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Author Topic: The safest wallet?  (Read 31159 times)
FAMIALAM
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August 27, 2016, 10:08:25 PM
 #21

I am using an online wallet called coinbase. and it is safe to me and no charge for making transaction (upto 40 free transaction per day)
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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arwin100
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August 28, 2016, 03:32:04 AM
 #22

I am using an online wallet called coinbase. and it is safe to me and no charge for making transaction (upto 40 free transaction per day)

It is safe for now since maybe your deposit is not huge enough to make them more crazy, coinbase has many issue of looking and stolen funds and i really see that problem is still exisiting so better watch out for that and don't deposit some huge amount in there maybe you should try to shift on differemt wallet provider like blockchain because i think it is more safer among those said btc web wallet.

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August 28, 2016, 03:39:47 AM
 #23

I know there isn't a 100% secure wallet, I'm just comparing wallets here

If you have a spare computer you can set up cold storage using Electrum. The private keys to your bitcoin would stay safely offline in one computer using the offline half of Electrum. You would use Electrum on an online computer to make transactions. A USB drive would be needed to take a transaction to the offline computer to sign then back to online to broadcast. Disadvantage is the computer with your private keys can never again be put online. Are you really sure you cannot afford a Ledger Nano S at $65? Just as secure and so much easier to use.

I have considered cold storage but what would be the difference between that and running linux from a CD or flashdrive without mounting the local SSD and running the cold storage half from there?

As for the hardware wallet as I said in my country we got import restrictions, they literally open the package in front of you and ask you about the content, use of btc is very restricted and I don't want to end up in a list.

If you are going to use Electrum for cold storage your wallet is kept on an offline computer never to be connected to the internet again. That way your private keys are safe from malware. Study the link to Electrum cold storage I posted earlier. If that does not work for you sorry.

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August 29, 2016, 03:06:08 AM
 #24

I am using an online wallet called coinbase. and it is safe to me and no charge for making transaction (upto 40 free transaction per day)

Online wallets are never safe. They are a constant target to hackers. If you are using one at least use 2FA and do not deposit large amounts in it. We have seen too much people being victims of hacks that it is not enough to remind everyone to be careful online. We should make an effort ourselves to remind and be reminded over and over to make it a habit to be secure.

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August 29, 2016, 11:59:22 AM
 #25

For me blockchain is the safest wallet because bitcoins run first in this wallet. But the disadvantage of this is blockchain have when transferrings coins from another wallet. So it is better to transfer your fund if its more bitcoins.
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August 29, 2016, 12:10:36 PM
 #26

Use different wallets in different PC-s or Laptop or even Ipad and Android Devices. Chances are really low that all of these devices will get hacked at the same time. Just make sure you keep all of their seeds in some safe document in your main PC and also their passwords so you will not forget them. If you are still afraid then buy a hardware wallet like Trezor or Ledger.
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August 29, 2016, 02:00:59 PM
 #27

If you are going to use Electrum for cold storage your wallet is kept on an offline computer never to be connected to the internet again. That way your private keys are safe from malware. Study the link to Electrum cold storage I posted earlier. If that does not work for you sorry.

I did consider cold storage and I'm still thinking about it, but again I don't see the difference between that and booting into a liveCD as an "offline" wallet since if the HDD/SSD don't have access to the liveCD OS (think ubuntu without any disks mounted but the USB with the wallet .dat) and is not connected to the internet, how is that different from using another computer that's offline?

Besides wont malware copy itself from the USB you are using to sign your transaction from the live computer to the offline computer and steal your private key?
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August 30, 2016, 05:13:29 PM
 #28

You may buy a small server, install bitcoin wallet and store the coins there. If you need the mBTCs then simply switch the server on, run the bitcoin wallet and send to the destination adddress. After that you can switch off.
Alternatively, you can store the bitcoins in a tresor of a trusted bitcoin wallet.

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August 31, 2016, 05:04:49 AM
 #29

For me blockchain is the safest wallet because bitcoins run first in this wallet. But the disadvantage of this is blockchain have when transferrings coins from another wallet. So it is better to transfer your fund if its more bitcoins.

People do not listen to this advice. The safest way to store bitcoins is thru cold storage. Never ever store really large amounts in a webwallet. Webwallets are a constant target of hackers.

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August 31, 2016, 07:52:42 AM
 #30

My opinion is that the best and safe online wallet blockchain,  Cool
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August 31, 2016, 08:39:26 AM
 #31

For me blockchain is the safest wallet because bitcoins run first in this wallet. But the disadvantage of this is blockchain have when transferrings coins from another wallet. So it is better to transfer your fund if its more bitcoins.

People do not listen to this advice. The safest way to store bitcoins is thru cold storage. Never ever store really large amounts in a webwallet. Webwallets are a constant target of hackers.
You're wrong they are not wanna for suggesting the people about good suggestion but just making a spam post in here. maybe it's will be the correct reason for them is suggesting about blockchain. LOL

And how about combine trezor and offline wallet?whether that is will running smoothly of will have some trouble for combining trezor and offline wallet ? Huh

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August 31, 2016, 02:21:30 PM
 #32

I like my coated paper clips Grin
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August 31, 2016, 07:09:40 PM
 #33

This has to be one of the most indestructible cold storage wallets:
https://99bitcoins.com/crpytosteel-hands-on-review/
Literally made of steel. I don't think anything other than an atomic bomb would destroy this. 
So as long as you didn't lose it, you could put it in a safe somewhere and always have access to your cold storage account.

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August 31, 2016, 08:31:54 PM
 #34

Trezor wallet is the safest wallet in the world. Period.
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September 01, 2016, 03:53:30 AM
 #35

Well this is a funny subject, you mentioned you live in a country which makes importing a hardware wallet difficult. I would recommend you really consider your options to circumvent these restrictions.

They're is no better option than a Trezor, everything else is second rate. For smaller amounts use Mycellium or Breadwallet - but ultimately you need that vault to sleep well.


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September 01, 2016, 03:54:57 AM
 #36

I am using an online wallet called coinbase. and it is safe to me and no charge for making transaction (upto 40 free transaction per day)

Anytime you use an online wallet it is not safe, you are trusting that they do not make a mistake with your money. This is no different than the bank, one of bitcoin's features is being able to secure your own funds. I suggest you do a little research into the variety of secure options you have.

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September 01, 2016, 06:24:00 AM
 #37

Safe Thing Use Online Wallet blockchain , more easier.

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September 01, 2016, 11:58:34 AM
 #38

Thousands of people are using block chain.info every day with large amounts of bitcoins because it's almost safe and reliable, but if you want 100% safe you could use hardware wallets or paper wallets, you really shouldn't focus on safety like it's all that matters, because many people are working day and night just to make sure we are safe using anything online.
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September 01, 2016, 03:58:15 PM
 #39

The safest way to secure your Bitcoins is to use a hardware wallet. And make sure you keep all of their seeds in some safe document in your main PC adn you will never forget your password Smiley
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September 02, 2016, 09:03:06 AM
 #40

There is nothing called safest wallet - every method has flaws and hence every wallet has flaws too. However to be safe use a hardware wallet, do not use online wallets, use Armory and make a cold storage, makes sure not to use a Brainwallet. Also use different passwords in different sites and do not reuse them. Makes sure not to share private keys with anyone.

R


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