The safest way is always "cold storage" which means either on paper (and you put that son of a bitch in a lock or something like that, it mustn't burn) Or on a laptop not connected to the internet.
But I always wondered, what happens if your laptop dies? You just lost your btc?
Topic: What is the safest way to store Bitcoins? (Read 6532 times)
Cold wallet electum?
Paper wallets, USB wallets IMO are the second best options after hardware wallets.
I prefer to use paper wallets this time.
But I believe in blockchain.
I hope you don't regret one day that you believed on blockchain.
Veterans here already suggested here not to use such web based wallets as they are not that secured. Well if you don't want to store your coins on a hardware wallets, then why not try software based ones? Specifically those desktop wallets which is way more secured than web based ones.
Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.
I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano
I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.
I do not know much about hardware wallets. Hardware wallet are dedicated USB devices that can hold private keys electronically and facilitate payments. It is being used by those that did not trust other storage. But I believe in blockchain. So I think I do not need one right now.
So you're holding your coins in an online wallet?
Good luck with that!
Even heard of the phrase: " Confidence is good, but control is better!" or "Better safe than sorry"
Thanks for sharing I'm not the most artsy person. But I found this to be very interesting. I would not put the BTC logo on it.
But people seeing it depending on paint might suspect paper weight or something. Most will not think a paper wallet is inside of it. I would do a little more on protection of paper in it in case it leaks when making or something bad.
You don't have to do it the same way. But the video is a nice inspiration to create your own methods of how to store your bitcoins safely.
Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.
I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano
I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.
I do not know much about hardware wallets. Hardware wallet are dedicated USB devices that can hold private keys electronically and facilitate payments. It is being used by those that did not trust other storage. But I believe in blockchain. So I think I do not need one right now.
Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.
there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.
uhm, i'm talking about a fresh new OS installation, there is no malware, how can a malware can ever be installed on a fresh ssd with a fresh new OS, impossible
the system is 100% secure, i have a primarily example of this, with my machine, which was never violated, and tons of private keys passed from here
impossible my machine was new 100%, from motherboard to cpu to vga to anything, you're telling me that new pieces of HW are sold with rootkit inside it
this is must be the worst argument i've heard ever
and the article is talking about an attack, which mean that the user installed something, again this is not what iw as taling about
The intruder gets access to the target computer, yes how? if you let it take your computer it's obvious that you deserve to be hacked...
Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.
I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano
I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.
I have not used any hardware wallets so far. This is because of fear of using new technology for my hard earned bitcoins and secondarily the cost of hardware wallets. May be after your recommendation I will change my opinions and will look for it.
I do understand the concern tough... I trust the firmware that's on the HW wallet, like you said, it's opensourced.... BUT, i don't trust the fact that when i do something wrong, i could potentially lose all my coins...
Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.
I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano
I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.
I have not used any hardware wallets so far. This is because of fear of using new technology for my hard earned bitcoins and secondarily the cost of hardware wallets. May be after your recommendation I will change my opinions and will look for it.
Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.
I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano
I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.
I have not used any hardware wallets so far. This is because of fear of using new technology for my hard earned bitcoins and secondarily the cost of hardware wallets. May be after your recommendation I will change my opinions and will look for it.
Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.
there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.
uhm, i'm talking about a fresh new OS installation, there is no malware, how can a malware can ever be installed on a fresh ssd with a fresh new OS, impossible
the system is 100% secure, i have a primarily example of this, with my machine, which was never violated, and tons of private keys passed from here
Thanks for sharing I'm not the most artsy person. But I found this to be very interesting. I would not put the BTC logo on it.
But people seeing it depending on paint might suspect paper weight or something. Most will not think a paper wallet is inside of it. I would do a little more on protection of paper in it in case it leaks when making or something bad.
there is a wallet called armory so i believe it is the safest one if you dont want to use any physical wallets or paper wallets
safest way of storing your bitcoins is most definitely a hardware wallet if you dont want to buy gadgets like that then its a paper wallet
Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.
there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.
uhm, i'm talking about a fresh new OS installation, there is no malware, how can a malware can ever be installed on a fresh ssd with a fresh new OS, impossible
the system is 100% secure, i have a primarily example of this, with my machine, which was never violated, and tons of private keys passed from here
Well, i'd say you put your wallet.dat files onto a hard drive, and then stick it into a bank vault. Give proof of how much bitcoin is in the hard drive, and if your hard drive gets corrupted, you can sue the bank.
What will bank do with you hdd, i don't think they will touch it,
As long as you sent to them as more secure environment.
I think that you have to have more than 2-3 copies (backups)
Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.
there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.
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