Where to store bitcoins safely?

[omahapoker]

Here are threads from the last week with the same question:  


https://bitcointalk.org/index.php?topic=1231863.0
https://bitcointalk.org/index.php?topic=1235564.0


In my opinion paper, multisig or hardware wallets are the best options

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[Mickeyb]

I suggest that you get a hardware wallet, something like Trezor if you have enough funds to be taken care of. If you don't want to spend money you can use paper wallets.

Even the USB sticks with the wallet.dat files are not a bad option if you have made them in clear environment, maxe sure that you have no viruses in your computer, USB sticks, etc.

All options let you add bitcoins later.

[Aggressor66]

I suggest that you get a hardware wallet, something like Trezor if you have enough funds to be taken care of. If you don't want to spend money you can use paper wallets.

Even the USB sticks with the wallet.dat files are not a bad option if you have made them in clear environment, maxe sure that you have no viruses in your computer, USB sticks, etc.

All options let you add bitcoins later.

I agree, when you eventually have to transfer Bitcoins from your paper wallet to a wallet you will end up having to use a computer - that computer may be compromised with a keylogger or a screen capture - It makes sense to spend a few dollars/euros/pounds etc to ensure that your Private keys are kept away from that computer.

[ranochigo]

I suggest that you get a hardware wallet, something like Trezor if you have enough funds to be taken care of. If you don't want to spend money you can use paper wallets.

Even the USB sticks with the wallet.dat files are not a bad option if you have made them in clear environment, maxe sure that you have no viruses in your computer, USB sticks, etc.

All options let you add bitcoins later.

I agree, when you eventually have to transfer Bitcoins from your paper wallet to a wallet you will end up having to use a computer - that computer may be compromised with a keylogger or a screen capture - It makes sense to spend a few dollars/euros/pounds etc to ensure that your Private keys are kept away from that computer.

USB sticks can probably fail in the long short or at least become corrupted.

Paper wallet can be used on a clean wiped computer with almost no possibility of it getting compromised. With a USB stick, you require a computer with Bitcoin Core (can be unsynced as long as you have the crafted TX) as it is one of the few clients accepting that format. Private keys are pretty much accepted universally.

[tom555]

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?

there is many way to secure your bitcoin,you can use papper wallet,hardware wallet or maybe store on your vault. but  think its not totally safe,because every system have a minus way,have a black hole.so,just make sure you not keep your big amount of your bitcoin in one or two wallet,keep them in many storage.and check them continously.and of course you have not show your data,like email or anything with everyone.its a little tips from me..

[turvarya]

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.

I used tails for that: https://tails.boum.org/
I think, it a good alternative, if you don't have an air gapped machine. Just put the program you want to use on the same usb-stick. (don't forget to physically unplug your pc from the internet before starting tails)

[yanka50]

I think the best way to store them is with web wallets that have SMS protection.

[turvarya]

I think the best way to store them is with web wallets that have SMS protection.

Definitively not.
They way you log into a website, doesn't change, that if they get hacked or go rough, your Bitcoin are gone.
If you want to use a webwallet use something like https://greenaddress.it. It is multisig, so someone would need to hack both the website and your device to steal your funds.

[lite]

Live linux OS is the best. you should have 2 usb drive, install linux OS on one and on another store your wallet/wallet.dat whatever you prefer.

[yanka50]

I think the best way to store them is with web wallets that have SMS protection.

Definitively not.
They way you log into a website, doesn't change, that if they get hacked or go rough, your Bitcoin are gone.
If you want to use a webwallet use something like https://greenaddress.it. It is multisig, so someone would need to hack both the website and your device to steal your funds.

Do they have the option to send SMS with codes before login?

[ranochigo]

I think the best way to store them is with web wallets that have SMS protection.

Definitively not.
They way you log into a website, doesn't change, that if they get hacked or go rough, your Bitcoin are gone.
If you want to use a webwallet use something like https://greenaddress.it. It is multisig, so someone would need to hack both the website and your device to steal your funds.

Do they have the option to send SMS with codes before login?

They do. But they implemented 2FA poorly on android for me and I lost 0.04BTC. They didn't reply me either.

They just need to key log your computer if you don't have 2FA, they can easily use your mnemorics to transfer the money. I would have preferred it more if it's 2 of 3 as there is a faster way of recovering Bitcoins if they close down one day. Currently, the nlocktime requires a certain period of time.

[chek2fire]

Ledger wallet is very good option and cheap

https://www.ledgerwallet.com/

and they have and great support. They have answer my question every time immediately. 

[TastyChillySauce00]

trezor will be your good choice, and after that ledger
trezor is pretty expensive tho

[bill gator]

Many users here have the write idea. Pretty much the only virtually safe way to hold onto your bitcoins indefinitely is via cold-storage or hardware wallets.

Web wallets are a No no, but also just simply using the Bitcoin Core with encryption should do the trick if you're in that kind of thing.

[Blawpaw]

I guess you can use blockchain.info. It is a perfectly secure wallet. Dont keep your Bitcoin on you desktop or you might get burned.
If you decide to use the blockchain wallet, you will need to have 2FA activated. Only by having the 2FA activated your account will be secure.

[TheRealJonnySmithers]

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?

Definitely Coinbase. I've been using it for a year or so now and have no problem with it.
It's secure and very easy to use. Has "My Vault" aside from "My Wallet" for safer storage.

[sana9821]

you can store it on the paper wallet or even safer method would be to hold it in a hardware wallet so no one could steal it

[ranochigo]

I guess you can use blockchain.info. It is a perfectly secure wallet. Dont keep your Bitcoin on you desktop or you might get burned.
If you decide to use the blockchain wallet, you will need to have 2FA activated. Only by having the 2FA activated your account will be secure.

On the contrary, you would get burnt even more badly when using blockchain.info.
Firstly, 2FA protects only against client side attacks. When using it, Blockchain.info only allows encrypted wallet files to be downloaded if the 2FA is correct. However, their employees would have access to the encrypted wallet if they have access to the server. If you use a weak password or they use weak encryption, your coins can be stolen. Their security track record already indicates how trustable they are.

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?

Definitely Coinbase. I've been using it for a year or so now and have no problem with it.
It's secure and very easy to use. Has "My Vault" aside from "My Wallet" for safer storage.

Coinbase vaults does not allow users to have control over their address. This means that if they are offline, you won't be able to get your Bitcoins back. Your best bet is to use multisig vault with "Managing the security myself" option.

[lottery248]

nobody knows, all up to you, man.
because bitcoin wallet is secure enough in basic.

[BitcoinBullion]

I just got my Trevor and I am happy I did.  Its worth it to invest the $120 to protect your BTC if you are going to be investing more than a couple hundred dollars.