Where to store bitcoins safely?

[FruitsBasket]

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

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[OmegaStarScream]

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

Paper wallets are probably the safest or one of the safest at least , but they are created mostly to store for long term and not to use them really ... for daily use you can use something like Desktop wallet (e.g Electrum) .
On paper wallets you basically print both private keys and public keys (with QR code) , you can encrypt private keys if you want , if not .. to use your BTC you can scan the QR code and import the private keys to a wallet like blockchain.info or simply re-type the private keys form the paper wallet to blockchain.info .

Or you have hardware wallets such as trezor wallet or Case wallet (which is considered the safest bitcoin wallet on the world and the easiest to use) , it's basically Biometric and multi signature on the same time . Never used them though so can't say much about them .

[Blue_Tiger73]

I think that the safest wallet that you could get is a hardware wallet, like you store your bitcoins on a hard drive. I am not too familiar with this as I use an online wallet which is not the safest option for keeping Bitcoin.

[FruitsBasket]

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

Paper wallets are probably the safest or one of the safest at least , but they are created mostly to store for long term and not to use them really ... for daily use you can use something like Desktop wallet (e.g Electrum) .
On paper wallets you basically print both private keys and public keys (with QR code) , you can encrypt private keys if you want , if not .. to use your BTC you can scan the QR code and import the private keys to a wallet like blockchain.info or simply re-type the private keys form the paper wallet to blockchain.info .

Okay an electrum wallet is that I am going to need. But iI hear many questions/problems regarding the electrum wallet. Do I get a private key when I have an electrum wallet?

[Possum577]

Everyone has a different opinion on the safest option. You need to consider what your needs are and whether you'll be able to manage the password control of a paper or cold wallet.

Anyway, here's a site I like that offers a great comparison of the options. Give it a look: https://www.bitcoin.com/choose-your-wallet

[Possum577]

Everyone has a different opinion on the safest option. You need to consider what your needs are and whether you'll be able to manage the password control of a paper or cold wallet.

Anyway, here's a site I like that offers a great comparison of the options. Give it a look: https://www.bitcoin.com/choose-your-wallet

Try this link too: https://bitcoin.org/en/choose-your-wallet

It looks like someone made a copycat .com site to this original .org site.

[FruitsBasket]

Everyone has a different opinion on the safest option. You need to consider what your needs are and whether you'll be able to manage the password control of a paper or cold wallet.

Anyway, here's a site I like that offers a great comparison of the options. Give it a look: https://www.bitcoin.com/choose-your-wallet

It shows that electrum has a vulnarable environment and that blockchain is centrailized... What is going on?

[Velkro]

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

i would recommend paper wallet, it is form of cold storage, you print private key onto paper and store it safely
coins are offline and safe
many websites offers great paper wallets ready to print

[FruitsBasket]

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

i would recommend paper wallet, it is form of cold storage, you print private key onto paper and store it safely
coins are offline and safe
many websites offers great paper wallets ready to print

If/when I do that, can I deposit to that address?

[Next BillGates]

Yes! Paper wallets are better for safety, imo. And there's no restriction to receive bitcoins to a paper wallet account/address. You can still send bitcoins to that address.

[OmegaStarScream]

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

Paper wallets are probably the safest or one of the safest at least , but they are created mostly to store for long term and not to use them really ... for daily use you can use something like Desktop wallet (e.g Electrum) .
On paper wallets you basically print both private keys and public keys (with QR code) , you can encrypt private keys if you want , if not .. to use your BTC you can scan the QR code and import the private keys to a wallet like blockchain.info or simply re-type the private keys form the paper wallet to blockchain.info .

Okay an electrum wallet is that I am going to need. But iI hear many questions/problems regarding the electrum wallet. Do I get a private key when I have an electrum wallet?

Yes if they didn't change anything , as far as I know you can export the private keys on the regular visible format then import them where you want , I don't recommend that though .
I recommend you to simply store the seed that Electrum wallet give it to you then write it down on a piece of paper and that's it . just keep it safe .. In case of a computer failure or whatever , you can restore your wallet (public keys + private keys) using that seed .

[jambola2]

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

i would recommend paper wallet, it is form of cold storage, you print private key onto paper and store it safely
coins are offline and safe
many websites offers great paper wallets ready to print

If/when I do that, can I deposit to that address?

You deposit to the address either by scanning the public QR code or keeping the public key with you before printing.

The biggest worry is always that someone will gain access to the wallet you have created, either from your computer or your printer.
Ideally, you would inspect the code of the program to generate your wallet code, disconnect your computer from the internet, print the paper wallet, delete print queue, format PC to remove any traces of the file being printed.

You can omit any steps, but that is the paranoid version I've just talked about.

[FruitsBasket]

Yes! Paper wallets are better for safety, imo. And there's no restriction to receive bitcoins to a paper wallet account/address. You can still send bitcoins to that address.

But you can not spend any btc right?
So that I won't gamble my btc

As the title says, where can I store my btc safely? Like a cold storage or something, but i dont get the idea of it... Also when it is safe, I want to deposit to it, is that possible?

i would recommend paper wallet, it is form of cold storage, you print private key onto paper and store it safely
coins are offline and safe
many websites offers great paper wallets ready to print

If/when I do that, can I deposit to that address?

You deposit to the address either by scanning the public QR code or keeping the public key with you before printing.

The biggest worry is always that someone will gain access to the wallet you have created, either from your computer or your printer.
Ideally, you would inspect the code of the program to generate your wallet code, disconnect your computer from the internet, print the paper wallet, delete print queue, format PC to remove any traces of the file being printed.

You can omit any steps, but that is the paranoid version I've just talked about.

Or you can buy a new computer to be sure no infection is already on it, right?

[Possum577]

Everyone has a different opinion on the safest option. You need to consider what your needs are and whether you'll be able to manage the password control of a paper or cold wallet.

Anyway, here's a site I like that offers a great comparison of the options. Give it a look: https://www.bitcoin.com/choose-your-wallet

It shows that electrum has a vulnarable environment and that blockchain is centrailized... What is going on?

Yeah, odd. I'd actually ignore this .com site. The site i use is the .org version.

[FruitsBasket]

Everyone has a different opinion on the safest option. You need to consider what your needs are and whether you'll be able to manage the password control of a paper or cold wallet.

Anyway, here's a site I like that offers a great comparison of the options. Give it a look: https://www.bitcoin.com/choose-your-wallet

It shows that electrum has a vulnarable environment and that blockchain is centrailized... What is going on?

Yeah, odd. I'd actually ignore this .com site. The site i use is the .org version.

They both say the same, only the .org site doesn't display the blockchain computer wallet.

[ranochigo]

Everyone has a different opinion on the safest option. You need to consider what your needs are and whether you'll be able to manage the password control of a paper or cold wallet.

Anyway, here's a site I like that offers a great comparison of the options. Give it a look: https://www.bitcoin.com/choose-your-wallet

It shows that electrum has a vulnarable environment and that blockchain is centrailized... What is going on?

Yeah, odd. I'd actually ignore this .com site. The site i use is the .org version.

They both say the same, only the .org site doesn't display the blockchain computer wallet.

I don't like Bitcoin.com, Bitcoin.org is a better site. Blockchain.info shouldn't be displayed anywhere IMO.
I don't consider Electrum as vulnerable as they don't send the private key to the server. But the way SPV client works allow nodes to have a sybil attack against them.
Instead of paper wallets, I would recommend you to get a raspberry pi, clean install raspbian and install electrum into it. Paper wallets does provide more security against hardware failures but you could easily copy down the electrum seed. The best thing about Electrum is that you could download the transaction info from an online computer, sign it on an offline computer then broadcast it on an online computer.

[Next BillGates]

Yes! Paper wallets are better for safety, imo. And there's no restriction to receive bitcoins to a paper wallet account/address. You can still send bitcoins to that address.

But you can not spend any btc right?
So that I won't gamble my btc

As regarding OP, he asking the ways to safetly store the bitcoins and not to spend.

And you can still spend but have to import that wallet/private key it'll not even take more than a minute.

[Amph]

many usb stick, the best one, wallet inside it and you're done, no fancy or complicated stuff

just keep the pc clean from infection and there is nothing more to add really, i'm doing this fine since years, no coins stolen so far

use another machine to download your turret, or a VM

[Aggressor66]

Also, think about how inconvenient this would be if you want to sell. You'd have to get the paper wallet out of your wall safe, carefully input the private key on a computer, hoping you don't have malware, and then initiate a transaction. This is not a reasonable process for any company operating in Bitcoin.
This is why multi-sig is the most secure. It lets you have online access to your wallet but has the protection of cold storage.

[ranochigo]

Also, think about how inconvenient this would be if you want to sell. You'd have to get the paper wallet out of your wall safe, carefully input the private key on a computer, hoping you don't have malware, and then initiate a transaction. This is not a reasonable process for any company operating in Bitcoin.
This is why multi-sig is the most secure. It lets you have online access to your wallet but has the protection of cold storage.

You have to create multisig yourself and sign the keys individually on different computers. Multi-sig does not provide much more security than paper wallets if they are signed on the same computer. Usually, multi-sig would be much more of a hassle than paper wallets. You can easily scan a paper wallet using mycelium cold storage function and it is quite secure already.