Topic: How to Save Bitcoins for Future (Read 301 times)

When I read a lot about storage wallets, everything comes with risks. But the least risk is using a hardware wallet. Although I haven't tried, in general many use it. Hardware wallets that are rarely connected to the internet will feel safer. So also make sure your computer is safe enough from viruses that can copy your data.

Electrum one of the best storage wallets today. Many people have used it, they also continue to develop security features. Maybe if you use electrum maybe you have to record the password and seed then delete your application from your laptop or phone. If you need, maybe you can install it from the original source of the application and then you delete it again.

Actually Hardware wallet are the most secure wallet for storing bitcoin. Here for those of us who feel various problems (such as money problem) to buy the desired wallet, this Electrum wallet is definitely very important. There are many people who hold Bitcoin as an investment but in an unsecured wallet. To all those people here OP has very nicely given all the information to create electrum wallet you can see from here open electrum wallet and store your bitcoins there. I think your Electrum wallet will be as safe as hardware wallet. So we will not use insecure wallets from now on. We will use this electrum wallet for free within our means.

More easy buy a ledger?

The best way to store bitcoin in a secure way is storing the coins in a hard wallet. But OP is talking about free and best way of storing bitcoin with electrum. I think a majority number of people use elecrtrum wallet, because it is free and easy to use.

Most newbies don't invest large amounts in bitcoin so it is not ideal for them to invest in a hard wallet, the best free option to store or save bitcoin is Electrum.

If you really want to save for your future better to invest in your security, some of the software we are using have a malware that causes a possible steal of asset, so make sure you have a secure device first, if you don't have a budget yet for the hardware wallet get electrum which really comes from their platform itself. @op you can include where to download their sources.


If you can now have a budget ideal to get your own Trezor wallet and Ledger you can use those hardware wallets and connect to your electrum too. Exchange is use only to change your coins into other coins and not serve as a wallet, you don't have a full access to your funds. Better to become safe than sorry.

I don't know why another member didn't compare this post if saving and keeping the crypto on exchange is not safe and dangerous. We already know, the exchange is a third party where we don't own the private key, which means we don't own our treasure. Exchange, even if the company who have spent millions of dollar money, but we don't know next, we are of corse aware and understand what happened in other exchanges like MTgox, FTX and the latest one is Hotbit.

I definitely wouldn't dare to save in exchange for 1 satoshi even if that exchange has spent multi-trillion dollars.

That even better to lose it by myself in a safebox than lost stolen by Google, Apple, or other clouds.

You have to root your phone to know the wallet file, but I won't be recommended it if you are not familiar with that.

It depends on you, I have a friend who has a hardware wallet stolen in his drawer. My method above is free, you don't need to spend the money to buy a hardware wallet.

This is very informative mostly for a newbie like me still trying to figure out how to buy some coins and keep for sometime before I can figure out how to trade or invest in other crypto related service that would earn me profit.

For someone who is only making use of a mobile device for now, will it be safe to still download and use Electrum wallet on the mobile, seeing that there is no other device except on an OTG flash where I can save this wallet?

I also think that unless one is having a lot of coins before it should be necessary to use this kind of offline wallet, because it is not worth the stress of saving just little coins that may be used anytime.

I guess this is best for you but not for the rest persons especially  like myself because I don't see any reason why I should put myself through any of this processes  that aren't even safe and also consumes time and energy and also money  and I can simply download a decentralized wallet and since I can't take a screenshot, I have to use another phone to snap  and just send the picture straight to my icloud and googledrive because that space its always very preferable especially  for the ease to own one wallet.
Remember  that disasters especially  in cases of fire, flood, war and even earth quakes can't be easily predicted and at such I think your method is obsolete and I don't even feel safe using a hardware wallet despite its cost

Just buy them on any CEX you find easy to use and let it be there. Kraken is the most trusted and followed by Coinbase.
Instead of being a nerd, creating your own wallets and risking it to various malicious attacks, I would just simply trust the companies who are spending millions on security.

I actually agreed with you, is a less favorite or major target for hackers, as such makes the Linux more secured but still You are however responsible for securing and backing up your wallet. Linux also use Tor as a proxy to prevent attackers or Internet service providers from associating your payments with your IP address.

It does not mean Microsoft steals your keys. You can be cautious with Windows OS but if an operating system itselfs can not protect your security or privacy if you don't use your device carefully with any OS.

Linux is open source that is good reason to use it.

Linux is a less favorite target of hackers, less than Windows so you will have less risk from hackers on Linux. However again, Linux can not protect you and your device security will depend on you and your computer usage.

Same thing that I used to advice all windows OS users, this OS is not the best for running crypto wallets, you want to keep your keys off any centralized platforms and Microsoft is another centralized company, it's wrong.

If keeping recovery seed on OS is your thing, there are Linux OS that are fully tested and trusted and they are also open source unlike windows OS, Linux OS is more recommendable for this need than windows OS.

Even viruses and malware aside, the fact that Windows is a huge privacy nightmare OS to start with automatically makes it a huge no-no. You're not only fearing the hackers, but even Microsoft themselves.

This method suggested by mk4 is way safer than using the window OS.  Lots of hack and malware infection happen in windows environment and rarely I have heard linux being infected by malware.  Aside from that, it is also important to make sure the environment or OS system we are using in creating the wallet and private key extraction is clear of possible trojan viruses and other malware that can sniff our private key.  So  a fresh install OS is way better than using the OS that is exposed to a lot of sites.   Who knows that system is unknowingly infected by some hidden new malware that cannot be detected by AV and Internet securities.

Make sure that gadget is free from any malware or virus so that you're sure that it won't be controlled and gone. And that's gonna take for a long time for you to connect it again to the web and that's when probably you're about to sell then. If this is too much for you to handle and you've got no laptop or the same device or gadget then the best thing to do is to buy a new hardware wallet, and because of some things happening with Ledger, choose Trezor.

The reason you create the bootable drive is for security purposes because Windows is pretty much spyware. You only use the bootable drive temporarily to generate the wallet securely, not necessarily to use it.

How to Install Tails OS on USB flash drive for Wallet Purpose

The problem is that Trezor is not reliable either, as it has long had a bug whereby someone with access to the USB stick could extract the seeds. There are other options, but they don't have as much of a track record, with Passport being a good option, but it's a lot more expensive than a Trezor One or a Ledger Nano, although these should be ruled out,

I don't know where the virus came from if my laptop never connected to the internet?

I just make sure both my laptop is very clean, I am the type of insecure person who never believes before all safe, and because I'm very careful, I am very brave to run the wallet offline and online.

And thanks for adding 4 basic points, I hope the beginner read that also and increase their confidence to believe that Bitcoin is one save instrument asset.

because I am not regularly using the wallet, I just keep it for a long investment (just plan to open it again for the next 10 years), so in that situation, I don't need the bootable Linux. I just hear that OS like tails are always updated regularly, so rather than update all the time, better for me to just keep that seed on the paper.

how lucky me never installed a wallet on my phone, I don't know what the purpose install wallet in phone?, because I don't regularly use the wallet, I just keep bitcoin for long investment. I want to be rich, I won't to sell my bitcoins.


Thanks for the link,

I create the thread just as a reminder because I read too many threads asking how to save in Bitcoin.

I know how lazy the beginner come here, they are lazy to read and search old thread about safety and security. because of that I begin with this.

And, I hear that ledger has a problem also, I see on social media a lot of users throw away and ruin their ledger wallet. maybe this thread could be a solution even is not so perfect, I hope after they read this looking for a way to make it perfect, especially for long investments. If want to use it regularly, better to buy Trezor or an open-source wallet.

For regular users better to activate persistent storage, because the data will be saved there.


Thanks for sharing the important link.

I think let me just share a few other alternative resources as it concerns electrum wallet apart from what OP has put down.
Electrum wallet for beginners and advanced users (by BitCryptex) https://bitcointalksearch.org/topic/tutorial-how-to-use-electrum-for-beginners-3456040

Safely download Electrum (by DireWolfM14) https://bitcointalksearch.org/topic/guide-how-to-safely-download-and-verify-electrum-guide-5240594

How to create a watch-only Electrum wallet (by butka) https://bitcointalksearch.org/topic/guide-how-to-create-a-watch-only-wallet-for-electrum-4573616

Import legacy private key in Electrum for beginners (by 1miau) https://bitcointalksearch.org/topic/how-to-add-a-bitcoin-address-to-electrum-difference-sweep-and-import-priv-key-5096376