Thanks to everyone who share their thoughts here.
I now want to know how to protect my wallet in the best way, and encrypting my wallet file. Could you share thoughts on this? Appreciated!
Topic: Which offline wallet do you use, and why? (Read 5289 times)
Bitcoin Core is best offline wallet for bitcoin.
A paper wallet is a mechanism for storing bitcoins offline as a physical document that can be secured like cash or anything else of real-world .
Electrum and Multibit
7zip use AES256 which is very safe.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
But when I use 7zip to encrypt the wallet file, I only need to type the password once. After that, everytime I open my file I don't need to type the password. I want to make sure that everytime I open the file, I need to type the password.
Also, when you open electrum, it loads the wallet file instantly right? So how do you encrypt it with a long password? I just have one password for it and no encryption.
Not sure what you mean by that. Every time you want to open/extract the .7z file you need to type the password.
Yup you don't need to type the password to open electrum and see the balance and addresses, but you need to type the password to spend the bitcoin or see the private keys. So, your bitcoin is still safe if someone has your wallet file only but not your password.
So thats how it is! Thanks for your explanation, I appreciate it.
So there is no point in backing up the wallet file right? Only keeping the seed safe on some papers would do the work just perfectly fine, right?
Also, can I prevent someone from opening the folder, where the electrum wallet is and the wallet file? Like I said when I used 7zip to encrypt it, I needed to only type the password once. But you say that it is every time, for me its not. I just right click on the folder, and choose the Add to archie optio. Then I get a zip file, and when I open my wallet, I have to type the password. So yeah it's correct until here. But my wallet is also in the folder. And I want to have passowrd protection each time before the folder opens, wether its in the zipfile or not. Just to protect the wallet file. Is this possible?
I think on windows you have the option to create a briefcase or passwordprotect a file folder.
I have seen something like that but I don't seem to find it now, and it feels like I wouldn't trust that lol. Have you had any experince with AxCrypt or File Locker? Or how do you keep your wallet and wallet file safe?
I am using Bitcoin Core.
7zip use AES256 which is very safe.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
But when I use 7zip to encrypt the wallet file, I only need to type the password once. After that, everytime I open my file I don't need to type the password. I want to make sure that everytime I open the file, I need to type the password.
Also, when you open electrum, it loads the wallet file instantly right? So how do you encrypt it with a long password? I just have one password for it and no encryption.
Not sure what you mean by that. Every time you want to open/extract the .7z file you need to type the password.
Yup you don't need to type the password to open electrum and see the balance and addresses, but you need to type the password to spend the bitcoin or see the private keys. So, your bitcoin is still safe if someone has your wallet file only but not your password.
So thats how it is! Thanks for your explanation, I appreciate it.
So there is no point in backing up the wallet file right? Only keeping the seed safe on some papers would do the work just perfectly fine, right?
Also, can I prevent someone from opening the folder, where the electrum wallet is and the wallet file? Like I said when I used 7zip to encrypt it, I needed to only type the password once. But you say that it is every time, for me its not. I just right click on the folder, and choose the Add to archie optio. Then I get a zip file, and when I open my wallet, I have to type the password. So yeah it's correct until here. But my wallet is also in the folder. And I want to have passowrd protection each time before the folder opens, wether its in the zipfile or not. Just to protect the wallet file. Is this possible?
I think on windows you have the option to create a briefcase or passwordprotect a file folder.
7zip use AES256 which is very safe.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
But when I use 7zip to encrypt the wallet file, I only need to type the password once. After that, everytime I open my file I don't need to type the password. I want to make sure that everytime I open the file, I need to type the password.
Also, when you open electrum, it loads the wallet file instantly right? So how do you encrypt it with a long password? I just have one password for it and no encryption.
Not sure what you mean by that. Every time you want to open/extract the .7z file you need to type the password.
Yup you don't need to type the password to open electrum and see the balance and addresses, but you need to type the password to spend the bitcoin or see the private keys. So, your bitcoin is still safe if someone has your wallet file only but not your password.
So thats how it is! Thanks for your explanation, I appreciate it.
So there is no point in backing up the wallet file right? Only keeping the seed safe on some papers would do the work just perfectly fine, right?
Also, can I prevent someone from opening the folder, where the electrum wallet is and the wallet file? Like I said when I used 7zip to encrypt it, I needed to only type the password once. But you say that it is every time, for me its not. I just right click on the folder, and choose the Add to archie optio. Then I get a zip file, and when I open my wallet, I have to type the password. So yeah it's correct until here. But my wallet is also in the folder. And I want to have passowrd protection each time before the folder opens, wether its in the zipfile or not. Just to protect the wallet file. Is this possible?
7zip use AES256 which is very safe.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
But when I use 7zip to encrypt the wallet file, I only need to type the password once. After that, everytime I open my file I don't need to type the password. I want to make sure that everytime I open the file, I need to type the password.
Also, when you open electrum, it loads the wallet file instantly right? So how do you encrypt it with a long password? I just have one password for it and no encryption.
Not sure what you mean by that. Every time you want to open/extract the .7z file you need to type the password.
Yup you don't need to type the password to open electrum and see the balance and addresses, but you need to type the password to spend the bitcoin or see the private keys. So, your bitcoin is still safe if someone has your wallet file only but not your password.
How do you make a good backup for your wallet? Do you just write down the seed and thats it, or is anyone doing anything with private keys? I am using electrum just in case anyone thinks of a good backup solution for this type of wallet.
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
If you haven't imported any private keys to your Electrum wallet, just the 12-word seed is everything you need to backup.
I keep my 90% of my bitcoin in an offline Electrum wallet and the rest in my bitcoin core hot wallet.
Do you save that 90% of your bitcoins in just one electrum wallet or in serveral wallets?
Just one.
If I use 3 different wallets, I would need to keep them on 3 different places and I will likely forget where they are in a year or two.
So just one wallet will be safe, just by saving the 12-word seed on a paper and in another place just in case. But how do I encrypt the file? I've used 7-zip encrypt but I am not really satisfied with it. I am testing AxCrypt, it's encrypting a file with a password. Is this enough of security or should I use a 2nd encryption software?
I haven't seen anyone writing something about AxCrypt here so I can't tell if this is giving any good protection, but anyone who have some experience from it, let me know!
I am a bit confused. Does people encrypt their wallet file or just the whole wallet software? The wallet software loads the wallet file automatically right? Anyone care to explain more about encrypting a wallet?
7zip use AES256 which is very safe.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
But when I use 7zip to encrypt the wallet file, I only need to type the password once. After that, everytime I open my file I don't need to type the password. I want to make sure that everytime I open the file, I need to type the password.
Also, when you open electrum, it loads the wallet file instantly right? So how do you encrypt it with a long password? I just have one password for it and no encryption.
I use Electrum because it doesn't download all the blockchain and it's also easy to recover ( by the seed ) if something goes wrong.
How do you make a good backup for your wallet? Do you just write down the seed and thats it, or is anyone doing anything with private keys? I am using electrum just in case anyone thinks of a good backup solution for this type of wallet.
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
If you haven't imported any private keys to your Electrum wallet, just the 12-word seed is everything you need to backup.
I keep my 90% of my bitcoin in an offline Electrum wallet and the rest in my bitcoin core hot wallet.
Do you save that 90% of your bitcoins in just one electrum wallet or in serveral wallets?
Just one.
If I use 3 different wallets, I would need to keep them on 3 different places and I will likely forget where they are in a year or two.
So just one wallet will be safe, just by saving the 12-word seed on a paper and in another place just in case. But how do I encrypt the file? I've used 7-zip encrypt but I am not really satisfied with it. I am testing AxCrypt, it's encrypting a file with a password. Is this enough of security or should I use a 2nd encryption software?
I haven't seen anyone writing something about AxCrypt here so I can't tell if this is giving any good protection, but anyone who have some experience from it, let me know!
I am a bit confused. Does people encrypt their wallet file or just the whole wallet software? The wallet software loads the wallet file automatically right? Anyone care to explain more about encrypting a wallet?
7zip use AES256 which is very safe.
I first encrypt the wallet within Electrum with a long password, and then use 7zip to encrypt the wallet file with a different long password.
I keep the encrypted file in my offline laptop and an USB as backup.
Wallet encrypts wallet files mostly using AES. Just lock your wallet with a strong password, there are many softwares available to generate a random password. There is no need for external software and sometimes it may cause errors.
~~MZ~~
~~MZ~~
Why and how would external encryption softwares cause errors, do you care to explain?
When I open my electrum wallet, my wallet.data is loaded instantly. I want to protect this, so it doesn't load instantly, or even if it does, I want to type a password or so before I can access anything in the wallet.
Have I missed out how this really works or am I just confused. I just want to make sure the bitcoins are safe, reading too much about people not backing up or encrypting etc.
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Wallet encrypts wallet files mostly using AES. Just lock your wallet with a strong password, there are many softwares available to generate a random password. There is no need for external software and sometimes it may cause errors.
~~MZ~~
~~MZ~~
How do you make a good backup for your wallet? Do you just write down the seed and thats it, or is anyone doing anything with private keys? I am using electrum just in case anyone thinks of a good backup solution for this type of wallet.
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
If you haven't imported any private keys to your Electrum wallet, just the 12-word seed is everything you need to backup.
I keep my 90% of my bitcoin in an offline Electrum wallet and the rest in my bitcoin core hot wallet.
Do you save that 90% of your bitcoins in just one electrum wallet or in serveral wallets?
Just one.
If I use 3 different wallets, I would need to keep them on 3 different places and I will likely forget where they are in a year or two.
So just one wallet will be safe, just by saving the 12-word seed on a paper and in another place just in case. But how do I encrypt the file? I've used 7-zip encrypt but I am not really satisfied with it. I am testing AxCrypt, it's encrypting a file with a password. Is this enough of security or should I use a 2nd encryption software?
I haven't seen anyone writing something about AxCrypt here so I can't tell if this is giving any good protection, but anyone who have some experience from it, let me know!
I am a bit confused. Does people encrypt their wallet file or just the whole wallet software? The wallet software loads the wallet file automatically right? Anyone care to explain more about encrypting a wallet?
i don't like electrum anymore. since you can not send with custom fee, ive tried everything to change it but i couldn't!
How do you make a good backup for your wallet? Do you just write down the seed and thats it, or is anyone doing anything with private keys? I am using electrum just in case anyone thinks of a good backup solution for this type of wallet.
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
I also assume that not many people save all their bitcoins in just one wallet. Am I right?
If you haven't imported any private keys to your Electrum wallet, just the 12-word seed is everything you need to backup.
I keep my 90% of my bitcoin in an offline Electrum wallet and the rest in my bitcoin core hot wallet.
Do you save that 90% of your bitcoins in just one electrum wallet or in serveral wallets?
Just one.
If I use 3 different wallets, I would need to keep them on 3 different places and I will likely forget where they are in a year or two.
Go print the private key on the paper wrap it up in the aluminum foil put it in something that is thick and dig it in the forest you'll be pretty safe than.
How about the original wallet file, do you still save it or do you delete it, after saving your private keys in a paperwallet?
Go print the private key on the paper wrap it up in the aluminum foil put it in something that is thick and dig it in the forest you'll be pretty safe than.
How about the original wallet file, do you still save it or do you delete it, after saving your private keys in a paperwallet?
I use bitcoin core, but store my hot wallet funds on blockchain.info with 2FA. 
Bitcoin core is good, but it downloads the whole blockchain while Electrum doesn't. It's good with a hot wallet but not sure about the security, although you have a 2FA enabled. You store less than 1 BTC on hot wallet or more?
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