Topic: Options for Securing your Bitcoin wallet - page 2. (Read 13563 times)

Iam going with offline computer or device
An offline wallet, as we known as cold storage, provides the highest level of security for savings.
And of course It involves storing a wallet in a secured place that is not connected to the network.
And when you do that properly, it can offer a very good protection against computer vulnerabilities.
For me using an offline wallet in conjunction with backups and encryption is also a good step and choice

Surprising result, I would have thought hardware wallets would be one top of the list, it my preference. I love how some wallets are now integrating Trezor, and I'm able to connect it to my phone, it was the only downside for me using the Trezor, no phone support.

i choice Offline computer or device..is more save for wallet

Paper Wallet or physical coins.

updated the HW1 info

Not entirely true, especially if you don't know what you're doing and create it on a compromised computer or website. You can also lose or damage or it gets accidentally destroyed. And this is why I prefer the following option. Create a wallet with a client that can be restored from a seed that you write down. Then write your private keys down safely. Then back-up your wallets safely on external mediums like usb drives or a cd-r. This way you're three times protected. Lose your wallet or it becomes corrupted? Then you've got the private keys written down. Lose the private keys? Then you can restore from seed. Don't ever just rely on one back-up or way of backing up because so many things can go wrong.

http://www.eliptibox.com

added to hardware wallets

well yeah its a good thing if you have no bad friends who can just take it if they find it by accident

For securing my wallet,
personally I will choose a paper wallet,

because paper wallet cannot be hacked or cracked,

its depends to ourselves to secure it,

but, if the paper lost,
you lost all of it... 

https://www.youtube.com/watch?v=Zw6kWtehqEQ

What is Case Wallet? An interview with Melanie Shapiro

Still looks like a neat device, but thanks for the warning. My larger concern is the security of it using biometrics... I tend to leave my fingerprints everywhere!

Combines multisig where Case holds one of the keys as a backup for you but cannot steal your funds and includes fingerprint biometrics and uses its own GSM signal to communicate with the blockchain so you can make payments without internet.

http://www.choosecase.com/faq.html

Case connects to 183 mobile carriers in 109 countries: Afghanistan, Albania, Algeria, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bangladesh, Barbados, Belgium, Bermuda, Brazil, British Virgin Islands, Bulgaria, Canada, Cayman Islands, Chad, Chile, China, Colombia, Cote de Ivoire, Croatia, Cyprus, Czech Republic, Denmark, Dominica, Dominican Republic, DR Congo, Ecuador, Egypt, El Salvador, Estonia, Faeroe Islands, Finland, France, Germany, Ghana, Greece, Grenada, Guatemala, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Kazakstan, Laos, Latvia, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Martinique, Mexico, Montserrat, Namibia, Netherlands, Netherlands Antilles, New Zealand, Nicaragua, Nigeria, Norway, Pakistan, Panama, Peru, Poland, Portugal, Republic of Korea, Romania, Russian Federation, Rwanda, Saint Kitts and Nevis, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, Spain, St. Lucia, St. Vincent and the Grenadines, Suriname, Sweden, Switzerland, Tanzania, Thailand, Trinidad and Tobago, Turkey, Turks and Caicos Islands, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela.

Warning - Do not use this hardware for money laundering or illegal activities as they are a US company that does store some data on their users. It is likely they will comply with investigators.


Biometrics are convenient which creates a security benefit because you will use a sufficient amount of entropy on your password... but also have severe disadvantages because you end up leaving all your passwords everywhere in public and cannot change it if it gets compromised.

What are the benefits of this wallet over the other ones?

http://www.coindesk.com/case-bitcoin-wallet-pre-order/

Only 1,000 Case wallets will be available for  pre-order for $199 or roughly 0.83 BTC .

Valid concern. With SSSS or multisig they have no power to steal the funds and only make your backup slightly more insecure if you also make a mistake and lose your backup as well. You could always store one of the shards in a security deposit box or test tube in offsite location if you can't trust anyone as well.

The idea of needing several pieces of paper (which you will have spread across the homes of different trusted persons like parents/brothers) is pretty stressing... you never know what would happen, you could still get in a fight with the so called trusted third parties and they could unintentionally lose the papers anyway.

Paper wallet still the safest if you know how to keep it safe.

No they are completely different.

Bitcoin supports two multi-signature schemes:
M-of-N Standard Transactions
https://github.com/bitcoin/bips/blob/master/bip-0011.mediawiki

Pay to Script Hash
https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki
---------------------------------------------------------

SSSS - Shamir's Secret Sharing Scheme found here:

https://github.com/cetuscetus/btctool/blob/bip/bip-xxxx.mediawiki

Got it. Thanks.

One more question: Isn't multisig the same as Shamir’s 2-of-3 Secret Sharing Scheme? (this is the first time I have heard of this by the way)

I like brain wallet the best just make sure you never fall into a coma or start to forget things. maybe writing it down on a paper and placing that under a magnet on the fridge is a good idea too,.