Topic: How to securely store your Bitcoin - page 2. (Read 748 times)
The best way for all serious bitcoin owners to use is cold wallets and physical media. Hacking is minimally likely - if not impossible at all. You need to incur a small investment of time and money for the acquisition and management, but it is worth it so that later you sleep well and not worry about the safety of your savings. Those who ignore such rules are more likely to find themselves in unpleasant situations. I know such people personally - believe me, it's better to play it safe.
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!
If you are comfortable storing your assets in a financial institution like a bank, then a regulated financial institution may be the best fit for storing your crypto. And, if you prefer to have complete control over your assets without relying on anyone else and don’t mind shouldering the added personal responsibility and risk that comes with it , then you may prefer a self-storage wallet. Self-storage wallets could be used to keep small amounts of bitcoin handy for trading and everyday use, and third-party custodians could be entrusted to safeguard larger amounts of crypto or handle digital asset inheritance.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!
https://www.gemini.com/cryptopedia/how-do-i-securely-store-bitcoin
For the Bitcoin store, I usually use hardware. Because hardware wallet is much more secure than software wallet. I usually use three types of software wallets and two types of hardware wallets. ledger nano and trezor wallet is very important ans secured wallet for reserving Bitcoin.
I just use HD wallets - Ownr and Trust. And I have no reason to think that my funds are not safe.
You have to still be careful though as you can still be a victim of phishing and other malware, yes you have a HD wallet but being cocky about your security tends to be the downfall of many. 
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!
Instead of sharing some external link to this community; why not you take time to elaborate your one way of securely storing bitcoin? Because, we all need practical approach rather than someone writes something for shilling purposes rather than really caring about this community. Your article must be one of them.What Is A Crypto Wallet? How To Securely Store Bitcoin
Let me know if you have any questions or comments on the article!
Not your keys; not your bitcoins: Your article is mostly focusing on few of web-wallets and this community is strongly against such type of wallets.
Moreover, secretly storing is not a big science. You just need to secure your wallet files with (rememberable) strong password and you must save your seed phrases without letting others to access it.
For the storage of assets such as bitcoin, it is purely done by yourself, because as we know now there is nothing more secure than what we have, including securing the password or passphrase code. so I think this is our best choice, and my advice is to choose a hardware wallet for us to make the best choice
It is true that you cannot hack it with other people, just choose to keep it on paper, it is not connected to the internet, almost those connected to the internet can be hacked if storing it on paper is the safest option. 
But I'm expecting you should also highlight those desktop wallets, even with basic information, just as what you did on the Metamask extension and not just mentioning them.
And since the subject is security and the target audience are newbies, might as well add some pointers about ways to secure an account on an exchange site or trading platforms.
And since the subject is security and the target audience are newbies, might as well add some pointers about ways to secure an account on an exchange site or trading platforms.
I'm using Metamask, only for my ETH but for bitcoin, I'm using a hardware wallet.
I'm just not comfortable on using exchanges and digital wallets because hackers are flexible and skilled enough to enter your wallet.
Also there are exchanges which are sometimes having problem with their platform.
Security is also one of the problems that we can encounter in an exchange besides the existing of hackers.
The most important thing in storing a cryptocurrency is the storing wallet. The security of your wallets depends on you. Your cryptocurrency will be saved if you can save it properly.
This may be a basic thing knowledge to be understood by the beginners. It is about some types f wallets and also recommendations about the wallet to be preferably used.
So far, if a newbie only has small amount of Bitcoin and not going to hold for a longer time, a software wallet or exchange may be useful, moreover at once for trading.
However, if you are really willing to have it for holding, however the numbers, yeah I agree to considerably save it in the cold wallet because we don't know exactly. Moreover, one to always remember, never tell anyone about the private key r even other password or important/private data because it will dangerous.
So far, if a newbie only has small amount of Bitcoin and not going to hold for a longer time, a software wallet or exchange may be useful, moreover at once for trading.
However, if you are really willing to have it for holding, however the numbers, yeah I agree to considerably save it in the cold wallet because we don't know exactly. Moreover, one to always remember, never tell anyone about the private key r even other password or important/private data because it will dangerous.
Thanks for the info.
Will be keeping this in mind.
Will be keeping this in mind.
My advice is not to save it in a place that is connected to the internet because it can be hacked by irresponsible people and all your assets will be lost, it's better if you save it on paper and keep it in a safe place.
Nowadays, fraudsters always take advantage of technological innovations and always take advantage of people who still don't fully understand certain technologies, such as new technology, there will definitely be risks associated with digital currencies, so in my opinion we must be smart at saving Our bitcoins, the safest way to store our bitcoins is by using hardware wallets such as ledger and trezor, with a hardware wallet, with this hardware wallet you will easily access your bitcoins, making it safer ..
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I keep my bitcoins in the safest place and I store them in one of the best cryptocurrency wallets. My bitcoin wallet private key is stored in email, on computer software and on paper. I do not tell the private key of my bitcoin wallet to other people, I give the private key of my bitcoin wallet only to my wife because I don't trust other people, I believe in this way my bitcoin will be safe.
Giving your wallet private keys to your wife is good but it not reasonable if she did not know how to keep it safe or its purpose and about saving your private keys in an email is just another way of you showing your wallet private keys to the email service provider.Saving wallet private keys online is not good.
There are many providers of bitcoin wallets in the world and blockchain info is the main one.
I will never advise my enemy to make use of blockchain info wallet. One of the safest techniques for holding bitcoin is cold storage, as there wallets are not accessible via the internet. There are also hardware wallets are potentially even safer, although if they misplace or forget their keys, users face the risk of losing access to their tokens.
All MIT license wallet is good for store Bitcoin but the user need to avoid a human error when using the wallet 
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!
the security to store crypto I think the best way is to be in an offline wallet. it may be safe from hackers and other actions, for example like this nano ledger will keep you safe in storing your wallet 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 many providers of bitcoin wallets in the world and blockchain info is the main one. One of the safest techniques for holding bitcoin is cold storage, as there wallets are not accessible via the internet. There are also hardware wallets are potentially even safer, although if they misplace or forget their keys, users face the risk of losing access to their tokens.
My bitcoin wallet private key is stored in email, on computer software and on paper.
Backup of private key on email is not advisable because anything on email is anything online. There are many series of reports of peoples' email being compromised, and in this case can be an easy way for the hackers that compromised the email to lay hand on the seed phrase or private key. So, storing sensitive information on emails is not safe at all. Storing seed phrase or private key on a phone or computer is not also also safe, not safe because the device can be damaged beyond repair in a way someone can lose the seed phrase or private key.
The best way to go is to store your seed phrase or private key offline, no hackers can know what is offline online which makes it safe. But, there will still be need to safe it from offline attackers and damages. Also, triplicating it offline will be best by also keeping the three backup in three different locations.
Thanks for the article, it is well-researched as well as detailed. It will definitely come in handy for anyone who is new to this game. I especially like the 'why crypto wallets matter?' section, it has some really insightful data.
Appreciate your efforts to share knowledge as newbies will find it useful, I have read your complete blog and it's crisp and clear. I would request you to add some more point about the importance of private keys and passphrase as if you are using wallets like blockchain and forgot your password it's impossible to retrieve password without the phrases.
Absolutely, this might really help those people who are having trust issues with the wallet they choose. That is why you guys should know what wallet is better for you to use when you are storing your own cryptocurrency. Because one single mistake can lead to a loss of your money which we don't want to happen. There are things you should need to consider when choosing a wallet, 2FA authentication is important so that you can be verified when someone is trying to open your wallet. 
Bitcoin is the main cryptocurrency. Thousands of people are dependent on bitcoin. So it's important that bitcoin is safe. It's also important to store bitcoin in the best way.
Bitcoin mainly stored in a digital wallet but it can be also stored in a offline wallet and it's one of the safest method to store bitcoin. Offline wallets are not accessible via the internet as a result hacker can't hack the software as the wallets are offline and it's safe from dishonest people.
Digital wallets are hardware based. It's also a safe method of storing bitcoin.
It's possible to stole bitcoin and it's not a good news for the bitcoin users. So it's very important to store bitcoin in the best way so that no one can stole it. If we store bitcoin in the digital wallet then we have to take care about some important things. Like: we have to give a strong password so that hackers can't hack the software, we have to verify the software, we have to be very concerned about our email address and other things which are related to bitcoin system.
But I can say that offline wallets are the best. It has no risk to be hacked. And also user can monitor his or her bitcoin all the time.
Bitcoin mainly stored in a digital wallet but it can be also stored in a offline wallet and it's one of the safest method to store bitcoin. Offline wallets are not accessible via the internet as a result hacker can't hack the software as the wallets are offline and it's safe from dishonest people.
Digital wallets are hardware based. It's also a safe method of storing bitcoin.
It's possible to stole bitcoin and it's not a good news for the bitcoin users. So it's very important to store bitcoin in the best way so that no one can stole it. If we store bitcoin in the digital wallet then we have to take care about some important things. Like: we have to give a strong password so that hackers can't hack the software, we have to verify the software, we have to be very concerned about our email address and other things which are related to bitcoin system.
But I can say that offline wallets are the best. It has no risk to be hacked. And also user can monitor his or her bitcoin all the time.
I keep my bitcoins in the safest place and I store them in one of the best cryptocurrency wallets. My bitcoin wallet private key is stored in email, on computer software and on paper. I do not tell the private key of my bitcoin wallet to other people, I give the private key of my bitcoin wallet only to my wife because I don't trust other people, I believe in this way my bitcoin will be safe.
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