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Author Topic: How do you store your bitcoins?  (Read 92194 times)
-XXIII-
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February 18, 2016, 11:53:12 AM
 #261

Generate addresses offline using libbitcoin's `bx` command,

Code:
:~$ bxnew 
18z7f9kWDJLFqzNp7iZfgNyXyVNiXbwWnN
Kmyprivatekeymonicas0s8e0n408svndruorvnd8ihv0dr3
0277f112beee55a8db0a37b077ce43052ccd250ca7185b41c6d5131925d8c2d2e5

:~$ ls /usr/bin/bx*
/usr/bin/bx  /usr/bin/bxnew
:~$ cat /usr/bin/bxnew
#!/bin/bash

SEED=`bx seed`
NEW=`bx ec-new $SEED`
WIF=`bx ec-to-wif $NEW`
PUBLIC=`bx ec-to-public $NEW`
ADDRESS=`bx ec-to-address $PUBLIC`

printf "$ADDRESS\n$WIF\n$PUBLIC\n"

exit 0

Create them as needed, save them on encrypted usb. Cold storage for days.
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xslugx
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February 18, 2016, 12:00:49 PM
 #262

Generate addresses offline using libbitcoin's `bx` command,

Code:
:~$ bxnew 
18z7f9kWDJLFqzNp7iZfgNyXyVNiXbwWnN
Kmyprivatekeymonicas0s8e0n408svndruorvnd8ihv0dr3
0277f112beee55a8db0a37b077ce43052ccd250ca7185b41c6d5131925d8c2d2e5

:~$ ls /usr/bin/bx*
/usr/bin/bx  /usr/bin/bxnew
:~$ cat /usr/bin/bxnew
#!/bin/bash

SEED=`bx seed`
NEW=`bx ec-new $SEED`
WIF=`bx ec-to-wif $NEW`
PUBLIC=`bx ec-to-public $NEW`
ADDRESS=`bx ec-to-address $PUBLIC`

printf "$ADDRESS\n$WIF\n$PUBLIC\n"

exit 0

Create them as needed, save them on encrypted usb. Cold storage for days.

Well that's a bit... Extreme ^^'

You gotta have some technical knowledge to understand and do that! Nor really user friendly :p

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February 18, 2016, 12:28:19 PM
 #263

I keep most on an old mobile device, not connected to the internet and is just kept on my drawer with some passcodes needed before you can open it. Idk of that's a great thing to do, but I find it easy to send in times of need than a paper wallet.
fair_player
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February 18, 2016, 12:40:00 PM
 #264

Online wallets like block chain or coinbase are safe only but still hackers are scamming in online wallets. Better you would go ahead with offline wallets, paper or cold storage to keep it safe. That is the thing i know online wallets can be unsafe but i have had a small amount in blockchain.info since i started here. I say small but we are talking a couple of btc. If you have just a small amount then as you say they are safe enough. When you get to 5 and above btc that is when send to cold storage just to be sure. If you have good security and dont surf and download from dodgy sites all will be ok. I only leave on exchanges what i could lose, they could run at anytime..
russian_pete
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February 18, 2016, 12:49:39 PM
 #265

I keep Bitcoins in my own computer. I think because the safest. I keep it online but sometimes I find that quite unsafe because I sometimes hear from people that they have been hacked... So that's why I do it on my own PC.  Undecided
diodio5
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February 18, 2016, 01:06:30 PM
 #266

I keep Bitcoins in my own computer. I think because the safest. I keep it online but sometimes I find that quite unsafe because I sometimes hear from people that they have been hacked... So that's why I do it on my own PC.  Undecided

yeah true other than that. if you save the online course you will be storing in a third party such as blockchain or Coinbase, etc of course they have a chance to be a scam
but the shortage of desktop wallet you're wearing, ie not flexible
Aamir1
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February 18, 2016, 06:27:44 PM
 #267

I keep Bitcoins in my own computer. I think because the safest. I keep it online but sometimes I find that quite unsafe because I sometimes hear from people that they have been hacked... So that's why I do it on my own PC.  Undecided


Better. Always keep your coins in your own PC if you have quite much, use online wallets for daily transactions, don't take the risk of storing a big amount of bitcoins in online wallets.
Flash1997
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February 18, 2016, 06:43:15 PM
 #268

Only use blockchain.info for storing my bitcoins, i don't fell safe with wallet on my pc becouse i can get a virus anytime and lost all my data. Online is easyly for me.
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February 18, 2016, 06:48:12 PM
 #269

Only use blockchain.info for storing my bitcoins, i don't fell safe with wallet on my pc becouse i can get a virus anytime and lost all my data. Online is easyly for me.
Its safe if you install updated anti virus. I will suggest kaspersky because its friendly user and it can prevent all virus and any malware in your pc or laptop it can also remove unsupecious application in your pc or laptop also it can protect your browsing to the internet by cookie monitoring he can protect you by them.. so its safe to use electrum after installing this anti virus..

Solving blocks can't be solved without my rigs.
martinacar
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February 18, 2016, 07:06:00 PM
 #270

I store my Bitcoins at my own computer. I think that is the safest option. Many people use online wallet.
Maybe I will use it too. It is very good to use I heard from some people. But you never know what can happen with it.
Flash1997
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February 18, 2016, 07:20:15 PM
 #271

Only use blockchain.info for storing my bitcoins, i don't fell safe with wallet on my pc becouse i can get a virus anytime and lost all my data. Online is easyly for me.
Its safe if you install updated anti virus. I will suggest kaspersky because its friendly user and it can prevent all virus and any malware in your pc or laptop it can also remove unsupecious application in your pc or laptop also it can protect your browsing to the internet by cookie monitoring he can protect you by them.. so its safe to use electrum after installing this anti virus..

I still preffer to use online wallet. It is simple for me and i have never used a computer wallet. Will try to install a wallet when i will have more btc, for now blockchain is god for my needs.
CryingMidget
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February 18, 2016, 07:30:44 PM
 #272

I store my Bitcoins at my own computer. I think that is the safest option. Many people use online wallet.
Maybe I will use it too. It is very good to use I heard from some people. But you never know what can happen with it.

That's great dude. I am saving my bitcoin in my desktop wallet only. I am using Electrum and multibit to store my bitcoin, You can save more bitcoin addresses in that. But multibit is little slow I guess.
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February 18, 2016, 07:46:29 PM
 #273

Only use blockchain.info for storing my bitcoins, i don't fell safe with wallet on my pc becouse i can get a virus anytime and lost all my data. Online is easyly for me.
Its safe if you install updated anti virus. I will suggest kaspersky because its friendly user and it can prevent all virus and any malware in your pc or laptop it can also remove unsupecious application in your pc or laptop also it can protect your browsing to the internet by cookie monitoring he can protect you by them.. so its safe to use electrum after installing this anti virus..

I still preffer to use online wallet. It is simple for me and i have never used a computer wallet. Will try to install a wallet when i will have more btc, for now blockchain is god for my needs.

The thing with blockchain.info is that it's notoriously known for its bugs and whatnot. Also, it is susceptible to hacks and attacks, which makes it insecure to be a storage of large amounts of coins. It's only good for small amounts that need to be tossed out and about for faster transactions.

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matrix zion
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February 18, 2016, 08:00:20 PM
 #274

I store my Bitcoins at my own computer. I think that is the safest option. Many people use online wallet.
Maybe I will use it too. It is very good to use I heard from some people. But you never know what can happen with it.

That's great dude. I am saving my bitcoin in my desktop wallet only. I am using Electrum and multibit to store my bitcoin, You can save more bitcoin addresses in that. But multibit is little slow I guess.
Electrum is good as far as I know, I never had any problem with it!!
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February 18, 2016, 08:13:38 PM
 #275

I store my bitcoins in a online wallet with a 2 way security, its the easiest method to store a bit of bitcoins, if you have a lot of bitcoins use a paper wallet for it.
I think a online can be secured enough but it depends on how you secured it and how much bitcoins you have.
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February 18, 2016, 08:19:29 PM
 #276

I personally enjoy my bitcoin Trezor and use it to store about 10btc, the rest is stored offline in paper wallets. Also have some in my phone as well.
Thing is to keep small amounts in many places to reduce chances of anything to happen, at least to a consistent part of your capital. I also find it safe e to store your coins in blockchain and put some 2 factor authentication in login to prevent hackers tpo login in your account. This is specially useful for smaller transactions.
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February 18, 2016, 08:20:53 PM
 #277

I store my bitcoins on my Android tablet, It's a hot wallet so I don't need to wait for the data to sync. I would probably use cold storage for higher amounts, however.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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February 18, 2016, 08:23:34 PM
 #278

I store my bitcoins in a online wallet with a 2 way security, its the easiest method to store a bit of bitcoins, if you have a lot of bitcoins use a paper wallet for it.
I think a online can be secured enough but it depends on how you secured it and how much bitcoins you have.

You can secure your online account with an strength password and with 2Fa system (most people don't do this basic things). But the real problem is that online wallet server could be hacked. I don't recommend to store big amounts of bitcoins on online wallets, they are good for small payments but not to be your saving bitcoin account.
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February 18, 2016, 08:25:22 PM
Last edit: February 18, 2016, 11:10:22 PM by Duomo
 #279

I use three wallets currently right now. Options #2 and #3 are most secure and safe in my use of bitcoin.

1. Blockchain.info - just simple and easy to keep a few bitcoins regularly available.
  - they also have an app so I can view my balance of bitcoin, transaction (incoming and outgoing), and other basic necessary information.
  - I can use my email to authorize the device when accessing my wallet. I receive an email if I confirm the device accessing my wallet online.
  - My email is protected by 2FA so a security code which is only available to me, so my personal cellphone would be necessary to open it.
  - I don't recommend storing large amounts of coins here.  

2. Electrum with a Trezor
 - Very easy to just load and I like the fact that I don't need to backup my wallet.
 - Has a wallet seed so I can recover my bitcoins at anytime by just typing my seed into electrum and recovering my wallet.
 - Decentralized Server so I can pick and choose which one I want and the private keys are encrypted + never leave your computer.
 + using Trezor. I can still access my bitcoin safely even if my computer was compromised

3. Paper Wallet
 - Laminated Paper wallet which I keep in a safety deposit box.
 - Never having to worry about getting your paper wallet "compromised"
 - As long as you securely store the wallet and no one ever sees the private key, this is most safe in my personal opinion.
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February 18, 2016, 08:51:39 PM
 #280

I keep Bitcoins in my own computer. I think because the safest. I keep it online but sometimes I find that quite unsafe because I sometimes hear from people that they have been hacked... So that's why I do it on my own PC.  Undecided


Its unsafe to save them online but its the easiest way, and the most people choose the easiest way.
I think a paper wallet is the safest option but the problem is that a lot of work.

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