Topic: Most Secure bitcoin wallet ? - page 6. (Read 36312 times)
Most secure wallet is either a wallet on papers stored in a safe or Trezor, which is easier to use.
The plain btc wallet is the best for normal users.
What do you mean by plain bitcoin wallet? Are you referring to the mobile wallet named "Bitcoin Wallet" ( that's the first thing came to my mind). But personally I think mycelium is one of the most secured wallet cuz I used to hold my BTC there
Get a cheap pc/laptop that never see the internet. Install a wallet via usb
But if you choose only that way then it can be unsafe.
Because if this pc stops working and you don't have any other backup then you already have lost the bitcoins.
At least 2-3 backups you should have, 1 usb, 1 paper wallet, 1 pc/laptop etc..
the same logic applies for paper and usb wallets
, i like bitcoin but i dont like the fact that it needs to be locked away to be safe, This is the reason why bigger mobile wallet providers offer a so called cold storage (XAPO wault, etc) next to your everyday spending wallet.
It's like you only take a little amount of cash in your leather wallet in your pocket, the rest of your money is in the bank, in the safe at home or in your pillow
In this case you can manage your everyday spending of your bitcoins from your mobile wallet with a lower balance and the rest of your BTC can be safe in cold storage or in phisical storage like Trezor.
Bitcoin-qt or bitcoin core are the most secured wallet so far created wallets. But this is not the meaning that the other wallets are not recommended. But the protection of your wallet or your bitcoin is completely based on your encrytion.
if you dont want to use any physical wallets such as paper of hardware you should try armory i think its the safest one
Whats the plain bitcoin wallet? do you mean bitcoincore?
i think it is highly probably a paper wallet or a desktop wallet like bitcoincore, electrum and armory
Yes. Paper wallets are good when we considering online hacking. But we need to keep them safe from physical damages.
Bitcoin core and Armony need more resources for initial setup whereas Electrum is a light weight wallet, recommended for beginners.
Do I think well that if you print a paper wallet, you can add funds to it while the paper is hidden somewhere, you only need to use the paper only if you want to spend from it?
Whats the plain bitcoin wallet? do you mean bitcoincore?
i think it is highly probably a paper wallet or a desktop wallet like bitcoincore, electrum and armory
Yes. Paper wallets are good when we considering online hacking. But we need to keep them safe from physical damages.
Bitcoin core and Armony need more resources for initial setup whereas Electrum is a light weight wallet, recommended for beginners.
Do I think well that if you print a paper wallet, you can add funds to it while the paper is hidden somewhere, you only need to use the paper only if you want to spend from it?
I use XAPO's wallet for daily spending, just because of the debit card linked to it. I can pay directly from my bitcoin wallet, thru VISA's system. They have a so called cold storage as well (vault, and they say that it's insured somehow). But if I would have a really lots of bitcoin I would have use a phisical cold storage. I don't know if it would be paper wallet or Trezor kind, but I hope that in the near future I have to think about this dilemma
Well when these 2 services comes together i would use xapo too.
May i know what rates are when you try to withdraw the money at ATM.
I think that they charge additional fees (hidden fees), is the exchange rate different from coindesk bitcoin price?
I use only POS purchase in shops because it's really free.
Whats the plain bitcoin wallet? do you mean bitcoincore?
i think it is highly probably a paper wallet or a desktop wallet like bitcoincore, electrum and armory
Yes. Paper wallets are good when we considering online hacking. But we need to keep them safe from physical damages.
Bitcoin core and Armony need more resources for initial setup whereas Electrum is a light weight wallet, recommended for beginners.
Some off topic question :
Is blockchain safe i mean 100% safe or the owner could basicly steal all your coins?
Blockchain is the Bitcoin Blockchain that stores all the transactions and blocks. Blockchain.info is a service. Is blockchain safe i mean 100% safe or the owner could basicly steal all your coins?
Blockchain.info or any online wallet is not 100% safe when it comes to wallets. The webpage is loaded from their server which means that if someone gains access to it, the website can be changed. Also, blockchain.info in particular is very unreliable and stores encrypted keys on their server. Even though encrypted, they do not need your 2FA, they only need to bruteforce your password to gain access to the address.
Whats the plain bitcoin wallet? do you mean bitcoincore?
i think it is highly probably a paper wallet or a desktop wallet like bitcoincore, electrum and armory
Depends on what your goal for that address is. If it's spending money and not a lot then core or other good wallets would work fine.
But if storing a lot of BTC then things change. Cold wallets are very important for long term holding. Paper wallets if done right is one of the best way's to store BTC assuming it's done right and stored safely.
Whats the plain bitcoin wallet? do you mean bitcoincore?
i think it is highly probably a paper wallet or a desktop wallet like bitcoincore, electrum and armory
I used paper wallet and I put on my vault. If your pc has no malware and trojan when you print paper wallets it would be the safest.
i guess it is armory if you want it to be on pc
its a hardware wallet im pretty sure
Most Secure is a paper wallet in my opinion
I use XAPO's wallet for daily spending, just because of the debit card linked to it. I can pay directly from my bitcoin wallet, thru VISA's system. They have a so called cold storage as well (vault, and they say that it's insured somehow). But if I would have a really lots of bitcoin I would have use a phisical cold storage. I don't know if it would be paper wallet or Trezor kind, but I hope that in the near future I have to think about this dilemma
Well when these 2 services comes together i would use xapo too.
May i know what rates are when you try to withdraw the money at ATM.
I think that they charge additional fees (hidden fees), is the exchange rate different from coindesk bitcoin price?
I use XAPO's wallet for daily spending, just because of the debit card linked to it. I can pay directly from my bitcoin wallet, thru VISA's system. They have a so called cold storage as well (vault, and they say that it's insured somehow). But if I would have a really lots of bitcoin I would have use a phisical cold storage. I don't know if it would be paper wallet or Trezor kind, but I hope that in the near future I have to think about this dilemma
Whats the plain bitcoin wallet? do you mean bitcoincore?
The plain btc wallet is the best for normal users.
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