to save the counter, indeed in the wallet there are many wallets depending on which one you want, all will definitely be connected to the internet because for transactions and avoid fraud and people who are not responsible ..
Yup but internet it self can be a danger to bitcoin storage. We might store our coins on an online wallet or an offline wallet but end up loosing our coins if the system is hacked or fails. 
Topic: Where should I keep my bitcoins? - page 5. (Read 758 times)
to save the counter, indeed in the wallet there are many wallets depending on which one you want, all will definitely be connected to the internet because for transactions and avoid fraud and people who are not responsible ..
Until now, my bitcoin has been saved in an online wallet ... because I think it's more comfortable to hire me .........
and the second cause ... I only have a small amount of bitcoin ... so I am more comfortable storing my bitcoin in an online wallet
Ahan! so it not only depends on the safety but also on the number of coins we hold. For a greater number of coins we should prefer keeping them in a cold wallet but if the coin holding is not very high then it is easier to keep the coins in on online wallet. and the second cause ... I only have a small amount of bitcoin ... so I am more comfortable storing my bitcoin in an online wallet
Until now, my bitcoin has been saved in an online wallet ... because I think it's more comfortable to hire me .........
and the second cause ... I only have a small amount of bitcoin ... so I am more comfortable storing my bitcoin in an online wallet
and the second cause ... I only have a small amount of bitcoin ... so I am more comfortable storing my bitcoin in an online wallet
Just using paper wallet or hardware wallet to safe your own bitcoin. That are safe place to keep bitcoin as far as I knew. But, yeah you still need internet connection to transfer them.
So until we need to make any transactions the best place to keep our coins would be a paper wallet and it would be best for when we only want to hold our coins and not transact them.
Just using paper wallet or hardware wallet to safe your own bitcoin. That are safe place to keep bitcoin as far as I knew. But, yeah you still need internet connection to transfer them.
Yes, that's for sure, because crypto is basically required to be connected to the internet, there is no bitcoin wallet that is not connected to the internet.
use a hardware wallet
I am confused on how cold wallets and hot wallets differ. To make any transaction we still need to get access to internet. Then how are they different?
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
Cold wallet is for storing your bitcoins in offline mode..It prevents unauthorized access and also from hacking when you have more number of bitcoins !!Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
I am confused on how cold wallets and hot wallets differ. To make any transaction we still need to get access to internet. Then how are they different?
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
Cold wallet is for storing your bitcoins in offline mode..It prevents unauthorized access and also from hacking when you have more number of bitcoins !! Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
There are many ways to keep our Bitcoin safe.
- On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
So if we use 3 security options then we will need to verify the transaction on all three platforms to complete that transaction?- On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
Yes, but if that "local exchange website" has a bug, is facing a hack/theft, goes bankrupt or so, your money is gone.
If your phone is stolen, the thief will access your 2FA and your e-mail and obviously your phone so your money is, again not safe.
Of course, the safety levels you need depend on the amount of money we talk about.
Okay so before deciding the type of wallet we need, we should see the value of coins in hand. So this is another point to remember before choosing a wallet.
There are many ways to keep our Bitcoin safe.
- On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
So if we use 3 security options then we will need to verify the transaction on all three platforms to complete that transaction?- On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
Yes, but if that "local exchange website" has a bug, is facing a hack/theft, goes bankrupt or so, your money is gone.
If your phone is stolen, the thief will access your 2FA and your e-mail and obviously your phone so your money is, again not safe.
Of course, the safety levels you need depend on the amount of money we talk about.
There are many ways to keep our Bitcoin safe.
- On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
So if we use 3 security options then we will need to verify the transaction on all three platforms to complete that transaction? - On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
I am confused on how cold wallets and hot wallets differ. To make any transaction we still need to get access to internet. Then how are they different?
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
Cold wallet is only needed to sign the transaction.
For example you generate the transaction on a view-only wallet (based on the address, not on private key), which stays online safely, transfer with an USB stick that transaction to the cold wallet (offline) computer, sign it, go back to the online computer and dispatch it.
However, if you only store your Bitcoin and don't plan to spend, (safely generated!) paper wallet is cheap and pretty safe. And you can always send more Bitcoin to that, you can always check the balance safely online and, as long as you keep your private key safely and privately on a piece of paper nobody else can spend your coins until you import the private key into a wallet.
There are many ways to keep our Bitcoin safe.
- On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
- On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
- On a paper wallet.
- On a bearer item such as a physical bitcoin.
- Use a offline Bitcoin Hardware wallet.
But i am keeping my Bitcoins in the local Exchange website, connected with the mail, phone message and Google autanticator. So with this 4 security option i think my Bitcoins sleeping so safe. All i want to say you should have at least 3 security options..
I am confused on how cold wallets and hot wallets differ. To make any transaction we still need to get access to internet. Then how are they different?
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
Cold wallet is only needed to sign the transaction.
For example you generate the transaction on a view-only wallet (based on the address, not on private key), which stays online safely, transfer with an USB stick that transaction to the cold wallet (offline) computer, sign it, go back to the online computer and dispatch it.
However, if you only store your Bitcoin and don't plan to spend, (safely generated!) paper wallet is cheap and pretty safe. And you can always send more Bitcoin to that, you can always check the balance safely online and, as long as you keep your private key safely and privately on a piece of paper nobody else can spend your coins until you import the private key into a wallet.
I am confused on how cold wallets and hot wallets differ. To make any transaction we still need to get access to internet. Then how are they different?
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
Being connected to the internet makes the wallet hot and every wallet needs to connect to the internet for any transactions.
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