If you have not come across this information in the meantime, check out Armory (bitcoinarmory.com). It should help you start storing your bitcoins in the safest possible way according to you IT skills..
Thanks for the referral to the armory!
Topic: Safest storage for bitcoins? (Read 1738 times)
Thanks for the referral to the armory!
Bitcoin wallet is good. USB is better. Paper wallet/writing it down on paper is by far the best.
I don't have too many bitcoin but hopefully in the future they will grow in value so much that I will have no choice but to put the private keys in a physical safe.
Here's to hoping.
I don't have too many bitcoin but hopefully in the future they will grow in value so much that I will have no choice but to put the private keys in a physical safe.
Here's to hoping.
What about a bitcoin wallet? or is it better to keep them off the computer period?
Agreed, Easy and Safe, I hope...
USB key
Which is great until it becomes corrupted, which will eventually happen to any USB key.
USB key
There was just a big 108 BTC hack of that site (me affected as well). If you use it, it is imperative that you enable 2 factor authentication of any sort.
The safest place for Bitcoin is spend it. Paper can be burn, USB,CD,DVD medium will stop work in 10+ years
Papar wallets are good.
Brain wallet backed up with http://passguardian.com/ are good too.
I would use the both.
I would split my bulk bitcoin in several paper wallets and some brain wallet.
Brain wallet backed up with http://passguardian.com/ are good too.
I would use the both.
I would split my bulk bitcoin in several paper wallets and some brain wallet.
I found a video walkthrough of making a Paper Wallet on YouTube here: http://youtu.be/wfMHsLXx_qM
The safest and simplest solution is to simply get an accout at The Bank of Bitcoin thebankofbitcoin.com and store them in "Paper Vaults." They are essentially the same as a paper wallet, but they are super-easy to create and the bank's Paper Vault interface makes it easy to spend directly from your Paper Vault from any internet connected device. It's the only service I use
Anyone interested in knowing more about wallet security should check out this thread:
https://bitcointalksearch.org/topic/howto-create-a-100-secure-wallet-17240
~richgene
https://bitcointalksearch.org/topic/howto-create-a-100-secure-wallet-17240
~richgene
Backups. So many backups.
Paper wallet...no debate
Quote
Safest storage for bitcoins?
Make a tattoo of your private key on your penis, and tattoo of blockchain on your ass. All of us will be safe.
that's funny but it won't work for us gals
Write down each character of your private key on a sticky note and place them around your house. Create puzzles and clues to help you put them in the right order.
So you're suggesting that we split our coins? Have one private key that is only offline (presumably backed up physically in at least two secure locations) that we store the bulk of our bitcoins there? And then have another private key that does reside on our computer (along with a print-out backup) where we store any balance that we want to trade with or actually buy things with?
YES! Exactly correct!
Very helpful, thanks much!
So you're suggesting that we split our coins? Have one private key that is only offline (presumably backed up physically in at least two secure locations) that we store the bulk of our bitcoins there? And then have another private key that does reside on our computer (along with a print-out backup) where we store any balance that we want to trade with or actually buy things with?
YES! Exactly correct!
Since this is a noob thread let me reinforce this one very important concept.
Transfer the coins you want to store into a NEW address. Then print out the private key to that new address and store it ONLY offline. Delete it COMPLETELY from your online.
If anyone suspect has ever had access to a particular private key (wallet), never again consider it safe. Move the coins to a new address to be sure.
Don't presume that having an offline backup means your coins are safe. That only keeps them safe from your system crashing. That doesn't keep your coins safe from hackers, viruses, trojans, etc.
If you want to keep some coins safe and some available for purchases or trading make sure you have them at different addresses. Keep one private key ONLY OFFLINE. Keep the other on your computer but print out a backup copy ALSO.
Transfer the coins you want to store into a NEW address. Then print out the private key to that new address and store it ONLY offline. Delete it COMPLETELY from your online.
If anyone suspect has ever had access to a particular private key (wallet), never again consider it safe. Move the coins to a new address to be sure.
Don't presume that having an offline backup means your coins are safe. That only keeps them safe from your system crashing. That doesn't keep your coins safe from hackers, viruses, trojans, etc.
If you want to keep some coins safe and some available for purchases or trading make sure you have them at different addresses. Keep one private key ONLY OFFLINE. Keep the other on your computer but print out a backup copy ALSO.
Thanks!
So you're suggesting that we split our coins? Have one private key that is only offline (presumably backed up physically in at least two secure locations) that we store the bulk of our bitcoins there? And then have another private key that does reside on our computer (along with a print-out backup) where we store any balance that we want to trade with or actually buy things with?
Paper wallet or cold storage on some USB.
Since this is a noob thread let me reinforce this one very important concept.
Transfer the coins you want to store into a NEW address. Then print out the private key to that new address and store it ONLY offline. Delete it COMPLETELY from your online computer. If anyone suspect has ever had access to a particular private key (wallet), never again consider it safe. Move the coins to a new address to be sure.
Don't presume that having an offline backup means your coins are safe. That only keeps them safe from your system crashing. That doesn't keep your coins safe from theft, hackers, viruses, trojans, etc.
If you want to keep some coins safe and some available for purchases or trading make sure you have them at different addresses. Keep one private key ONLY OFFLINE. Keep the other on your computer but print out a backup copy ALSO.
Transfer the coins you want to store into a NEW address. Then print out the private key to that new address and store it ONLY offline. Delete it COMPLETELY from your online computer. If anyone suspect has ever had access to a particular private key (wallet), never again consider it safe. Move the coins to a new address to be sure.
Don't presume that having an offline backup means your coins are safe. That only keeps them safe from your system crashing. That doesn't keep your coins safe from theft, hackers, viruses, trojans, etc.
If you want to keep some coins safe and some available for purchases or trading make sure you have them at different addresses. Keep one private key ONLY OFFLINE. Keep the other on your computer but print out a backup copy ALSO.
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