Safest way to keep bitcoins? - page 65.

lighpulsar07

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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!

Get a paper wallet and send your bitcoins to your paper wallet address and save your private key in safe place because if you lose it you will no longer access the paper wallet. Or download bitcoin core to your pc but you will have to download the whole blockchain it think it's over 100gb.

Weatherby

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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!

The safest way is to keep you coins where you have full control over your coins,which means you have the private keys to your coins,the rest are just ways to store your coins for the mean time and the risks involved are many as anything could happen,but if you could save guard your private keys then it is the best way to save your asset.

sasaku bitbit

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Quote from: pecson134 on June 14, 2017, 10:13:18 AM

Quote from: aso118 on June 14, 2017, 10:01:14 AM

Quote from: crazyivan on June 14, 2017, 01:34:43 AM

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.

in my opinion it should save the safest storage way to bitcoin wallet blockchain in advance because I desperately believe against them for now if I need the money living selling bitcoin is there in my wallet may be that way for me the safest while waiting and holding an increasingly high price bitcoin price when it's not until I get the big advantage

el kaka22

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Quote from: David Horton on June 14, 2017, 10:08:00 AM

Offline wallet, but only if you won't be using your Bitcoins on a daily basis

Actually keeping bitcoins offline is not that hard and slow as people might be thinking. A lot of people say that spending bitcoins should be kept in online wallets but actually offline wallets are same too they just need to be kept synchronizing since that is the basic thing. I don't think you can be hacked with offline wallets unless you have some malwares in your computer.

Superzpay

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For storing Bitcoin in the safest place there is only one option in the my mind that is to store them in my desktop wallet. I have heard that from one of my friend and after that I'm using only that wallet if I have to tour amount of Bitcoin.

richardsNY

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Quote from: BitcoinsGreat on June 14, 2017, 12:59:25 PM

Software wallet, the wallet.dat and other files backed up on USB, the textual info, like username and passphrases written into a text file, not saved and a smartphone takes a picture of that text file that is then deleted without ever saving the data.

USB drives can corrupt or just stop working entirely -- for that reason they are not meant to be used as your main way of storing your coins. In order to grant yourself access to your coins basically for ever, it's utterly important to have your private keys printed on a piece of paper, or have it engraved on a piece of metal for extra durability.

Monnt

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Quote from: Vaslime on June 14, 2017, 12:17:56 PM

Quote from: crazyivan on June 14, 2017, 01:34:43 AM

COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.

i agree cold storage cannot be hack and also you can retrieve it when you lost your cold wallet as long as you have the private key and there is one thing you can count on to is the paper wallet meaning you will right it down your private key on a piece of paper and keep it on the safe place that would be the safest thing you will do.

Cold storage wallets are safest way of keeping bitcoins, yeah but you cannot just use them if you are spending bitcoins on daily basis. I am personally in a shock after I heard that erika's wallet was hacked because she was a quite careful girl and there is no way I would believe she can be hacked.

I sometimes wonder is the blockchain.info wallet playing around with us and taking away our coins ?

BitcoinsGreat

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Software wallet, the wallet.dat and other files backed up on USB, the textual info, like username and passphrases written into a text file, not saved and a smartphone takes a picture of that text file that is then deleted without ever saving the data.

foxbat

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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!

For bitcoin, not too hard to we can keep safe for your money. You only need to store the wallet of your hardware along with key personal. It is absolutely safe. Besides, a number of people use the web wallet, they should turn on the security 2FA, However, it's not really safe, best you should use for hardware.

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Quote from: crazyivan on June 14, 2017, 01:34:43 AM

COLD STORAGE! COLD STORAGE! COLD STORAGE! An offline wallet cannot be accessed and consequently hacked.

i agree cold storage cannot be hack and also you can retrieve it when you lost your cold wallet as long as you have the private key and there is one thing you can count on to is the paper wallet meaning you will right it down your private key on a piece of paper and keep it on the safe place that would be the safest thing you will do.

Kotone

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Quote from: KesoNie on June 14, 2017, 02:36:11 AM

The best way could be, if you are using an online wallet you must put some securities on it. And in my online wallet there will be a security option that you may use a two factor authentication that uses a google authenticator. It will be a good security for you.

Yes. I have been try it before. It almost someone will hack my account, but he doesnt success because it has a two factor authentication, the hacker has been failed to hack my account. Money is a root of evil. There will be always a somebody who will never care for the sake of everyone and they will do everything just to steal our money they will not put an effort and hardwork they just want to earn easily.

ICOBank

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I came to the conclusion its the best for me to devide it! Small amount on some exchanges! Bigger ammounts on online wallets or pc wallets with 2fa! And a big ammount in cold storage! Because what if you are so stupid to loose or break your cold storage.
Also devide some under your close family like brothers and sisters or if you have high tech parrents!
Oh yeah and lets also be honoust! Lets keep some cash on the bank or in real estate!

Like this you won't regret to much in the future!

pecson134

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Quote from: aso118 on June 14, 2017, 10:01:14 AM

Quote from: crazyivan on June 14, 2017, 01:34:43 AM

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.

Kprawn

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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

David Horton

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Offline wallet, but only if you won't be using your Bitcoins on a daily basis

aso118

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Quote from: crazyivan on June 14, 2017, 01:34:43 AM

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.

wallstone

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Quote from: pooya87 on June 14, 2017, 12:41:25 AM

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

~
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!

it is not exactly communicating with the blockchain. blockchain is just a series of blocks which are holding all the transactions that were ever created. and these transactions are a transfer of value between keys.
you hold a key and with that key you check the whole blockchain to see which transactions were sent to your key (belong to you) and spend any of them that you want by creating a mathematical proof that they have come from you and transfer the value to another key.

you can read the paper: https://bitcoin.org/en/bitcoin-paper
and this article which explains things better than i can Roll Eyes

http://www.coindesk.com/information/how-do-bitcoin-transactions-work/

I would keep in online wallet that I can store my bitcoin safe and secure. Cold storage will help you to keep your bitcoin safe and no one will try to stealth it.Cold storage is important for anyone with bitcoin holdings and to all bitcoin users. There are many hacker in the world and some of them will try to hack your bitcoin so if you want to keep your bitcoin safe and secure do the cold storage that you can a sure no one will try to hack it.

Wipro

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Quote from: TrumpD on June 14, 2017, 04:23:37 AM

You can keep control of your coins with bip 38 paper or cold storage wallet. Be sure to use a strong passphrase. You can generate a paper wallet here: bitcoinpaperwallet.com - you can generate it offline and print it for safe keeping. Make a backup - It could be encrypted and saved online somewhere or another printed copy of the paper wallet.

You can use xapo cold storage or normal bitcoin wallet which gives you two factor authentication to a access your wallet in website and password options separately only for cold storage.
Or simply you can use the desktop wallet or online wallet, all would be safe. I suggest to try the Multibit or Bitcoincore to have the best experience.

TrumpD

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You can keep control of your coins with bip 38 paper or cold storage wallet. Be sure to use a strong passphrase. You can generate a paper wallet here: bitcoinpaperwallet.com - you can generate it offline and print it for safe keeping. Make a backup - It could be encrypted and saved online somewhere or another printed copy of the paper wallet.

budi691

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Quote from: ICOBank on June 13, 2017, 11:29:33 PM

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?

Maybe, this is my opinion, you do not save according to existing rules, if you follow according to existing rules, may not be lost the coin

Topic: Safest way to keep bitcoins? - page 65. (Read 18439 times)