Options for Securing your Bitcoin wallet - page 5.

CIYAM

legendary

Activity: 1890

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Ian Knowles - CIYAM Lead Developer

Quote from: shogdite on February 27, 2015, 07:58:54 AM

Are there any better ways of generating paperwallets? (ideally not too complicated)

Kind of assumed that offline bitaddress was very secure.

Without any proper peer review I'm not sure why you assumed it is secure (just because others use it?).

The latest version of Bitcoin does display a QR code when you create a new receive address so although not perfectly simple it shouldn't be too hard to print that from an offline computer that is running it (it is simpler when using a console when you have tools such as "qrencode" but I understand that isn't easy for most).

shogdite

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Activity: 798

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LIR Dev. www.letitride.io

Quote from: CIYAM on January 31, 2015, 02:03:07 AM

Quote from: moko666 on January 31, 2015, 01:57:28 AM

i prefer paper wallet, as only thing to worry about is physical theft, but for physical theft you can't blame bitcoin of other as gold and fiat currency are also not secure against physical theft

One thing to be very careful about is how you generate your paper wallet as @gmaxwell has recently pointed out you would not be wise to use any current .js wallet generator (such as bitaddress.org and even if offline) due to potentially poor random number generation and code that has not been thoroughly peer reviewed.

Are there any better ways of generating paperwallets? (ideally not too complicated)

Kind of assumed that offline bitaddress was very secure.

Q7

sr. member

Activity: 448

Merit: 250

Well I use paper wallet but nowadays I develop that sense of insecurity of having the paper getting stolen and the private key revealed. And also since it is just a paper, there's a chance for the ink to fade off someday. Been looking into hardware wallet so more or less I have narrowed down to few options such as trezor or btchip.

mlferro

sr. member

Activity: 252

Merit: 250

Quote from: 7Priest7 on January 31, 2015, 02:21:05 AM

Secure Paper Wallets

Paper wallets are the most secure.
They are vulnerable to physical theft,
read my post to have the most secure cold storage possible.

very good your post. I enjoyed the reading I've done. Congratulations.

inBitweTrust

hero member

Activity: 658

Merit: 501

New Hardware wallet added-

6) BWallet
https://bidingxing.com/ http://www.coincola.com/products
28.00 USD

Appears to be a Trezor Chinese knockoff

7Priest7

sr. member

Activity: 392

Merit: 250

Secure Paper Wallets

Paper wallets are the most secure.
They are vulnerable to physical theft,
read my post to have the most secure cold storage possible.

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

Quote from: moko666 on January 31, 2015, 01:57:28 AM

i prefer paper wallet, as only thing to worry about is physical theft, but for physical theft you can't blame bitcoin of other as gold and fiat currency are also not secure against physical theft

One thing to be very careful about is how you generate your paper wallet as @gmaxwell has recently pointed out you would not be wise to use any current .js wallet generator (such as bitaddress.org and even if offline) due to potentially poor random number generation and code that has not been thoroughly peer reviewed.

moko666

hero member

Activity: 635

Merit: 500

BlasterKVs the king of xbox modding

i prefer paper wallet, as only thing to worry about is physical theft, but for physical theft you can't blame bitcoin of other as gold and fiat currency are also not secure against physical theft

BitUsher

legendary

Activity: 994

Merit: 1035

This is some great information. Thank you for keeping it updated.

inBitweTrust

hero member

Activity: 658

Merit: 501

Update on Trezor-

No longer open source LGPLv3 as of v1.3.0 and switched to restrictive Microsoft Reference Source License

https://github.com/trezor/trezor-mcu/commit/2147c5fc88a28151d66afa46df0d918e598c0428

Updated all prices and removed
https://www.cryptmint.com temporarily till more info comes in.

picolo

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Activity: 1022

Merit: 500

Quote from: The Bad Guy on December 13, 2014, 06:38:34 AM

Voting for Offline wallets like Electrum . and in case a computer failure , you can just get your wallet back without any issues.
Brain wallets are very secure too but really hard to remember with time...

Electrum can be very secure but a simple plastic paper wallet in a safe works fine.

The Bad Guy

sr. member

Activity: 280

Merit: 250

Voting for Offline wallets like Electrum . and in case a computer failure , you can just get your wallet back without any issues.
Brain wallets are very secure too but really hard to remember with time...

inBitweTrust

hero member

Activity: 658

Merit: 501

Added -

https://www.ledgerwallet.com/
29.00 €

http://www.coindesk.com/ledger-launches-usb-bitcoin-wallet-bank-grade-security/

readded - 4) https://www.bitalo.com/why_bitalo
2-of-2 multisignature

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Amph on December 09, 2014, 08:26:37 AM

i also use a wallet trap with a small amount, this let me know if my pc is secure

Same here.

I have a wallet without encryption with around 0.2XBT in it just to see if my pc is safe.

I know that doesn't mean your pc doesn't contain virus or mallware, but it helps.

Amph

legendary

Activity: 3248

Merit: 1070

usb cold storage connected for backup the wallet, to a secure pc(secure erased first, first thing you do is connecting the usb) is the most secure/fast/anti-lazy thing to secure your bitcoin ihmo

i'm doing this, and never had any problem, i also use a wallet trap with a small amount, this let me know if my pc is secure

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: CIYAM on December 09, 2014, 07:39:12 AM

The CIYAM Safe (https://susestudio.com/a/kp8B3G/ciyam-safe) is another offline transaction signing solution (100% air-gapped by usage of QR codes and cams).

Thanks, I added that to the Offline Computer or device section. Great alternative.

Quote from: jokerboy on December 09, 2014, 07:51:14 AM

Which one is best ?

There is no best. All have advantages and disadvantages. I personally like the option of combining Muti-sig Paper wallets where one of the partial-key is stored digitally and password protected.

jokerboy

sr. member

Activity: 266

Merit: 250

Which one is best ?

CIYAM

legendary

Activity: 1890

Merit: 1086

Ian Knowles - CIYAM Lead Developer

The CIYAM Safe (https://susestudio.com/a/kp8B3G/ciyam-safe) is another offline transaction signing solution (100% air-gapped by usage of QR codes and cams).

inBitweTrust

hero member

Activity: 658

Merit: 501

Added Cryptolabs "case" harware wallet to list of things to look forward to.

http://www.choosecase.com/

http://techcrunch.com/2014/11/17/cryptolabs-launches-with-bitcoin-storage-hardware/

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: LiteCoinGuy on November 29, 2014, 03:22:29 AM

you should remove

4) https://www.bitalo.com/why_bitalo
2-of-2 multisignature

because their website is offline since weeks Embarrassed

Thanks, done... They may come back but the fact that they have been down this long makes me not even want to mention them regardless.

Quote from: fairglu on November 29, 2014, 05:22:44 AM

Key vulnerability of hardware wallets or offline computers is they can break down, without need to be physically damaged (unlike a paper wallet)

Agreed, updated.

Topic: Options for Securing your Bitcoin wallet - page 5. (Read 13585 times)