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Author Topic: What is the safest and simplest way to keep bitcoins?  (Read 7638 times)
btvGainer
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September 21, 2015, 11:13:52 PM
 #61

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?

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September 22, 2015, 12:10:39 AM
 #62

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?

Google for paper wallet generator. There are many tools that will let you sign and push a transaction with your private key.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 22, 2015, 12:20:21 AM
 #63

I use my trezor and I like it much better than storing my bitcoins on paper. Smiley  It's easy to use and it's a great device to have, $120 isn't that much to pay for a safe!

P.S. if you are considering to purchase the trezor wallet, I would wait until black Friday to check out their sale.

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September 22, 2015, 12:55:01 AM
 #64

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?

Google for paper wallet generator. There are many tools that will let you sign and push a transaction with your private key.

Make sure when you make a paper wallet it's on a computer that seems to be clean.  If you can do a fresh install OS and install updates, and anti-virus then do this is best.

I would not use normal internet surfing computer to do this.  Or one that is a public computer.   I guess kinda common sense stuff on some of it.
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September 23, 2015, 07:01:21 AM
 #65

I think save on something that usually said as cold wallet is more savety for big amount, but for dailiy and personal transaction you can you android wallet application, because i think it more savety than browser wallet
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September 23, 2015, 08:44:57 PM
 #66

I guess the simplest and safest way to keep your bitcoin would be with Blockchain.info. Depending on what you want to do with your bitcoin, this web-based wallet is probably the safest and simplest. You can also take a look at the Ninki wallet

   
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September 24, 2015, 03:41:22 AM
 #67

the easiest way for everyone to make a bitcoin wallet is to use an online wallet like blockchain.info but this way is the least secure way of keeping your coins.
since you don't have any other pc, you can turn off your router and use a live linux on a CD to boot up and there you can have an offline OS which is secure and then make a paper wallet that way.

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September 24, 2015, 05:49:13 AM
 #68

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?

Google for paper wallet generator. There are many tools that will let you sign and push a transaction with your private key.

Make sure when you make a paper wallet it's on a computer that seems to be clean.  If you can do a fresh install OS and install updates, and anti-virus then do this is best.

I would not use normal internet surfing computer to do this.  Or one that is a public computer.   I guess kinda common sense stuff on some of it.

While your tips were good, you forgot a big part. DO NOT take that computer online! Preferably ever. That means keep it off the network, as well. You don't know what malware could be lurking still.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 24, 2015, 06:27:42 AM
 #69

I guess the simplest and safest way to keep your bitcoin would be with Blockchain.info. Depending on what you want to do with your bitcoin, this web-based wallet is probably the safest and simplest. You can also take a look at the Ninki wallet

it's not the safest, i would avoid any online wallet, usually because safety come first than simplicity

i would point my attention on local wallet only and cold stuff, the rest is not secure at all

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September 24, 2015, 06:30:56 AM
 #70

First my greetings to the forum on bitcoins because I am interested in currency, including already have registered my blockchain with only $ 4 ...

However, what is the safest way to store them? Is there a way to deliver them in paper money, or some kind of title? I am the IT area, and I think it will be a lot of work having to do several portfolios. And I have no other internet without computer or a printer, to remember.


I appreciate everyone's attention,
Lanpenn

well so you only have $4?
as far as i know that simplest and safest way to keep your bitcoin is paper wallet,just use reputable service like bitaddress.org print out it and keep away the private key from anybody,
because showing your private key its like giving your money from them"
good luck

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September 24, 2015, 07:00:51 AM
 #71

I guess the simplest and safest way to keep your bitcoin would be with Blockchain.info. Depending on what you want to do with your bitcoin, this web-based wallet is probably the safest and simplest. You can also take a look at the Ninki wallet

it's not the safest, i would avoid any online wallet, usually because safety come first than simplicity

i would point my attention on local wallet only and cold stuff, the rest is not secure at all

Places like Coinbase are insured, though, so if they're hacked, you're protected. Doesn't protect your password, but it's a good way to hold a hot wallet and make it easily accessible.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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Franciem
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September 24, 2015, 07:07:06 AM
 #72

install bitcoin core and safe your wallet.dat Smiley

neonshium
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September 30, 2015, 02:53:39 PM
 #73

install bitcoin core and safe your wallet.dat Smiley

That's not alone enough to secure your bitcoins.
Because unencrypted wallets are always vulnerable to hack at any mode of hacking, like your neighbor also can steal your bitcoins in the moment you leave off your laptop.
So, strong password is the correct solution.


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September 30, 2015, 03:12:49 PM
 #74

Except that if I want to save a considerable amount of money, but in bitcoins.
there are hardware wallets you should check them as they are the safest

yes, these are the safest and simplest. not the cheapest though. the cheapest is paper wallets, but keep in mind your printer will keep the files in it and this can be hacked. there are steps to making paper wallets hacker-proof, but it is a bit of work and knowledge needed. since you are IT you will be able to figure it out.

i am assuming English is not your native tongue. i am sure you can find the information to create safest paper wallets in your language, possibly in the non-english parts of this forum.

if you do plan to collect a large amount of btc, I would invest in a hardware wallet. there are good ones as cheap as 35$ USD, they are simple to set up and use and you need not worry about collecting a large amount of paper, plus you can spend and save with it just like any other wallet, without the risk of being hacked. I use a ledger wallet and I am very happy with its ease and security.

welcome and good luck

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September 30, 2015, 05:58:26 PM
 #75

Hi, you can backup your wallet using cold storage and it can protect you against computer failures and many human mistakes. It can also allow you to recover your wallet after your mobile or computer was stolen if you keep your wallet encrypted. just my 2 cent bro have a good day I hope it can help you a lot.

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September 30, 2015, 08:27:43 PM
 #76

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?

Google for paper wallet generator. There are many tools that will let you sign and push a transaction with your private key.

Make sure when you make a paper wallet it's on a computer that seems to be clean.  If you can do a fresh install OS and install updates, and anti-virus then do this is best.

I would not use normal internet surfing computer to do this.  Or one that is a public computer.   I guess kinda common sense stuff on some of it.

While your tips were good, you forgot a big part. DO NOT take that computer online! Preferably ever. That means keep it off the network, as well. You don't know what malware could be lurking still.

The thing is if you are compromised likely you create it when offline... so ok safe.  But if you go back online with same computer depending on what you have on virus/malware it might just send that new wallet.   

So cold storage is a good way to do it.  This may seem like overkill but if it's a paper wallet you will be using for decent amount of money I would whipe computer, and reinstall OS after.  Then you pretty much are in clear if you store it safely.
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October 01, 2015, 02:28:22 AM
 #77

1) Create a bitcoin private key by rolling dice
2) transform into an address
3) write down the private key into a piece of paper
4) put the paper in a box
5) bary the box in your garden
6) only take it out when you need it.
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October 01, 2015, 04:35:08 AM
 #78

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?

Google for paper wallet generator. There are many tools that will let you sign and push a transaction with your private key.

Make sure when you make a paper wallet it's on a computer that seems to be clean.  If you can do a fresh install OS and install updates, and anti-virus then do this is best.

I would not use normal internet surfing computer to do this.  Or one that is a public computer.   I guess kinda common sense stuff on some of it.

While your tips were good, you forgot a big part. DO NOT take that computer online! Preferably ever. That means keep it off the network, as well. You don't know what malware could be lurking still.

The thing is if you are compromised likely you create it when offline... so ok safe.  But if you go back online with same computer depending on what you have on virus/malware it might just send that new wallet.   

So cold storage is a good way to do it.  This may seem like overkill but if it's a paper wallet you will be using for decent amount of money I would whipe computer, and reinstall OS after.  Then you pretty much are in clear if you store it safely.

It's been said that you can implant virii in the BIOS, though, so that if the system ever goes online in the future (even after a wipe), it could still be compromised. It's a tricky thing.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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October 01, 2015, 10:02:32 AM
 #79

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?
Paper wallet is safe but is not as user friendly as offline computer. Mycelium has a feature which allows you to spend money from your paper wallet by scanning a Qr code. However, it would not exactly qualify as safe if you were to use your phone which you use daily as it would be exposed to the internet. Buying an android phone isn't viable as purchasing a raspberry pi and install electrum on it.














 

 

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October 01, 2015, 08:57:47 PM
 #80

Except that if I want to save a considerable amount of money, but in bitcoins.

Then print a paper wallet, put it into a safe place and move your bitcoins there.
if I create a paper wallet and move my bitcoin there then how can I send bitcoin to someone if I need to? what do I do to use it?
Paper wallet is safe but is not as user friendly as offline computer. Mycelium has a feature which allows you to spend money from your paper wallet by scanning a Qr code. However, it would not exactly qualify as safe if you were to use your phone which you use daily as it would be exposed to the internet. Buying an android phone isn't viable as purchasing a raspberry pi and install electrum on it.

The more I hear ideas, the more I get pushed to the idea that hardware wallets are the way to go (like Trezor). Even the pi can be exploited.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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