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Author Topic: HOWTO: create a 100% secure wallet  (Read 275114 times)
cho
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November 17, 2012, 01:43:51 PM
 #1121

Thanks to the original author for this thread

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suade
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November 17, 2012, 01:48:39 PM
 #1122

Thank you for this!
Eskimo
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November 17, 2012, 02:50:54 PM
 #1123

Thank you for this!

Thanks to the OP
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November 18, 2012, 03:34:32 AM
 #1124

I want a secure wallet
hashkey
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November 18, 2012, 09:35:35 AM
 #1125

Hello, I got some questions that I would be thankful if someone would shed a light on it for me:

aiwk171 has mentioned on the OP that:

Quote
But how can I haz my money back?

Okay, for those of you who didn't guess it yet: Whenever you want to make a transaction from your savings-account to someplace else, get your wallet.dat out of the safe, boot up your liveCD (don't you dare using your regular OS after all this work, or I'll come beat you up personally) and do the reverse: Install bitcoin again, install the encryption-software if necessary and copy your wallet.dat where it belongs.

Here are my questions:
  • Does that mean that I have to wait for hours/days for the bitcoin application to be updated before I can check its balance or make some transaction?
  • Can I just copy the contents of the bitcoin directory (.lock, blk0001.dat, blk0002.dat, blkindex.dat, db.log, debug.log, peers.dat) to the bitcoin directory of the Ubuntu live cd to make the update procedure faster?


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November 18, 2012, 09:50:50 AM
 #1126

The brainwallet concept is very ground braking and cool.
Kazimir
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November 18, 2012, 02:03:57 PM
 #1127

Is it safe to backup my wallet on dropbox?
HELL NO! Well unless you encrypted it with a strong password. But Dropbox (i.e. their employees) can access your data. And depending on where they host their data, so can the particular 3rd party hosting / cloud storage company (maybe Amazon or whatever).

Not saying these companies are untrustworthy, but you simply don't want to take this risk. Especially because IF your coins disappear, there's no way to proof it was them.

Wuala.com (an alternative to Dropbox) is safer because encryption occurs client side there.

Then again, you shouldn't have an unencrypted wallet on your PC anyway. Suppose someone breaks in and takes your PC. Or you lose your laptop or whatever. Simply do NOT mess around with your money.


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November 18, 2012, 07:53:26 PM
 #1128

Best way you be to just memorise if you can Wink
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November 19, 2012, 08:46:55 PM
 #1129

Best way you be to just memorise if you can Wink

I assume you're talking about the passphrase, well that's not entirely adecuate, because id something were to happen to you, nobody is going to be able to take the money from your account, so you can write it down and put it in a safebox, where your family can access it and in case of any sudden death, they will be able to use the money.
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November 20, 2012, 07:44:55 PM
 #1130

Thank you for all the excellent information in this thread. This is useful information for new people interested in bitcoin as me.
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November 20, 2012, 08:39:33 PM
 #1131

Brainwallets are a great idea; just don't forget the phrase if you are storing a lot of money!
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November 20, 2012, 09:54:02 PM
 #1132

Cool
IRCCo Jeff
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November 21, 2012, 04:02:50 AM
 #1133

I would agree that the best practice is to keep your wallet on media not connected to the internet for routine storage (and have backups)
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November 21, 2012, 11:16:46 AM
 #1134

I am hoping Bitcoin QT clients encryption is safe enough for the time being while I only have minimal bitcoins but it looks like ill have to look into wallet security a lot more.

Im guessing there would be a way to have my wallet stored on a usb stick for saftey
hashkey
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November 21, 2012, 06:38:13 PM
 #1135

I am hoping Bitcoin QT clients encryption is safe enough for the time being while I only have minimal bitcoins but it looks like ill have to look into wallet security a lot more.

Im guessing there would be a way to have my wallet stored on a usb stick for saftey

There is a way. And it's already been discussed on the thread's OP.  Undecided

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November 22, 2012, 01:11:50 AM
 #1136

There's no 100% secure wallet just as there exists no 100% effective contraceptive
Chris Weber
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November 22, 2012, 07:35:50 AM
 #1137

First you have to set measure what is secure for you.
e.g.:
-you want noone to know you holding Bitcoin
-you wand noone to see your transaction
-you are confident noone knowing that a transaction is connected to you
-you just want to be the only one to spend your coin

if you wanna have all of that, it is hard - but still possible or at least plausible deniable with Bitcoin.
But never forget, that it was never intended to be "not known" anyhow - it was just meant to be pseudonymous and free of central control.
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November 22, 2012, 05:55:40 PM
 #1138

Put in safety box is the most secure lol.
zxyzxy
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November 22, 2012, 11:30:52 PM
 #1139

Is it safe to backup my wallet on dropbox?
HELL NO! Well unless you encrypted it with a strong password. But Dropbox (i.e. their employees) can access your data. And depending on where they host their data, so can the particular 3rd party hosting / cloud storage company (maybe Amazon or whatever).

Not saying these companies are untrustworthy, but you simply don't want to take this risk. Especially because IF your coins disappear, there's no way to proof it was them.

Wuala.com (an alternative to Dropbox) is safer because encryption occurs client side there.

Then again, you shouldn't have an unencrypted wallet on your PC anyway. Suppose someone breaks in and takes your PC. Or you lose your laptop or whatever. Simply do NOT mess around with your money.


you think someone from their site has the time or motivation to g through tones of uploaded data? compress it as randomfilename.rar that is pw protected and there you go
prezbo
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November 22, 2012, 11:32:16 PM
 #1140

Is it safe to backup my wallet on dropbox?
HELL NO! Well unless you encrypted it with a strong password. But Dropbox (i.e. their employees) can access your data. And depending on where they host their data, so can the particular 3rd party hosting / cloud storage company (maybe Amazon or whatever).

Not saying these companies are untrustworthy, but you simply don't want to take this risk. Especially because IF your coins disappear, there's no way to proof it was them.

Wuala.com (an alternative to Dropbox) is safer because encryption occurs client side there.

Then again, you shouldn't have an unencrypted wallet on your PC anyway. Suppose someone breaks in and takes your PC. Or you lose your laptop or whatever. Simply do NOT mess around with your money.


you think someone from their site has the time or motivation to g through tones of uploaded data?
Not too difficult if you know the file is most likely named "wallet.dat".
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