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Author Topic: Safest storage for bitcoins?  (Read 1428 times)
spirates
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April 09, 2013, 01:27:05 PM
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Well with the price keep rising Iam worrying that I might loose my coins cause they arent kept in a safe place. Currently they are at a internet market, but iam thinking of moving them to Bitstamp. What are the safest places to keep them? On your computer, but then you can loose them if your computer crashes right? On a internet bank?

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syn999
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April 09, 2013, 01:28:39 PM
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put them on paper wallet and in a safe under your bed

Gabi
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April 09, 2013, 01:32:03 PM
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Currently they are at a internet market, but iam thinking of moving them to Bitstamp
Incoming fail.

Why do you keep the bitcoins there? You think you must keep them in a "bank"?

Safest storage is, as syn999 said, having them on one of YOUR addresses, offline and on a paperwallet/some usb keys
spirates
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April 09, 2013, 01:41:42 PM
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wut how do i print out bitcoins on paper? and how do i get them back in the computer when i want to spend them?

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syn999
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April 09, 2013, 01:45:03 PM
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there are sites out there offer this and it is easy just like the online transfer. transfer from address to address

Gabi
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April 09, 2013, 01:49:47 PM
 #6

wut how do i print out bitcoins on paper? and how do i get them back in the computer when i want to spend them?
Because so you have the key printed on paper, wich is a good way to store information and not lose it.

Very easy, most clients have a option to import the private keys.
jgm
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April 09, 2013, 02:06:56 PM
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wut how do i print out bitcoins on paper? and how do i get them back in the computer when i want to spend them?

You're not printing out bitcoins, you're printing out the keys to your bitcoins.

Think of the bitcoin system as a large vault filled with safety deposit boxes.  Each safety deposit box has an address; that's your bitcoin address (also known as public key).  Each safety deposit box also has an entry code: that's your private key.

When you create a paper wallet all you're doing is taking your public and private keys and writing them down.  The bitcoins stay where they've always been.
ljackstar
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April 09, 2013, 02:09:15 PM
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What about a bitcoin wallet? or is it better to keep them off the computer period?

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April 09, 2013, 02:45:56 PM
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I think people make too much of an issue out of this. If you get Malware constantly then you probably shouldn't be involved in bitcoins to begin with lol

Trade PXL and other coins at Atomic Trade!
scarce
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April 09, 2013, 03:14:38 PM
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If you have not come across this information in the meantime, check out Armory (bitcoinarmory.com). It should help you start storing your bitcoins in the safest possible way according to you IT skills..
silvereagle
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April 09, 2013, 03:24:13 PM
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I would agree that paper is the best form of cold storage.  You can put on flash drive and keep off the grid, but I've had those corrupted before and then your wallet is gone.  Best to print out QR code (or better yet private key string in case you can't find QR reader) and drop in a fireproof safe  -- assuming you have enough to worry about.
btcminer021
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April 09, 2013, 03:51:09 PM
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https://blockchain.info/wallet/

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SilentSonicBoom
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April 09, 2013, 04:08:23 PM
 #13

Keep your coins offline in a USB wallet or on paper in a safe.

ajas
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April 09, 2013, 04:45:35 PM
 #14

Well with the price keep rising Iam worrying that I might loose my coins cause they arent kept in a safe place. Currently they are at a internet market, but iam thinking of moving them to Bitstamp. What are the safest places to keep them? On your computer, but then you can loose them if your computer crashes right? On a internet bank?

cf. for instance https://en.bitcoin.it/wiki/Paper_wallet
MrLeX
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April 09, 2013, 05:17:57 PM
 #15


I see that blockchain.info has a feature to backup your wallet to google drive and places like that. Is this backup method really safe?
silvereagle
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April 16, 2013, 11:24:15 PM
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I think any place that is accessible online isn't safe.  If anyone hacks your Gmail password or GMail starts handing over wallet.dat files to authorities there is no point in it.
CrusaderT2
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April 17, 2013, 01:51:02 AM
 #17

I have been using blockchain wallet for 6 months now. Pretty solid if you get two level password and authenitcator. It lets you backup on dropbox/google drive or email directly.

Of course its no where safe as a offline wallet.

I read that the Armory client is pretty robust. It lets you run armory offline and create a wallet totally isolated from the internet. And when you wish to pull money from it, you can get an online armory client to put a request file onto a usb key. Then you take the usb key go to your offline computer and verify the transaction with your offline wallet. Finally, go back to your online computer and plug in the usb and the transaction goes through.
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April 17, 2013, 02:22:01 AM
 #18

Two options: paper wallet, or redundantly backed up wallet with super-strong password (preferably in Truecrypt).

"Trust, but verify."
Bitrated user: jimhsu.
KuduIO
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April 17, 2013, 02:24:50 AM
 #19

Cold storage as a USB key or paper wallet.

Joined around November 2010
matthewdowns1128A1F5
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April 17, 2013, 02:26:48 AM
 #20

encrypt it

onketing (http://www.onketing.com/)
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