The safest wallet is the password what you are creating that is the main security which cannot be breached by anyone if you are giving a very strong password, But if you want the wallet then it is hardware wallet like desktop wallet, which you can use it when ever you want and after the work is finish you can take backup in pendrive and move it from the desktop like this your wallet be safe if your desktop got hacked or got attack by virus.
Online wallet i am using coinbase , its security is also very good like, sms confirmation and email confirmation if you are logging from another IP. So this way you are getting safety. But only thing is you are not the sole owner of the wallet and it is a third party wallet which you are using and its key are not with you but with the site owner.
Topic: The safest wallet? - page 10. (Read 31216 times)
I prefer Blockchain, the online wallet over any other. I have never used offline wallets, and I'm using Blockchain since 2013. Never had a problem with it, and I'm impressed by how great it works.
paper and hardware wallet are the best when it comes to security you can use blockchain for your online trading then send your money to the hardware or paper wallet
I prefer Blockchain, the online wallet over any other. I have never used offline wallets, and I'm using Blockchain since 2013. Never had a problem with it, and I'm impressed by how great it works.
I would have to say a hardware wallet which you have control of when it touches the net. 
Paper waller is most safe waller.
In second place for me is hardware wallet
In second place for me is hardware wallet
Care to explain why paper wallet is safer than hardware wallet ? I don't think it is. Hardware wallets are 2FA and malware proof even if your PC is infected and is full of keyloggers. Paper wallet is free but it involves you do some job while hardware wallet all you have to do is to configure it in the first time and then you are good to go. Your bitcoin cannot be stolen from you.
The only downside of Hardware wallets which is the same with paper wallets is that it can be stolen, or damaged if you don't keep it like you should.
Doesn't hardware wallet like Trezor have a backup seed?
Paper wallets and hardware wallets are the safest. Paper is safe because you never have your private key online at all (similar with a hardware wallet). Paper wallets are a very cheap option and very secure (assuming you make them properly. Use an Ubuntu Live CD to guarantee you don't have spyware or Trojans). Hardware wallets have a similar basic idea but they're obviously relatively expensive.
I think the most secure are the online wallets like blockchain and cryptonator.
Only if you pay for a full account with them not free membership.
Only if you pay for a full account with them not free membership.
Paper waller is most safe waller.
In second place for me is hardware wallet
In second place for me is hardware wallet
Care to explain why paper wallet is safer than hardware wallet ? I don't think it is. Hardware wallets are 2FA and malware proof even if your PC is infected and is full of keyloggers. Paper wallet is free but it involves you do some job while hardware wallet all you have to do is to configure it in the first time and then you are good to go. Your bitcoin cannot be stolen from you.
The only downside of Hardware wallets which is the same with paper wallets is that it can be stolen, or damaged if you don't keep it like you should.
Paper waller is most safe waller.
In second place for me is hardware wallet
In second place for me is hardware wallet
For me a paper wallet is the safest wallet of all i don't care about the gussers or hackers but i think that no one is actully intrested to hack my wallet so badly
For me the desktop wallet is reasonably good unless you have a real threat of someone being enemy of yours and he will just dig in your computer to steal your coins.
What white hat hackers have exposed is the insecure brainwallet. Make sure not to use it. Always make a cold storage and use armory if possible. A hardware wallet is also good as long as you keep it in a safe place. Also storing the keys in a boot of OS which has never come online is also good.
So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline
Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.
Should I switch to that method? what are the possible vulnerabilities of it?
And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.
Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.
Should I switch to that method? what are the possible vulnerabilities of it?
And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.
thanks for nice post
There are three safe methods of storing your bitcoin.
1 - Paper wallet (Printed could be infected with malware, and take records of your private keys)
2 - Cold storage (Arduous to use, expensive to set up)
3 - Hardware wallet (Needs to be initialised on a 100% clean computer, otherwise seed could be found)
1 - Paper wallet (Printed could be infected with malware, and take records of your private keys)
2 - Cold storage (Arduous to use, expensive to set up)
3 - Hardware wallet (Needs to be initialised on a 100% clean computer, otherwise seed could be found)
Surprised to see people suggest blockchain.info *sigh*
I'd go with Trezor or paper wallet (paper if you know what you're doing...)
I'd go with Trezor or paper wallet (paper if you know what you're doing...)
Either they have no basis of cryptography or they really don't know that if they not hold (control) their private keys they have nothing.
They should go tell Mt.Gox, Mintpal and Co. what does it mean when a third-party controls "our" keys for us.
As of my wallets, cold storage for savings and Mycelium on Android for everyday use.
I'm sorry but I have no aswer for you: I've never used an hardware wallet so I don't want to say anything about them. You can find good guides around here so do your own research: it's your money in the end.
I use electrum wallet and i hope its safe but better to use it for online transactions and save in a usb port offline
The safest wallets are clearly the paper wallet and the hardware wallet.
But I want to bring into attention another option which this thread didn't cover: cloud storage. It's not the safest thing on earth, but it's not bad either if you use it well.
You get a cloud storage account. Dropbox is everybody's choice, but I prefer TresorIt because they claim everything is encrypted and decrypted by your client and they cannot see your files.
Make a file from your private key (and HD seed), name it "my resume", "my first letter to my fiance" or whatever harmless name you can think of, archive it with 7-zip and a long AES-256 password and put it on the storage.
It may be a good solution if you are afraid you lose the paper wallets.
But I want to bring into attention another option which this thread didn't cover: cloud storage. It's not the safest thing on earth, but it's not bad either if you use it well.
You get a cloud storage account. Dropbox is everybody's choice, but I prefer TresorIt because they claim everything is encrypted and decrypted by your client and they cannot see your files.
Make a file from your private key (and HD seed), name it "my resume", "my first letter to my fiance" or whatever harmless name you can think of, archive it with 7-zip and a long AES-256 password and put it on the storage.
It may be a good solution if you are afraid you lose the paper wallets.
Surprised to see people suggest blockchain.info *sigh*
I'd go with Trezor or paper wallet (paper if you know what you're doing...)
I'd go with Trezor or paper wallet (paper if you know what you're doing...)
Either they have no basis of cryptography or they really don't know that if they not hold (control) their private keys they have nothing.
They should go tell Mt.Gox, Mintpal and Co. what does it mean when a third-party controls "our" keys for us.
As of my wallets, cold storage for savings and Mycelium on Android for everyday use.
I'm sorry but I have no aswer for you: I've never used an hardware wallet so I don't want to say anything about them. You can find good guides around here so do your own research: it's your money in the end.
I recently bought a hardware wallet, the Ledger Nano and was so satisfied with it, that I upgraded to the Ledger Nano S when it
came out. Now I can not only cold-store Bitcoins, but also Ethereum.
came out. Now I can not only cold-store Bitcoins, but also Ethereum.
Surprised to see people suggest blockchain.info *sigh*
I'd go with Trezor or paper wallet (paper if you know what you're doing...)
I'd go with Trezor or paper wallet (paper if you know what you're doing...)
Either they have no basis of cryptography or they really don't know that if they not hold (control) their private keys they have nothing.
They should go tell Mt.Gox, Mintpal and Co. what does it mean when a third-party controls "our" keys for us.
As of my wallets, cold storage for savings and Mycelium on Android for everyday use.
If you really want to go "that" far. Go for hardware wallets. I don't suggest these kinds of wallets unless you own like ALOT of bitcoins.
Jump to: