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Author Topic: HOWTO: create a 100% secure wallet  (Read 274046 times)
Ex0deus
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February 19, 2013, 12:29:04 AM
 #1341

I am sorry in advance if this question been answered previously, But this is a long thread!
What is the disadvantages of using online wallet like Blockchain  for example? Of course they could fold tomorrow but I mean in term of actual security and encryption.

Technically... the site operators have access to the wallet.dat created for your online wallet because it resides on their servers.
Some online wallets don't even use such methods and instead use a shared wallet.
Some of the better online wallets i would say are good for simple daily usage... but I would suggest it for any kind of long term storage.

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DontMineMe
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February 19, 2013, 02:26:56 AM
 #1342

I am sorry in advance if this question been answered previously, But this is a long thread!
What is the disadvantages of using online wallet like Blockchain  for example? Of course they could fold tomorrow but I mean in term of actual security and encryption.

Technically... the site operators have access to the wallet.dat created for your online wallet because it resides on their servers.
Some online wallets don't even use such methods and instead use a shared wallet.
Some of the better online wallets i would say are good for simple daily usage... but I would suggest it for any kind of long term storage.

Thanks! BTW, What online wallet would you consider the safest for daily use ?

English is not my native language. If I make a mistak, give me a break. will yah?
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Scotty M
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February 19, 2013, 03:31:19 AM
 #1343

Awesome info, thanks!

I already installed my client, I'll have to figure out how to handle this before I move any serious money into it.
drakness
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February 19, 2013, 04:03:17 AM
 #1344

Thank you!
Giddeon
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February 19, 2013, 08:58:40 PM
 #1345

Fun, and useful.

I guess sometime I will have enough BTC to warrant such precautions.

Here's hoping...
just1nmc
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February 19, 2013, 09:17:14 PM
 #1346

I have my bitcoins stored in separate paper wallets. Is there a way to occasionally check their balances without importing the private key to a website?
kosmokramer
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February 19, 2013, 09:49:52 PM
 #1347

@just1

Yes - blockchain.info allows you to assign a "watch-only" address. You can then keep an eye on the balance without them (or you) having the ability to spend it. When/if you're ready to spend, you just import the private key.

firstbits: 1kosmo | PGP Public Key
crabel
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February 20, 2013, 01:51:48 AM
 #1348

What is the issue with using something like armory? The problem with the bitcoin client is that it takes forever to sync the blockchain. Am I missing something here. The issue is air gapping to prevent online intrusion and encryption to prevent offline intrusion.
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February 20, 2013, 04:20:18 AM
 #1349

cool beans yo

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February 20, 2013, 11:49:34 PM
 #1350

Is *anything* every really "100% secure"?
toz
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February 21, 2013, 12:40:10 AM
 #1351

Someone needs to make a tool specifically to make it fast and easy to create paper Bitcoin wallets.
nikb
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February 21, 2013, 12:41:22 AM
 #1352

Someone needs to make a tool specifically to make it fast and easy to create paper Bitcoin wallets.

It's like ductape, only better!
plummonkey
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February 21, 2013, 12:59:31 AM
 #1353

interesting.
Mike Christ
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February 21, 2013, 01:01:25 AM
 #1354

interesting.

I think you're pretty interesting.

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February 21, 2013, 01:02:52 AM
 #1355

interesting.

I think you're pretty interesting.

Hey, hey... no public flirting.
Cubic Earth
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February 21, 2013, 01:24:14 AM
 #1356

Someone needs to make a tool specifically to make it fast and easy to create paper Bitcoin wallets.


BitAddress.org is pretty good.  Just make sure to check the signatures, save the page to a file, and then only run the script on an offline computer and print to an airgapped printer etc.

R
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Lassi
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February 21, 2013, 09:03:36 AM
 #1357

Duly noted. Thanks for the info.

Now it's time for the FTC to put everything Butterfly Labs has done through the magnifying glass and then burn the wings off those bastards.
furynox
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February 21, 2013, 07:22:21 PM
 #1358

Thanks for helping me secure my wallet =)
dmanti
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February 21, 2013, 09:16:11 PM
 #1359

Thanks OP. I am kind of a c*nt.  Roll Eyes

Great write-up.
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February 22, 2013, 01:29:02 AM
 #1360

+1 good info man.
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