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Author Topic: How should I secure my bitcoins?  (Read 2730 times)
ranochigo
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November 09, 2015, 12:20:52 PM
 #21

Use an old laptop that is normally not connected to the internet. and place linux on it and save there your bitcoins on a lightweight wallet like Multibit and make a backup on a USBstick.
IMO, armory or electrum would be a better choice. They do allow cold storage spending without being directly connected to the internet. Thus making your wallet 100% offline. Electrum would be a better choice imo, the HD wallets doesn't require frequent backups. I see no downside with Windows or Linux if it's offline too.

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BC.GAME
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ronaldo40
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November 09, 2015, 01:05:15 PM
 #22

during this time I was quite safe never hacked or lost. just use blockchain.info and security use google authenticator (2FA) and its use is very easy Smiley

moneyflow
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November 09, 2015, 01:28:43 PM
 #23

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.
If you don't trust yourself then it means bitcoin is not for you in the first place. Bitcoin is created for people who can mange their own money and are not afraid of it.
You better stick to the FIAT and banks if you have trust issues.
Use a wallet key and store it on an external (offline) drive or USB. That way you dont have to worry about hackers stealing your pass key.
devil11
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November 09, 2015, 01:30:23 PM
 #24

You can try blockchain.info wallet. Trustable and safe  Smiley
ibrahim11 (OP)
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November 09, 2015, 03:26:33 PM
 #25


I really want to buy a ledger wallet though. The HW.1 is only 18 euros

Aren't they good?

Yeah I own a ledger wallet, and its enough for me. I didnt pair it with my smartphone though, I just use the card.
For its price it does its job good.

Alternative but more expensive, Trezor!
I bought the ledger hw.1 this morning and it has been shipped. Thanks for the help guys!
Feri22
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November 09, 2015, 03:29:52 PM
 #26

Encrypted paper wallet
BitMaxz
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November 09, 2015, 03:33:13 PM
 #27

You can try this simple steps to secure your bitcoins.
First download and install any virtual box like VM ware after installation install OS on vm ware or virtual box.
after that install anti virus Licensed avg or ESET and then install wallet electrum for lite version. now you have a clean os with anti virus and electrum
. now install vpn like hotspot shield that can connect your wallet anonimously and it can prevent your cookies to be monitor.
now open your internet on vm ware or connect it to transfer all your funds into electrum. Remember activate vpn before make a moves in electrum sync server, password or anything else.
Now your funds in electrum is now safe. You can use it send and recieve transaction just dont forget to activate your anti virus and vpn to prevent monitoring cookies...

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ranochigo
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November 10, 2015, 04:16:31 AM
 #28

You can try this simple steps to secure your bitcoins.
First download and install any virtual box like VM ware after installation install OS on vm ware or virtual box.
after that install anti virus Licensed avg or ESET and then install wallet electrum for lite version. now you have a clean os with anti virus and electrum
. now install vpn like hotspot shield that can connect your wallet anonimously and it can prevent your cookies to be monitor.
now open your internet on vm ware or connect it to transfer all your funds into electrum. Remember activate vpn before make a moves in electrum sync server, password or anything else.
Now your funds in electrum is now safe. You can use it send and recieve transaction just dont forget to activate your anti virus and vpn to prevent monitoring cookies...
Some malware can steal information from your VM. Antiviruses aren't foolproof and you don't need it at all if you install the wallet on a clean computer. VPN services can potentially monitor your traffic and currently, it is safer to do your wallet without the VPN. SSL is secure enough to encrypt all the traffic. Connecting your device to internet is a redundant process. You don't need internet to spend your coins on electrum.

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..CASINO....SPORTS....RACING..
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Sturgeon
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November 10, 2015, 06:38:35 AM
 #29

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it Smiley
better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?


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"The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway"  BlindMayorBitcorn

Parazyd
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November 10, 2015, 11:48:22 AM
 #30

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it Smiley
better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

One would create a paper wallet or something and put it in the bank vault, like a safe deposit box.
ibrahim11 (OP)
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November 10, 2015, 04:07:37 PM
 #31

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it Smiley
better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

One would create a paper wallet or something and put it in the bank vault, like a safe deposit box.

My ledger HW.1 has been dispatched and will arrive this week. I was watching a tutorial on youtube and one of the founders of ledger has 900BTC!  Shocked
lixer
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November 11, 2015, 04:04:05 PM
 #32

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it Smiley
better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

One would create a paper wallet or something and put it in the bank vault, like a safe deposit box.

My ledger HW.1 has been dispatched and will arrive this week. I was watching a tutorial on youtube and one of the founders of ledger has 900BTC!  Shocked

900 bitcoins must be very big money. It's only possible to earn this much via providing any services related to bitcoin. I believe they must have earned that much money from selling Hardware wallet itself.

Parazyd
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November 11, 2015, 09:27:37 PM
 #33

If someone hacks into Coinbase, they could steal alot more than 2 thousand dollars. xD

I'd say if you trust yourself:

- Cold Wallet
- Paper Wallet

If you don't trust yourself:

- Bank Vault
- Get a trusted person to hold and keep your Bitcoins safe.

don't do it Smiley
better trust your self and save your money at paperwallet or trezor

anyway im never hear about Bank vault accept to saving bitcoin ?

One would create a paper wallet or something and put it in the bank vault, like a safe deposit box.

My ledger HW.1 has been dispatched and will arrive this week. I was watching a tutorial on youtube and one of the founders of ledger has 900BTC!  Shocked

900 bitcoins must be very big money. It's only possible to earn this much via providing any services related to bitcoin. I believe they must have earned that much money from selling Hardware wallet itself.

Meh, I got 900 BTC in a month back when I was mining... Of course, it was 2010 so it's a different story Cheesy
I don't think they/he got that much BTC only by sales.
faince222
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November 11, 2015, 09:43:10 PM
 #34

You can use paper wallet (And I advice you to use it if you have a great quantity of bitcoin). Or, you can use blockchain.info and then set the 2FA Authentication and you'll not have any problems (Naturally pay always attention).
iram66680
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November 13, 2015, 12:02:08 PM
 #35

You can use paper wallet (And I advice you to use it if you have a great quantity of bitcoin). Or, you can use blockchain.info and then set the 2FA Authentication and you'll not have any problems (Naturally pay always attention).
Not sure why is anyone using blockchain.info or recommending it for that matter. There are reports which states that blockchain.info saves the encrypted private key on their server and 2FA only secures the wallet from outside hacker. A inside job is still possible. Paper wallets are the best bet imo, it doesn't take much knowledge or time to set it up and is relatively easy to spend with a smart phone.

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November 13, 2015, 03:44:37 PM
 #36

Use a cold storage to make sure the security Grin using bitcoincore, paperwallet or electrum with 2FA. Never trust any online service however the security is, they are still vulnerable to hackers
ibrahim11 (OP)
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November 13, 2015, 03:59:28 PM
 #37

Use a cold storage to make sure the security Grin using bitcoincore, paperwallet or electrum with 2FA. Never trust any online service however the security is, they are still vulnerable to hackers
My ledger HW.1 will be delivered tomorrow I think
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November 13, 2015, 04:07:02 PM
 #38

I know that every HW can broken. SW can be missused. With this facts I choosed paper wallets. I am feeling safe, just make sure that you store your private key in good place and make more copies.
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November 13, 2015, 07:01:25 PM
 #39

I know that every HW can broken. SW can be missused. With this facts I choosed paper wallets. I am feeling safe, just make sure that you store your private key in good place and make more copies.

You also can do both. If you are afraid that your cold storage HD gets broken I recommend to make paper wallets of as well.
Put that these both to different secured places and you're fine.
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November 13, 2015, 07:08:25 PM
 #40

Put them on a hardware portable drive like a USB drive as someone mentioned already with Multibit. But I haven't checked into this on yet, so can't comment on it directly.
I would prefer to us The Ledger as it a cool concept and always updated on their site. The key is to not have it connected to the internet as it is needed to be.
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