Which is the safest wallet to use for long term offline storage? - page 3.

daemonfox

hero member

Activity: 630

Merit: 500

Quote from: Scorpion on June 09, 2017, 12:44:32 AM

In my personal opinion make a paper wallet and back those paper wallets up with copies. Laminate all of these paper wallets and store the second and maybe third copies at separate locations.

OP, screw what anyone else told you... ^^^^^ THIS is all you need!

Go use Vanitygen, get yourself some addresses and pub/priv keys, print it in triplicate, laminate and store in locked, secured places.

By using Vanitygen, you get addresses and keys without ever having to use a third party or sync a Bitcoin client, and you can even attempt to get an address with a custom starting word or name!

HongKong

hero member

Activity: 812

Merit: 500

Quote from: pterodactyl on June 09, 2017, 12:35:07 AM

Which is the safest wallet to use?

I'm buying a laptop that will always be offline and used just to store my bitcoins. I'm wondering which would be the safest wallet to use to store the coins.

If you plan on holding Bitcoin for a very long time then I would suggest that you get Bitcoin core and use that to hold your Bitcoins. The time it requires for you to download the whole blockchain will be a while though if you have a bunch of free space on your computer then i would recommend that you get that instead of any other Bitcoin client.

ilovefeetsmell

hero member

Activity: 686

Merit: 510

Quote from: pterodactyl on June 09, 2017, 12:35:07 AM

Which is the safest wallet to use?

I'm buying a laptop that will always be offline and used just to store my bitcoins. I'm wondering which would be the safest wallet to use to store the coins.

In my long time in earning bitcoin, I think all wallets that we've used to store our bitcoin/coins are safest and secured. All administrator of the wallet has the trick on how to be secured their wallet. They want to be trusted and reliable to encourage people to use their wallet via online or offline. I haven't used anymore offline wallet but I'm pretty sure that is safe.

soul-impact

hero member

Activity: 854

Merit: 500

Quote from: pterodactyl on June 09, 2017, 12:35:07 AM

Which is the safest wallet to use?

I'm buying a laptop that will always be offline and used just to store my bitcoins. I'm wondering which would be the safest wallet to use to store the coins.

There is no best wallet for comparison between wallets offline, because they are all safe, and they have similar features. For offline wallets (hardware wallet), you are the only person who can secure your money, as long as you do not let anyone know your private key, they can not steal your money.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

I am using electrum and its ok with me, I can save my wallet.dat and private keys. I feel safe with it unless someone hacks the system. All standalone wallet is ok IMHO as you have control with your wallet.

Hypnosis00

sr. member

Activity: 2478

Merit: 343

20BET - Premium Casino & Sportsbook

If you don't have any kind of money that is extra and can be used for buying some offline storage and you only got internet and laptop or desktop then using a desktop wallet is good for you as long as it has good feed backs and also if it already built some good reputation in different communities like electrum which is what i'm using right now.

David Horton

newbie

Activity: 96

Merit: 0

In my opinion, I would recommend you to use one between the four as I consider them being the best
Electrum
Bitcoin Core
Bitcoin Knots
Armory

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: asyakashi on June 09, 2017, 02:43:21 AM

The most important thing is to always update the security of the Laptop and prepare periodic data backups. The case of ransomware should be a lesson on how to secure data including wallet.

dude he's talking about an offline computer, which is the only safe way to keep coin safe. keep to the topic, huh?

@op how the big boys roll: http://trilema.com/2013/how-to-airgap-a-practical-guide/

cryptoheadd

hero member

Activity: 1036

Merit: 501

I'd recommend using a hardware wallet for daily usage and paper wallet for cold storage.
Or, buy a cheap laptop just for storing Bitcoin and alts and use electrum. I use Asus Eeebook, costs around $200.

asyakashi

sr. member

Activity: 1918

Merit: 256

DGbet.fun - Crypto Sportsbook

The most important thing is to always update the security of the Laptop and prepare periodic data backups. The case of ransomware should be a lesson on how to secure data including wallet.

irukandji

sr. member

Activity: 631

Merit: 258

Hardware wallets like Ledger wallet might be worth a look too

SimmonenY

full member

Activity: 224

Merit: 100

Electrum works fine for me.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

If you are planning to buy a laptop simply for storing bitcoins then I'd recommend buying a Ledger Nano S instead. If you want to go with something cheaper/free, go with a paper wallet (laminated just for more extra safety)

Kakmakr

legendary

Activity: 3542

Merit: 1966

Leading Crypto Sports Betting & Casino Platform

Use the laptop to create paper wallets and never go online with it again. If you want to re-use it, buy a new hard drive and substitute the hard drives when you want to go online. Just remember that paper wallets have to be printed and laminated, if you want to store them for long periods. {Cool & Dry place} Do not generate them and keep them in digital format for long periods. {electronics can fail} The printer you use, is also a possible risk factor. < It has built in memory or cache and can be read once it is online, so buy some cheap old printer that will stay offline too > ^smile^

dwtan

newbie

Activity: 11

Merit: 0

A hardware wallet like ledger nano or trezor should be fine.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: pterodactyl on June 09, 2017, 12:35:07 AM

Which is the safest wallet to use?

I'm buying a laptop that will always be offline and used just to store my bitcoins. I'm wondering which would be the safest wallet to use to store the coins.

i think every wallet has a good security for the members and if there is any hole with the wallet, the dev will trying to fix and make an update so the users can download it directly. you can trying to use desktop wallet which is bitcoin-qt, multibit, electrum and many else and you can used whatever you want.

Herbert2020

legendary

Activity: 1946

Merit: 1137

any bitcoin wallet can be the safest as long as:
* it is a legit wallet which has been around and has been tested for many years.
* you download it from the real source, meaning official website or compile it directly from its source code on GitHub.
* you check and verify the signature of the downloaded file
* you install and keep the installed wallet on an airtight offline computer which has always been clean and is only used for purpose of storing your wallet and nothing else.
* or use the wallet/code to generate a paper wallet (printing the private keys on paper)

you can use bitcoin core, Armory, Electrum, Multibit, bitaddress...

Scorpion

hero member

Activity: 887

Merit: 516

Bitcoin OG

In my personal opinion make a paper wallet and back those paper wallets up with copies. Laminate all of these paper wallets and store the second and maybe third copies at separate locations.

Amph

legendary

Activity: 3248

Merit: 1070

a laptop just for bitcoin, that works as a private bank, was also my idea, but i opted for a less cumbersome way like the simple usb stick, the key is just to be offline

but with a laptop you can use your coin if you want, if the environment is secure enough

pterodactyl

member

Activity: 106

Merit: 10

Which is the safest wallet to use?

I'm buying a laptop that will always be offline and used just to store my bitcoins. I'm wondering which would be the safest wallet to use to store the coins.

Topic: Which is the safest wallet to use for long term offline storage? - page 3. (Read 2196 times)