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Author Topic: HOWTO: create a 100% secure wallet  (Read 275354 times)
koalahauff
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January 24, 2013, 04:40:25 AM
 #1261

Thnx for tut
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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ddeseo
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January 24, 2013, 10:19:10 AM
 #1262

Very helpfull post, specially for us "newbies". Thank you very much.
constitution
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January 25, 2013, 04:06:37 AM
 #1263

well there's 2 things you need to think about, do you want to secure your wallet or your whole pc/mac/linux system?

securing your wallet, use the password lock at least (doh), better still stick your wallet on a usb drive (even one of those password protected devices) so there's no wallet on your machine at all until you mount the usb drive. keep backups on a 2nd usb drive as well.

i would never use cloud backups but if you think it's ok, encrypt the wallet, stuff it in an encrypted rar file as well (paranoid? put #1 encrypted rar inside a 2nd rar). and then use more than 1 cloud.

securing your system - truecrypt whole system encryption (windoze only) is the best way to go.
or there's a way of doing it for freebsd systems as well (via geli, google it).
linux i dunno, i only used *bsd.

if you're in the paranoid security department, put your whole encrypted OS on a usb drive so there's no bitcoin software on your main machine. keep a backup of course in case the usb flash runs out of write cycles.


all imho of course
MusX
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January 25, 2013, 09:17:15 AM
 #1264

thanks for the information

v3miner
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January 25, 2013, 10:59:53 PM
 #1265

This is pretty interesting but alot of hoops to jump through for some people.

I think there are probably some clever ways for service providers to step in and offer some alternatives, but of course there will always have to be some degree of trust there.
lakzo
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January 25, 2013, 11:25:57 PM
 #1266

Does anyone have any experience with Yubikeys?  I've been thinking about buying one but i'm not even entirely sure it's worth the money when I could just encrypt the wallet.
Duckphobia
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January 28, 2013, 07:22:53 AM
 #1267

My friend gave me 5BTC on a USB, and walked me through the process of installing wallet software and importing the wallet to the compter. If I delete everything associated with bitcoin on the computer and only keep the USB, does that count as a cold offline storage wallet? As far as I know, it is the only copy of the wallet in existance.

Also, if I drop the USB into a lake when fishing, is it lost forever, or can I have a backup using some passcode in a website or is there a customer help line or something?
anonymous_acc
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January 28, 2013, 08:32:32 AM
 #1268

Quote
My friend gave me 5BTC on a USB, and walked me through the process of installing wallet software and importing the wallet to the compter. If I delete everything associated with bitcoin on the computer and only keep the USB, does that count as a cold offline storage wallet? As far as I know, it is the only copy of the wallet in existance.

Yes, it would be pretty secure offline wallet.

BTC: 1HRcwjxG2H5vSnNo5ZbGqMxRPFWJk6dwW9
AndrewJ
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January 28, 2013, 09:36:01 PM
 #1269

Good info, keeping our wallets safe is the most important thing in Bitcoin.
Offthechain
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January 28, 2013, 09:59:23 PM
 #1270

Some good info here... I'm doing a clean install of Linux Mint on a laptop loaded with Armory and the main QT client... backing up to Wuala and a USB stick. The backups are in a truecrypt volume.
Hoping this will be safe enough, with also the ability to send/ receive coins if need be.

Must also think of a way of letting my family know how to access it should I die! Smiley
itai3856
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January 29, 2013, 08:56:03 AM
 #1271

Thanks for that
Got BTC
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January 29, 2013, 10:17:08 AM
 #1272

thanks for the info, will definitely be using some of this in my future endeavors.
Offthechain
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January 29, 2013, 10:16:01 PM
 #1273

Can anyone recommend the best distro of Linux for using as my main Bitcoin machine?
gb5692c
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January 29, 2013, 10:16:13 PM
 #1274

Thanks for the info
ShockTheta
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January 30, 2013, 01:40:59 AM
 #1275

Can anyone recommend the best distro of Linux for using as my main Bitcoin machine?

Why not use windows?

On-topic: Thanks, but will most likely be using blockchain.info
BluePlanet
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January 30, 2013, 04:20:35 PM
 #1276

Encrypting your wallet & holding the coins yourself indeed seems the best. Just don't forget to make a few (encrypted) backups!
caramelsun
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January 30, 2013, 11:11:17 PM
 #1277

This is simple, very nice and simple. Another way (with winblows [smoke]) is to install linux and automate another os (windows or something) which flicks on like most library systems do. Similar concept - no wallet.dat to steal because none was really saved - once you log off of the instance of the second system what you did before is toast.
MarlboroMan
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January 31, 2013, 12:02:08 AM
 #1278

cool
Rexrussell
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January 31, 2013, 07:19:28 PM
 #1279

nice i have a bit of work to do
BrainGame
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February 01, 2013, 12:38:48 PM
 #1280

Very good option to secure your wallet!
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