Safest way to keep bitcoins? - page 58.

Sarah08

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Quote from: ICOBank on June 13, 2017, 10:51:36 PM

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

To make it more secured than the other wallet just put your bitcoin in a hardware wallet obviously no one could access your bitcoin from the internet means you are not vulnerable to hacking.it can only be access by thethe one who have a hardware so your theemotions one who can only access it just make a good care in that hardware.

Lampaster

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I recommend not to store bitcoins in online wallets. If you use bitcoin for long term storage you need to store your coins in different wallets in small amounts. Remember the smaller the amount in your wallet the less attractive your wallet to thieves.

Aur3

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Embrace change

Quote from: Kprawn on June 14, 2017, 10:08:06 AM

It depends on how you want to use your coins. If you bought it as an investment to hoard "long-term" I would go for cold storage. {paper wallets}

,but if you want to regularly use these coins... I would suggest that you buy a hardware wallet. {Trezor} I would avoid the online wallets and services where you do not have the ownership of the private key. {also exchanges used as a wallet} Roll Eyes

Great idea! I never thought of this.

Hui8

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Quote from: ICOBank on June 13, 2017, 10:51:36 PM

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

Just save it in the electrum. There are pretty good steps to secure your wallet. You can open up wallet by having Private key. Then the wallet will ask you to save a password for that wallet. In addition to this you will also have password for main wallet app itself. It would be hard to crack such wallet.

SvenBomvolen

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Quote from: pooya87 on June 13, 2017, 11:07:51 PM

only a properly created cold storage or a trusted hardware wallet.
you can search for some hardware wallets if you are not tech savvy or don't want to bother learning how tos and if you are willing to pay. things such as Trezor or Ledger nano would work.

or you can learn more about cold storage and do it yourself easily. like creating a paper wallet with tools such as https://github.com/pointbiz/bitaddress.org or make a Trezor like cold storage on your USB disk yourself

https://en.bitcoin.it/wiki/Cold_storage

Paper wallet is admitted as the safest one, but it is also can't give you 100% protection. There was a story on the forum how one British guy lost all coins in the fire, his paper wallet just get burned together with the house.

batang_bitcoin

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Quote from: davids on July 28, 2017, 11:13:07 PM

If you want to avoid hacking you can use wallet hardware like trezor. If you want to use it anywhere and anytime better use online wallet. Online wallet provides security by using private key, so no one can access it except you

Though it will cost some bucks but this is one of the best way to keep safe your bitcoins. But you can just use seeds from electrum and just write it on a paper wallet for recovery or whatever happens to your desktop/laptop. Also if you have some spare laptop, you can use it as your personal wallet with desktop wallets.

davids

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If you want to avoid hacking you can use wallet hardware like trezor. If you want to use it anywhere and anytime better use online wallet. Online wallet provides security by using private key, so no one can access it except you

mostkey

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Quote from: sapnu on July 28, 2017, 10:29:40 PM

For me. You need to secure all your password especually in your wallet. If youre using web wallet you should keep you private keys to prevent it from hackers. You should regularly change your passwords with strong password. You should not use your personal information as a password. Hackers can easily access that.

When we save money in the exchange, it does not rule out that your bitcoin will disappear, because I've heard stories about hacked exchange, so it is better for us to secure the bitcoin in the wallet wallet that has security private keys

longpro098

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Do not use the same password if you use multiple wallets, social media, or other accounts, 2FA is also very important to make our wallet or secure account.
The user name and passphrase are written to a text file, not saved, and the smartphone takes a picture of the text file and then deletes it without saving the data.

Powerman001

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Quote from: mongkie on July 23, 2017, 09:13:32 PM

i think the safest way to store your bitcoin is on exchanges and have your profile to be authenticated by two factors. i think that would lessen the instance of hacking because it is two factor authentication.

Yes, maybe it could be one of the safest ways to save bitcoins from the danger of theft or hacking. But do not you think if storing bitcoin on exchanger will cause you to have limited access to your bitcoin. Because not necessarily exchanger can also be relied upon, you better keep in your wallet that you have private key. Thank you

sapnu

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For me. You need to secure all your password especually in your wallet. If youre using web wallet you should keep you private keys to prevent it from hackers. You should regularly change your passwords with strong password. You should not use your personal information as a password. Hackers can easily access that.

L00n3y

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Quote from: richardsNY on June 21, 2017, 05:14:23 PM

Quote from: Taki on June 18, 2017, 06:36:42 PM

Did you heard the story of a burn building in London? Cause of the fire a guy lost 1000+ BTC which were in his paper wallet. So I would not call a paper wallet as 100% protected after such case. Yes, the possibility that it will happen to you is a little, but...

If you put it that way, then no form of cold storage would help in such situation, unless you have the paper wallets or engraved metals with your keys stored in a safe that can withstand insane temperatures. I am quite up to date with the latest Bitcoin related news, but I haven't heard anything about someone losing 1000 BTC due to the fire in London -- mind sharing an article link?

I think a basement with a blastproof and fireproof vault will do? Haha. Well its really hard to keep a 1000 BTC and sadly he is so unlucky to have a fire in a house. Im hoping that the story is just a myth or else that BTC will be long gone. We should use graphene instead in engraving Bitcoins in plain surface but for the meantime Im using electrum because even big investors is just using electrum. I wonder what august 1 can do to our btc but Im hoping for the best.

Quote from: legera on July 18, 2017, 03:11:59 PM

Hardware wallet for the win! I am loving the Nano S. Easy use, easy backup and just a well designed system.

Im thinking of buying hardware wallet too but I cant decide which one? Im thinking nano or trezor? Which one is better?

mongkie

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i think the safest way to store your bitcoin is on exchanges and have your profile to be authenticated by two factors. i think that would lessen the instance of hacking because it is two factor authentication.

futile-resistance

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Quote from: lucifochrome on July 22, 2017, 02:28:11 AM

Safe way is to follow standard security protocol. Don't believe in sites that seems to offer something in return of your personal information especially if it concerns password. Also change your password regularly, make a lenghty password and the other thing is never show the amount of bitcoin you have.

Smart advices, though! I second your thought. To keep your bitcoins really safe, the best way is to follow the standard security protocol. There are many scam websites which are keeping an eye on your accounts and waiting for you to give them your personal info. Besides this, I agree with you that changing passwords on weekly or monthly basis really help to keep bitcoins safe. It’s wise to jot down passwords and other information on piece of paper as well.

ilovefeetsmell

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Quote from: ICOBank on June 13, 2017, 10:51:36 PM

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

I think all the wallets are safe and secured no matter how smart you are on hacking details. You should have a backup of your security details. Half of your bitcoin must be in fiat cash then the rest are still in bitcoins.

Dimelord

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Quote from: ICOBank on June 13, 2017, 10:51:36 PM

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

I am saving my bitcoins in my electrum wallet in my pc.Till now,i have found no safety issues in using it.A seed is generated while we register and open a new account.It could be used for recovering our account in the future in case of pc damage or if we forget the password.We could set the transaction fee manually.

fathur.aza

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I save the bitcoin trumpet which I believe blockchain and xapo. I think they are secured.
Who uses this too?

boss2

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If you want keep your bitcoin safe then i will recommend you to use blockchain wallet for storing and please enable security settings like 2FA code,block tor request ,email verification etc.It will make your wallet more secure.
thank you.

SamsungBitcoin

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Every bitcoin wallet having security key or private key is safe to store bitcoin, and i only suggest is do not store big amount of money like in the bank because bitcoin is too risky as savings or investment. Just put in your wallet the amount of money that you can afford to lose.

nexttime

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I know that there are many different ways to store bitcoin. For example: storing mobile hard drive and electronic wallet online, but this is not safe. Dependency on online storage has recently made online storage more dangerous and difficult. The safest way is to store it in a storage tank called cold storage. This is a way to store bitcoins in a separate removable drive and store them in the safest places. That's a safe way

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