I have been reading around the internet about ow people's bitcoins are being stolen left and right. I think it has a lot to do with the high influx of new people to bitcoin recently because of all its media attention. What I did was look at different ways to secure your wallet..
Apparently there are apps for this and it can be easy, however this method ENSURES your safety because you do the entire process offline (pass key creation and encryption) and then save your info to a flash drive or wherever you want to store it. The other methods, I believe, run while a network connection is active, which means there is still a possibility of being hacked. This tutorial stops any of that from happening. The only way anyone could EVER get your password is if they literally extorted you for it.
Yes, it is long. Highly effective though. Hope you found this information useful. Here:
http://robotmoola.com/cold-storing-bitcoin/Happy trading
A paper wallet is a way to store Bitcoins that involves printing the Bitcoin addresses and private keys directly on a piece of paper. When done properly, paper wallets are one of the safest ways possible to store Bitcoins.
- bitcoin wiki
Paper Wallet Advantages- Protection from malware and keyloggers.
- Maintain 100% ownership of your private keys. You own the coins not a 3rd party service.
- No dependence on the security of any website.
- Keeping a piece of paper safe is easier than keeping your computer secure.
Paper Wallet Disadvantages- The paper contains everything needed to spend the coins and must be kept physically secure.
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http://blockchain.info/wallet/paper-tutorial
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