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Author Topic: Is Bitcoin core safe to store all of my bitcoin?  (Read 4317 times)
calkob (OP)
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November 05, 2016, 12:52:04 AM
 #1

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?
isen
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November 05, 2016, 01:16:46 AM
Last edit: November 14, 2016, 04:58:21 AM by isen
 #2

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?
As long as you keep your PC clean,use an antivirus software,don't visit sites you don't trust and don't download shady exe files it is safe (much safer than online wallets).
If you are planning to store a big amount of Bitcoin and look for an even safer solution try a paper wallet or buy a hardware one.
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November 05, 2016, 03:25:10 AM
 #3

There is never a good and secure place to store your Bitcoin. Every system have vulnerable and it really comes down to how you handle it. By far Bitcoin Core is one of the safest if you know how to protect your computer and your wallets - like what isen mentioned.

However, I wouldn't recommend you to store all your Bitcoin in one place/machine. If you have a lot of Bitcoin (who know how much for how long?), you should spread them between a lot of wallets ranging from Bitcoin Core to hardware wallet. This way if something bad happen to one of your machine or wallet, you still have some Bitcoin left.

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November 05, 2016, 03:41:39 AM
 #4

Desktop wallets  are also  okay to keep  your   bitcoin on  it  because  you have  the possesion of   your  private keys but   the risk  of  lossing it  is still there. Just like what  is being  mentioned  above   you  must  have a  clean pc and  an  antivrus  in able to avoid being hacked   on your  desktop wallet. If you  really possess   huge amounts then  better to find and use  hardware wallets. In my  own  opinion.

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November 05, 2016, 03:59:11 AM
 #5

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?

Bitcoin core is safe compared  on  web wallets    because  you  have  the  private  keys and  you would  able to retrieve it back when   theres unexpected circumtances  might  happen   in your bitcoin. If you are  making  secure  on your  bitcoin better  to keep  on  cold storage  paper wallets or  trezor and  other  hardware.

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November 05, 2016, 04:01:49 AM
 #6

download the webpage https://www.bitaddress.org/
take your computer offline ( remove the internet wire )
load a linux live boot cd/usb.
print out a public/private key pair using that bitaddress webpage.

you've got yourself cold storage.

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November 05, 2016, 04:04:52 AM
 #7

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?

Bitcoin core is safe compared  on  web wallets    because  you  have  the  private  keys and  you would  able to retrieve it back when   theres unexpected circumtances  might  happen   in your bitcoin. If you are  making  secure  on your  bitcoin better  to keep  on  cold storage  paper wallets or  trezor and  other  hardware.
Some online wallets actually let you create copy of your private keys, export it, store and import later to software wallet of your choice - for example Blockchain.info has this feature.

Bitcoin Core is the first and the longest developed bitcoin wallet. It is open sourced and it is probably the most trusted bitcoin wallet available.

If you want to learn more about it, I recommend this article: http://www.coindesk.com/original-bitcoin-wallet-still-matter/

I am using Bitcoin Core myself and the only con I found so far is that some antiviruses report bitcoin-qt.exe as harmful file containing virus/malware.


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November 05, 2016, 04:10:16 AM
 #8

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?
Bitcoin core is fine as long as you never go to any websites that could potentially give you a virus (in fact keep the computer off of the internet as much as possible) and you make sure to back up your wallet multiple times before doing anything with it.

Core is a good wallet overall imo.
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November 05, 2016, 04:12:53 AM
 #9

I consider bitcoin as safe as long as you have your backup wallet and private keys stored on secured place. Also, as long as the servers are running and having an internet,bitcoin is there and safe to use.

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November 05, 2016, 04:32:34 AM
 #10

I consider bitcoin as safe as long as you have your backup wallet and private keys stored on secured place. Also, as long as the servers are running and having an internet,bitcoin is there and safe to use.

. Back up wallet and make sure your private key secured is very important, but don't forget to change your private key periodically. It will helps you to keep your wallet safe.
So i think bitcoin core will store our bitcoin safely when we do al of that tips

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November 05, 2016, 04:35:39 AM
 #11

download the webpage https://www.bitaddress.org/
take your computer offline ( remove the internet wire )
load a linux live boot cd/usb.
print out a public/private key pair using that bitaddress webpage.

you've got yourself cold storage.
I also suggest you this however can't understand what it mean by linux live boot?

You can use your old pc/laptop which can function but you never connect it to internet. Just use it to generate paper address and print it in offline printer. Than you can format that old pc and never connect it to internet.

Although You need to take care of that printed paper wallet and store it in some safe place protected form water, fire and obviously no one should have access to it.

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November 05, 2016, 04:39:04 AM
 #12

no matter what wallet you use you should do the following to be safe, otherwise it is never safe:
1) download from the correct source. for example download core from bitcoin.org not anyplace else
2) learn how to check the signature and do it. read this: https://bitcointalk.org/index.php?topic=1588906.0
3) either install it on an offline computer for maximum security or if you do it on an online one try to keep it clean, watch for keyloggers and also encrypt the wallet.

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November 05, 2016, 04:43:55 AM
 #13

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?
actually there are many online btc wallet which are secure and also trust .
and i also never heared that any wallet that scammed anyone .
but i will suggest only blockchain which is bitcoin official wallet and make backup of yout wallet .
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November 05, 2016, 05:40:01 AM
 #14

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?

Bitcoin core is safe compared  on  web wallets    because  you  have  the  private  keys and  you would  able to retrieve it back when   theres unexpected circumtances  might  happen   in your bitcoin. If you are  making  secure  on your  bitcoin better  to keep  on  cold storage  paper wallets or  trezor and  other  hardware.
Some online wallets actually let you create copy of your private keys, export it, store and import later to software wallet of your choice - for example Blockchain.info has this feature.

Bitcoin Core is the first and the longest developed bitcoin wallet. It is open sourced and it is probably the most trusted bitcoin wallet available.

If you want to learn more about it, I recommend this article: http://www.coindesk.com/original-bitcoin-wallet-still-matter/

I am using Bitcoin Core myself and the only con I found so far is that some antiviruses report bitcoin-qt.exe as harmful file containing virus/malware.

Im  not aware  about that  feature  on  blockchain.info where  you can copy on your  private keys  that  sounds  really a good thing for me  because  i do  use also  that web wallet for  fast  online transactions . Thanks for this  new  information brother, i would  try these  feature and  securing  my bitcoin  even  on webwallets.  I use  bitcoin core too and  you should really be careful  on  downloading malware  on your pc and   might get   those bitcoins that are being stored .

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November 05, 2016, 05:45:27 AM
 #15

download the webpage https://www.bitaddress.org/
take your computer offline ( remove the internet wire )
load a linux live boot cd/usb.
print out a public/private key pair using that bitaddress webpage.

you've got yourself cold storage.
I also suggest you this however can't understand what it mean by linux live boot?

You can use your old pc/laptop which can function but you never connect it to internet. Just use it to generate paper address and print it in offline printer. Than you can format that old pc and never connect it to internet.

Although You need to take care of that printed paper wallet and store it in some safe place protected form water, fire and obviously no one should have access to it.

we use to make cd's that you could boot from, when you booted from this cd you'd be running a linux OS without having to install it on the HD. this was called a live boot.
these days you can do this with a USB
http://www.linuxliveusb.com/

so, even if your windows computer is full of viruses, you printed from linux so your safe.

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November 05, 2016, 07:46:18 AM
 #16

Downloading full bitcoin node can be time consuming as well as bandwidth consuming so you can save your bitcoin in either paper wallet that can be printed offline or you can purchase hardware wallet like trezor for few hundred dollar if you like to store 1000's of usd worth bitcoin.

 
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November 05, 2016, 08:09:45 AM
 #17

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?
Get your knowledge about bitcoin core and this will not waste your time.
https://en.bitcoin.it/wiki/Bitcoin_Core

Honestly, you need learning more about bitcoin core like me. Roll Eyes

You might for using the simple wallet rather than using bitcoin core(Offline wallet).  Roll Eyes like a lot of people above's said KEEP YOUR PC CLEAN AND KEEP YOUR AMOUNT SECURED.

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November 05, 2016, 08:18:21 AM
 #18

There is no 100% secure place to store the Bitcoins. Everything has its vulnerabilities anr you can't escape that.
But you can keer your Bitcoin split in different places, so in different wallets so if something happens that you don't lose them all. That is my suggestion.

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November 05, 2016, 08:26:18 AM
 #19

I am looking for the best wallet to safely store my bitcoin for the next lot of years (who knows how long) is bitcoin core a safe place to do this or should i look at others?
Yes its good reliable not infected client (when u get it from official page) and it will be forever updated.
I would stick with it Smiley, u could need faster client but its most reliable client.
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November 05, 2016, 08:28:18 AM
 #20

download the webpage https://www.bitaddress.org/
take your computer offline ( remove the internet wire )
load a linux live boot cd/usb.
print out a public/private key pair using that bitaddress webpage.

you've got yourself cold storage.

I will definitely go for this way, just in case I want to store a lot of bitcoins, so I think a paper wallet is the safest but have some disadvantages like paper degrade or the paper itself can be lost all together.
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