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Author Topic: The safest wallet?  (Read 31160 times)
bitdumper
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September 02, 2016, 06:28:34 PM
 #41

For me a paper wallet is the safest wallet of all i don't care about the gussers or hackers but i think that no one is actully intrested to hack my wallet so badly

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September 08, 2016, 06:38:24 AM
 #42

Surprised to see people suggest blockchain.info *sigh*

I'd go with Trezor or paper wallet (paper if you know what you're doing...)

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Karartma1
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September 08, 2016, 06:48:55 AM
 #43

Surprised to see people suggest blockchain.info *sigh*

I'd go with Trezor or paper wallet (paper if you know what you're doing...)

Either they have no basis of cryptography or they really don't know that if they not hold (control) their private keys they have nothing.
They should go tell Mt.Gox, Mintpal and Co. what does it mean when a third-party controls "our" keys for us.

As of my wallets, cold storage for savings and Mycelium on Android for everyday use.
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September 08, 2016, 06:51:17 AM
 #44

If you really want to go "that" far. Go for hardware wallets. I don't suggest these kinds of wallets unless you own like ALOT of bitcoins.

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shinratensei_
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September 08, 2016, 08:01:51 AM
 #45

Surprised to see people suggest blockchain.info *sigh*

I'd go with Trezor or paper wallet (paper if you know what you're doing...)

Either they have no basis of cryptography or they really don't know that if they not hold (control) their private keys they have nothing.
They should go tell Mt.Gox, Mintpal and Co. what does it mean when a third-party controls "our" keys for us.

As of my wallets, cold storage for savings and Mycelium on Android for everyday use.
Forgetting about the people is suggesting about blockchain become a safe wallet, i have a question in your opinions which is better, trezor or ledger? Your answer will really helpful for me for choosing the hardware wallet between trezor and ledger.

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Watercooler
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September 08, 2016, 08:22:37 AM
 #46

I recently bought a hardware wallet, the Ledger Nano  and was so satisfied with it, that I upgraded to the Ledger Nano S when it
came out. Now I can not only cold-store Bitcoins, but also Ethereum.


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September 08, 2016, 09:34:17 AM
 #47

Surprised to see people suggest blockchain.info *sigh*

I'd go with Trezor or paper wallet (paper if you know what you're doing...)

Either they have no basis of cryptography or they really don't know that if they not hold (control) their private keys they have nothing.
They should go tell Mt.Gox, Mintpal and Co. what does it mean when a third-party controls "our" keys for us.

As of my wallets, cold storage for savings and Mycelium on Android for everyday use.
Forgetting about the people is suggesting about blockchain become a safe wallet, i have a question in your opinions which is better, trezor or ledger? Your answer will really helpful for me for choosing the hardware wallet between trezor and ledger.

I'm sorry but I have no aswer for you: I've never used an hardware wallet so I don't want to say anything about them. You can find good guides around here so do your own research: it's your money in the end.  Wink
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September 08, 2016, 10:58:31 AM
 #48

The safest wallets are clearly the paper wallet and the hardware wallet.
But I want to bring into attention another option which this thread didn't cover: cloud storage. It's not the safest thing on earth, but it's not bad either if you use it well.

You get a cloud storage account. Dropbox is everybody's choice, but I prefer TresorIt because they claim everything is encrypted and decrypted by your client and they cannot see your files.
Make a file from your private key (and HD seed), name it "my resume", "my first letter to my fiance" or whatever harmless name you can think of, archive it with 7-zip and a long AES-256 password and put it on the storage.
It may be a good solution if you are afraid you lose the paper wallets.

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September 08, 2016, 11:44:55 AM
 #49

I use electrum wallet and i hope its safe but better to use it for online transactions and save in a usb port offline
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September 08, 2016, 11:21:04 PM
 #50

Surprised to see people suggest blockchain.info *sigh*

I'd go with Trezor or paper wallet (paper if you know what you're doing...)

Either they have no basis of cryptography or they really don't know that if they not hold (control) their private keys they have nothing.
They should go tell Mt.Gox, Mintpal and Co. what does it mean when a third-party controls "our" keys for us.

As of my wallets, cold storage for savings and Mycelium on Android for everyday use.
Forgetting about the people is suggesting about blockchain become a safe wallet, i have a question in your opinions which is better, trezor or ledger? Your answer will really helpful for me for choosing the hardware wallet between trezor and ledger.

I'm sorry but I have no aswer for you: I've never used an hardware wallet so I don't want to say anything about them. You can find good guides around here so do your own research: it's your money in the end.  Wink
Okay, thanks for your feedback and suggestion, dude.

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September 09, 2016, 05:36:17 AM
 #51

There are three safe methods of storing your bitcoin.

1 - Paper wallet (Printed could be infected with malware, and take records of your private keys)

2 - Cold storage (Arduous to use, expensive to set up)

3 - Hardware wallet (Needs to be initialised on a 100% clean computer, otherwise seed could be found)
 


 
 
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September 10, 2016, 03:32:08 AM
 #52

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.


thanks for nice post
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September 10, 2016, 05:50:47 AM
 #53

What white hat hackers have exposed is the insecure brainwallet. Make sure not to use it. Always make a cold storage and use armory if possible. A hardware wallet is also good as long as you keep it in a safe place. Also storing the keys in a boot of OS which has never come online is also good.

R


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posternat
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September 11, 2016, 06:08:23 PM
 #54

For me a paper wallet is the safest wallet of all i don't care about the gussers or hackers but i think that no one is actully intrested to hack my wallet so badly

For me the desktop wallet is reasonably good unless you have a real threat of someone being enemy of yours and he will just dig in your computer to steal your coins.
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September 11, 2016, 06:25:25 PM
 #55

Paper waller is most safe waller.
In second place for me is hardware wallet

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September 11, 2016, 07:33:57 PM
 #56

Paper waller is most safe waller.
In second place for me is hardware wallet

Care to explain why paper wallet is safer than hardware wallet ?  I don't think it is. Hardware wallets are 2FA and malware proof even if your PC is infected and is full of keyloggers. Paper wallet is free but it involves you do some job while hardware wallet all you have to do is to configure it in the first time and then you are good to go. Your bitcoin cannot be stolen from you.

The only downside of Hardware wallets which is the same with paper wallets is that it can be stolen, or damaged if you don't keep it like you should.




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September 11, 2016, 07:42:05 PM
 #57

I think the most secure are the online wallets like blockchain and cryptonator.
Only if you pay for a full account with them not free membership.
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September 11, 2016, 08:01:08 PM
 #58

Paper wallets and hardware wallets are the safest. Paper is safe because you never have your private key online at all (similar with a hardware wallet). Paper wallets are a very cheap option and very secure (assuming you make them properly. Use an Ubuntu Live CD to guarantee you don't have spyware or Trojans). Hardware wallets have a similar basic idea but they're obviously relatively expensive.
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September 11, 2016, 09:24:16 PM
 #59

Paper waller is most safe waller.
In second place for me is hardware wallet

Care to explain why paper wallet is safer than hardware wallet ?  I don't think it is. Hardware wallets are 2FA and malware proof even if your PC is infected and is full of keyloggers. Paper wallet is free but it involves you do some job while hardware wallet all you have to do is to configure it in the first time and then you are good to go. Your bitcoin cannot be stolen from you.

The only downside of Hardware wallets which is the same with paper wallets is that it can be stolen, or damaged if you don't keep it like you should.

Doesn't hardware wallet like Trezor have a backup seed?
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September 11, 2016, 10:56:33 PM
 #60

I would have to say a hardware wallet which you have control of when it touches the net. Smiley
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