Topic: Safest Wallet? (Read 1091 times)
Paper wallet, electrum and back that up to every storage devices you own. Yes even you mum's usb drive.
I use Electrum and restore it each time I run it. Just copy the seed down in a safe place.
also heard things about the paper wallets. I've always been too cautious to store much on LBC or blockchain as I've heard people losing funds.
also heard things about the paper wallets. I've always been too cautious to store much on LBC or blockchain as I've heard people losing funds.
external usb wallet that is encrypted is quite safe its what i use
Safest wallet is still a cold storage a hard drive not connected to the internet
Until your Hard Disk not die. 
I like the idea of having the wallet on my computer hard drive so that I'm in total control of it. When it's an online wallet my feeling is that something can always go wrong because it's out of your control, no matter how safe the online company says it is.
I use blockchain.info at the moment, and would like to find a more secure wallet too.
Currently I am looking at Electrum. It may not be the safest, but I like the fact that I don't need to download the blockchain. It is useful for me as a long term storage, and can access funds quickly when needed to.
Currently I am looking at Electrum. It may not be the safest, but I like the fact that I don't need to download the blockchain. It is useful for me as a long term storage, and can access funds quickly when needed to.
I would zip the wallet files and use password in the zip file to protect it.
I store the files on my old laptop, it only have windows and the wallet. (and anti virus/spyware)
I recommend you to do the same.
I store the files on my old laptop, it only have windows and the wallet. (and anti virus/spyware)
I recommend you to do the same.
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Wallets are only as safe as you are. Offline wallets are the safest, but Blockchain.info is also pretty reliable. Just set up 2 factor auth and put a second password on to spend funds and you should be safe. Use linux too.
How to do that with Electrum and Armory ?
online wallets are never good! use only offline ones
You could have a wallet on a computer you never connect to the internet.
Sign the transaction on that offline PC and then send the signed message using a different PC.
You can do this with Electrum and Armory.
online wallets are never good! use only offline ones
blockchain is good!
online wallets are never good! use only offline ones
Safest wallet imo = BIP38 Encrypted Paper Wallet
https://www.bitaddress.org
https://www.bitaddress.org
Can anyone comment on coinbase as wallet?
Heard some not so great rumors.
Heard some not so great rumors.
Coinbase bitcoin storage is not a "Wallet". It is an unregulated, uninsured, unaudited, bitcoin bank account.
A wallet provides you with control of the private keys associated with the addresses. This control allows you to backup your private keys, and therefore create transactions even if the original wallet is lost, seized, or eliminated.
Unless they've changed their business model since the last time I looked, Coinbase does not give you any access to the private keys associated with any of the bitcoin addresses on the website.
Unless I am actively trading that particular currency, I keep all of my coins locally on a dedicated machine with an offline backup. I've heard too many stories of people using online wallets with companies that simply poof overnight.
Can anyone comment on coinbase as wallet?
Heard some not so great rumors.
Heard some not so great rumors.
It is never safe to use somebody else's wallet. If you store your bitcoins in (for example) Coinbase's wallet, you will lose them if it is hacked, or if the site goes down, or if they spend them. This happens several times a year, yet people never learn.
Co-ask!
Can anyone comment on coinbase as wallet?
Heard some not so great rumors.
Heard some not so great rumors.
blockchain is good!
online wallets are a bad idea except for temporary storage
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