HOWTO: create a 100% secure wallet

[Ikigai]

Done

[16PENcE]

Thanks

[quattrobente]

nice read specially for us newbies. how do you secure your usb flashdrive? like can i encrypt it before i access my wallet or such? sorry im not really techie.

[Mainess]

If you prefer to not encrypt the files to avoid remembering passwords, you won't be secure, unless you make a physical backup of the media holding your money and then put that backup in a vault (at your house or in a bank).

Actually, you could do a weekly trip to the bank and put your wallet.dat on a memory stick in a safety box. Assuming that you have that many BTCs to protect.

NO!! Encryption is not some magic thingamajawb that protects you from all evil.

Let me clarify: A _backup_ is of absolutely NO USE. So your weekly trip doesn't accomplish anything if the very same file has been on your main operating system. This is a dangerous fallacy, hence my analogy with "keys" instead of "wallets".

Again: that would be like making a copy of your safe-key every week and putting that in the vault.

It has to be a new, untainted address, in conjunction with the wallet.dat that you deposit. Actually, this is way more convenient, since you don't have to access your bank vault at all. You just deposit/sent the coins into the right addresses.

It's ashame you can't just swallow the file & shit it out for future use's, it would make life so much easier

[wdBTCtrader]

It's ashame you can't just swallow the file & shit it out for future use's, it would make life so much easier

I bet someone is working on that idea at this very moment. 

[caoxg]

thanks for sharing.

[Richy_T]

It's ashame you can't just swallow the file & shit it out for future use's, it would make life so much easier

I bet someone is working on that idea at this very moment. 

Embed it under your skin, Jason Bourne style.

[Bitmanic]

interesting read, thankyou

[cheapsmack]

so what is the best wallet?

[wdBTCtrader]

so what is the best wallet?

in regards to..? I'm assuming security since the title of the post.  

You need a PC that has not been connected to the internet

1. Create your key pair (edit- using a strong password)
2. print out the private key.
3. place the private key in a safe that you and only you have access.
4. destroy the electronic copy of the private key


you will receive BTC with the public key.  you will only need the private key when you send the BTC.  not very convenient, but very secure.

[Chief Satangkai]

Some great information in this thread!

[soldier24]

Thanks for the tips!
Very nice! 

[jcortez1594]

Thanks had one of my wallet's info stolen recently...thankfully it had nearly nothing on it! This should help prevent anything else.

[Mytche]

thanks

[Beeenz]

so what is the best wallet?

I have been using electrum so far, and can highly recommend it. Don't have to spend 5 days downloading the blockchain at least! I have also used blockchain.info, which was good but doesn't seem as secure seeing as someone else is holding onto the coins.

[greyscale]

Thanks for some very useful advice. I now have a secure wallet. Now all i need is some bitcoins to put in it!

[confetti]

thanks

[Silverbug]

Thanks for the tips!

[havoc928]

Thanks for the guide, i will for sure use this.

[beru]

Thanks for the advice on security !

I intend to use Armory since I already use a comp that never goes on the internet...but unfortunatly I found out about Armory after I downloaded and "synchronysed" my wallet (wich took a loooooot of time to get synched) on my "internet computer".

Now, can I just copy my wallet.dat from my "internet computer", delete it there and copy it to my offline one and be safe or do I have to start all over again 

Regards