The safest way to save bitcoin is to have my own wallet on my computer is better.
Topic: Safest way to keep bitcoins? - page 62. (Read 18439 times)
maybe to keep your bitcoin in safe you need to take one or three wallet address and dont put your coin in one address. .beacause hacker is more way to bypass your account...
That is still not safe because you stand a chance of forgetting your password, what will be safe is to get a wallet where you can use your private keys like electrum or even the Bitcoin core wallets and have your private keys printed on a sheet and save another copy on a flash drive and have them deposited in two different banks.
maybe to keep your bitcoin in safe you need to take one or three wallet address and dont put your coin in one address. .beacause hacker is more way to bypass your account...
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
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... 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
Ledger nano base is not safe in keylogger unlike trezor wallet so if you want to keep your bitcoin safe from keylogger and virus you should choose trezor.
Ledger nano also good but looks like they can prevent the keylogger so better to use ledger nano if you are saving altcoin and bitcoin and if the computer has anti virus or if you are using mac apple os..
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
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... 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
Regarding a hardware wallet like the Trezor, isn't there a risk when plugging it into your computer via USB? If your computer has a virus, keylogger or some other type of vulnerability you're not aware of isn't using something like a hardware wallet a moot point? Your keys are only safe while they're offline. As soon as you plug into an infected computer your hardware wallet loses all of its security benefits no?
Much better to read more here to know that bitcoin hardware wallet are immune in any viruses keyloggers or any vulnerability that affects your bitcoin wallet.. https://en.bitcoin.it/wiki/Hardware_walletOne of the best choice is trezor that has pin to prevent keylogging.
We have many different wallet that actually our bitcoin are safe from any viruses.. so its still worth it..
The safest way to store bitcoin is somewhere where its presence is unknown to many people or personal wallets,The wallet must have special security by using a secret password that is not easily known even only us who know the password and only we can open the wallet.
And the bitcoin wallet is a cool storage so as not to be easily disturbed or in use
And the bitcoin wallet is a cool storage so as not to be easily disturbed or in use
Regarding a hardware wallet like the Trezor, isn't there a risk when plugging it into your computer via USB? If your computer has a virus, keylogger or some other type of vulnerability you're not aware of isn't using something like a hardware wallet a moot point? Your keys are only safe while they're offline. As soon as you plug into an infected computer your hardware wallet loses all of its security benefits no?
safest way to keep bitcoins is using the coin base wallet with a highly protected password and some security step.
I think the best way or safes way to keep our bitcoins is to just buy hardware wallet like trezor which is already supported BIP148 and just deposit your bitcoins there and hold it for long term and there is nothing to be worried about because they got reputation and also security features that is not easily to bypassed and a lot of big companies are trusting trezor already since then.
In case of a chain split in Bitcoin, make sure that you have your private keys.
We should store our bitcoin in a hardwallet, exodus, jaxx, or those open source wallets that gives us control over our own private keys before August 1, 2017.
If we don't control our private keys during a chain split there are three main things that will happen:
*Our bitcoin balance will stay the same and we will be able to use our bitcoin as usual.
*If our wallet provider chose the wrong chain, then our bitcoin balance will become zero.
*Our wallet provider might give us a chance to keep our bitcoin balance on both chains or choose one of them.
But if we have control over our own private keys then we will have same balance on both chains, effectively increasing our total bitcoin balance. However, there is a big chance that bitcoin will lose its value.
We should store our bitcoin in a hardwallet, exodus, jaxx, or those open source wallets that gives us control over our own private keys before August 1, 2017.
If we don't control our private keys during a chain split there are three main things that will happen:
*Our bitcoin balance will stay the same and we will be able to use our bitcoin as usual.
*If our wallet provider chose the wrong chain, then our bitcoin balance will become zero.
*Our wallet provider might give us a chance to keep our bitcoin balance on both chains or choose one of them.
But if we have control over our own private keys then we will have same balance on both chains, effectively increasing our total bitcoin balance. However, there is a big chance that bitcoin will lose its value.
What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
Taken dangers like hacking, losing in to account!
If you are using web wallet, make your password hard and also have more security like 2FA. If you are using cold wallet, don't download and click on something suspicious because it might contain a virus and also always clean your pc to prevent virus or something bad that can hack your wallet.
Exactly web wallet is the good way to keep your bitcoin safe but you must be careful on choosing the trusted wallet. Cold wallet is risky if you are not careful on the things that you have click and open. Because its east to hack your wallet and you cant get it back so its better to used web wallet than cold wallet.
The safest way to keep bitcoin is in your computer itself encrypted with a password and keeping it in a secure offline computer except when conducting transactions, The risk of having been tricked by a wallet and it going down is higher, we already seen about 5-6 wallets doing that from a long while.
In my own way and in mty knowledge I tend to use some bitcoin wallet and some of it were a scam.But I use wallet for safetey,my wallet is BTC wallet in which you can withraw your btc and some are using other wallet.But it is safe and saftest way to keep BTC
What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
Taken dangers like hacking, losing in to account!
In fact, there are many way to keep your bitcoin safe. Furthermore,some people use the online wallet to keep it secure because it has a private key that you only one who know it. However,there are still people use the cold storage also called hardware wallet and it is offline wallet that you need to install in your computer.
COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.
I agree that cold storage is the best way. For newbies, electrum could be the best option.
You can store your coins in cold storage and all you have to do is save the seed in a safe place.
This is the one I also prefer for storing in offline to avoid hacking and can be only access through personal ways. Though I want these offline wallets I still prefer the online one but I'm not stacking too much bitcoins because I use them as paying some things or transaction I had made. It had an easy access though it is vulnerable to hacking if using online.
Actually the best way to keep bitcoins is a wallet that has 2 factor authentication enabled in so that you can'e be hacked unless someone accesses your mobile. And if someone has your mobile then well, better you don't keep any hope of being anonymous and safe.
What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
The best way is to give yourself enough necessary knowledge about internet. There is no place to keep bitcoin safe, which also has its drawbacks. And the attack is inevitable. Taken dangers like hacking, losing in to account!
The safest way is i think knowing what kind of techniques to the hacker uses to hack your account because no matter how secured or how sophisticated your software is you will be always be a victim to hacking if you yourself idiotically fall for their trap. Educating the yourself first on how to protect yourself in the internet should you must very learn. Sometimes no matter how encrypted your wallet or even you use a paper wallet it can also be hack if the attacker is inside your network. For me, i dont have to install any software in my computer like paper wallet or hardware wallet as long as i have knowledge its fine.
Is there a way. No place is 100% safe. So far we have hackers
You are right, there are no safe ways to put bitcoins. Saving bitcoins on online wallet can be hacked that is risk also saving bitcoins on offline wallet can be losing the private key and hardisk,
so never put bitcoins on one kinds of wallet due to always there are risk losing bitcoins on online or offline wallet.
The other people said never put the eggs on one basket.
What is the safest way to keep bitcoins.
Taken dangers like hacking, losing in to account!
Taken dangers like hacking, losing in to account!
Many people will say "make a paper wallet". In my opinion this isn't true. Paper wallets is able to get destroyed easily by natural disasters such as a fire, flood, and all that. Laminating it doesn't protect it from fire either, even though it might add a bit more water proofability.
I suggest what you do is, have a hardware wallet such as trezor or ledger. These might sound really expensive but they really aren't for the ease of access + security that they provide. Back up your recovery seed/encrypted private keys. Write it down first, and store it at your house. Then buy a cryptosteel which is extraodinarily secure and completely offline, and store it elsewhere. That way you have virtually 0 risk of losing btc.
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