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Topic: How to securely store your Bitcoin (Read 748 times)

member
Activity: 532
Merit: 13
May 24, 2021, 08:43:25 AM
#68
This is an interesting article for new beginners like you said and captured more importantly the basic things to know as a starter. I will surely share if I see anyone who needs the information.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
May 24, 2021, 06:29:14 AM
#67
First of f all to be extremely attentive before clicking some websites or services, do not keep your data, seeds and keys via email, online messenger or something like that. Do not hold all your assets in one and the only place, do not keep all assets on exchanges even in case they are trustworthy and so on and so on. Everything is really very simple.

The simplest hackers usually attack on the site they disguise as if it were a real site that we want or visit often, then they ask us to give us the key access to our wallet, and they will hack our wallet easily, this is a very simple technique but if not thoroughly very dangerous, I think this can be handled by booting the sites we visit frequently and important sites.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
May 24, 2021, 06:24:33 AM
#66
storing bitcoins safe today is from trezor or hardware wallets, they are safer than hackers, switching in such wallets, will not be easy to enter viruses. If you want to keep a Private key / Json / Mnemonic try to write it on paper . and store files on the flash drive for greater security.
full member
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
May 05, 2021, 11:20:08 AM
#65
Hi Everyone,

Since there will be a lot of new investors coming into the crypto space in the coming weeks. I wanted to make sure I publish an article about how to properly secure your Bitcoin.

I would appreciate it if you shared this article with anyone you know who is getting into cryptocurrency for the first time. We don't want anyone to lose their funds, so security should continue to be the number one priority for educating new investors.

What Is A Crypto Wallet? How To Securely Store Bitcoin

Let me know if you have any questions or comments on the article!

There are four types of wallates and you can store your bitcoin securely

 Hardware Wallets
 
 Software Wallets

 Cloud Wallets

 Paper Wallets
I choose paper to store bitcoin that was safer because it was offline paper and difficult to grab by others. in my opinion, storing bitcoin on laptop or android is not safe, it can be hacked by others.
sr. member
Activity: 1218
Merit: 279
May 05, 2021, 10:05:23 AM
#64
I think the safest method of storing your Bitcoin is through Cold Wallet (offline wallet). Because they are not connected to the Internet, it is very much less open to hacker. And have zero security risk. Also Keeping your private key privately, is very important because it protects your wallet from Bitcoin hackers, it literally Impossible for someone to access your Bitcoin without your private key.
newbie
Activity: 616
Merit: 0
May 05, 2021, 08:41:13 AM
#63
Hi Everyone,

Since there will be a lot of new investors coming into the crypto space in the coming weeks. I wanted to make sure I publish an article about how to properly secure your Bitcoin.

I would appreciate it if you shared this article with anyone you know who is getting into cryptocurrency for the first time. We don't want anyone to lose their funds, so security should continue to be the number one priority for educating new investors.

What Is A Crypto Wallet? How To Securely Store Bitcoin

Let me know if you have any questions or comments on the article!


I have been in the crypto field since 2016. Bitcoin wallets are much more secure than altcoin wallets. I have seen altcoin wallets being hacked a lot more than bitcoin wallets and etharium wallets being hacked the most and this is happening more in the case of etharium wallet and now in BSC Chain. This is because it uses the alogrithm of the etharium blockchain. eth wallets are not safe. But bitcoin wallets are safe, be it software wallet, paper wallet or hardware wallet. Newcomers to the crypto field use the blockchain wallet. If you want to keep bitcoin more secure, use a paper wallet. However, if you think that I have a large amount of bitcoin, then hardware wallets are best for this.
sr. member
Activity: 1274
Merit: 293
May 05, 2021, 12:23:41 AM
#62
the article that you provide is very complete and good, but for beginners you may still have doubts about choosing which one is the right one. we need to remind you as good as any wallet is, only the most secure hardware such as trezzor or nano ledger is the best for securing assets
My mantra in terms of equipments and gadgets that I use is that I only use those that have been used by others and have assured that it is of quality. Like Trezor and Nano Ledger which has been the most spoken hardware wallet for a long time because they deliver what they promise although there are some setbacks, they still are at the top.
jr. member
Activity: 34
Merit: 1
May 04, 2021, 09:50:37 PM
#61
Hi Everyone,

Since there will be a lot of new investors coming into the crypto space in the coming weeks. I wanted to make sure I publish an article about how to properly secure your Bitcoin.

I would appreciate it if you shared this article with anyone you know who is getting into cryptocurrency for the first time. We don't want anyone to lose their funds, so security should continue to be the number one priority for educating new investors.

What Is A Crypto Wallet? How To Securely Store Bitcoin

Let me know if you have any questions or comments on the article!

There are four types of wallates and you can store your bitcoin securely

 Hardware Wallets
 
 Software Wallets

 Cloud Wallets

 Paper Wallets
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
April 22, 2021, 07:56:54 AM
#60
thanks for the info but is there a reason why bitcoin core havent implemented it until now  ?
Updating Bitcoin Core with those major changes isn't as simple as you may think it is.

Also if you want to use bitcoin core, you have to download the whole blockchain on your computer and many people will run out of space on their system if they opt to go with bitcoin core. Electurm wallet is better choice unless you are a blockchain developer.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
April 22, 2021, 07:43:01 AM
#59
thanks for the info but is there a reason why bitcoin core havent implemented it until now  ?
Updating Bitcoin Core with those major changes isn't as simple as you may think it is.
full member
Activity: 1638
Merit: 122
April 22, 2021, 07:38:22 AM
#58
I tried using electrum and I have no problems with it and what I like is that I can keep my private keys with me .
I haven't tried Bitcoin core but this wallet is trusted
Just a small note. While both of them are wallets, electrum offers much better address management than Bitcoin Core. It'd be better for example to use electrum to write 12 words and derive as many addresses as you want than writing an entire private key in which you end up with only one address. Bitcoin Core developers haven't implemented the seed generation.

thanks for the info but is there a reason why bitcoin core havent implemented it until now  ? because they always released an update but we can copy our private keys and paste it in a secure location . no need to write it  . im fine with a single wallet no need to create more
full member
Activity: 574
Merit: 125
April 22, 2021, 05:29:10 AM
#57
It seems like your title "How to securely store your bitcoin" is different from its content, as the content says that it is about a crypto wallet, well still a good article for beginners to choose what wallet may suit them. Right now I am using a hot crypto wallet, as I am using an exodus and electrum wallet, actually, I also want to try to use a hardware wallet or a cold wallet but I don't think that there is a cold crypto wallet here in our country and I also don't know how can I buy it. Hardware wallet is much safer than online wallet but if you will just take care your device and you wont download some unnecessary files and application then using it is still good.
full member
Activity: 268
Merit: 100
April 22, 2021, 04:31:32 AM
#56
Hi Everyone,

Since there will be a lot of new investors coming into the crypto space in the coming weeks. I wanted to make sure I publish an article about how to properly secure your Bitcoin.

I would appreciate it if you shared this article with anyone you know who is getting into cryptocurrency for the first time. We don't want anyone to lose their funds, so security should continue to be the number one priority for educating new investors.

What Is A Crypto Wallet? How To Securely Store Bitcoin

Let me know if you have any questions or comments on the article!
Bitcoin wallet is a place to help you store your Bitcoin. It's like you take money in your wallet. But how to secure your Bitcoin wallet to avoid stolen. Buy the most safe purses. There are now many types of hot wallets and cold wallets, but in the market there are 4 types of most common wallets that are online wallets, wallets, paper and hard wallets. Learn to buy appropriately.
full member
Activity: 798
Merit: 100
April 22, 2021, 03:42:02 AM
#55
the article that you provide is very complete and good, but for beginners you may still have doubts about choosing which one is the right one. we need to remind you as good as any wallet is, only the most secure hardware such as trezzor or nano ledger is the best for securing assets
copper member
Activity: 342
Merit: 1
April 22, 2021, 03:24:44 AM
#54
Thank you for your useful article! It’s really important to think about the safety of your crypto wallet. Choose only reliable wallets
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
April 21, 2021, 03:05:53 PM
#53
Because hardware wallet is much more secure than software wallet.
This is not completely true, unless you don't know what's the technical background of a wallet. Besides the fact that the keys never "touch" your computer, hardware and software wallets aren't different at all. You're generating random numbers with both of them. For beginners on cryptocurrencies, I'd definitely recommend hardware wallets, though.

I tried using electrum and I have no problems with it and what I like is that I can keep my private keys with me .
I haven't tried Bitcoin core but this wallet is trusted
Just a small note. While both of them are wallets, electrum offers much better address management than Bitcoin Core. It'd be better for example to use electrum to write 12 words and derive as many addresses as you want than writing an entire private key in which you end up with only one address. Bitcoin Core developers haven't implemented the seed generation.
full member
Activity: 1638
Merit: 122
April 21, 2021, 02:38:46 PM
#52
I think hardware wallet is more secured  for storing your asset . Nano, trazer  ledger . Most important you have to save your private key or password to a secured place so that no one can hack it.
Hardware is a wallet that is recommended for those who have a significant amount of bitcoin or have a value that is considered critical. Although anyone can use it, it's actually funny if I have to use a hardware wallet for store worth bitcoin $20, while electrum and bitcoin core and some other wallet provide a good security experience for the user.
Its funny if you bought a hardware wallet but you don't have a crypto to store in it but it's not funny If you put small amount in a hardware wallet because you are going to hold it for a Verry long time and by the time you came back the 20 dollar that you store is now worth hundred thousand .
I tried using electrum and I have no problems with it and what I like is that I can keep my private keys with me .
I haven't tried Bitcoin core but this wallet is trusted
sr. member
Activity: 1610
Merit: 264
April 21, 2021, 02:19:45 PM
#51
~
Or.....simply just don't trust any online wallets for hodling purposes wherein you don't hold your private key.
Some people still treat Bitcoins like fiat wherein they entrust their good ol' pal, online wallets like how they entrust banks too much for their money.
legendary
Activity: 2464
Merit: 2094
April 21, 2021, 02:18:06 PM
#50
I think hardware wallet is more secured  for storing your asset . Nano, trazer  ledger . Most important you have to save your private key or password to a secured place so that no one can hack it.
Hardware is a wallet that is recommended for those who have a significant amount of bitcoin or have a value that is considered critical. Although anyone can use it, it's actually funny if I have to use a hardware wallet for store worth bitcoin $20, while electrum and bitcoin core and some other wallet provide a good security experience for the user.
full member
Activity: 1022
Merit: 100
$CYBERCASH METAVERSE
April 21, 2021, 01:31:49 PM
#49
I think hardware wallet is more secured  for storing your asset . Nano, trazer  ledger . Most important you have to save your private key or password to a secured place so that no one can hack it.
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