bitcoin wallet lifetime ?

[ikydesu]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

If you have a budget, buy hardware wallet it's more secure wallet. And if you won't to spend your money or don't have a budget for that, my recommendation is Electrum(you don't need download the data) or Bitcoin Core(you need download the data). For more info about wallet: https://bitcoin.org/en/choose-your-wallet


~iki

[1715183568]

1715183568

[1715183568]

1715183568

[iram66680]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

If you have a budget, buy hardware wallet it's more secure wallet. And if you won't to spend your money or don't have a budget for that, my recommendation is Electrum(you don't need download the data) or Bitcoin Core(you need download the data). For more info about wallet: https://bitcoin.org/en/choose-your-wallet


~iki

Although hardware wallets are more secure than desktop wallets, i believe paper wallets can also provide that kind of security when done in an airgapped computer. There is no way to guarantee if the code has any vulnerabilities due to the size of the opensourced documents. Paper wallets has fewer documents which will allow users to thoroughly check through to check for vulnerabilities. More importantly, it is cheap/

[Rmcdermott927]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

+1 for paper wallets.   They are super useful.   The make it easy enough to import your keys at a later date that it's not an issue but just hard enough where you will be less tempted to spend your BTC.   And assuming your private keys are generated on an offline computer, without malware, your are as sure as can be that your BTC will be safe for years to come. 

[HeroCat]

Trezor wallet can be the best, if you need wallet safety. Let say after 8 - 10 years, you can change Trezor to new one, because with time any electronical device can have problems 

[sgk]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

Have you explored and cosidered the paper wallets? (or cold storage?)

- Encrypt your wallets with STRONG password
- Keep the 'savings' wallet always offline
- Put encrypted wallet inside password-protected ZIP, put it on multiple USB drives and put them at multiple secure locations like your bank locker
- Export the private keys and store them on offline device
- Print private keys on paper and put it in your bank locker

[SaktoWuN]

if you want to keep it for years cold storage is a better idea.

[TibanneCat]

and if you are concerned about your computer being infected with malware, use something like Tails https://tails.boum.org/

[Herbert2020]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

the important question is how much bitcoin you have and what do you want to do with them?
for small amounts and if you want to spend/use them, you can use an online wallet or mobile wallet.
for big amounts and if you want to invest and keep your coins for longer term, use cold wallets, paper wallets.

if you want to use an online wallet, there are two kind the ones that give you your private keys like blockchain.info this way if the site goes down you have access to your bitcoin
and the kind that don't like Xapo, if the site goes down your coins go down with it,

[jacktheking]

Most of the web wallet will give us the private key to our wallet. In fact, most of the lightweight wallet do this too. I'm using Mycelium (Android application) for almost a year now. They give me some form of backup. Whereas, if my phone was stolen I can quickly get into my Bitcoin wallet from another wallet. And than quickly send my Bitcoin to another new wallet address.

This will also work if Mycelium suddenly stopped operating for whatever reason. So, as the rule of thumb, always make sure the wallet you are using give your some form of backup such as private key - as I said before, most of the wallet offer this.

[cinnamon_carter]

Get a pc or better yet build one that was never connected to the web.

Generate addresses & store the priv keys in a strong pgp encrypted file in safe places.

After making sure you did not screw up shread those files. (edit one - the wallet & non encrypted keys)

Send the btc you want to store to those base 58 addresses.

In the 'future' you can import the priv keys & rescan the blockchain in the Satoshi or core client to reclaim your btc.

[BigBoy89]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

Use cold storage to store your Bitcoins, Bitcoins on websites are never a safe place to keep your Bitcoins.

[iram66680]

Most of the web wallet will give us the private key to our wallet. In fact, most of the lightweight wallet do this too. I'm using Mycelium (Android application) for almost a year now. They give me some form of backup. Whereas, if my phone was stolen I can quickly get into my Bitcoin wallet from another wallet. And than quickly send my Bitcoin to another new wallet address.

This will also work if Mycelium suddenly stopped operating for whatever reason. So, as the rule of thumb, always make sure the wallet you are using give your some form of backup such as private key - as I said before, most of the wallet offer this.

The safety is compromised with web wallets. Web wallets are authorized to make any changes to the wallet structure without your acknowledgment. They can purposely capture your password [Blockchain.info]. They can take your coins without you knowing. Go with a trusted desktop wallet if you want to keep it for a lifetime.

[randy8777]

people who use online storage as cold wallet are utterly stupid. don't know why any person would still do so after plenty of hacks.

[Muhammed Zakir]

people who use online storage as cold wallet are utterly stupid. don't know why any person would still do so after plenty of hacks.

Using online storage as cold storage? I am hearing this for first time. Try to make your sig spam better by thinking before posting or you will be banned.

[twister]

You can print paper wallets OP or read more on cold storage but do remember that paper wallets if not stored right they can get damaged and if the key is lost you end up losing your bitcoins, same goes for other cold storage like if you keep them in an offline hard drive or pen drive they might fail, so it's best if you're going to put your bitcoins in a cold storage to keep lots of back ups and check on them.

May be hardware wallets like Trezor offer better cold storage but I haven't used them so don't know.

[RealBitcoin]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

If you keep a paper wallet on bitcoin core, make sure you backup your wallet after every 100 transactions i believe, or it was something similar.

If you use online wallet then also make an offline backup.

Blockchain.info says that they dont have acces to your funds , so even if they go down, if you have your backup offline you can restore it on another wallet.

[iram66680]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

If you keep a paper wallet on bitcoin core, make sure you backup your wallet after every 100 transactions i believe, or it was something similar.

If you use online wallet then also make an offline backup.

Blockchain.info says that they dont have acces to your funds , so even if they go down, if you have your backup offline you can restore it on another wallet.

1) You're right. But Bitcoin Core isn't considered as a paper wallet since it can't be paper. It can only be used as a offline wallet.
2) It depends on which online wallet you are talking about. Some online wallets doesn't give you control over your private key while some will allow you to have control over your private key and some will send you a nlocktime file which contains your UXTO to spend when the time specified expires.
3) They can easily change a code which captures private keys by capturing passwords or falsify transaction informations.

[RealBitcoin]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

If you keep a paper wallet on bitcoin core, make sure you backup your wallet after every 100 transactions i believe, or it was something similar.

If you use online wallet then also make an offline backup.

Blockchain.info says that they dont have acces to your funds , so even if they go down, if you have your backup offline you can restore it on another wallet.

1) You're right. But Bitcoin Core isn't considered as a paper wallet since it can't be paper. It can only be used as a offline wallet.
2) It depends on which online wallet you are talking about. Some online wallets doesn't give you control over your private key while some will allow you to have control over your private key and some will send you a nlocktime file which contains your UXTO to spend when the time specified expires.
3) They can easily change a code which captures private keys by capturing passwords or falsify transaction informations.

2) I was talking about blockchain.info, its by far the best online wallet out there so far. They allow you to have your private keys exported and they dont have access to it.

Of course i would not trust them with 10000 bitcoins, but i`m sure 0.1 or smaller chunks like that are ok to hold there.

1) You can just print out the private key from the Core wallet, so its is a "paper wallet" then.

3) If they didnt scammed anyone yet, they have no reason to do it now, i consider them the safest online wallet, as safe as online wallets can be.

[Muhammed Zakir]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

If you keep a paper wallet on bitcoin core, make sure you backup your wallet after every 100 transactions i believe, or it was something similar.

If you use online wallet then also make an offline backup.

Blockchain.info says that they dont have acces to your funds , so even if they go down, if you have your backup offline you can restore it on another wallet.

1) You're right. But Bitcoin Core isn't considered as a paper wallet since it can't be paper. It can only be used as a offline wallet.
2) It depends on which online wallet you are talking about. Some online wallets doesn't give you control over your private key while some will allow you to have control over your private key and some will send you a nlocktime file which contains your UXTO to spend when the time specified expires.
3) They can easily change a code which captures private keys by capturing passwords or falsify transaction informations.

2) I was talking about blockchain.info, its by far the best online wallet out there so far. They allow you to have your private keys exported and they dont have access to it.

Of course i would not trust them with 10000 bitcoins, but i`m sure 0.1 or smaller chunks like that are ok to hold there.

1) You can just print out the private key from the Core wallet, so its is a "paper wallet" then.

3) If they didnt scammed anyone yet, they have no reason to do it now, i consider them the safest online wallet, as safe as online wallets can be.

2 & 3) No. Blockchain.info is not as safe as online wallet can be. The developers have done big mistakes, even stupid ones. I recommend GreenAddress. When comparing, GreenAddress is better.

[iram66680]

hello,

I like to know where I can create a secure bitcoin wallet where I can keep my bitcoins for years, when I see websites that offer bitcoin wallet, I fear that one day the site no longer exists, and I lose all my bitcoins.

thanks.

If you keep a paper wallet on bitcoin core, make sure you backup your wallet after every 100 transactions i believe, or it was something similar.

If you use online wallet then also make an offline backup.

Blockchain.info says that they dont have acces to your funds , so even if they go down, if you have your backup offline you can restore it on another wallet.

1) You're right. But Bitcoin Core isn't considered as a paper wallet since it can't be paper. It can only be used as a offline wallet.
2) It depends on which online wallet you are talking about. Some online wallets doesn't give you control over your private key while some will allow you to have control over your private key and some will send you a nlocktime file which contains your UXTO to spend when the time specified expires.
3) They can easily change a code which captures private keys by capturing passwords or falsify transaction informations.

2) I was talking about blockchain.info, its by far the best online wallet out there so far. They allow you to have your private keys exported and they dont have access to it.

Of course i would not trust them with 10000 bitcoins, but i`m sure 0.1 or smaller chunks like that are ok to hold there.

1) You can just print out the private key from the Core wallet, so its is a "paper wallet" then.

3) If they didnt scammed anyone yet, they have no reason to do it now, i consider them the safest online wallet, as safe as online wallets can be.

2,3) You haven't been up to date with the news i see. I'll give you a list of em':
http://blog.blockchain.com/2015/05/28/android-wallet-security-update/
http://blog.blockchain.com/2014/12/08/blockchain-info-security-disclosure/
http://www.forbes.com/sites/thomasbrewster/2015/02/24/blockchain-and-darknet-hacks-lead-to-epic-bitcoin-losses/
http://www.coindesk.com/blockchain-info-issues-refunds-to-bitcoin-theft-victims/
The most recent one happened just recently and I'm surprised that they didn't test out the software before even upgrading it.
1) How are you going to spend it? You are going to print out a few hundred lines of codes and you can't really spend them. Use a paper wallet generator if you aren't going to use Bitcoin Core on a machine. Most of them have nicer layouts.