What is the safest way to store Bitcoins?

[Watoshi]

Repormat a pc or buy a new one. Install bitcoin. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.

[ranochigo]

Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.

That is still pricey. I went to mycelium's website and they offer a similar product but it is referred to as a paper wallet. How is ledger and the usb from mycelium different? Was looking at trezor but was to much money then had interest in ledger now looking at mycelium as an alternative.

Ledger is basically a hardware wallet which you can plug into your computer to make payments without the risk of it getting hacked. Mycelium USB is a paper wallet generator which you can plug into your printer to print out paper wallet with secure entropy. With paper wallet, you need a additional secure device to scan the Qr code of private key and spend it.

[Amph]

Repormat a pc or buy a new one. Install bitcoin. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.

there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?

[ranochigo]

Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.

there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?

FTFY
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.

[jt byte]

Well, i'd say you put your wallet.dat files onto a hard drive, and then stick it into a bank vault. Give proof of how much bitcoin is in the hard drive, and if your hard drive gets corrupted, you can sue the bank.

What will bank do with you hdd, i don't think they will touch it,
As long as you sent to them as more secure environment.
I think that you have to have more than 2-3 copies (backups)

[Amph]

Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.

there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?

FTFY
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.

uhm, i'm talking about a fresh new OS installation, there is no malware, how can a malware can ever be installed on a fresh ssd with a fresh new OS, impossible

the system is 100% secure, i have a primarily example of this, with my machine, which was never violated, and tons of private keys passed from here

[Bitdonator]

Just watch this video, awesome idea
https://www.youtube.com/watch?v=-mmt9JHmKss

[Nimbulan]

safest way of storing your bitcoins is most definitely a hardware wallet if you dont want to buy gadgets like that then its a paper wallet

[apriyani420]

there is a wallet called armory so i believe it is the safest one if you dont want to use any physical wallets or paper wallets

[notlist3d]

Just watch this video, awesome idea
https://www.youtube.com/watch?v=-mmt9JHmKss

Thanks for sharing I'm not the most artsy person.  But I found this to be very interesting.  I would not put the BTC logo on it.

But people seeing it depending on paint might suspect paper weight or something.  Most will not think a paper wallet is inside of it.  I would do a little more on protection of paper in it in case it leaks when making or something bad.

[iram66680]

Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.

there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?

FTFY
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.

uhm, i'm talking about a fresh new OS installation, there is no malware, how can a malware can ever be installed on a fresh ssd with a fresh new OS, impossible

the system is 100% secure, i have a primarily example of this, with my machine, which was never violated, and tons of private keys passed from here

The system isn't exactly 100% secure. There is still a loophole there. Some rootkits are directly implanted into the bios and it could be quite dangerous. Also, some OS are closed sourced and it would be impossible to check for any vulnerabilities or backdoors. If there is a zero day vulnerability, it would be affected if it is connected to the internet.

[CasioK]

Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.

I have not used any hardware wallets so far. This is because of fear of using new technology for my hard earned bitcoins and secondarily the cost of hardware wallets. May be after your recommendation I will change my opinions and will look for it.

[iram66680]

Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.

I have not used any hardware wallets so far. This is because of fear of using new technology for my hard earned bitcoins and secondarily the cost of hardware wallets. May be after your recommendation I will change my opinions and will look for it.

I would definitely go for it since they are opensourced, this means that they are fully transparent and can be trustable. Buying the wallet would be justifiable if I am in control of a lot of Bitcoin and they are very precious to me. If not, paper wallet would work just fine.

[KokiFurihata]

Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.

I have not used any hardware wallets so far. This is because of fear of using new technology for my hard earned bitcoins and secondarily the cost of hardware wallets. May be after your recommendation I will change my opinions and will look for it.

I would definitely go for it since they are opensourced, this means that they are fully transparent and can be trustable. Buying the wallet would be justifiable if I am in control of a lot of Bitcoin and they are very precious to me. If not, paper wallet would work just fine.

I do understand the concern tough... I trust the firmware that's on the HW wallet, like you said, it's opensourced.... BUT, i don't trust the fact that when i do something wrong, i could potentially lose all my coins...

[Amph]

Repormat a pc or buy a new one. Install bitcoin Core. Send bitcoins to this new computer bitcoin address. Then cut off this from internet.

there is no need to do this, as long as you use it only for that bitcoin client, otherwise how can you do a spending without the net?

FTFY
It isn't a perfect idea at the start. If you generate a Bitcoin Wallet while it is connected to internet, a malware can potentially send the private key to he rogue attacker. I would off the internet first and generate a wallet to make it more perfect. I believe you have got the idea wrong. You don't have to be connected to the internet to construct a transaction or sign it. You can download the TX info from another computer and sign it using the offline Bitcoin Core and it can be broadcasted using the online computer.

uhm, i'm talking about a fresh new OS installation, there is no malware, how can a malware can ever be installed on a fresh ssd with a fresh new OS, impossible

the system is 100% secure, i have a primarily example of this, with my machine, which was never violated, and tons of private keys passed from here

The system isn't exactly 100% secure. There is still a loophole there. Some rootkits are directly implanted into the bios and it could be quite dangerous. Also, some OS are closed sourced and it would be impossible to check for any vulnerabilities or backdoors. If there is a zero day vulnerability, it would be affected if it is connected to the internet.

impossible my machine was new 100%, from motherboard to cpu to vga to anything, you're telling me that new pieces of HW are sold with rootkit inside it

this is must be the worst argument i've heard ever

and the article is talking about an attack, which mean that the user installed something, again this is not what iw as taling about

The intruder gets access to the target computer, yes how? if you let it take your computer it's obvious that you deserve to be hacked...

[CasioK]

Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.

I do not know much about hardware wallets. Hardware wallet are dedicated USB devices that can hold private keys electronically and facilitate payments. It is being used by those that did not trust other storage. But I believe in blockchain. So I think I do not need one right now.   

[Denker]

Just watch this video, awesome idea
https://www.youtube.com/watch?v=-mmt9JHmKss

Thanks for sharing I'm not the most artsy person.  But I found this to be very interesting.  I would not put the BTC logo on it.

But people seeing it depending on paint might suspect paper weight or something.  Most will not think a paper wallet is inside of it.  I would do a little more on protection of paper in it in case it leaks when making or something bad.

You don't have to do it the same way. But the video is a nice inspiration to create your own methods of how to store your bitcoins safely.

[Denker]

Has anyone tried using Trezor? been tempted to buy one but i don't know if it's any good than using online wallet.

I would just go with a Ledger Nano instead. Very affordable and secure in my opinion. Much cheaper than a Trezor too https://www.ledgerwallet.com/products/1-ledger-nano

I am collecting my bitcoin to buy a Ledger hardware wallet.
It is pretty same if we compare the features with Trezor.
It's much cheaper and more people can afford the Ledger price.

I do not know much about hardware wallets. Hardware wallet are dedicated USB devices that can hold private keys electronically and facilitate payments. It is being used by those that did not trust other storage. But I believe in blockchain. So I think I do not need one right now.  

So you're holding your coins in an online wallet?
Good luck with that!

Even heard of the phrase: " Confidence is good, but control is better!" or "Better safe than sorry" 

[Laosai]

But I believe in blockchain.

I hope you don't regret one day that you believed on blockchain.

Veterans here already suggested here not to use such web based wallets as they are not that secured. Well if you don't want to store your coins on a hardware wallets, then why not try software based ones? Specifically those desktop wallets which is way more secured than web based ones.

[TTMNewsMJ]

I prefer to use paper wallets this time.