What do I need to know to protect my Bitcoins?

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: lizardbtc on February 17, 2018, 10:54:02 AM

Quote from: vbcrypto on February 17, 2018, 10:49:37 AM

The best way is to buy Ledger Nano S, cause online wallets aren't secure for holding large amounts of crypto.

Ledger Nano or any other hardware wallet is not that necceseery if you understand and know what you are doing in terms of keeping your private key private and secured. Paper wallets can be as good as hardware if you are looking to hold your coins for longer period. Although harware wallets are one of the most easiest options for people without much tech knowledge.

Hardware wallets are much more convenient than Paper wallets. If you want to store your bitcoins for longer periods, then

Paper wallets is ideal, but if you want to use it every day, then Hardware wallets like the Ledger is more suitable. The process

to access the bitcoins on these Paper wallets are the weak link, not the Paper wallet on it's own. {You have to sweep those

private keys and expose them to the internet} Roll Eyes

Marteel

newbie

Activity: 112

Merit: 0

Quote from: seoincorporation on February 18, 2018, 01:59:57 AM

I would create a wallet and print it in a qr code, and I would keep it safe in a paper wallet. To me this is the best way to keep it secure: making it a physical piece of paper and maybe you can tell somebody you really trust where are you hiding it (just in case something happens to you… je).
Nevertheless, your method is strong enough, I’m just the kind of person that prefers to conserve my money behind the pillow, as an old man.

In order to these, isnt it safer to buy a hardware wallet? online wallets are have the potential for being expolited, imho. Nothing is more secure then the money in your pocket.

seoincorporation

legendary

Activity: 3346

Merit: 3125

I would create a wallet and print it in a qr code, and I would keep it safe in a paper wallet. To me this is the best way to keep it secure: making it a physical piece of paper and maybe you can tell somebody you really trust where are you hiding it (just in case something happens to you… je).
Nevertheless, your method is strong enough, I’m just the kind of person that prefers to conserve my money behind the pillow, as an old man.

aardvark15

hero member

Activity: 1008

Merit: 510

I like to keep some Bitcoins on a paper wallet with the private and public keys saved in a few locations that are secure like a safe deposit box. As little no as you generated the keys safely and keep them hidden, those Bitcoins will be secure forever. I recommend that you keep most of your coins off exchanges and in offline wallets of some kind to really be protected.

lizardbtc

full member

Activity: 448

Merit: 109

Quote from: vbcrypto on February 17, 2018, 10:49:37 AM

The best way is to buy Ledger Nano S, cause online wallets aren't secure for holding large amounts of crypto.

Ledger Nano or any other hardware wallet is not that necceseery if you understand and know what you are doing in terms of keeping your private key private and secured. Paper wallets can be as good as hardware if you are looking to hold your coins for longer period. Although harware wallets are one of the most easiest options for people without much tech knowledge.

Smpdytz1

jr. member

Activity: 72

Merit: 1

I recommend hardware wallet.in hardware wallet the pvt key hold by the device no one can access to your bitcoins without device and device password.if wallet loss or broken you can recovery your btc with using recovery card.not only btc, btc cash,etherum,ltc and many cryptocurrencies you can safely keep by using hardware wallet i recommend you trezor hardware walle

vbcrypto

newbie

Activity: 27

Merit: 1

The best way is to buy Ledger Nano S, cause online wallets aren't secure for holding large amounts of crypto.

firmancarok

newbie

Activity: 176

Merit: 0

Here are four pieces of advice that will help your bitcoins go further.

As you’d do with a regular wallet, only store small amounts of bitcoins on your computer, mobile, or server for everyday uses, and keep the remaining part of your funds in a safer environment.

-Backup your wallet on a regular basis and encrypt your wallet or smartphone with a strong password to protect it from thieves (although, unfortunately, not against keylogging hardware or software).

-Store some of your bitcoins in an offline wallet disconnected from your network for added security. Think of this as a bank, while you, generally, keep only some of your money in your wallet.

-Update your software. For added protection, use Bitcoins’ multi-signature feature that allows a transaction to require multiple independent approvals to be spent.
Spending some time on these steps can save your money.

recommend the Nano Ledger S – Hardware Wallet

https://www.ledgerwallet.com/ is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.

Topic: What do I need to know to protect my Bitcoins? (Read 144 times)