Topic: What's the safest way to store BTC? - page 4. (Read 4615 times)
If you are still paranoid, you could still use something like WinRAR to compress the file and split it. Place them in a few USBs. When you need your wallet, you will have to get all the files together. But if you lose 1 of them, then you cannot recover it.
You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
I'm sorry but this is terrible advice.The most secure way of storing bitcoins is using an offline wallet, strong password and a paper backup in a safe.
How many coins has the OP got? The security precautions should be in proportion to the value he is protecting.
I'm not comfortable about answering that. It's like going up to a stranger in the streets and asking how much they have/make.Fine, no problem. Sounds like you have a lot then
If so, stick them in your safe 
How many coins has the OP got? The security precautions should be in proportion to the value he is protecting.
I'm not comfortable about answering that. It's like going up to a stranger in the streets and asking how much they have/make.
How many coins has the OP got? The security precautions should be in proportion to the value he is protecting.
I think he means if the flash drive is stolen, the thief instantly has both the password and password wallet.
It seems a bit extreme considering if it gets stolen, who would know about bitcoins, Just store some porn in there, and mix the wallet with the porn, and hide it god around your house simple as that 
You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this.It's like locking your door but leaving the key in the lock.
Ugghmm??
I think he means if the flash drive is stolen, the thief instantly has both the password and password wallet.
Crazy idea, what if I just store it on a microSD and wrap it in thin silicone sheet. Then, cut a small incision on my skin and shove the SD underneath the skin... (Got this idea after watching Con Air)
It's not as simple as that. The SD could move and get stuck under your skin so you couldn't retrieve it (unless of course if you do another incision, but that's too much harm, at least for me).
Crazy idea, what if I just store it on a microSD and wrap it in thin silicone sheet. Then, cut a small incision on my skin and shove the SD underneath the skin... (Got this idea after watching Con Air)
Safest way is to encrypt your wallet with a strong password and store it offline, so you are correct in thinking you can store the wallet.dat on a USB flash drive.
Be sure to make more than one backup of your wallet if you plan on storing long term - you never know if the USB drive will stop working after 3 years, or your house burns down, taking your safe contents with it.
I have an online wallet for everyday spending, and an offline wallet for long term savings, with my wallet.dat backups on USB drives I have stored in different places.
2 Factor-Authentication is good, but this still relies on you using a 3rd party service to keep your funds safe, and is still connected to the internet.
If you are really paranoid you can Truecrypt your USB drive with a long passphrase, as well as encrypting your bitcoin wallet through the bitcoin client.
Be sure to make more than one backup of your wallet if you plan on storing long term - you never know if the USB drive will stop working after 3 years, or your house burns down, taking your safe contents with it.
I have an online wallet for everyday spending, and an offline wallet for long term savings, with my wallet.dat backups on USB drives I have stored in different places.
2 Factor-Authentication is good, but this still relies on you using a 3rd party service to keep your funds safe, and is still connected to the internet.
If you are really paranoid you can Truecrypt your USB drive with a long passphrase, as well as encrypting your bitcoin wallet through the bitcoin client.
thats it
. encrypt it and use a usb stick. and only use high quality usb sticks and more than one. you can also safe it on a cd.some people love paper wallets. you can google that too.
You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this.It's like locking your door but leaving the key in the lock.
Ugghmm??
I think he means if the flash drive is stolen, the thief instantly has both the password and password wallet.
You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this.It's like locking your door but leaving the key in the lock.
Ugghmm??
Please move this topic to the correct section if this is not the right place.
Alright, so I've been reading some threads saying they got their wallet hacked from blockchain and/or local wallet. Paper wallet isn't an option for me because I lose every single paper I own.... How safe is the 2-factor authentication? Can it be hacked somehow? Is it possible to store the wallet into a flash drive? Because I can just put it on my flash drive and keep it in my safe.
Alright, so I've been reading some threads saying they got their wallet hacked from blockchain and/or local wallet. Paper wallet isn't an option for me because I lose every single paper I own.... How safe is the 2-factor authentication? Can it be hacked somehow? Is it possible to store the wallet into a flash drive? Because I can just put it on my flash drive and keep it in my safe.
If you've got a safe put the paper inside the safe? Can you really lose that?
updated post to reflect proper operating system data locations.
When I want to import the wallet.dat file into the local wallet, how do I do that? I don't see any import options.
I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
To import your wallet back into your client, you need to copy your wallet.dat into the right folder and then open the bitcoin client, which OS do you use?I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
wallet location:
Windows: C:\Users\[USER]\%APPDATA%\Bitcoin <-- you would paste your wallet.dat into this folder for example.
Linux: ~/.bitcoin/
Mac: ~/Library/Application Support/Bitcoin/
When I want to import the wallet.dat file into the local wallet, how do I do that? I don't see any import options.
I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
To import your wallet back into your client, you need to copy your wallet.dat into the right folder and then open the bitcoin client, which OS do you use?I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
wallet location:
Windows XP: C:\Users\[USER]\%APPDATA%\Bitcoin <-- you would paste your wallet.dat into this folder for example.
Windows 7/Vista: C:\Users\YourUserName\Appdata\Roaming\Bitcoin <-- you would paste your wallet.dat into this folder for example.
Linux: ~/.bitcoin/
Mac: ~/Library/Application Support/Bitcoin/
When I want to import the wallet.dat file into the local wallet, how do I do that? I don't see any import options.
I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
Paper or other cold storage wallet with encrypted private key stored in a safety deposit box at your bank.
You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this.It's like locking your door but leaving the key in the lock.
Safest way is to encrypt your wallet with a strong password and store it offline, so you are correct in thinking you can store the wallet.dat on a USB flash drive.
Be sure to make more than one backup of your wallet if you plan on storing long term - you never know if the USB drive will stop working after 3 years, or your house burns down, taking your safe contents with it.
I have an online wallet for everyday spending, and an offline wallet for long term savings, with my wallet.dat backups on USB drives I have stored in different places.
2 Factor-Authentication is good, but this still relies on you using a 3rd party service to keep your funds safe, and is still connected to the internet.
If you are really paranoid you can Truecrypt your USB drive with a long passphrase, as well as encrypting your bitcoin wallet through the bitcoin client.
wallet location:
Windows XP: C:\Users\[USER]\%APPDATA%\Bitcoin\
Windows 7/Vista: C:\Users\YourUserName\Appdata\Roaming\Bitcoin
Linux: ~/.bitcoin/
Mac: ~/Library/Application Support/Bitcoin/
further reading; https://en.bitcoin.it/wiki/Securing_your_wallet
Hope this helps,
Alienwalkerx
Be sure to make more than one backup of your wallet if you plan on storing long term - you never know if the USB drive will stop working after 3 years, or your house burns down, taking your safe contents with it.
I have an online wallet for everyday spending, and an offline wallet for long term savings, with my wallet.dat backups on USB drives I have stored in different places.
2 Factor-Authentication is good, but this still relies on you using a 3rd party service to keep your funds safe, and is still connected to the internet.
If you are really paranoid you can Truecrypt your USB drive with a long passphrase, as well as encrypting your bitcoin wallet through the bitcoin client.
wallet location:
Windows XP: C:\Users\[USER]\%APPDATA%\Bitcoin\
Windows 7/Vista: C:\Users\YourUserName\Appdata\Roaming\Bitcoin
Linux: ~/.bitcoin/
Mac: ~/Library/Application Support/Bitcoin/
further reading; https://en.bitcoin.it/wiki/Securing_your_wallet
Hope this helps,
Alienwalkerx
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