Storing coins | Bitcointalksearch.org

notlist3d

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Quote from: Golfimbul on June 20, 2016, 10:01:22 PM

Quote from: xht on June 17, 2016, 12:56:42 AM

Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I think online wallet is still safe to use if you are using a special computer just to open an online wallet and is certainly to be equipped with other added security.

what do you mean with special computer? is that a computer which don't have any virus or resistant or what?

I'm not sure on special computer guessing he means less possibility of security issues. For example if you really want a paper wallet without worry you can go all the way to starting with clean OS and updating it, get anti-virus/anti-malware software and update, then make a wallet.

I have computers I play with that even though it sounds like a lot as long as you don't mind blowing away computer not that bad. And it provides a much more secure computer then one that's been surfing the web/downloads.

Hardware wallets done properly are easier in my mind. But paper wallets are free so many love them as hard to beat the price.

Golfimbul

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Quote from: xht on June 17, 2016, 12:56:42 AM

Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I think online wallet is still safe to use if you are using a special computer just to open an online wallet and is certainly to be equipped with other added security.

what do you mean with special computer? is that a computer which don't have any virus or resistant or what?

cor

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Quote from: BitcoinSupremo on June 17, 2016, 01:05:09 AM

Quote from: xht on June 17, 2016, 12:56:42 AM

Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I think online wallet is still safe to use if you are using a special computer just to open an online wallet and is certainly to be equipped with other added security.

Online wallet is never safe as you are relying on third party to make your bitcoin transactions and to hold your bitcoins for you. They can be hacked any day, their database and your private keys gone even if you have your computer with top security. Second best are desktop wallets like Electrum in which private keys are stored on your PC and you are in charge. Ultimate security is a hardware wallet like Trezor or Ledger.
Stay clear of online wallets.

I can only agree, I see online wallets as a good thing only providing they support Trezor - so I can keep the private keys in my hands and use the web wallet as an interface to the blockchain. An example of a good web wallet is myTrezor.com or Copay.

BitcoinSupremo

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Quote from: xht on June 17, 2016, 12:56:42 AM

Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I think online wallet is still safe to use if you are using a special computer just to open an online wallet and is certainly to be equipped with other added security.

Online wallet is never safe as you are relying on third party to make your bitcoin transactions and to hold your bitcoins for you. They can be hacked any day, their database and your private keys gone even if you have your computer with top security. Second best are desktop wallets like Electrum in which private keys are stored on your PC and you are in charge. Ultimate security is a hardware wallet like Trezor or Ledger.
Stay clear of online wallets.

xht

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Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I think online wallet is still safe to use if you are using a special computer just to open an online wallet and is certainly to be equipped with other added security.

notlist3d

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Quote from: outatime1 on June 16, 2016, 10:27:02 PM

Probably the best way is on an offline wallet. Be sure to keep you private keys in a safe place and don't lose them or let anyone else have access to them.

I know some think this is overboard but you can get a safety deposit box at banks if your in US for pretty cheap. And with it being paper you can get a smaller box which again makes it pretty cheap per year. So it's possible to get bank level security for a cold wallet.

You can even change a character or two on your paper wallet stored that only you know where even if others see it they don't know what numbers you changed. (Depends on paper wallet if it has a QR code obviously changing a character in private key would do nothing). But lot's of creative ideas out there to keep them safe.

outatime1

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Probably the best way is on an offline wallet. Be sure to keep you private keys in a safe place and don't lose them or let anyone else have access to them.

Daffadile

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Simple.

A paper wallet. Also know as "cold storage"

JakeRTFM

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If you will mostly receive transactions and not sending coin. Can you use an offline secure paper file adresse ? Or you will have to open it online to see the transactions you receive ?

notlist3d

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Quote from: pooya87 on June 15, 2016, 09:41:13 PM

Quote from: JakeRTFM on June 14, 2016, 05:07:50 PM

Anyone use the pi-wallet based on Raspberry PI ? The "build-your-own" one ?

Stupid question :
If you use Paper Wallet for offline storage, do you make a paper backup (ex. with Armory) and then delete the soft wallet ?
Or there is another method to make a paper wallet ?

there are ways to make only a paper wallet like using bitadress.org
https://en.bitcoin.it/wiki/Paper_wallet#Creation_of_a_paper_wallet

but generally paper wallet is a bitcoin private key created on an offline, secure system and then printed on a piece of paper. so you can use any code that you like as long as they are safe.

Paper wallets are great if used right they can be done very secure. If you are going to use it alot they are not really what you want for storage. One thing I don't think I see enough is once you import that paper wallet you kinda lose the security of it being offline even if deleted after. As if computer is infected or such ... the private key could be compromised.

I would almost suggest making a few paper wallets at once when you know 100 percent it's secure and keep some paper wallets even if there is no money on them. That way after you import to spend you can send to next paperwallet which private key was not imported. It is more secure and some might see it as to much and being to overprotective.

lissandra

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Quote from: pooya87 on June 15, 2016, 09:41:13 PM

Quote from: JakeRTFM on June 14, 2016, 05:07:50 PM

Anyone use the pi-wallet based on Raspberry PI ? The "build-your-own" one ?

Stupid question :
If you use Paper Wallet for offline storage, do you make a paper backup (ex. with Armory) and then delete the soft wallet ?
Or there is another method to make a paper wallet ?

there are ways to make only a paper wallet like using bitadress.org
https://en.bitcoin.it/wiki/Paper_wallet#Creation_of_a_paper_wallet

but generally paper wallet is a bitcoin private key created on an offline, secure system and then printed on a piece of paper. so you can use any code that you like as long as they are safe.

Theres a even more easier way then all this.. and it uses the same security has the trezor hardware.

If you have an iphone you can setup breadwallet - write down the keyphrase and deposit the initial cold wallet balance. Phones balance also has a needed pin to access - you may argue because you lost your phone or possible jail break scenarios, but those odds are very slim.

If you lose your phone they have to go through the hurdles of the actual pin + keyphrase used.

pooya87

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Quote from: JakeRTFM on June 14, 2016, 05:07:50 PM

Anyone use the pi-wallet based on Raspberry PI ? The "build-your-own" one ?

Stupid question :
If you use Paper Wallet for offline storage, do you make a paper backup (ex. with Armory) and then delete the soft wallet ?
Or there is another method to make a paper wallet ?

there are ways to make only a paper wallet like using bitadress.org
https://en.bitcoin.it/wiki/Paper_wallet#Creation_of_a_paper_wallet

but generally paper wallet is a bitcoin private key created on an offline, secure system and then printed on a piece of paper. so you can use any code that you like as long as they are safe.

romero121

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If you're a regular user of bitcoin possibly you could use the online and offline wallets depending upon how often you make transactions. If you plan for long time storing then you can have paper or hardware wallet.

hermanhs09

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Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

If you're only looking for the safest way, then cold storage solutions such as paper wallets, hardware wallets etc. are the best. Simply because an online attacker cannot take the coins from you.

But if you're looking for a convenient way, I suggest blockchain.info which is probably the most secure of the online ones.

notlist3d

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Quote from: JakeRTFM on June 14, 2016, 05:07:50 PM

Anyone use the pi-wallet based on Raspberry PI ? The "build-your-own" one ?

Stupid question :
If you use Paper Wallet for offline storage, do you make a paper backup (ex. with Armory) and then delete the soft wallet ?
Or there is another method to make a paper wallet ?

Have not used a PI for wallet but it is a option as easy to unplug. But I tend to use windows with hotwallet (smaller amount) or online for hotwallet it need when not home. And paper wallet/hardware cannot be beat as far as real storage.

You can do many things to make backup's of paperwallet guess it depends on what is best for you. You can keep a copy on a USB drive and store it away. You can also make multiple copies of the paper wallet itself. Basically safe storage is a must and not storing for example on your PC.

JakeRTFM

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Anyone use the pi-wallet based on Raspberry PI ? The "build-your-own" one ?

Stupid question :
If you use Paper Wallet for offline storage, do you make a paper backup (ex. with Armory) and then delete the soft wallet ?
Or there is another method to make a paper wallet ?

BitcoinSupremo

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Quote from: avatar_kiyoshi on June 11, 2016, 07:09:27 AM

Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I'm used electrum for desktop. So far I haven't problem with their wallet. It's easy to use and have more security features. Also you don't need to download blockchain data, just sync it with your internet connection.

I am using electrum too, same wallet both in my PC and my laptop , with its nice recovery option via its seed, if I buy a new PC, I can install it there too the same wallet. I am using Linux which makes me a bit safer than windows users from phishing and troyans but not 100% safe. Another thing to keep in mind is to keep your system up to date as much as you can. For ultimate security go for hardware wallet which are malware proof, if Trezor is expensive for you , you can buy a ledger wallet HW.1 which is the cheapest hardware wallet you can get. In the end the security of your coins depends on how well the user saves them.

notlist3d

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Quote from: Sharky444 on June 14, 2016, 06:17:28 AM

A hardware wallet like https://www.keepkey.com/

Hardware wallets are a great idea if storing a good amount of coin's. I did a hand's on with a keepkey - https://bitcointalksearch.org/topic/hands-on-keepkey-hardware-wallet-notlist3d-1283805 The one that has been the most popular is Trezor which I also have a hand's on with - https://bitcointalksearch.org/topic/hands-on-trezor-hardware-wallet-notlist3d-1298917 . The nice thing about these is it signs transactions on device instead of computer which adds a LOT of extra security.

There will always be paper wallets for those just holding and not using it aswell. If done properly they are not a bad thing.

Sharky444

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A hardware wallet like https://www.keepkey.com/

unholycactus

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Quote from: SMIBAK123 on June 11, 2016, 08:21:09 AM

Thanks to everyone who responded to me. At least became clear to me that I should forget about a computer with Windows.

Not necessarily. I believe that the overwhelming majority of scams come from phishing or storing your coins somewhere you don't control the private keys.

Trusted wallets software should be just fine for you.

ttargett

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i think the best way is to store them on a hardware wallet or a cold storage paper wallet, at least thats what i do

SMIBAK123

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Thanks to everyone who responded to me. At least became clear to me that I should forget about a computer with Windows.

avatar_kiyoshi

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Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I'm used electrum for desktop. So far I haven't problem with their wallet. It's easy to use and have more security features. Also you don't need to download blockchain data, just sync it with your internet connection.

wintermeasures

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Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

I got great tips, use the wallet on your pc from coin you wish to save. and after not use your PC, make it offline, and if you want to use the wallet again so make it online again. The point is not connected to the internet connection for long time. Thank you

BigBoom3599

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Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

The two safest options are either a paper wallet or an offline wallet. My bitcoins are currently stored on an old offline android phone which I wiped and installed Bither on, it's easy to transfer funds on and of to and you can only access the coins by having physical access and the password so it's pretty secure.

SMIBAK123

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Quote from: adamvp on June 11, 2016, 03:22:45 AM

Cold storage, f.e. Electrum Offline on X(L)ubuntu.. You have to make bootable pendrive ()ubuntu version installed via virtual machine, or other pendrive, than send installation files tu ()ubuntu and boot your computer from this pen without turning data connection on.
On your personal computer you can generate transaction and in offline linux you can signing it..

You may generate paperwallet in bitadress: https://github.com/pointbiz/bitaddress.org but turing it in offline system is a good practice, too

And paperwallet is less comfortable...

Thanks for the reply! I saw it late

Just one more question. This procedure saves me completely from malicious software?

SMIBAK123

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Quote from: adamvp on June 11, 2016, 03:22:45 AM

Cold storage, f.e. Electrum Offline on X(L)ubuntu.. You have to make bootable pendrive ()ubuntu version installed via virtual machine, or other pendrive, than send installation files tu ()ubuntu and boot your computer from this pen without turning data connection on.
On your personal computer you can generate transaction and in offline linux you can signing it..

You may generate paperwallet in bitadress: https://github.com/pointbiz/bitaddress.org but turing it in offline system is a good practice, too

And paperwallet is less comfortable...

As far as I understood from what I read the paper wallet is created on your own computer. The existence of an antivirus program does not guarantee absence of malware. If the computer has a keylogger, coins can be stolen immediately. Can you specify in more detail the steps through which must pass before creating a paper wallet. Thanks in advance.

adamvp

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Cold storage, f.e. Electrum Offline on X(L)ubuntu.. You have to make bootable pendrive ()ubuntu version installed via virtual machine, or other pendrive, than send installation files tu ()ubuntu and boot your computer from this pen without turning data connection on.
On your personal computer you can generate transaction and in offline linux you can signing it..

You may generate paperwallet in bitadress: https://github.com/pointbiz/bitaddress.org but turing it in offline system is a good practice, too

And paperwallet is less comfortable...

Velkro

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Quote from: SMIBAK123 on June 11, 2016, 03:10:02 AM

Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

For me safest way is to store them on paper wallet. Put it in safe place and you have offline coins, only worrying about physical security of piece of paper.
There are many ways tho, some use Trezor which is hardware device but its quite expensive to acquire.

SMIBAK123

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Which one is the safest way to store bitcoins? I often hear that becomes thefts. I guess some of them are not heard even.

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