Topic: Safest bitcoin wallet? - page 2. (Read 6794 times)

I am very well with Coinbase, i suggest it to enyone lokking for a wallet!

In fact, the most secure option is a properly implemented multi-signature online wallet like www.bitalo.com

There, two-factor authentication is mandatory, so it is secure under all circumstances, even when your computer is fully compromised and the private keys are encrypted with your password and secured with a pre-signed backup transaction you can get the coins out, even when the site is offline or when the database is erased. On top of that coins are covered from loss with 50.000 EUR.

Also, in comparison to all "offline" techniques, you can still use the coins for spending.


Edit: coinbase is NOT 100% secure, because first of all 100% does not exist, also, when two factor is not mandatory, it is easily possible to steal coins via compromised computer

Coinbase is the most Secure Online Web Wallet .

100 % secure.

+1

I think safest is to Store Wallet.dat On machine that is not always connected to the internet

As the "safest" AND "online" wallet (example: Rushwallet is probably the "easiest" AND "fast" online wallet "now", but not the safest), I advise Greenaddress, with BTCHIP is even better

i like coinbase

yeah, no need to rely on online, hacker is everywhere.

Internet is not safe zone. Never was, never will be.
But about the question, well it would be good to store your wallet on USB and thats it.
Sometimes antivirus detect malware on your wallet, even if it is clean, so I would use some CD/DVD to store it.
That would be safe enough and not deletable by antivirus.

AFAIK, the wallet in my pocket is the most safe, aha...

Paper wallets are very safe. Check out my website: moneyart.info

Paper wallet is most safe, unless you lose it

Blockchain, coinkite and circle are all fine (blockchain being the best of the 3), but only for 'pocket money'

see it as sort of like carrying a wallet with $100 or so, if you get pickpocketed you will lose your $100, but at least you still have the rest of your money safe at home or in the bank or wherever you store your money.

You need to have some bitcoin at hand for immediate payments, especially if bitcoin becomes more popular, so that you can spend it on the fly with nothing more than your phone. Need to buy a newspaper, a bit of food? No worry, just use your cellphone (or smartwatch or glasses), and pay with it.

The majority of your bitcoin should be stored offline though, make sure to have several backups, preferably n-of-m stored at various locations, just to be sure.
For example 1 at your parents house (preferably in a fireproof safe), 1 at your own house, 1 in a bank vault, etc.

in case of fire, you'll still have the other ones, and if one gets stolen they are useless to the thief because they only have 1 out of many, and you'll need at least 2 or however many you set them to. That's why you can also safely store them at the bank, as long as you only safe an amount at the bank that is lower than the amount you need to recover your wallet. For example if you have a 3-out-of-5 backup, you can store up to 2 at the bank, but never 3, not even at different banks (because they might theoretically merge someday and it might get compromised)

Make sure to print your wallet backups on paper (preferably laminated with plastic or something) and preferably in a fireproof safe. Digital copies are not as durable as paper.

If you have access to your own tools, you could also cut out of stainless steel or other reasonably inert materials, make sure you make cuts or otherwise permanently deform the material, as writings may fade. Wood and plastic can be used, but they might get destroyed in a fire.

I agree. Trezor is an amazing approach.  I have one and another on order as a backup.  I'm becoming much more comfortable with it, and am shifting more from paper wallets as time progresses.  It is very well engineered.

Nicely laid out

Use the right wallet for the right purpose.

First level are online wallets:
Online wallets are a good choice for everyday (small) payments.
Using bitcoind, paperwallets, or other more sophisticated setups for these day2day payments
will most likely compromise their security (carrying paper wallets with you, typing passwords
in public, using public networks etc).
Of course, online wallets should hold always only a very small amount of coins.

Second level are Internet connected clients:
Whichever you use (bitcoind, electrum, whichever), they are more secure as not on the Internet
in a central, easily attackable location. However, they are still connected to the Internet, and thus
might be compromised. At the moment, their security depends much on your knowledge of
computers and how you administer your local system. But: no matter how good you are, there's
a risk. These wallets should therefore never store more than a moderate amount of coins.

Third level is cold storage:
No matter what you use (paperwallet, electronic), these are private keys that never touch any
machine that is connected to the Internet. Most secure, and also least practicable. Creating a full
setup with a locked-in computer for efficiently signing lots of transaction offline is work, so it's
not always feasible - especially for the average user. This is where paper wallets come into play:
secure, but very little organizational overhead.

In the end, the most important thing is to use all three levels for the right applications and
the right amount of coins. If you go exclusively cold-storage, you will most likely compromise
your security sooner or later due to the impracticality of this solution (ie, whipping out your
unconnected laptop to pay for a restaurant bill). Exclusive online wallet usage is bad for the
obvious reasons.

The amount of coins in each of these levels can only be decided by yourself.
Online wallets: what you can afford to lose without causing a major problem in your life
Connected clients: what you can afford to lose without destroying you
Cold storage: the rest

Absolutely not

I think armory is the safest but you need a good computer

I use blockchain.info 

How about Trezor?

I use 2 electrum wallets on my main desktop.

One is my small transaction wallet that I keep 0.25-0.5 just for quick payments. The other wallet is setup as watch only for my cold storage. When I need to send coin from cold storage I sign the tx on my dedicated offline laptop then put tx on an sd card. Plug in my main pc and sign and execute the tx from the watch only wallet.

This has been working pretty well for me. I probably shouldn't leave .5 in my small tx wallet but it gets to be a pain.