Bitcoin Forum

Hi All

Got all my coins just sitting in my Cryptsy account and want to move them to somewhere secure.

Like the look of Coinbase after researching.

Anyone recommend or comment on this ??

Thanks

You might want to have a look at www.pi-wallet.com (http://www.pi-wallet.com).

multibit. their faq's in my sig.

If you want to move them somewhere secure, use an offline or paper wallet.  I use a cheap Raspberry Pi with the Raspian OS and Electrum wallet.

Coinbase is probably fine, but you are necessarily trusting a third party with your bitcoins.  If they disappear, get careless or get hacked, your bitcoins are gone.

Blockchain.info is supposed to be as safe as online gets, but it's still online.

Mycelium on Andriod has been rock solid for me (as a hot wallet).

Cheers guys,going with this to start.


https://multibit.org/index.html

Thanks

As said paper wallets are the safest and best for long term storage.

For a semi hot wallet something like Armory or Electrum where you can sign transactions offline so the private keys never touch the internet.

For just a general hot wallet I'd recommend Multibit.

Only Bitcoin-QT is secure.
Connect every month to network and it's all.

Not unless you keep it in an encrypted drive.

I use coinbase.com to store 5% of my BTC (for spending and trading for $ as needed), and a brain wallet for my life savings. Be very careful with brain wallet if you decide to go that route, you really need to do your homework and choose a passphrase that has never been written down anywhere, in any book, on any forum, or ever even spoken to anyone on Earth. It must be something ONLY YOU could possibly know, and you must know it BY HEART, forwards and backwards, inside and out.

Highly recommend Electrum (http://electrum.org/) because of the ability to restore a wallet with a 12 word seed. Although a paper wallet is always the most secure.

just my two cents but I'd recommend trying Blockchain.info.  I'd suggest doing you own due diligence and read up on all the suggestions and research each on first. 

There is TrueCrypt (free) and there is Folder Lock (Paid).

Just encrypt a portion of you hard drive and transfer you Bitcoin folder there.
You will need a batch file (shortcut didn't work for me) to point bitcoin-qt.exe to the new directory you have created.

PM me if you need more info.

I like how no one mentioned about "paper wallets".

Heres just an example of what can happen on blockchain, this isnt to freak you out, but to understand of the pro`s and cons of an online wallet vs offline.

http://www.reddit.com/r/Bitcoin/comments/20j76w/just_had_the_most_terrifying_day_and_you_fuckers/

Coinbase has a decent system, however they operate more as a "bank" than a wallet. I suggest you look into a local wallet such as multibit as others have mentioned. A paper wallet wouldn't be a bad idea either.

When choosing a wallet it is best to choose one that offers a decent amount of security. Sometimes however, having an over secure wallet can hinder robustness.

Online wallets are okay and all, but issues may arise. I wouldn't store large amount of funds in them. Look at blockchain.info's current situation. All of their users are unable to access their funds due to their downtime.

use mycelium smart phone wallet for hot wallet and use a spare smart phone with the battery yanked out as the "cold storage". Mycelium assigns a password for you for your encrypted private key printed on paper (your backup paper wallet). This is good for newbs because the blockchain has miners mining for weak passwords that you think are safe but not such as, "Gr8mom" or "MyPa1B0B". Passwords like these work for your bank account because hackers are locked out of your account if they make more than a couple of wrong guesses, but bitcoin has no bank to call to reset your password. It is an automated computer system so hackers are allowed infinite guesses at your password. Use a totally random sequence of letters and numbers for your bitcoin password or your money will be gone in less than 2 hours guaranteed. That's why I always recommend Mycelium for newbs, it is very easy and almost foolproof.

Gone with Multibit and i gues it makes sense to create many wallets and encrypt each ?

Not sure how you can back them up to a usb stickor other piece of hardware yet.

What would happen if Multibit program was no longer available though.??

As far as I know multibit is powered by bitcoinj, so any software that uses that backbone should be able to interpret you wallet file. (Ive transferred between multi bit and hive to test this theory.

Also, like others have mentioned, encrypt your wallet!

You don't have the private key with bitcoin in your Coinbase account.

For safety, you should store your bitcoin in offline wallet or paper wallet.

I am using multibit it is working fine.

Electrum is easy to use and you don't need to download all the block data to your computer.

I second the recommendation for bitcoin-qt. I find multibit buggy. If you want light wallet, i suggest electrum. If you want safety, avoid all website wallets.

Try blockchain.info online wallet

i'm using a computer wallet multibit and it's not very hard, better than letting someone else hold your coins.

Electrum, multibit, and blockchain web wallet are good

Multibit, paper wallets and many more but don't use online wallets. If you want to go extreme on safety buy this: http://www.bitcointrezor.com/

We recommend our own wallet on cryptorush.in or else you may choose to use blockchain.info

Coinbase is alright its clean and very user friendly.

This user is NOT staff of cryptorush.in  DO NOT listen to this user in any way shape or form as he is attempting to steal our name in order to steal bitcoins from unsuspecting users yet again.

Really, tell me more?

Use Electrum for a small amount of bitcoin and use a paper wallet for a large amount of bitcoin.