Topic: How to safely store bitcoins? (Read 1958 times)
Put them on a HD, remove the HD, bury the HD-
The safest way to store bitcoins is using "cold storage" -- storing them on a type of media that does not connect to the internet. So, a CDR, flash drive, paper wallet, USB, etc. Here is some good information:
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
I do not think i will have it done any other way than cold storage.
-open browser
-go to bitaddress.org
-go to File > Save as.. save page as html
-copy file into USB stick and transfer to OFFLINE PC/Laptop (preferably, one which has never been connected to the internet i.e. fresh OS install of Linux)
(the following is all done OFFLINE)
-Open the html file
-Create wallet
-Print
-Transfer funds to wallet via PUBLIC address
-enjoy your cold storage wallet
-go to bitaddress.org
-go to File > Save as.. save page as html
-copy file into USB stick and transfer to OFFLINE PC/Laptop (preferably, one which has never been connected to the internet i.e. fresh OS install of Linux)
(the following is all done OFFLINE)
-Open the html file
-Create wallet
-Transfer funds to wallet via PUBLIC address
-enjoy your cold storage wallet
just be sure to make multiple back-ups of your wallets, preferably in multiple forms of media (e.g. paper wallet AND flash drive), and store them in *different* places. you wouldn't want all your back-ups in your house, and then your house burns down and..... poof. no more bitcoins for you. 
Are you saying that I can make a digital backup (.wallet file) AND and physical backup (paper wallet) of the same wallet?? If so, how do you do it?
Atm I'm inclined to make a multibit wallet, back up the wallet.dat file and the private keys to multiple USB-Sticks/SD-Cards and also send them my two best friends ...
I don't really wanna use a paper wallet only, as I'm afraid that I'd lose them
Atm I'm inclined to make a multibit wallet, back up the wallet.dat file and the private keys to multiple USB-Sticks/SD-Cards and also send them my two best friends ...
I don't really wanna use a paper wallet only, as I'm afraid that I'd lose them
I don't really wanna use a paper wallet only, as I'm afraid that I'd lose them
Don't forget to encrypt the files before transferring them to USBs and your friends. You will never know when you will lost your USB or when your friends are in financial trouble.
im using cold storage paper wallet generated offline from bitcoincoldstash.com
looks nice for me
looks nice for me
just be sure to make multiple back-ups of your wallets, preferably in multiple forms of media (e.g. paper wallet AND flash drive), and store them in *different* places. you wouldn't want all your back-ups in your house, and then your house burns down and..... poof. no more bitcoins for you.
Are you saying that I can make a digital backup (.wallet file) AND and physical backup (paper wallet) of the same wallet?? If so, how do you do it?
Atm I'm inclined to make a multibit wallet, back up the wallet.dat file and the private keys to multiple USB-Sticks/SD-Cards and also send them my two best friends ...
I don't really wanna use a paper wallet only, as I'm afraid that I'd lose them
after getting my coins hacked once, i keep them on an offline computer.
This is a nice updated (12 May) article about storing bitcoins, it covers almost all the best choices to secure them:
http://www.coindesk.com/information/how-to-store-your-bitcoins/
http://www.coindesk.com/information/how-to-store-your-bitcoins/
Create a cold and hot wallet, place low amount in hot wallet, only transfer from cold wallet when you need it and put most of the BTC in the cold wallet.
-ranochigo
-ranochigo
i'm glad you asked this! i had never heard of cold storage before 
only paper wallet, its like safe deposit box
my tactic, make 3 copies of it, store in safest places only
thats it, im using only sites from signature for buying/storing btc
I use 1 btc per paper wallet and then photograph the private qr and post it on the interwebs.
Then I put them in the safety deposit box at the bank.
I have done this with about 100btc so far and am waiting for a rainy day or to give them to my grandkids in my will,
boy are they going to be surprised
LOL! fortunately for the person who posted that picture, from the looks of it, it seems the picture is too low of a resolution for anyone to actually scan the QR code.
next time, i would not rely on that, and simply not show the code for the private key! LOL.
http://bitcoinvanitygen.com/img/view.png
only paper wallet, its like safe deposit box
my tactic, make 3 copies of it, store in safest places only
thats it, im using only sites from signature for buying/storing btc
Uhm beware of posting your private qr your funds may get stolen it happen on TV already if i'm not mistaken. Someone just scanned the QR and violla!only paper wallet, its like safe deposit box
my tactic, make 3 copies of it, store in safest places only
thats it, im using only sites from signature for buying/storing btc
I use 1 btc per paper wallet and then photograph the private qr and post it on the interwebs.
Then I put them in the safety deposit box at the bank.
I have done this with about 100btc so far and am waiting for a rainy day or to give them to my grandkids in my will,
boy are they going to be surprised
Hey guys, I bought a few bitcoins lately and am now wondering what is the safest way to store them? Is it enough to store them on a multibit-wallet, with the private keys backed up on a few usb-sticks? Or should I use Armory or something? Or even a paper-wallet?
I just want to be ~99% sure not to lose my bitcoins, it's not much, but worth a lot to me
I just want to be ~99% sure not to lose my bitcoins, it's not much, but worth a lot to me
well... you should read for example this thread:
https://bitcointalksearch.org/topic/best-way-to-keep-my-bitcoins-safe-549603
you will find out what seems to be best for you.
Thanks for responds. It would be nice if someone could explain how to make offline wallet step by step and which offline wallet will be the best option.
Cheers
Cheers
Here is some info:
http://www.coindesk.com/information/paper-wallet-tutorial/
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
https://blockchain.info/wallet/paper-tutorial
https://bitcoinarmory.com/about/using-our-wallet/
only paper wallet, its like safe deposit box
my tactic, make 3 copies of it, store in safest places only
thats it, im using only sites from signature for buying/storing btc
just be sure to make multiple back-ups of your wallets, preferably in multiple forms of media (e.g. paper wallet AND flash drive), and store them in *different* places. you wouldn't want all your back-ups in your house, and then your house burns down and..... poof. no more bitcoins for you.
only paper wallet, its like safe deposit box
my tactic, make 3 copies of it, store in safest places only
thats it, im using only sites from signature for buying/storing btc
Can anyone tell me why should I buy bitcoins, have there any guarantee for future ? I am interested about Gambling Advertising Network.
of course there is no guarantee. but there is a finite supply and a very strong network supporting it, so it is likely bitcoin will be worth much more than it is now. i have no idea what the Gambling Advertising Network is....
There is also no guarantee that your fiat will have the same purchasing power in the future.
If you check his post history, you will find that he is promoting that "Gambling Advertising Network" in all of his posts.
https://bitcointalksearch.org/user/arif029-212160
Can anyone tell me why should I buy bitcoins, have there any guarantee for future ? I am interested about Gambling Advertising Network.
of course there is no guarantee. but there is a finite supply and a very strong network supporting it, so it is likely bitcoin will be worth much more than it is now. i have no idea what the Gambling Advertising Network is....
If you have a considerably amount of btc, i mean 5 or more, i would be considering using a paper wallet, electronic devices are not always safe..
here is an example of paper wallet
here is an example of paper wallet
Jump to: