Safest way to keep bitcoins? - page 66.

KesoNie

copper member

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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 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.

Amph

legendary

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you have two option, one is to have a dedicated computer like a laptop to your bitcoin client, and this laptop would only run bitcoin and nothing else, no browsing no anything

another one is simply to use a trezor or a usb stick and hold there your wallet.dat, in offlien mode, no hacking is possible in this way

jualidbitmixer

sr. member

Activity: 532

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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!

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.

owengtam09

full member

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Quote from: L00n3y on June 14, 2017, 01:47:30 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.

Well said. The only problem here is how will you keep your cold storage safe. Well of course we all know that we can use flashdrives or hdd well we can best use ssd to have a longer life (approximately 80 years when stored in the perfect place). Paper money too is risky because it's easier to rot through time (ants, insects might ruin it). Well if you have the money then engrave it on gold but use it when you have a multi-million amount of BTC and you decided to really make it as a trasure of life that you can pass to new generations. Because we have not much transparency in the security and assurance of online wallets. BTC stored online is at risk.

How to put our bitcoin in flash drives? Can you tell me what will I do to do that so I can have a safer wallet. I want to know since I am still newbie and I want to learn a lot more here in campaign.

L00n3y

sr. member

Activity: 490

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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.

Well said. The only problem here is how will you keep your cold storage safe. Well of course we all know that we can use flashdrives or hdd well we can best use ssd to have a longer life (approximately 80 years when stored in the perfect place). Paper money too is risky because it's easier to rot through time (ants, insects might ruin it). Well if you have the money then engrave it on gold but use it when you have a multi-million amount of BTC and you decided to really make it as a trasure of life that you can pass to new generations. Because we have not much transparency in the security and assurance of online wallets. BTC stored online is at risk.

crazyivan

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

mostkey

sr. member

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Quote from: Wowcoin on June 14, 2017, 12:02:56 AM

I think you need to secured all your bitcoin wallet that is the best thing you can do. Stored in a secret your seed or note it and get a 2FA for a safest way. My bitcoin stored in blockchain and xapo. I think they are secured.

I agree with you, 2fa security is the most powerful way to keep and secure our bitcoin pieces, because by using 2fa only 2fa code holders can open and conduct transactions in our wallet, 2fa is a high level security that is not in doubt its security

pooya87

legendary

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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/

ICOBank

newbie

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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?
[/quote]

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)
[/quote]

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!

DOGE12321

sr. member

Activity: 378

Merit: 250

Cold storage is probably the safest way. I suggest that you use a hardware wallet. You can buy them in the marketplace. Examples of some are Trezor or the Ledger nano. I myself own the Ledger nano. I would definitely recommend it to you. It is perhaps, the safest method... if you are careful when handling it. If you lose the hardware wallet or break it, then... your Bitcoin is most likely lost.

Wowcoin

hero member

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I think you need to secured all your bitcoin wallet that is the best thing you can do. Stored in a secret your seed or note it and get a 2FA for a safest way. My bitcoin stored in blockchain and xapo. I think they are secured.

pooya87

legendary

Activity: 3472

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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?

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)

ICOBank

newbie

Activity: 91

Merit: 0

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?

pooya87

legendary

Activity: 3472

Merit: 10611

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

ICOBank

newbie

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What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

Topic: Safest way to keep bitcoins? - page 66. (Read 18442 times)