updated many items including this -
Concerns with paper wallets –
https://np.reddit.com/r/Bitcoin/comments/670zhy/summary_pitfalls_of_paper_wallets/
https://np.reddit.com/r/Bitcoin/comments/6ss91w/seriously_how_are_you_all_generating_your_private/dlf4uhr/
Topic: Options for Securing your Bitcoin wallet (Read 13593 times)
Ledger is taking pre-orders for the new Ledger Nano S to ship in July. This will be the first hardware wallet for both bitcoin and ether and buying one is a no brainer at $66. You will be able to store private keys for the top two cryptos in one hardware wallet. Brilliant!
This seems to be the newest product from ledger, i currently hold the Ledger Nano but this seems to be different and maybe like trezor or keepkey? by controlling the transaction outside computer with those two buttons?
KeepKey is a Trezor clone made by an outfit who took the Trezor open source code to build a business off the back of original hard work done by the Trezor developers. Ledger is a true competitor who took a different approach using a secure element. From the information Ledger has released the Nano S works similar to Trezor and there are two buttons on the side you can see in the photo posted.
Instead of plugging into a USB port like current Nano the Nano S has a micro USB female port same as Trezor and ships with the required cable. You will also be able to use it with Mycelium on your phone like Trezor.
Main differences from the Trezor other than the secure element are the PIN is limited to four numbers and passphrases are not enabled. @btchip has already mentioned that the company is amenable to correcting both in a firmware update.
Ledger is taking pre-orders for the new Ledger Nano S to ship in July. This will be the first hardware wallet for both bitcoin and ether and buying one is a no brainer at $66. You will be able to store private keys for the top two cryptos in one hardware wallet. Brilliant!
[img ]https://bitcoinnewsmagazine.com/wp-content/uploads/2015/08/ledgernanos.png[/img]
[img ]https://bitcoinnewsmagazine.com/wp-content/uploads/2015/08/ledgernanos.png[/img]
This seems to be the newest product from ledger, i currently hold the Ledger Nano but this seems to be different and maybe like trezor or keepkey? by controlling the transaction outside computer with those two buttons?
Ledger is taking pre-orders for the new Ledger Nano S to ship in July. This will be the first hardware wallet for both bitcoin and ether and buying one is a no brainer at $66. You will be able to store private keys for the top two cryptos in one hardware wallet. Brilliant!
for me,securing bitcoin only have to choice,store it on online wallet with full security method,or secure it hardware wallet and keep carefull with usb wallet. i think it normal,hardware orpapper wallet almost have same function,even papper wallet more easy to use and purcase. and for now i rather to use online wallet with good security.
Added -
Ledger nano S 58.00 €
Ledger nano S 58.00 €
Added new coin
BTCC mint preloaded Titanium Bitcoins (not sold in US)
https://mint.btcc.com/
1.1BTC per coin (Includes virgin 1 BTC)
Added Ledger Blue Announcement
BTCC mint preloaded Titanium Bitcoins (not sold in US)
https://mint.btcc.com/
1.1BTC per coin (Includes virgin 1 BTC)
Added Ledger Blue Announcement
I most likey to use wallets that can use 2FactorbLogin so even if your wallet is been hacked you can still recover it and the hacker cannot log on your account and steal your money.But it is still better using physical coins or paper wallet because it is more secured for me.Thats my opinion anyone have choice from what wallet they will use.
Updates -
9) BitLox
http://www.bitlox.com/
BitLox Advanced 199 USD
BitLox Ultimate 299 USD
BitLox Extreme Privacy Set 399 USD
Source Code: Open source apps
8 ) Digital Bitbox
https://digitalbitbox.com/
120 usd
Source Code: open
10) eWallet
http://www.blackarrowsoftware.com/store/ewallet.html
39 usd
Source Code: open
11) Goochain Citadelle
https://goochain.net/citadelle/
14.50 €
Source Code: ?
12) Open Dime
http://www.opendime.com/
29 usd for 3 on backorder
Unique HW wallet that acts as a fungible and verifiable offline form of currency
Removed eliptibox, hardbit, and edited many other HW wallets
5) https://www.infinitumbitcoins.com/
99 to 399 USD per coin
6) https://denarium.com/
13,70 € to 469,42 € per coin
9) BitLox
http://www.bitlox.com/
BitLox Advanced 199 USD
BitLox Ultimate 299 USD
BitLox Extreme Privacy Set 399 USD
Source Code: Open source apps
8 ) Digital Bitbox
https://digitalbitbox.com/
120 usd
Source Code: open
10) eWallet
http://www.blackarrowsoftware.com/store/ewallet.html
39 usd
Source Code: open
11) Goochain Citadelle
https://goochain.net/citadelle/
14.50 €
Source Code: ?
12) Open Dime
http://www.opendime.com/
29 usd for 3 on backorder
Unique HW wallet that acts as a fungible and verifiable offline form of currency
Removed eliptibox, hardbit, and edited many other HW wallets
5) https://www.infinitumbitcoins.com/
99 to 399 USD per coin
6) https://denarium.com/
13,70 € to 469,42 € per coin
Key vulnerability of hardware wallets or offline computers is they can break down, without need to be physically damaged (unlike a paper wallet)
Not really. If you use Trezor the 24 word seed generates all your addresses and private keys. You can consider the seed your wallet, not the plastic device. If you lose your Trezor all you need is to recover from seed using a new Trezor. Or you can use another BIP32, BIP39 and BIP44 wallet like Electrum.
Write your seed on paper and you can consider Trezor a "paper wallet" you can actually use daily. No one has been able to argue that Trezor is not secure. Some nitpick that there is some lack of privacy because you can not yet use Trezor with a full node like Bitcoin Core, but Armory has stated that a new release will support Trezor, erasing that last objection.
Anyone with more than a few bitcoin who is not using cold storage is taking a rather large chance. Trezor is the most convenient way to use cold storage and a bargain at $99. Ledger is another choice at $40 but it is worth spending an extra $60 to get the screen on Trezor.
I think so... but I don't have a 2TB hard drive...
legendary
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hardware wallet is the best option 
Very nice nice and rich sources of highly needed information for both beginners as well as the advanced bitcoin users. (Professionals themselves have these ideas). While making some bitcoins through faucets, I keep on thinking on how to secure my hardly earned bitcoins. I find the feasible answer here. Thanks for such a helpful threat.
One Question:
What do you recommend?
What do you recommend?
There isn't one recommendation as people should use multiple wallets and be willing to weigh risk/convenience.
What I do now -
Spending - Use Mycelium HD wallet(with pin) on my android with 200 usd of bitcoin max. HD seed backed up physically in safe.
Spending - Use Bitcoin QT wallet on my primary computer with 200 usd of bitcoin max with a completely unique and high entropy password. There are many security practices that need to be done with primary computer.
Savings - Entropy with Shamir’s 2-of-3 Secret Sharing Scheme for my cold storage savings where 1 key is encrypted in my password manager, the second key is laminated in my safe, and the third key is laminated and secured in an offsite location.
What is slightly less secure but acceptable for many-
Spending - Use Mycelium HD wallet(with pin) on my android with 200 usd of bitcoin max. HD seed backed up physically in safe.
Spending - Use Bitcoin QT wallet on my primary computer with 200 usd of bitcoin max with a completely unique and high entropy password. There are many security practices that need to be done with primary computer.
Savings - offline computer with clean fresh linux install that never touches any external HD / memory/ network that the primary computers touch and with no extra software installed and just used to store your bitcoins. It is better to physically disable your network wifi card but acceptable to simply not connect to the network unless needing to download the blockchain.
Or using a hardware wallet, or using multiple paper wallets/coins with different ballances on them and properly secured(if they are created securely.
In other words you need to read the information in the first post and use cold storage for security of your savings.
It's very nice to know that Shamir's Secret Sharing Scheme is getting more popular as a tool for cold storage.
There's an implementation called PassGuardian that helps a lot with that task.
I've added info about it under my list here: https://bitcointalksearch.org/topic/list-foss-brainwallets-1164163
Use of brain wallets discouraged because of anthropic limitations in creating sufficient entropy. https://brainwallet.org permanently shutdown to discourage its use. http://insecurety.net/?p=866
Most of the vulnerability of brainwallet came from using a single round of a simple hash (SHA256) and lack of (suggested) salt, which made brute-force & dictionary attacks very cheap.
Using a more complex hash and some basic, easy to remember, globally unique salt, the vulnerability is greatly reduced. WarpWallet does something like that, and attacks like brainflayer are greatly mitigated, since they not only need to perform more complex hashes (at a much lower rate than vs a single SHA256 round), but the attack also has to be targeted to the salt (like a globally unique email address), and the hashing cannot be reused for other salts.
Just the complex hash already makes it hard, the 8 alphanumeric warpwallet challenge still has not been solved, with a single SHA256 round, it would probably have been solved within a day.
(that said, using billions of rounds of sha256 should work just as fine as using scrypt, and could be more future-proof, since SHA256 asic performance has plateau'ed, while scrypt-asic have huge future improvement potentials, it's always possible there will be SHA256 breakthrough, but IMHO Scrypt breakthroughs are more likely)
A mixture of a few options with your bitcoins spread out would be best, that is what im working on. Next up im going to get me a trezor and try that out. Since they just reduced it in price im expecting version 2 to come out.
you could also use 2FA for securing you're wallet (however, that could not be as secure as the other types...)
https://www.youtube.com/watch?v=Dedk_840tts
What's up next for hardware wallets?
Thomas France & Eric Larcheveque, Ledger Wallet
--------------------------------------------------------
https://www.youtube.com/watch?v=Wnxi5QksVoo
Keep Key Review - Bitcoin Hardware Wallet
Use of brain wallets discouraged because of anthropic limitations in creating sufficient entropy. https://brainwallet.org permanently shutdown to discourage its use. http://insecurety.net/?p=866
https://rya.nc/cracking_cryptocurrency_brainwallets.pdf
https://github.com/ryancdotorg/brainflayer
What's up next for hardware wallets?
Thomas France & Eric Larcheveque, Ledger Wallet
--------------------------------------------------------
https://www.youtube.com/watch?v=Wnxi5QksVoo
Keep Key Review - Bitcoin Hardware Wallet
Use of brain wallets discouraged because of anthropic limitations in creating sufficient entropy. https://brainwallet.org permanently shutdown to discourage its use. http://insecurety.net/?p=866
https://rya.nc/cracking_cryptocurrency_brainwallets.pdf
https://github.com/ryancdotorg/brainflayer
Well I have so many raspberries with LCD screens laying around, would be fun to make some offline wallets. Got some awesome casings that are not used atm.
Posted From bitcointalk.org Android App
Posted From bitcointalk.org Android App
I think next month I'll use cold storage because is saver than the other
But I'm confused to choose between offline wallet or paper wallet
But I'm confused to choose between offline wallet or paper wallet
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