Topic: Securing your wallet - page 5. (Read 3674 times)

bitcoin us a name of safety it’s a digital currency and a safe money to use its good easy and safe to use a lot of people want to invest their money in bitcoin just because it’s safe and secure to keep hold for long term and for this purpose there are a lot of hardware wallets are now available in market.

QR Codes, a 2D Barcode scanner from Ebay, a laminator, and something to generate QR codes and passwords like the below sites, and a PC... anybody seriously into crypto shouldn't be using their phone as a sole source of doing everything. I'm just assuming everyone here has a secure PC setup.

https://www.the-qrcode-generator.com/
https://www.grc.com/passwords.htm

You can make paper wallets, really long passwords, all sorts of secure shit with this setup.  I combine it with lastpass, a 64 character QR code password, and a backup email address that has a 32 character password, and recently just installed authy and instead of naming each 2 factor site, I just use letters and laminated a little card for my wallet which tells me which letters are for what account. Example... coinbase might be Aaaaaaaaaa on the authenticator app, that way if someone happens to get ahold of the app or the tokens, they won't know what they're for.

Basically it's 3 factor authentication.. I need my wallet, phone, and lastpass, or QR codes I've laminated and stashed in safe deposit boxes to do anything, and yet I never have to ever remember a password, or type in passwords, except the ones I purposely make easier to remember for forums.

You can also back up your account on bitcointalk using this thread in case it's hacked by someone:

https://bitcointalksearch.org/topic/stake-your-bitcoin-address-here-996318

I also never have to change passwords, as I believe the outdated corporate philosophy of changing passwords every 3 months is absolutely ridiculous, especially with oracle 11G where the passwords have to be pretty long to begin with.

Of course nobody wants to spend or loose 80$ when there's an alternative that offers comparatively same attributes for free. So I guess we will all go for the blockchain.info purse.

I find the purse blockchain.info very reliable. There is a double authorization and this gives you additional protection from scammers.

Using a hardware wallet like Ledger is enough, if you don't want to spend 80$ then you can use blockchain.info with all securty settings activated on a clear computer or virtual machine.

Why go with brain wallet...just do regular with encrypted password...now the thief has to not only figure out your private key but also your Encrypted password.

I think if you use bitcoin you should keep information and that is all. Because BTC is safe your wallet good enought.

For the first time I created a paper wallet I had my doubts when using the https://bitcoinpaperwallet.com/ program.

  I bought a new pc and printer..all clean never hooked up the the internet and never will be. My fear was creating a wallet with password encryption and not be able to decrypt or even sweep the bitcoins out.

  So I tested a  few..all worked out well but I still needed a second independent program to confirm this. And if you follow my thread that I started a month or so ago you will see I also used a program created by Mike Caldwell to confirm a good wallet and ease my fears. Hope this helps

                https://bitcointalksearch.org/topic/m.19544651

I like the suggestion of 'mindrust', especially using Linux for the purpose.  Other OS are always suspecious, especially when you are using pirated copy .  A simple test is to type netstat in cmd and see how many IP addresses are communicating with your PC without your will. These activities are suspecious and who knows one of the listener is a scanner looking for sensitive informtion about the Bitcoin wallets on your PC.

If you don't have a lot of money, I think a paper or hardware wallet is a bit over power, and local wallet is good enough (I use jaxx for example).

If you do, I'd recommend using multiple wallet - a paper wallet to store large amounts and a local wallet for "everyday use".
As said, you should create the paper wallet offline (or alternatively buy a hardware wallet).

If you are using an online wallet, then just keep your private key of your wallet and be sure that you are not going to send it or say it to anyone, because if that will happen, then you're doomed, though web wallets are not that safe enough for me even your private key is in the safe place, unlike the Hardware wallet that is more secure than this web wallet because it could be use Online or Offline.

Hardware wallet are mostly offline, and that what makes it safe from the hackers. You are just going to use it online when sending bitcoins to another wallet or to someone to make a transaction.

Using paper wallet and then store the private key safe like store my private key in the flashdisk and i've private grup facebook which only me there store. my private key also my private data

Some solutions are, using a paper wallet, and using a cold storage (keeping your bitcoin completely offline). Personally I would go with hardcore wallet (Trezor, Ledger Nano S, Keepkey) as I like to move my cryptocurrencies online, and I think this is also an easy answer for newbies when wanting to secure your coins.

" backup it to your email" Wtf? Do you keep your private keys in your gmail account? Brilliant plan, ese. Brilliant.

"put it on your usb" Also not safe. They can get broken out of nowhere.

It seems you don't have any clue what you are doing and certainly not in a position to give an advice.

It has many way to secure your wallet, you can put your account and keys in different files or text-file then backup it to your email, print it or put it on your usb and give a copy to your love one for encase.

If you spend everyday and use your wallet everyday then there is no need for secrets and nuances, an Electrum wallet should do great considering your PC is safe from any kind of malware. If you want to have a wallet for a longer time I think you can use Electrum in an old laptop to create a watch only wallet and keep it as cold storage.

If you want to use payments frequently, hardware wallets are dramatically better than paper wallets to have.  You can spend very conveniently from an online interface.  Paper wallets are great for long-term cold storage but hardware wallets are the thing to have for the casual user.

Hardware wallets really aren't that expensive if you want to casually spend on a regular basis.  With the price of Bitcoin as it is it doesn't even cost 0.05 BTC to buy a TREZOR, so I really don't see where all the opposition is... especially since if you have a hardware wallet you can have several additional passphrases and hidden wallets very easily, whereas if someone steals those pieces of paper it's just over.

if you did it right you'd be fine. the problem is that very, very few people bothered to do it right.

diceware is the way to do it right but even then i'd always be wondering about it.

as for security myself i do hardware wallets these days. the security problem there is hiding the seed words. that's been taken care of with some handy burying.

Brainwallet is only as safe as your passphrase. If people had chosen a strong phrase, they wouldn't have gotten hacked. It wasn't brainwallet's fault. It was people were being stupid. If you choose "1" for your passphrase, you deserve to get robbed. Brainwallet is not moron proof.

As for bitaddress/walletgenerator, they have been here for a very long time and i've never ever heard anyone who lost his funds from an address generated by those services. So yes they are perfectly safe to create private keys.

*don't bother with hardware wallets. They are completely unnecessary to have. The only thing you need is a piece of paper.

*mind blown*

Holy shit rust, this never occurred to me. Was always wonky about using both these services because frankly, I really don't trust anyone or anything when it comes to cryptos, decentralization and trustlessness is key here. Of course I can download an open source app and run it on a not connected computer. Duh, dammit. Hindsight be damned, this should have been obvious

Now that I'm thinking about it, did everyone that used brainwallet, eventually get compromised?  Generating a private key off of a phrase seemed like a poor idea, but did that pan out? Off topic, but bit address got me nostalgic

Listen to the man. He knows his shit.