The safest wallet?

[Brybtc]

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline

Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Should I switch to that method? what are the possible vulnerabilities of it?

And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.

[DannyHamilton]

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over.

So, make a copy?  Perhaps multiple copies?

a friend told me he simply runs electrum portable from a USB flashdrive . . . the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Paper wallets can be created from a seed also.

You still need to store the seed safely and securely.

[Brybtc]

So, make a copy?  Perhaps multiple copies?

Yeah but then again the more copies the more likely one will be found, that's another problem which is why I'm looking for alternatives

Paper wallets can be created from a seed also.

I just had another thread about that and was told paper wallets didn't have a seed

How do I make a paper wallet with a seed? preferably offline

Thanks

[fikihafana]

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline

Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Should I switch to that method? what are the possible vulnerabilities of it?

And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.

Print paper wallet and make it as a tatto, you will never forgot it. For me i used blockchain.info to store my coin

[Brybtc]

For me i used blockchain.info to store my coin

What if they get hacked? I heard they are limiting TOR access now, is that true?

[ranochigo]

For me i used blockchain.info to store my coin

What if they get hacked? I heard they are limiting TOR access now, is that true?

They do store encrypted backups on their server. However, as with all encryption methods, it is possible for hackers to compromise the files with weaker passwords. The time taken would depend on the encryption method.

Blockchain.info does not limit tor connections unless specified by the user. They even have their own onion link.
You can always make copies of it and store it at different geographical locations.

That being said, if used properly, Electrum would be more userfriendly since the transaction can be signed on the offline computer with a GUI, broadcast using an online computer.

[coynedterm]

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline

Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Should I switch to that method? what are the possible vulnerabilities of it?

And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.

safest wallet for bitcoin is blockchain..
and its official wallet rom bitcoin its 100%safe and easy to use

[OmegaStarScream]

For me i used blockchain.info to store my coin

What if they get hacked? I heard they are limiting TOR access now, is that true?

I wouldn't go with Blockchain.info unless I was storing less than 0.25 BTC personally , Blockchain is getting worst and worst and with time (Wallet or API or any other services they provide).

If we speak about the wallet , they are now making the upgrade to the new wallet obligatory and users aren't able to sign/verify messages using this wallet unless they export the private keys (even exporting private keys isn't that newbie friendly) As you need this Tutorial : https://docs.google.com/document/d/1-2l6xOqcbjs9QWEqSh72RD1d8EEdvG_hQuEXw_f_o6w/edit

Even If you print the private keys , that wouldn't make it "Paper wallet" as the wallet already exists in Blockchain.info & they don't give the ability to totally erase the wallets from their servers.

As Hardware wallets are not an option for you , I would suggest the following (to reduce your losses In case something goes wrong) :


1. Store some bitcoin in Electrum (and make sure that you store the seed safely in case of a computer failure)
2. Store the rest of your bitcoins in a Paper wallet and store it safely as well.

Both ways are pretty safe, Electrum is logically more vulnerable as It's installed on your PC but as long as you don't install random stuff and cracked things that may contain malware's (or you could just send the funds in your electrum and Uninstall it & just keep the seed safe)  ,you should be fine.

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline

Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Should I switch to that method? what are the possible vulnerabilities of it?

And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.

safest wallet for bitcoin is blockchain..
and its official wallet rom bitcoin its 100%safe and easy to use

Wrong , wrong and wrong !
Blockchain.info is not the official wallet , Bitcoin Core which is created by Satoshi Nakamoto. and no It's definitely not the safest as I stated above .

[Watson5842]

I use a hardware wallet. For me it's a most handy way of storing btc safely. I use KeepKey and I'm satisfied with it work.

[DannyHamilton]

- snip -
Blockchain.info is not the official wallet , Bitcoin Core which is created by Satoshi Nakamoto.
- snip -

There is no such thing as an "official" bitcoin wallet.  There is no bitcoin company and no bitcoin government, so there isn't anybody in charge that can declare any one wallet to be official".

There is only individual people or groups of people that create their own wallets and make them available to the pubic.  Some of those wallets are more popular than others, but being popular doesn't make something "official".

The Bitcoin Core wallet that exists today is quite different from the one created by Satoshi Nakamoto 7.5 years ago.  It has been largely re-written and modified by other people. There is nothing more "official" about it than any other wallet. It is currently the most popular full node implementation, and therefore it is often called the "reference implementation" since right now any other implementation would create a minority fork if it didn't exactly follow the same consensus rules.  If someone created a different full node implementation that became more popular, then Bitcoin Core would stop being the reference implementation.

[LFC_Bitcoin]

There's no such thing as 'the safest wallet'. Protecting & securing your bitcoin is all personal, it's a users responsibility to ensure that they set up good security measures.

Obviously some services like online wallets give you less chance of keeping your bitcoin's safe but as long as you use a clean PC & are the sole owner of your private keys you should be OK.

I recommend using a hardware wallet, multiple paper wallets or a trezor. Ideally you'd be looking to use 2 or even all 3 of them to split up your bitcoin stash.

[shield132]

There is now safest wallet to keep your bitcoins secure. I adviese you tu use usb or any hard drive and install wallet on them. Then save it for you. It's only the safest way because wallet isn't in internet and no one can access it. But Remember that try to don't be damaged your usb or hard drive.

[x4]

There is no safest wallet for storing bitcoin, even its hardware wallet, a paper wallet or desktop wallet and even a web wallet because everything will depends on you, what if you lost your usb where you store your coin, what if your PC got damage and broken, you lost your password from your web wallet or what if the site is offline? well its game over too. All you need is just be careful and be aware what are you doing, the things that are related in bitcoin so it will be safe even its just a web wallet.

[BitcoinNewsMagazine]

So I mostly use paper wallets for storage which is a risk since if I lose the paper then thats it, game over. I been looking for alternatives and a friend told me he simply runs electrum portable from a USB flashdrive only when he needs to send money, then unplugs it meaning that the wallet and the .dat are both offline

Now while is a bit easier to use than a paper wallet the biggest advantage IMHO is that he got a seed so even if he loses the flashdrive he can get his wallet back.

Should I switch to that method? what are the possible vulnerabilities of it?

And before someone mentions "hardware wallet" I live in a country with some heavy import restrictions (on top of fiscal ones) so I rather not order something that could get me questioned by custom officials.

Hi Brybtc,

The only other really safe way to store your bitcoin is to get your private keys offline using a cold storage solution.

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.

[bitdumper]

If you try to secure something then you yourself are the biggest danger for that thing suppose if you make 2-3copys of a private key and keeps too as a backup and use one as regualr so it can be stolen from you or either can can lost it.it will just increae the risk.the best way to save it is wrap it and gift it to someone else who do not have idea about provate key and also your password in it

[Brybtc]

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.

[ashiqdey]

Obviously 90% will suggest to use blockchain.info as it is official version and our cryptocurrency is totally safe on their hand. If you still want to use 3rd party wallet is upto your thinking, I don't use any party wallet so I guarantee what they could do to your account

[achow101]

Obviously 90% will suggest to use blockchain.info as it is official version and our cryptocurrency is totally safe on their hand. If you still want to use 3rd party wallet is upto your thinking, I don't use any party wallet so I guarantee what they could do to your account

Blockchain.info IS NOT THE OFFICIAL WALLET!!! Most people will in fact NOT RECOMMEND THAT YOU USE THEIR WALLET. Their service has had multiple security issues and vulnerabilities in the past. Furthermore, they ARE a third party wallet. You do not control your Bitcoin if you store it with them; they do. Should their service shutdown, you will lose all access to your Bitcoin.

Blockchain.info IS A SERVICE, NOT THE BLOCKCHAIN. THEY ARE NOTHING OFFICIAL.

[Wind_FURY]

The safest wallet would only be safe if you secure your computer and keys well. Even if you are only using Multibit Classic but then have taken measures to secure it and use encryption then I do think that hackers will have a hard time stealing from you.

For example you are still using Multibit Classic which is considered obsolete. But you can still secure this.

What you should do is zip the folder that contains all your keys and the rest of the data and put a strong password in that zip file, also do not forget to delete the original folder. That is the first layer. Then use Cryptomator and make an encrypted folder then cut the zip file in there. Make sure you use a different password for your encrypted folder. That is the second layer. The third layer would be the password of your wallet or wallets in Multibit.

If you feel uncomfortable leaving that in your computer then move the zip file containing your keys and all the data in a USB. Also do not forget to make back ups.

[densuj]

I used two wallets, they are online and offline wallets everything went fine there are not problem. And the most safest wallets for me all of them, and depend on using of the wallets. If it be used for trading using online wallet and if is for save bitcoin using offline wallet.