Topic: Safety of coins - page 2. (Read 486 times)
The bitcoin network has the strong security in the world and every bitcoin's being attacked or stolen was due to human error. With wallet like trezor and ledger you're in good hand but you still need to avoid downloading malicious app or emails.
there are so many wallets in which u can store ur coins but i would recommend u hardware wallet,paper wallet ...and for bitcoins as far as i know blockchain wallet is one of the best in the market to store cryptocurrency.but u should save your personal data like passwords in your mobile phone or tab to avoid risk in case u forget your passwords.
I suggest you to have your fund in the paper wallet or hardware wallet..
I did purchase a ledger nano because I am scared of losing coins. I was initially scared to use, but it is quite easy to manage. You can safely store eth, btc, dash, ltc and I believe more coins will be added eventually. I recommend storing parts of your 20 word backup in different spots.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Protect your computer safely, avoid viruses infiltrate your computer, use anti-virus software that can protect your computer by hackers. And Hardware wallet Paper walle . thanks Thanks
According to me for bitcoin wallet blockchain(dot)com is the best and secure.
It's a web wallet so anything that is in the surface of internet doesn't have an assurance of security but as per mocacinno said if there is/are dev who maintains the whole system properly will make that safe but still don't be confident. I would combine two strategies :
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets. It is important that these paper wallets are created in the most secure method possible, before you store any coins on them. Search for guides on how to create secure paper wallets on this forum, because it has been discussed multiple times on this forum before.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
I'm storing most of my coins on hardware wallet to be specific with nano ledger s. 1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
the safest way is hardware wallet, but it's expensive.
Security isn't expensive if you have more than the price of what you buy, if you find it expensive then shift to paper wallets or if you have an extra laptop install a desktop wallet and use it as real hardware wallet. 
According to me for bitcoin wallet blockchain(dot)com is the best and secure.
Well, if you really HAVE to go for the most unsecure category of wallets (online wallets and exchanges), blockchain is the most secure of the completely unsecure wallets.
Basically, ANY other kind of wallet that is still supported by a decent dev and run on a clean computer is more secure than an online wallet...
According to me for bitcoin wallet blockchain(dot)com is the best and secure.
Golden rule: avoid storing them on an exchange wallet or any wallet for which the private keys are controlled, kept and known by the wallet provider or operator.
The safest wallet is a wallet which allows no external intrusion of any kind. A safe wallet allows you, the wallet owner, and you alone to know, keep and manage the private keys. It's all about the private keys without which a thief can't steal your coins.
And common sense is just as important as the private keys. Don't send coins to anyone or any exchange without knowing what you're doing and who you are sending the coins to. Even if you have the safest wallet, you can lose your coins if you don't think carefully of the consequences of being negligent. Scammers exploit every weakness they see.
The safest wallet is a wallet which allows no external intrusion of any kind. A safe wallet allows you, the wallet owner, and you alone to know, keep and manage the private keys. It's all about the private keys without which a thief can't steal your coins.
And common sense is just as important as the private keys. Don't send coins to anyone or any exchange without knowing what you're doing and who you are sending the coins to. Even if you have the safest wallet, you can lose your coins if you don't think carefully of the consequences of being negligent. Scammers exploit every weakness they see.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I can prefer you to use hardware wallet. It is safe. I use hardware wallet to store my coin. You can try it.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I suggest you to have your fund in the paper wallet or hardware wallet. If you do not want to buy the trezor or ledger nano still you can keep your fund on the desktop wallets but you have to keep your private key not shared to anyone of the people.
You should have 2FA authentication to keep your wallet secured. Still you are using the online wallet you are in risk and you have to keep logging into the wallet with the correct URL to avoid the individual hack attempt.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
As people above sayed, the safest way is hardware wallet, but it's expensive. The easiest way to me is papper wallet storage. It's safe and cheap and you can tell your parents or relatives how to reddeem your coins, just in case something happens to you. Thank God, no!
If you cannot create a paper wallet, use a desktop one (go to bitcoin.org and choose yours), don't use a online one.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I have some of my coin in Myetherwallet.com. It's secure and safe, just don't lose your private key
you're in the bitcoin subforum... An online wallet like myetherwallet certainly isn't the safest, it's also not for BTC.
can anyone help me about which is the easiest and safest place to keep coins/wallet?
Thanks
Thanks
I have some of my coin in Myetherwallet.com. It's secure and safe, just don't lose your private key
I would combine two strategies :
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
Would you mind to explain why you would split your funds that way?
OP was asking for the easiest and safest way for storing coins.
IMO the easiest and safest way is to just use a hardware wallet.
A hardware wallet basically combines the pro's of a paper wallet (private keys only known 'to' this one 'device'/paper) with the pros of a desktop wallet (easily accessable, automatically managing addresses, intuitive use).
While it gets rid of the cons of the paper wallet (no address management (change address), non-trivial way of sending funds) and the cons of a desktop wallet (security is based on the security of the host machine).
I really can't think of a way of storing coins which is as secured as a hardware wallet and is even 'easier' to use.
The only difference between a hardware and a desktop wallet in terms of usability is that you have to push a button to confirm the transaction. Can't get much easier than that.
I think you should try hardware wallet. It is best.
I would combine two strategies :
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets. It is important that these paper wallets are created in the most secure method possible, before you store any coins on them. Search for guides on how to create secure paper wallets on this forum, because it has been discussed multiple times on this forum before.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.
2. Paper wallet : You store the remaining 70% of your coins in paper wallets.
Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets.
Safest: airgapped pc, hardware wallet or paper wallet
Easyest: depends on your defenition of "easy".
If you're after a wallet that can easily be generated and is almost free, a paper wallet is number 1. If you don't mind buying hardware and learning how to use your new wallet, a hardware wallet is much easyer for day-to-day usage.
In my opinion, nothing beats an airgapped pc running a non-hd version of core... But in this case, it's always a hassle to spend your funds, and you have to make very regular backups and keep your core version up-to-date...
Easyest: depends on your defenition of "easy".
If you're after a wallet that can easily be generated and is almost free, a paper wallet is number 1. If you don't mind buying hardware and learning how to use your new wallet, a hardware wallet is much easyer for day-to-day usage.
In my opinion, nothing beats an airgapped pc running a non-hd version of core... But in this case, it's always a hassle to spend your funds, and you have to make very regular backups and keep your core version up-to-date...
Hardware wallets are always the safest. Keep them in a safe place.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
Almost all wallet are safe for coins keeping if human error are avoid, you the latest version of equipment and unique password. However, I will advice you to use paper wallet, eidoo, trezor or ledger and eidoo/trezor is the best option for token.
Jump to: