What is the safest way to store Bitcoins? - page 2.

Amph

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Quote from: Watoshi on October 27, 2015, 10:25:41 PM

Repormat a pc or buy a new one. Install bitcoin. 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?

ranochigo

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Quote from: mixan on October 27, 2015, 09:53:50 AM

Quote from: Sugarape on October 27, 2015, 04:59:08 AM

Quote from: winguard on October 23, 2015, 09:36:16 AM

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

Quote from: jt byte on October 27, 2015, 09:48:20 AM

Quote from: Sugarape on October 27, 2015, 04:59:08 AM

Quote from: winguard on October 23, 2015, 09:36:16 AM

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.

That is still pricey. I went to mycelium's website and they offer a similar product but it is referred to as a paper wallet. How is ledger and the usb from mycelium different? Was looking at trezor but was to much money then had interest in ledger now looking at mycelium as an alternative.

Ledger is basically a hardware wallet which you can plug into your computer to make payments without the risk of it getting hacked. Mycelium USB is a paper wallet generator which you can plug into your printer to print out paper wallet with secure entropy. With paper wallet, you need a additional secure device to scan the Qr code of private key and spend it.

Watoshi

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Repormat a pc or buy a new one. Install bitcoin. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.

Decoded

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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.

bikoBoy

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paper wallet in multiple copies IMO.

mixan

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Quote from: Sugarape on October 27, 2015, 04:59:08 AM

Quote from: winguard on October 23, 2015, 09:36:16 AM

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

Quote from: jt byte on October 27, 2015, 09:48:20 AM

Quote from: Sugarape on October 27, 2015, 04:59:08 AM

Quote from: winguard on October 23, 2015, 09:36:16 AM

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.

That is still pricey. I went to mycelium's website and they offer a similar product but it is referred to as a paper wallet. How is ledger and the usb from mycelium different? Was looking at trezor but was to much money then had interest in ledger now looking at mycelium as an alternative.

jt byte

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Quote from: Sugarape on October 27, 2015, 04:59:08 AM

Quote from: winguard on October 23, 2015, 09:36:16 AM

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.

Sugarape

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Quote from: winguard on October 23, 2015, 09:36:16 AM

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

iram66680

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Quote from: s1ng on October 23, 2015, 09:20:52 AM

I'm using online wallet all the time ( until now ) As I heard that online wallet is worrying me.
I'm wonder what the easiest offline wallet that I can learn with fast so I can move some of my storage from online into offline wallet

There are hardware wallets which are secure but at the same time overly expensive. You can install raspbian on a raspberry pi and use electrum as a software wallet. Even though many wallets offer offline features, electrum IMO, is the most convenient one with offline signing.

Quote from: chaser15 on October 27, 2015, 04:42:32 AM

Quote from: notlist3d on October 24, 2015, 12:03:22 PM

Quote from: brandken on October 24, 2015, 11:02:35 AM

Store you wallet files into safe or go for paper wallets...

Paper wallets should really be stored in a fireproof safe. If your doing paper wallets they are good against hacking, not against elements.

Even a bank security box is very good tool to use to store paper, or usb wallets.

Just a quick question Sir. What if paper wallet gone or misplaced? Or let's say it burned to fire accidentally.

What method does a holder can do to retrieve it? Or is multiple paper wallet with the same private key are possible? lol.

To spend your Bitcoin, you definitely need the private key. Without it, your coins are as well as gone. You should keep multiple copies of it at different geographical places if possible.

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Quote from: notlist3d on October 24, 2015, 12:03:22 PM

Quote from: brandken on October 24, 2015, 11:02:35 AM

Store you wallet files into safe or go for paper wallets...

Paper wallets should really be stored in a fireproof safe. If your doing paper wallets they are good against hacking, not against elements.

Even a bank security box is very good tool to use to store paper, or usb wallets.

Just a quick question Sir. What if paper wallet gone or misplaced? Or let's say it burned to fire accidentally.

What method does a holder can do to retrieve it? Or is multiple paper wallet with the same private key are possible? lol.

notlist3d

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Quote from: brandken on October 24, 2015, 11:02:35 AM

Store you wallet files into safe or go for paper wallets...

Paper wallets should really be stored in a fireproof safe. If your doing paper wallets they are good against hacking, not against elements.

Even a bank security box is very good tool to use to store paper, or usb wallets.

brandken

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Store you wallet files into safe or go for paper wallets...

notlist3d

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Quote from: boby-2 on October 24, 2015, 09:06:41 AM

Bitcoin wallets store the private keys that
you need to access a bitcoin address and
spend your funds.

They come in different
forms, designed for different types of device.

You can even use paper storage to avoid
having them on a computer at all. Of course,
it is very important to secure and back up
your bitcoin wallet.

Bitcoin wallets come in a variety of forms.
There are five main types of wallet: desktop,
mobile, web, paper and hardware. Here’s how
they work.

Why not just link to the article? - http://www.coindesk.com/information/how-to-store-your-bitcoins/

Appears to be a copy/paste post from there.

boby-2

newbie

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Bitcoin wallets store the private keys that
you need to access a bitcoin address and
spend your funds.

They come in different
forms, designed for different types of device.

You can even use paper storage to avoid
having them on a computer at all. Of course,
it is very important to secure and back up
your bitcoin wallet.

Bitcoin wallets come in a variety of forms.
There are five main types of wallet: desktop,
mobile, web, paper and hardware. Here’s how
they work.

Amph

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Activity: 3248

Merit: 1070

Quote from: fireball4 on October 23, 2015, 04:13:20 PM

i believe it is hardware wallet

no too expensive, and they don't offer a better security than storing in a multiple cheap usb, and then close those in a safe box, that is shielded against mmagnetism or other kind of wave to prevent some form of hacking

notlist3d

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Quote from: fireball4 on October 23, 2015, 04:13:20 PM

i believe it is hardware wallet

There is no "believing". Hardware most likely is easiest to use and be safe.

But a cold paper wallet is safest way, assuming done right. People can mess up doing it though if infected or something else bad on PC or Printer when they make it. But cold paper wallet I think is safe to say safest, if done right.

fireball4

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i believe it is hardware wallet

jt byte

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Quote from: winguard on October 23, 2015, 02:47:52 PM

Quote from: jt byte on October 23, 2015, 10:31:50 AM

Quote from: winguard on October 23, 2015, 10:00:40 AM

Quote from: jt byte on October 23, 2015, 09:41:07 AM

Quote from: winguard on October 23, 2015, 09:36:16 AM

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 do not own any Trezor hardware wallet but as i have seen many review here in forum,
It seems that this hardware wallet is one of the most trusted and secured wallet.
It's much more safe than using online wallets, and trezor can be integrated in Electrum AFAIK.

I just checked on their website.. it's more secured than online wallet yet easy to use and supports not only bitcoin but doge,Litecoin, Namecoin, Dogecoin, Dash and Testnet. I might get one when i have the money.

Not everyone has the opportunity to buy a trezor,
Because it cost a lot for new bitcoin people.
But i think that if you hold more than >10BTC a trezor is needed.

Right mate.. at $99 plus shipping fee it's still pricey.

When you look closely it is not much expensive.
Maybe there are also many other ways to secure your bitcoins.
But if you have a good amount of bitcoin trezor should be there.

Possum577

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Quote from: pilscoop on September 28, 2015, 01:39:10 PM

Other than physical wallets

Check out this link, it talks about the safety of wallets and provides comparison: https://bitcoin.org/en/choose-your-wallet

notlist3d

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Quote from: winguard on October 23, 2015, 02:47:52 PM

Quote from: jt byte on October 23, 2015, 10:31:50 AM

Quote from: winguard on October 23, 2015, 10:00:40 AM

Quote from: jt byte on October 23, 2015, 09:41:07 AM

Quote from: winguard on October 23, 2015, 09:36:16 AM

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 do not own any Trezor hardware wallet but as i have seen many review here in forum,
It seems that this hardware wallet is one of the most trusted and secured wallet.
It's much more safe than using online wallets, and trezor can be integrated in Electrum AFAIK.

I just checked on their website.. it's more secured than online wallet yet easy to use and supports not only bitcoin but doge,Litecoin, Namecoin, Dogecoin, Dash and Testnet. I might get one when i have the money.

Not everyone has the opportunity to buy a trezor,
Because it cost a lot for new bitcoin people.
But i think that if you hold more than >10BTC a trezor is needed.

Right mate.. at $99 plus shipping fee it's still pricey.

Depends on your holdings. 99 dollars to secure thousands or more.... not really sounding so bad. But if you have 1-2 BTC it is looking like a big portion of your money.

So hardware is not for all. The good thing is paper wallets you can do for pretty much free and are useful at any level of holding.

Topic: What is the safest way to store Bitcoins? - page 2. (Read 6532 times)