Bitcoin Forum

Bitcoin => Bitcoin Technical Support => Topic started by: tuanvie on May 27, 2014, 01:28:37 PM



Title: bitcoin for safe keeping?
Post by: tuanvie on May 27, 2014, 01:28:37 PM
I want to ask.
is it safe if we often do shipping and receiving bitcoin transaction?
send examples of bitcoin wallet A wallet to B, from A to xchange B exchange?  ???


Title: Re: bitcoin for safe keeping?
Post by: shorena on May 27, 2014, 03:38:14 PM
The amount of transactions you do has little to nothing to do with the safety of your coins.

Keep your wallet safe, keep your machine safe and your coins are safe.


Title: Re: bitcoin for safe keeping?
Post by: indiguy on May 27, 2014, 05:43:41 PM
It think its safe. I'm into safe keeping as well and I believe bitcoin is safe until my kids can use my coins for themselves.


Title: Re: bitcoin for safe keeping?
Post by: Light on May 28, 2014, 01:27:52 AM
Theoretically, using the same address over and over for transactions reduces their security. However in reality this shift is so insignificant that you don't need to worry about anyone compromising your private key as a result of it. Reusing an address is a security issue if you have a weak random number generator, as was an issue with the Android Bitcoin Wallet.

If you're interested in knowing why using the same random number in two messages is bad, you can read about ECDSA (ecliptic curve digital signature algorithm) here:
https://en.bitcoin.it/wiki/Protocol_specification#Signatures


Title: Re: bitcoin for safe keeping?
Post by: tuanvie on May 28, 2014, 08:15:41 AM
thank you all  ;)
I also think you need security in your wallet in case, but with frequent transactions would also make me scared


Title: Re: bitcoin for safe keeping?
Post by: paythrough_team on June 15, 2014, 09:38:46 AM
Please offline storage bitcoins, if you want your Bitcoin is safe.


Title: Re: bitcoin for safe keeping?
Post by: joshraban76 on June 15, 2014, 05:30:25 PM
I can't understand you.

If you meant a safe wallet, then I would suggest the paper wallet.