WALLET.DAT or SEEDS - What is the safest

ranman09

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Quote from: Ayers on June 10, 2017, 11:22:02 AM

Quote from: ranman09 on June 10, 2017, 03:00:50 AM

Been in the search of best way to secure my future bits (if there will be Cheesy

). And I came up with this clients that supports wallet.dat and clients that support SEEDS. What do you prefer? And Why?

i like the first format because i can use it on core version, i like to use the original client and not third party client, what make your bitcoin really secure is the user behind the security of his coin not the way you do it, i like to secure with trezor or usd stick, which are portable and can be used everywhere, trezor for possible infected public pc is very good, usb on my home work great

are you saying you can use your wallet.dat in trezor? or any hardware wallets?

Ayers

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Quote from: ranman09 on June 10, 2017, 03:00:50 AM

Been in the search of best way to secure my future bits (if there will be Cheesy

). And I came up with this clients that supports wallet.dat and clients that support SEEDS. What do you prefer? And Why?

i like the first format because i can use it on core version, i like to use the original client and not third party client, what make your bitcoin really secure is the user behind the security of his coin not the way you do it, i like to secure with trezor or usd stick, which are portable and can be used everywhere, trezor for possible infected public pc is very good, usb on my home work great

BillyBobZorton

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Quote from: franky1 on June 10, 2017, 07:59:04 AM

a seed is better. because you can hide it much better. both in the electronic form and physical form
design a crossword
hide the words it as a grocery shopping list
a christmas wishlist

that seed is yours for life
..
wallet.dats can get corrupted. data loss, physical loss of usb memory stick, virus, electrical surges killing memory storage
and every time you use a new address or move funds to a new change address you usually end up needing to re-backup the wallet

But for the very paranoid there is also a good extra in wallet.dat = it cannot be generated with any seed, so only you own it.

With a seed, theres a chance someone somehow generates your same seed.. but with a wallet.dat, they would need to steal the file.

If you keep safe backups of your wallet.dat in various forms, I think it's a valid cold storage.

ranman09

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Yeah and I can use this wallet right even if its not online?

Thanks guys so this is build up in my head, I will

Make USB os portues and install the wallet there
Get the seed and wallet address
Safe keep the usb and use it when sending bits

gamerfan

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Quote from: Herbert2020 on June 10, 2017, 03:08:51 AM

both at the same time!

I'd also say both.
With Electrum ,for example, you can have the seed and the default_wallet (you can rename this, of course). Just save the default_wallet and write the seed on a piece of paper and you'll have high safety.

BitcoinHodler

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Quote from: ranman09 on June 10, 2017, 07:58:10 AM

Quote from: BitcoinHodler on June 10, 2017, 07:08:35 AM

Quote from: ranman09 on June 10, 2017, 06:21:13 AM

Does client that uses seeds also have wallet.dat? It would be easier to choose right knowing this haha. Thank for the replies

yes it has!
all the wallet clients should store that seed, private keys, usually public key, and transaction details somewhere and that somewhere is a file called
- wallet.dat (bitcoin core)
- default_wallet (electrum)
- wallet.aes.json (blockchain.info)
- or any other possible similar names (other clients that i have never used so i don't know!)
and usually these files are human readable unless encrypted.
backing up the seed has the benefit that you will never need the wallet client to recover your funds, you can use any code (should be trusted source though) to recover them. but if you back up some of these wallet file types you have a harder time recovering your funds without the same wallet client.

So this means they both are needed to be secured Cheesy

Is this what you're trying to say? Encrypt the wallet.dat against hack and secure the seed for the recovery.

any of them will be enough. but as franky said, secure them all. but you just need one of them to recover all your funds as long as that one is not damaged.
for example the wallet.dat file can be damaged over time because of hardware failure, ...
also the seed which you print on a paper can be damaged over time because of degradation of paper lets say in a couple of years.

best course of action is taking backups from your seed and wallet file and checking their health on intervals.

LFC_Bitcoin

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Wallet.dat saved on multiple devices, hidden in different places to protect yourself. Bury a USB in a box in waterproof material etc.

franky1

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sounds good

ranman09

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Quote from: franky1 on June 10, 2017, 08:37:44 AM

Quote from: ranman09 on June 10, 2017, 08:21:46 AM

Im a bit confused Huh

If clients have somewhere to store keys the wallet.dat and at the same time give seeds. What do i secure? The wallet.dat or the seed?

secure it all

its best to have your access to your funds secured in different formats incase one goes missing/lost/corrupted/forgotten.

but generally seeds are better to handle

Thanks, i come to think of creating a portues linux boot on my usb flashdrive and do the bitcoin wallet there, boot it whenever I will send bits to protect the wallet. Is this secure as I think it is? And secure the seed somewhere.

franky1

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Quote from: ranman09 on June 10, 2017, 08:21:46 AM

Im a bit confused Huh

If clients have somewhere to store keys the wallet.dat and at the same time give seeds. What do i secure? The wallet.dat or the seed?

secure it all

its best to have your access to your funds secured in different formats incase one goes missing/lost/corrupted/forgotten.

but generally seeds are better to handle

ranman09

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Im a bit confused Huh

If clients have somewhere to store keys the wallet.dat and at the same time give seeds. What do i secure? The wallet.dat or the seed?

franky1

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a seed is better. because you can hide it much better. both in the electronic form and physical form
design a crossword
hide the words it as a grocery shopping list
a christmas wishlist

that seed is yours for life
..
wallet.dats can get corrupted. data loss, physical loss of usb memory stick, virus, electrical surges killing memory storage
and every time you use a new address or move funds to a new change address you usually end up needing to re-backup the wallet

ranman09

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Activity: 756

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Quote from: BitcoinHodler on June 10, 2017, 07:08:35 AM

Quote from: ranman09 on June 10, 2017, 06:21:13 AM

Does client that uses seeds also have wallet.dat? It would be easier to choose right knowing this haha. Thank for the replies

yes it has!
all the wallet clients should store that seed, private keys, usually public key, and transaction details somewhere and that somewhere is a file called
- wallet.dat (bitcoin core)
- default_wallet (electrum)
- wallet.aes.json (blockchain.info)
- or any other possible similar names (other clients that i have never used so i don't know!)
and usually these files are human readable unless encrypted.
backing up the seed has the benefit that you will never need the wallet client to recover your funds, you can use any code (should be trusted source though) to recover them. but if you back up some of these wallet file types you have a harder time recovering your funds without the same wallet client.

So this means they both are needed to be secured Cheesy

Is this what you're trying to say? Encrypt the wallet.dat against hack and secure the seed for the recovery.

Kprawn

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A once off seed provided to you to restore your wallet when you create it, is the way to go. Any Malware can be created to target specific files, so

using wallet.dat files is a bit more risky for me. Some of these wallets really have poor security features and I would not trust online wallets with

large amounts. It is fun to play with and to have a backup... but it should not be your only option. Wink

BitcoinHodler

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Quote from: ranman09 on June 10, 2017, 06:21:13 AM

Does client that uses seeds also have wallet.dat? It would be easier to choose right knowing this haha. Thank for the replies

yes it has!
all the wallet clients should store that seed, private keys, usually public key, and transaction details somewhere and that somewhere is a file called
- wallet.dat (bitcoin core)
- default_wallet (electrum)
- wallet.aes.json (blockchain.info)
- or any other possible similar names (other clients that i have never used so i don't know!)
and usually these files are human readable unless encrypted.
backing up the seed has the benefit that you will never need the wallet client to recover your funds, you can use any code (should be trusted source though) to recover them. but if you back up some of these wallet file types you have a harder time recovering your funds without the same wallet client.

TravelMug

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Quote from: ranman09 on June 10, 2017, 03:00:50 AM

Been in the search of best way to secure my future bits (if there will be Cheesy

). And I came up with this clients that supports wallet.dat and clients that support SEEDS. What do you prefer? And Why?

I also like the SEEDS. It is much easier to store your seeds. You can write just it down or simple send it to your multiple email address as backup. And since I'm using Electrum, that is why I lean towards the seeds is the safest for me. We saw some members here backing up their wallet.dat and encrypted it. However, they have issue remembering their password. That's the only issue I saw with wallet.dat.

amacar2

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I prefer seeds because it is easy to remember after some efforts so that you don't have to worry about storing them in secure place. I just memorize seed for my jaxx wallet where I can put almost anything like bitcoin, ethereum or litecoin for future.

ranman09

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Quote from: buwaytress on June 10, 2017, 06:25:29 AM

I go with both, but would always choose SEED if I had to. The only issue I can foresee for storing seeds is that someone else who might come across it would easily notice that it's a seed. So I store mine in a pattern only I would recognise (I throw in some red herring for example or use it in a paragraph of text) and send it as emails to several addresses to keep.

Can I take electrum as a sample? It gives seeds does it have wallet.dat as well?? Or just seeds?

buwaytress

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I go with both, but would always choose SEED if I had to. The only issue I can foresee for storing seeds is that someone else who might come across it would easily notice that it's a seed. So I store mine in a pattern only I would recognise (I throw in some red herring for example or use it in a paragraph of text) and send it as emails to several addresses to keep.

ranman09

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Does client that uses seeds also have wallet.dat? It would be easier to choose right knowing this haha. Thank for the replies

Topic: WALLET.DAT or SEEDS - What is the safest (Read 935 times)