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RoxxR (OP)
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November 01, 2012, 04:24:23 PM |
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I would like to purchase some coins soon and I'm now trying to figure out which wallet to install. I'm running Windows XP with MS Security Essentials and ZoneAlarm. My requirements for a wallet are
-should be easy to use
-should support strong encryption
-should take less than 10 minutes to set up
- should be open-source, secure and stable (I'm planning to store 100 to 200 btc in it and make daily transactions)
Any advice?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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CIYAM
Legendary
 Offline
Activity: 1890
Merit: 1078
Ian Knowles - CIYAM Lead Developer
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November 01, 2012, 04:33:46 PM |
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My advice would be to at least consider using a second OS (preferably non-windows) for generating your private keys that is never connected to the internet.
You could then consider dividing your 100/200 btc into 10/20 separate addresses (generated by say "vanitygen") on the non-internet computer and use a USB flash drive (that is brand new) to move private keys to your connected PC as required,
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tehace
Member
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Activity: 84
Merit: 10
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November 01, 2012, 05:01:03 PM |
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You always have to balance security and convenience. Blockchain.info has a good web wallet with quite a few security features and good backup and Electrum is also supposed to be great and has no synch. I just noticed that you said hundreds of bitcoins  My advice is to use some kind of stronger storage for most of those coins and transfer just a small amount to use in a spending wallet. In fiat terms think about it like having a bank or safe and then a carry around wallet with a few dollars for spending. |
DOGE: DChHzYffNDrMsM9L1GtG14cmp1NUXrEe9Z
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Kazimir
Legendary
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Activity: 1176
Merit: 1003
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November 02, 2012, 08:34:19 AM |
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And linux  +1 here, I prefer MulitBit as well. |
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sacko
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November 02, 2012, 08:41:56 AM |
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He is using Win XP.
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Phox
Newbie
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Activity: 31
Merit: 0
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November 02, 2012, 11:08:58 AM |
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Without a doubt I would use the Blockchain online wallet. Two-factor security and you can create your own AES encrypted backups. Check into it and the features they offer: http://blockchain.info/wallet |
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sacko
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November 02, 2012, 11:10:27 AM |
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Yes, its a good wallet but no solution for large funds.
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Kazimir
Legendary
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Activity: 1176
Merit: 1003
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November 02, 2012, 11:41:50 AM |
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Yes, its a good wallet but no solution for large funds. Why not? (provided you keep encrypted backups on other locations) |
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sacko
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November 02, 2012, 12:00:48 PM |
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Yes, its a good wallet but no solution for large funds.
Why not? This is self-explanatory. |
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RoxxR (OP)
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November 02, 2012, 12:10:16 PM |
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Thanks for the feedback.
I was first tempted by the blockchain wallet but the fact that the client code can be so easily and transparently updated by the site operator is a dealbreaker for me. I would feel much safer if I'm in control of whether and when to update my client.
But I haven't made a final choice yet. Still looking at all the options.
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helloworld
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November 02, 2012, 12:18:51 PM |
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Yes, its a good wallet but no solution for large funds.
Why not? This is self-explanatory. Please explain. |
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helloworld
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November 02, 2012, 12:27:38 PM |
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the client code can be so easily and transparently updated by the site operator
Transparency = good Opacity = bad |
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sacko
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November 02, 2012, 12:30:54 PM |
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the client code can be so easily and transparently updated by the site operator
Transparency = good Opacity = bad I think thats not what he meant. |
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Monkey1
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November 02, 2012, 09:47:22 PM |
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Best choice for security is offline Armory wallet. You can sign and send funds from it without ever conecting it to the internet!
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Kazimir
Legendary
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Activity: 1176
Merit: 1003
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November 03, 2012, 10:56:35 AM |
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This is self-explanatory. For argument's sake, could you please elaborate? |
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cosmicboy
Member
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Activity: 94
Merit: 10
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November 03, 2012, 05:47:38 PM |
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I don't think any windows wallet is secure due to trojans that can keylog. Even if you think you have a secure password, if you have a keylogger it is not secure.My suggestion is to get something like liberte linux on a thumbdrive and keep most of your btc there and keep only a little in your windows bitcoin wallet...kind of like leaving your big money in a safe at home and only a little in your wallet.
cosmicboy
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RoxxR (OP)
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November 03, 2012, 07:02:10 PM |
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I don't think any windows wallet is secure due to trojans that can keylog. Even if you think you have a secure password, if you have a keylogger it is not secure.My suggestion is to get something like liberte linux on a thumbdrive and keep most of your btc there and keep only a little in your windows bitcoin wallet...kind of like leaving your big money in a safe at home and only a little in your wallet.
cosmicboy
You can get trojans on any OS, not just Windows. It all depends on being able to secure your OS effectively. And I happen to do that for a living. |
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RoxxR (OP)
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November 03, 2012, 07:04:32 PM |
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#1 choice: electrum (flatfly)
What is "flatfly"? |
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