

One would create a paper wallet or something and put it in the bank vault, like a safe deposit box.

Sturgeon

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Activity: 392

Merit: 250

ドラゴンスピ

Quote from: Decoded on November 09, 2015, 04:59:39 AM

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it

better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

ranochigo

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Quote from: BitMaxz on November 09, 2015, 10:33:13 AM

You can try this simple steps to secure your bitcoins.
First download and install any virtual box like VM ware after installation install OS on vm ware or virtual box.
after that install anti virus Licensed avg or ESET and then install wallet electrum for lite version. now you have a clean os with anti virus and electrum
. now install vpn like hotspot shield that can connect your wallet anonimously and it can prevent your cookies to be monitor.
now open your internet on vm ware or connect it to transfer all your funds into electrum. Remember activate vpn before make a moves in electrum sync server, password or anything else.
Now your funds in electrum is now safe. You can use it send and recieve transaction just dont forget to activate your anti virus and vpn to prevent monitoring cookies...

Some malware can steal information from your VM. Antiviruses aren't foolproof and you don't need it at all if you install the wallet on a clean computer. VPN services can potentially monitor your traffic and currently, it is safer to do your wallet without the VPN. SSL is secure enough to encrypt all the traffic. Connecting your device to internet is a redundant process. You don't need internet to spend your coins on electrum.

BitMaxz

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Playbet.io - Crypto Casino and Sportsbook

You can try this simple steps to secure your bitcoins.
First download and install any virtual box like VM ware after installation install OS on vm ware or virtual box.
after that install anti virus Licensed avg or ESET and then install wallet electrum for lite version. now you have a clean os with anti virus and electrum
. now install vpn like hotspot shield that can connect your wallet anonimously and it can prevent your cookies to be monitor.
now open your internet on vm ware or connect it to transfer all your funds into electrum. Remember activate vpn before make a moves in electrum sync server, password or anything else.
Now your funds in electrum is now safe. You can use it send and recieve transaction just dont forget to activate your anti virus and vpn to prevent monitoring cookies...

Feri22

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Encrypted paper wallet

ibrahim11

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Quote from: omahapoker on November 09, 2015, 05:55:28 AM

Quote from: ibrahim11 on November 08, 2015, 04:56:04 PM

I really want to buy a ledger wallet though. The HW.1 is only 18 euros

Aren't they good?

Yeah I own a ledger wallet, and its enough for me. I didnt pair it with my smartphone though, I just use the card.
For its price it does its job good.

Alternative but more expensive, Trezor!

I bought the ledger hw.1 this morning and it has been shipped. Thanks for the help guys!

devil11

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You can try blockchain.info wallet. Trustable and safe

moneyflow

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Quote from: maku on November 09, 2015, 05:47:40 AM

Quote from: Decoded on November 09, 2015, 04:59:39 AM

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

If you don't trust yourself then it means bitcoin is not for you in the first place. Bitcoin is created for people who can mange their own money and are not afraid of it.
You better stick to the FIAT and banks if you have trust issues.

Use a wallet key and store it on an external (offline) drive or USB. That way you dont have to worry about hackers stealing your pass key.

ronaldo40

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during this time I was quite safe never hacked or lost. just use blockchain.info and security use google authenticator (2FA) and its use is very easy

ranochigo

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Quote from: kwaasteniet on November 09, 2015, 05:53:08 AM

Use an old laptop that is normally not connected to the internet. and place linux on it and save there your bitcoins on a lightweight wallet like Multibit and make a backup on a USBstick.

IMO, armory or electrum would be a better choice. They do allow cold storage spending without being directly connected to the internet. Thus making your wallet 100% offline. Electrum would be a better choice imo, the HD wallets doesn't require frequent backups. I see no downside with Windows or Linux if it's offline too.

omahapoker

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Quote from: ibrahim11 on November 08, 2015, 04:56:04 PM

I really want to buy a ledger wallet though. The HW.1 is only 18 euros

Aren't they good?

Yeah I own a ledger wallet, and its enough for me. I didnt pair it with my smartphone though, I just use the card.
For its price it does its job good.

Alternative but more expensive, Trezor!

kwaasteniet

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Use an old laptop that is normally not connected to the internet. and place linux on it and save there your bitcoins on a lightweight wallet like Multibit and make a backup on a USBstick.

maku

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Quote from: Decoded on November 09, 2015, 04:59:39 AM

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

If you don't trust yourself then it means bitcoin is not for you in the first place. Bitcoin is created for people who can mange their own money and are not afraid of it.
You better stick to the FIAT and banks if you have trust issues.

Decoded

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give me your cryptos

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

ranochigo

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Quote from: Sturgeon on November 09, 2015, 03:37:54 AM

Quote from: ranochigo on November 09, 2015, 03:22:21 AM

Quote from: Parazyd on November 08, 2015, 04:33:40 PM

To be secure you should generate a new address and private key with vanitygen. Afterwards you can use a gpg key, or anything that comes to your mind. Here's a python scirpt used for BIP38 encryption: https://github.com/nomorecoin/python-bip38-testing

You can generate addresses with vanity gen but that is quite redundant. Download bitaddress.org to an offline computer and you can use it there. More entropys can be added by the mouse movements and hence is secure. Also, the paper wallets is IMO, quite fancy and you can use BIP38 on it too.

Quote from: Sturgeon on November 09, 2015, 03:03:44 AM

Quote from: ibrahim11 on November 08, 2015, 04:12:35 PM

Hi, I currently have 1200-1400USD worth of bitcoins (at current rate). Should I buy the ledger wallet or use coinbase vault. Can't coins stored in the vault be stolen by hackers? A trezor is too much for me atm. I spent most my money on the btc and need the rest for spare/contingency money Tongue

hacker can't stolen from vault
i prefered you to use xapo vault or you can use coinbase vault, i use it too, you can add phone verification (don't use authy or google athenticator)

or you can save at paperwallet

Technically, they can be stolen. The Bitcoins are all stored in a cold storage wallet, still having a slight possibility of getting hacked and the user will not have any access to it. It is insured however.

but vault is better than normal wallet for holding bitcoin,
if your email address stolen and your password also stolen vault can't release after 2days, so you can ceck your wallet everyday to sure your balance

What if you're on a vacation and have no internet access? Or what if you need it urgently?

That's not my point. Vaults are not controlled by you, they are controlled by whatever service you use. By storing it, you are giving them full control over it. If you violate their terms and conditions, they have the rights to confiscate it. Paper wallets or hardware wallets gives the user full control while having high security.

Sturgeon

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Quote from: ranochigo on November 09, 2015, 03:22:21 AM

Quote from: Parazyd on November 08, 2015, 04:33:40 PM

To be secure you should generate a new address and private key with vanitygen. Afterwards you can use a gpg key, or anything that comes to your mind. Here's a python scirpt used for BIP38 encryption: https://github.com/nomorecoin/python-bip38-testing

You can generate addresses with vanity gen but that is quite redundant. Download bitaddress.org to an offline computer and you can use it there. More entropys can be added by the mouse movements and hence is secure. Also, the paper wallets is IMO, quite fancy and you can use BIP38 on it too.

Quote from: Sturgeon on November 09, 2015, 03:03:44 AM

Quote from: ibrahim11 on November 08, 2015, 04:12:35 PM

Hi, I currently have 1200-1400USD worth of bitcoins (at current rate). Should I buy the ledger wallet or use coinbase vault. Can't coins stored in the vault be stolen by hackers? A trezor is too much for me atm. I spent most my money on the btc and need the rest for spare/contingency money Tongue

hacker can't stolen from vault
i prefered you to use xapo vault or you can use coinbase vault, i use it too, you can add phone verification (don't use authy or google athenticator)

or you can save at paperwallet

Technically, they can be stolen. The Bitcoins are all stored in a cold storage wallet, still having a slight possibility of getting hacked and the user will not have any access to it. It is insured however.

but vault is better than normal wallet for holding bitcoin,
if your email address stolen and your password also stolen vault can't release after 2days, so you can ceck your wallet everyday to sure your balance

ranochigo

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Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: Parazyd on November 08, 2015, 04:33:40 PM

To be secure you should generate a new address and private key with vanitygen. Afterwards you can use a gpg key, or anything that comes to your mind. Here's a python scirpt used for BIP38 encryption: https://github.com/nomorecoin/python-bip38-testing

You can generate addresses with vanity gen but that is quite redundant. Download bitaddress.org to an offline computer and you can use it there. More entropys can be added by the mouse movements and hence is secure. Also, the paper wallets is IMO, quite fancy and you can use BIP38 on it too.

Quote from: Sturgeon on November 09, 2015, 03:03:44 AM

Quote from: ibrahim11 on November 08, 2015, 04:12:35 PM

Hi, I currently have 1200-1400USD worth of bitcoins (at current rate). Should I buy the ledger wallet or use coinbase vault. Can't coins stored in the vault be stolen by hackers? A trezor is too much for me atm. I spent most my money on the btc and need the rest for spare/contingency money Tongue

hacker can't stolen from vault
i prefered you to use xapo vault or you can use coinbase vault, i use it too, you can add phone verification (don't use authy or google athenticator)

or you can save at paperwallet

Technically, they can be stolen. The Bitcoins are all stored in a cold storage wallet, still having a slight possibility of getting hacked and the user will not have any access to it. It is insured however.

Hazir

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You don't need any hardware wallet to be secure. You don't want to waste money on them. To be truly safe just use desktop wallet - Armory is your safest bet if you are concerned about security.
Keep your private key on offline machine or removable drives or disks and you will be safe.

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