Bitcoin Forum
February 21, 2018, 07:55:07 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Wallet security  (Read 2090 times)
Protatoob
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
December 15, 2015, 01:46:36 PM
 #1

Hi guys, I'm new to this Bitcoin thing. I'm thinking of buying some for my son when he grows older. Have read up about paper wallets cold storage etc. As I'm not looking for something too complicated, I've singled out 2 choices,
1) use breadwallet on my iPhone, generate a recovery phrase and wipe wallet after I copied the public address. Will recover the wallet when I need to use the funds and right after that I'll wipe the wallet again.
2) Use a trezor on an android phone - probably my Samsung phone

What are your thoughts on this? Which is more secure and what are the odds of losing the coins?
1519199707
Hero Member
*
Offline Offline

Posts: 1519199707

View Profile Personal Message (Offline)

Ignore
1519199707
Reply with quote  #2

1519199707
Report to moderator
1519199707
Hero Member
*
Offline Offline

Posts: 1519199707

View Profile Personal Message (Offline)

Ignore
1519199707
Reply with quote  #2

1519199707
Report to moderator
1519199707
Hero Member
*
Offline Offline

Posts: 1519199707

View Profile Personal Message (Offline)

Ignore
1519199707
Reply with quote  #2

1519199707
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1519199707
Hero Member
*
Offline Offline

Posts: 1519199707

View Profile Personal Message (Offline)

Ignore
1519199707
Reply with quote  #2

1519199707
Report to moderator
1519199707
Hero Member
*
Offline Offline

Posts: 1519199707

View Profile Personal Message (Offline)

Ignore
1519199707
Reply with quote  #2

1519199707
Report to moderator
1519199707
Hero Member
*
Offline Offline

Posts: 1519199707

View Profile Personal Message (Offline)

Ignore
1519199707
Reply with quote  #2

1519199707
Report to moderator
BitcoinNewsMagazine
Legendary
*
Online Online

Activity: 1064
Merit: 1005



View Profile WWW
December 15, 2015, 02:57:30 PM
 #2

Hi guys, I'm new to this Bitcoin thing. I'm thinking of buying some for my son when he grows older. Have read up about paper wallets cold storage etc. As I'm not looking for something too complicated, I've singled out 2 choices,
1) use breadwallet on my iPhone, generate a recovery phrase and wipe wallet after I copied the public address. Will recover the wallet when I need to use the funds and right after that I'll wipe the wallet again.
2) Use a trezor on an android phone - probably my Samsung phone

What are your thoughts on this? Which is more secure and what are the odds of losing the coins?

Using Trezor with Mycelium wallet on your Android phone is the better option. Your private keys are never exposed.

Protatoob
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
December 15, 2015, 05:52:56 PM
 #3

Hi guys, I'm new to this Bitcoin thing. I'm thinking of buying some for my son when he grows older. Have read up about paper wallets cold storage etc. As I'm not looking for something too complicated, I've singled out 2 choices,
1) use breadwallet on my iPhone, generate a recovery phrase and wipe wallet after I copied the public address. Will recover the wallet when I need to use the funds and right after that I'll wipe the wallet again.
2) Use a trezor on an android phone - probably my Samsung phone

What are your thoughts on this? Which is more secure and what are the odds of losing the coins?

Using Trezor with Mycelium wallet on your Android phone is the better option. Your private keys are never exposed.

Thanks for the reply. Hmm are private keys exposed while using breadwallet in the way I described? Also, what happens if i lose the trezor or if it breaks? Do i need to buy another one?
BitcoinNewsMagazine
Legendary
*
Online Online

Activity: 1064
Merit: 1005



View Profile WWW
December 15, 2015, 06:41:37 PM
 #4

Hi guys, I'm new to this Bitcoin thing. I'm thinking of buying some for my son when he grows older. Have read up about paper wallets cold storage etc. As I'm not looking for something too complicated, I've singled out 2 choices,
1) use breadwallet on my iPhone, generate a recovery phrase and wipe wallet after I copied the public address. Will recover the wallet when I need to use the funds and right after that I'll wipe the wallet again.
2) Use a trezor on an android phone - probably my Samsung phone

What are your thoughts on this? Which is more secure and what are the odds of losing the coins?

Using Trezor with Mycelium wallet on your Android phone is the better option. Your private keys are never exposed.

Thanks for the reply. Hmm are private keys exposed while using breadwallet in the way I described? Also, what happens if i lose the trezor or if it breaks? Do i need to buy another one?

Your private keys on Breadwallet are encrypted if you use a passphrase but there is malware that can steal private keys and log keystokes. With Trezor your private keys are always offline. When you set up your Trezor you are given a 24 word phrase to write down in order, called your seed. All the bitcoin addresses you will ever use in the wallet are derived from the seed. In effect the seed is your bitcoin. If you lose the Trezor or it breaks just buy a new one and restore from seed. You can also use the seed in Electrum if you want. Most folks who rely on Trezor keep a spare around.

owlcatz
Legendary
*
Offline Offline

Activity: 1400
Merit: 1027


BTC, XMR & VIA FTW


View Profile WWW
January 11, 2016, 10:15:36 PM
 #5

I use a trezor, sometimes with mycelium, sometimes just the standard web plug in. I've tried core, multibit, armory and all the rest, and so far I like the trezor the best. I don't have a spare around yet, but soon. Wink

           ▄▄▄▄▄▄▄▄
      ▄▄██████████████▄▄
    ▄████████████████████▄
   ████████████████████████
  ███▀██████████████████▀███
 ████  ▀██████████████▀  ████
█████    ▀██████████▀    █████
█████      ▀██████▀      █████
█████       ▀██▀       █████
█████   ██▄        ▄██   █████
▀▀▀▀▀   ████▄    ▄████   ▀▀▀▀▀
        ██████▄▄██████
  ██████████████████████████
   ████████████████████████
    ▀████████████████████▀
      ▀▀██████████████▀▀
           ▀▀▀▀▀▀▀▀

Monero
          ▄▄▄██████▄▄▄
      ▄▄████████████████▄▄
    ▄███████████▀██████████▄
   ████████████  █  █████████
  █████████         ██████████
 ████████████         █████████
▄███████████    ███    ████████▄
███████████▌   ▀▀▀▀   ▄█████████
███████████   ▄▄▄▄   ▀██████████
▀█████████▌   ███▀    ▐████████▀
 ███████             ▐█████████
  █████████  █  ▄▄▄▄██████████
   ███████  █  ▄█████████████
    ▀████████▄▄████████████▀
       ▀████████████████▀▀
          ▀▀▀██████▀▀▀

.Bitcoin
           ▄▄▄███████▄▄▄
       ▄▄█████████████████▄▄
     ▄████▀▀           ▀▀████▄
    ███▀                   ▀███
   ███   ███           ███   ███
  ███     ███         ███     ███
 ███       ███       ███       ███
 ███     ██████     ██████     ███
 ███        ████   ████        ███
 ███     █████████████████     ███
 ███         ███▄ ▄███         ███
  ███         ███████         ███
   ███▄        █████        ▄███
    ████▄       ███       ▄████
     ▀█████▄▄         ▄▄█████▀
       ▀▀█████████████████▀▀
            ▀▀███████▀▀

.Viacoin
             
    ▄▄████████▄▄   
   ▄████▀▀    ▀▀████▄  
   ▄██▀▀            ▀████  
   ██▀ ▄▄███████▄  ▄███████  
   ██  ██▀▀   ▄███████████ ██  
   ██  ██   ▄██▀▀      ███   ██  
  ██  ██   ██▀        ███     ██ 
  ██  ██  ██          ████▄   ██ 
  ██   █████         ██  ██   ██ 
   ██   ███▄      ▄▄██   ██  ██  
   ██   ▀███▄  ████   ▄██  ██  
   ██▄   ▀█████    ███▀  ██  
   ▀██▄   ▀▀███████▀  ▄██  
   ▀██▄▄         ▄▄██▀  
    ▀▀█████████▀▀  
             

.Garlicoin.
bob123
Sr. Member
****
Offline Offline

Activity: 476
Merit: 296



View Profile
February 14, 2016, 01:56:40 PM
 #6

Trezors seems to be the more safer option to me than breadwallet on iOS.

-XXIII-
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
February 18, 2016, 06:39:34 PM
 #7

Mycelium for android is great, it comes in both regular and testnet so it's good for developing without risking precious bitcoin. It uses random words as a seed, similar to Trezor
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!