How to take keep your BTCs 100% safe? - page 2.

Chyton

sr. member

Activity: 322

Merit: 253

Yes you're right, by backing up your private key you'll have yourself protected from authorities closing down the websites.
But here's my recommended steps to save your bitcoins 99.9% safe (the other 0.1% is human error Grin

)

1. Make a paper wallet (either by generating private key independently and store it or just use some online service but make sure to download the websites and run it offline, and make sure to encrypt it using your pin.).
2. Make 3 or more copy of your paper wallet
3. Laminate it (to handle with years long storing and water)
4. Save a picture of it (it's safe because you've encrypted your private key)
5. Store them at a safe place (safety deposit box, vault, etc)
6. Hold Grin

HasHe

hero member

Activity: 952

Merit: 500

Never keep your bitcoins in exchanges.If Mt.Gox like incidents occur,then you would have to loose your bitcoins.Instead,you could save it in Electrum wallet which is safe and secure.A twelve word seed is generated during opening a new wallet and it could be used for your wallet recovery in future in case of system damage.But care should be taken to download wallet from official website Electrum.org and not from fake websites.

no0dlepunk

sr. member

Activity: 490

Merit: 258

Quote from: JB0011 on September 04, 2017, 07:35:10 PM

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right? I'm not sure how it's all done. Please advise.

I advise you to put your coins in a hard wallet, that is the safest place for your hard earned coins. Hard wallets could be brought anywhere and your seed was placed in a physical card which could be kept in your physical wallet. If you hate losing bitcoins then you better spend money purchasing security measures.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: JB0011 on September 04, 2017, 07:35:10 PM

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right? I'm not sure how it's all done. Please advise.

There is no way you can keep your bitcoins safe in an online wallet or a 3rd party gateway.

Bitcoin was supposed to make your wallet your own bank.
Once you deposit you coins in another wallet where somebody is also able to move coins you forfeit all the security.

The only way to have 99.99999% security is to move your coins to cold storage:
https://en.bitcoin.it/wiki/Cold_storage

Remember, there is no 100%.

Chrystora123

full member

Activity: 1414

Merit: 228

Omicron is another FUD

you are right, but if I have many bitcoin. I will choose an offline wallet, Like Trezor, I think this is so safe because if I want to transaction I only put it to my computer like a flash disk, and when I finished, I just pull it out from my computer..

patz22

full member

Activity: 1176

Merit: 104

I'm reading comments on this thread just to know on how my BTC will be safe in the future (Don't have any bitcoin or any earnings yet

). But in my own opinion since BTC is an virtual money we cannot guarantee that it will be safe since nowadays there's a lot of tools that can be used to hack someone else information and also with the innovation. One way for you to make sure that your BTC is secured is that keep your information safe and save your password and other information on your own PC/drive/flashdrive because this is the best way to keep your information safe (Don't have any idea with the online wallets yet that's why this is the only advice that I have

)

TheBTCAlex

full member

Activity: 126

Merit: 100

Back from Vacation!

Its not really possible to make anything really 100% secure, or theft-proof. After all, the user of the devices is actually you, and in turn, you are human, and to be fair, we humans are vulnerable. Very. Even if you use hardware wallets, you would need to keep several paper backups, as well as cold storage. Also, the place where you would transact would from, would need to have been never using the internet, as for the average user, internet = viruses. So, you really need to have loads of backups, and basically keep stuff in safes to make it kinda 99% proof.

But the thing is, if you end up getting your wallet hacked once, everything is done for.

chesegrinder

full member

Activity: 182

Merit: 100

there are no 100% safe wallet, but to lesser the risk try to use HD wallet or core or electrum any desktop wallet dont take your coins on the exchange platform as it have a risk of hacking were there are big wedsite of exchange are been hacked before. save your password of google drive or print the qr code and password/private key and keep safe it so you wont forget it. in this world of technology there no 100% safe all have a risk hackers are behind us so be aware and vigilant. Good Luck

Cacaparg

hero member

Activity: 835

Merit: 502

I think the better and safe way to keep all bitcoin information (logs, passwords, and so on) on the paper at you home, because all electronics data easy or not to huck.
Take care.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: MinMan on September 09, 2017, 05:36:28 AM

Quote from: JB0011 on September 04, 2017, 07:35:10 PM

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right? I'm not sure how it's all done. Please advise.

Yes you are 100 percent right. One should have more than one account. The most fear thing is that not only hackers but the site owners also shut it down or Bloch their site without any reason. So having two or three different account on different sites and keep not all the bitcoin in one wallet but in all the wallets you has then you will be safe not 100 percent but enough. No one can give you the tips of 100 percent bitcoin security.

Preferably after hearing so much hacking and closing of some web wallets many will surely take an interest with your bitcoin there is no such 100% secure wallets when it comes to web wallets if you want a secure one you can surely get a cold storage that is surely the most secure part to keep your bitcoin but OP is saying about the private keys or password that he can forget then don't use bitcoin and just convert all of your bitcoin to fiat, because you need a multiple account so you can not lose all of your earn bitcoin, maybe a portion of it but not all. but hey it is a coincidence that you can surely lost your bitcoin.

onurgule

newbie

Activity: 28

Merit: 0

None of wallets are safe.
But you can choose more safer bitcoin wallets.
I am using Blockchain, a lot of people using Blockchain.
So I think Blockchain is safer than other wallets.
Google "Bitcoin Wallet" and you will receive Blockchain as #1 result. Trust Google.

MinMan

full member

Activity: 628

Merit: 154

Quote from: JB0011 on September 04, 2017, 07:35:10 PM

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right? I'm not sure how it's all done. Please advise.

Yes you are 100 percent right. One should have more than one account. The most fear thing is that not only hackers but the site owners also shut it down or Bloch their site without any reason. So having two or three different account on different sites and keep not all the bitcoin in one wallet but in all the wallets you has then you will be safe not 100 percent but enough. No one can give you the tips of 100 percent bitcoin security.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Sithara007 on September 05, 2017, 12:10:24 AM

Blockchain.info wallets are not 100% secure. Even if 2FA is enabled, a key logger can steal your login information and steal your coins. I think that the only wallets which are 100% secure against theft are hardware wallets such Trezor and Ledger.

I won't deny you. Looks like you have used key loggers or attacked by this method of hacking. However, in order to install a key logger in someone’s PC, you need to force them to click on a link or something so that the event takes place. Isn't it better to not keep on clicking here and there carelessly?

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Do not trust online wallet providers with your bitcoins. Blockchain.info is one of the biggest online wallet providers, but they had a lot of problems previously with their software. I would invest in a hardware wallet, if you use your coins frequently or you could rather opt for the safest method to store your coins, which is offline paper wallets.

If you have to use online wallets for some or other reason, I would definitely backup the seed and use 2FA. ^smile^

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Blockchain.info wallets are not 100% secure. Even if 2FA is enabled, a key logger can steal your login information and steal your coins. I think that the only wallets which are 100% secure against theft are hardware wallets such Trezor and Ledger.

suppersz

sr. member

Activity: 336

Merit: 250

There is a day to be born, and another to die

Offline laptop, linux, never touch internet. use usb to transfer data to sign keys. keep the hard drive encrypted.

Wildwest

sr. member

Activity: 1701

Merit: 308

Quote from: JB0011 on September 04, 2017, 07:35:10 PM

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right? I'm not sure how it's all done. Please advise.

I think of the ways you secure your wallet may be very difficult to break through by hackers, if seen from some authentication permissions. But we do not know maybe that could happen. Keeping the private key of the bitcoin address listed in the blockchain is just as unsafe. Because bitcoin will remain in your blockchain wallet even if you have exported your private key or bitcoin address in another wallet.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Nothing is 100% safe. Look for the storage method that fits your needs and your desired level of security, and learn how to manage its weaknesses.

Heyyyrenz

sr. member

Activity: 308

Merit: 267

for me the safest way to keep your bitcoin is to store it to a bitcoin paper wallet. Why?

You hold your private key and not store in the internet unlike some of the wallets online the company holds your private key and if the company hacks there's a chance that your bitcoin may steal as well.

The best use of the paper wallet is:
1. Storing bitcoin for long term investment.
2. For future purposes.

It's good to store bitcoin on paper wallet because it's price pumps and pumps and when you store alot at it and withdraw it your rich in an instant.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Even if you are taking backup of your private keys then it doesn't matter in case of the hacking incident because hackers will sweep your wallet as soon as they get access to your private keys.

I would suggest you, go with SECURELY GENERATED paper wallet if you don't want to access your funds more often.Your funds are safe until paper wallet is physically stolen.

If you want to keep it completely in your custody and still flexible then go with Trezor wallet where you will need to keep your seed/passphrase secure. Even in the case of any incident with the device, you will still be able to retrieve the funds using seed/passphrase.

Topic: How to take keep your BTCs 100% safe? - page 2. (Read 1264 times)