Safest way to keep bitcoins? - page 63.

Baby Dragon

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Quote from: ICOBank on June 14, 2017, 12:24:30 AM

So if i put the Ledger in my computer and with the wallet on my pc i sent it to the wallet on the Ledger usb then they the coins are gone from my computer and stored on the usb?

the coin or bitcoin is not a physical thing like fiat to transfer from one place to another.
a bitcoin wallet is a place to keep they keys. these keys are used to spend bitcoin, bitcoin which exists in form of transaction outputs stored on the blockchain and blockchain is held by every person around the world who is running a full node client.

so in short you keep the keys on Ledger or paper wallet, etc and then use that key for spending which is known as creating a transaction and signing it.

(i hope i didn't make it more confusing)
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I think i get it! I get the part that its not a physical thing! But thoose keys represent an amount of bitcoins right? Or at least they communicate with the blockchain to show how much bitcoins there are on those keys!
[/quote]
Actually, there are many ways to keep bitcoin safe. Some people store their bitcoin in online wallet to keep it safe and secure to no one will try to stealth it. Furthermore, there are still people who use the cold storage because they know it’s the best to keep their bitcoin safe and secure. However, the way to keep your bitcoin is store it in online wallet.

madwica

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Quote from: ?? on ??

Is there a way. No place is 100% safe. So far we have hackers

Also we do not own our wallet even we have a private key because they are the one who own the system that is why you are correct that there is no 100% safe to keep our bitcoin.

btccashacc

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Quote from: Kidmat on June 14, 2017, 09:26:36 PM

Im into bitcoin since 2016 and I keep it in blokchain and coinbase apps which 2fa installed. I feel secured were my funds is stored in that wallet. So until now Im using this wallet apps and so far Ive got no encountered problem.

If you have a lot of bitcoins out there I highly recommend you to withdraw your funds out there, any centralized wallet like coinbase is not a good choice for storing your Bitcoin since they can freeze or lock your money, simply you don't have control over your money. Blockchain might be good for storing spendable amount, for huge amount, you should using desktop wallet like electrum.

Quote from: hinatashoyou on June 16, 2017, 04:14:34 PM

The safest way to store bitcoins is to periodically change the password, maybe once a week or once a month, depending on your needs, and make sure your computer is free from viruses. Do not ever use the same password if you use a lot of wallet, social media, or other account, 2FA is also important to make our wallet or account safe

I'm afraid to change my password since if i lost my password it means that i don't have access to my coins and there is no way to recover it unless you have backup of your private key, instead of changing the password why not to enabled 2FA feature it is safer.

Bitdev iL

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Safest way is not to use bitcoin and real work. There is no safe way if you use bitcoin, the price may rise or fall on earth. If you do not dare to risk do not use, save or earn bitcoin, just open shop or work in office

djgtr

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For me the safest ways to store your bitcoin is using an offline wallet which can be free of web network intuders while you store it's amount. That is the best option to do and because of that certain ways of keeping bitcoin safe, there will be no possibilities of hackers to attack your wallet due to connections to web is not present. I also have a personal plans to use an offline wallet aside from the on I am using right now and I can see a bigger advantages of this compared from the one I am using right now.

n691309

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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!

Does your bitcoin amount is valued more than some hundreds of dollars or less, it that is more then I would suggest and highly recommend a hardware wallet. Few of the best bitcoin hardware wallets are Ledger, Trezor and Keepkey. Some of them are expensive some of them cost few tens of dollars, depending on your needs and your security needs you can choose any of them. All of them can be used as hot and cold wallet at the same time.

MingLee

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Quote from: ozaeri on June 16, 2017, 05:19:00 PM

For the average user a hardware wallet is the best combination of safety and useability. For someone with a little more technical knowhow creating and storing wallets on a fully offline and encrypted usb with multiple copies is the safest bet.

That's assuming that you're referencing a user that is able to store the synced blockchain.
For most people they would be able to do just fine as long as they had an online wallet with 2FA and they weren't retarded when it comes to technical literacy. If they can manage to do something like that, then most of their needs will be covered and they'll experience no issues.
For any large amount an encrypted wallet would definitely be one of the best bets.

Skarner21

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Massive price drop coming...

Quote from: FasTroy on June 16, 2017, 05:07:29 PM

Quote from: pixie85 on June 16, 2017, 04:25:14 PM

The safest way ever is set up an offline computer with linux, install a wallet downloaded on another pc and make a new address while being offline. Send your coins from all your wallets/addresses to that offline wallet, create a backup copy and store them on a USB drive and boom! You've got yourself a perfectly safe offline storage with a backup in case the computer got damaged or stolen.

Yes, I agree with you mate, This method is perfect when we talk about keeping our bitcoin safe from anything bad like stolen.
Personally, I use a web wallet and i feel secure too. But i think offline wallet are more secure because you save your bitcoin with yourself, but in web wallets you should to put your money at peoples hands.

Saving your backup in usb drive its really not safe if you know usb can be damage if we are not use for a long time.. so if our pc was damaged and usb drive also damage because your not using it for a long time. your bitcoin will turn into dust and gone..
For me right now there are a new devices where we can hold our bitcoin for a long time offline.
If you heard about trezor wallet its more safe wallet for me .. and ledger nano s if you are holding other altcoin and bitcoin..
Those wallet for me is more safety than installing long process to setup before you can have your wallet..

ozaeri

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For the average user a hardware wallet is the best combination of safety and useability. For someone with a little more technical knowhow creating and storing wallets on a fully offline and encrypted usb with multiple copies is the safest bet.

hubballi

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I use Electrum windows desktop wallet with standard feature and really happy with it as i just have to remember the passphrase to reinstall my wallet any where and it is very light , no need to sync it .

FasTroy

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Quote from: pixie85 on June 16, 2017, 04:25:14 PM

The safest way ever is set up an offline computer with linux, install a wallet downloaded on another pc and make a new address while being offline. Send your coins from all your wallets/addresses to that offline wallet, create a backup copy and store them on a USB drive and boom! You've got yourself a perfectly safe offline storage with a backup in case the computer got damaged or stolen.

Yes, I agree with you mate, This method is perfect when we talk about keeping our bitcoin safe from anything bad like stolen.
Personally, I use a web wallet and i feel secure too. But i think offline wallet are more secure because you save your bitcoin with yourself, but in web wallets you should to put your money at peoples hands.

ohlawdy

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Quote from: pixie85 on June 16, 2017, 04:25:14 PM

The safest way ever is set up an offline computer with linux, install a wallet downloaded on another pc and make a new address while being offline. Send your coins from all your wallets/addresses to that offline wallet, create a backup copy and store them on a USB drive and boom! You've got yourself a perfectly safe offline storage with a backup in case the computer got damaged or stolen.

This is what i do , then some change in a wallet i use often.

pixie85

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The safest way ever is set up an offline computer with linux, install a wallet downloaded on another pc and make a new address while being offline. Send your coins from all your wallets/addresses to that offline wallet, create a backup copy and store them on a USB drive and boom! You've got yourself a perfectly safe offline storage with a backup in case the computer got damaged or stolen.

hinatashoyou

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The safest way to store bitcoins is to periodically change the password, maybe once a week or once a month, depending on your needs, and make sure your computer is free from viruses. Do not ever use the same password if you use a lot of wallet, social media, or other account, 2FA is also important to make our wallet or account safe

The_prodigy

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Quote from: clickerz on June 15, 2017, 01:39:05 AM

For me, it is safe in standalone wallet where you can save your private keys. There is no safe place to store it digitally but it depends on how to handle your important data. You can print and store your private keys in your safety deposit box if you have.

yes i think it too, i more likely touse a wallet that offers a private key, why? because it is hard for hackers to use it, because only qualified user can put that wallet because it is only be sent to a user and it will keep on where ever they want, i more likely to use a wallet that have a 2FA generator too, it is very hard for hackers to hack when you have a code generator.

SONG GEET

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You can make one paper wallet or buy trezor (hardware wallet). I am using paper wallet which I have created from bitaddress.org (using their source code) in offline mode so that there will be no trace of my wallet details anywhere online. I think this is the safest and cheapest way to store your bitcoins, I have never lost any satoshi out of it.

Xenrise

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The safest way in keeping bitcoins is to withdraw it and store it in your bank account that's the best thing to do for me if I will store my bitcoins in the safest way as possible. First you need to make it on your country's currency. And now open a bank account for you for your investments, gamblings and such. Well keeping bitcoins in your wallet is not safe to the fullest I think because in some cases or reviews the owner kept $1000 in his wallet but the company of that wallet stole the money and banned his account for no reason. So make sure to open a bank account for yourself.

Lalafell

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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

Precisely, as of now there are lot of ways to keep your bitcoin safe. Some bitcoin users use online wallet to keep their bitcoin safely and secure because they know that no one will try to stealth it. However, there are some people still use the cold storage or hardware wallet. Furthermore, I think the best way to keep your bitcoin safe is to store it in online wallet.

ornabldo

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The safest way would surely be a paper wallet, kept in multiple copies in safes and the like, that would be the safest method IMO, Another good way is a hardware wallet and keeping your coins protected.
Using a web wallet isn't the safest but something like blockchain and others which allow your access to your coins is acceptable IMO since the open-source code doesn't allow them access to your btc's and keys.

Lorence.xD

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In able to keep your bitcoin safe I can recommend the poloniex.Poloniex is an online money trading you can invest your bitcoin at poloniex and by that your money can grow faster.In my experience my invested money was already thrice to my investment.

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