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Author Topic: HOWTO: create a 100% secure wallet  (Read 249532 times)
Keylan
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April 14, 2013, 10:54:23 AM
 #2341

nothing is 100% secure Smiley
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ineedyourhelp
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April 14, 2013, 11:12:27 AM
 #2342

Thank you ! good man !

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ZombieJesus
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April 14, 2013, 11:31:32 AM
 #2343

Excellent guide Smiley
comal
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April 14, 2013, 01:37:35 PM
 #2344

very useful, thanks a lot

Nat Philosopher
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April 14, 2013, 05:14:03 PM
 #2345

A few questions.

(1) Say I already have my wallet on my mac.
I encrypted it. And backed it up. and copied the backup onto some flash drives.
Now I take the flash drive to another mac, and download another copy of the wallet program, I can open the encrypted data from the flash with my password and it will be able to spend it, right?

Or alternatively I'd be able on the other laptop to change the encryption key, so if I was confident that laptop had no malware,  on it I'd be pretty safe, right?

(2) After I do the above, put my data on the flash encrypted, how do I delete the data from the first machine, in case
its hacked by someone who knows my encryption key?

(3) Wouldn't the above protect me securely from someone later getting access with malware to the first machine?

(4) If I wanted to use the first machine, connected to the internet, to occasionally spend some bitcoins, how would I go about leaving it with a small portion of my stash, as a checking account as it were?
Bystrak
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April 14, 2013, 05:16:35 PM
 #2346

great
debar
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April 14, 2013, 05:58:25 PM
 #2347


Just wondering what people think is a save amount of bitcoins to keep in a single wallet.

As a newbie I would say that if I had more than 100 bitcoins that I would start spreading them over several wallets.


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webchris
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April 14, 2013, 06:08:43 PM
 #2348


Just wondering what people think is a save amount of bitcoins to keep in a single wallet.

As a newbie I would say that if I had more than 100 bitcoins that I would start spreading them over several wallets.

I think that depends on your risk comfort level, and what you do with your bitcoins. For me, a very small player, 10 or more bitcoins would be the level where I start to diversify and take extra security precautions. But if you're trading bitcoins or make large purchases, maybe a high amount would be good for one wallet, then keep a good chunk in a wallet you only access to refill your main wallet, perhaps on a secure PC like the OP was talking about.

Long live the great CLAM!
Somlba
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April 14, 2013, 06:36:15 PM
 #2349

Quote
As a newbie I would say that if I had more than 100 bitcoins that I would start spreading them over several wallets.
Agreed! I can't hurt to have multiple offline wallets.
Lemon
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April 14, 2013, 07:10:04 PM
 #2350

In all honesty, nothing is 100% secure - but thanks for guiding the average user on how to at least achieve a decent level of security on their wallets.

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joan48ellis
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April 14, 2013, 07:12:53 PM
 #2351

i still have questions, PM

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April 14, 2013, 10:26:24 PM
 #2352

I purchased a 100m drop proof and water proof 16gb USB 3.0 drive, for this sole purpose lol.

Wouldn't recommend safe though,  I would recommend hiding it. People will expect to look in a safe, if you are literally that worried that someone will break into your house and make off with the safe and your wallet file, why not just put a fake wallet file in the safe and hide the original somewhere else, in the lining of a jacket, or under a molding panel.
illmattic
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April 15, 2013, 12:46:38 AM
 #2353

I'm a newbie and not really tech savy so I want to make sure I understand completely how this is done and if anyone could be so kind in helping me out I would really appreciate it.

1. I create a cd with the operating system on it.
2. Start the computer with the new operating system and download a bitcoin wallet
3. Then copy the wallet.dat somewhere like another cd.

Some confusion I have is if I want to copy the wallet.dat on a blank cd-r, isn't the operating system cd already in the cd drive. Can I eject the OS cd once its up and running?

Where do I find the wallet.dat?

So is the end product me with a couple of cds that have the wallet.dat on it and a piece of paper where I've written down my addresses.  And if I want to access my wallet do I just download the client again and put in place the wallet.dat? Where exactly does the wallet.dat go?

Is another way to create a secure wallet to just do step one and create a cd with an operating system on it, download the wallet and just keep it there?
AuAg
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April 15, 2013, 12:49:37 AM
 #2354

I purchased a 100m drop proof and water proof 16gb USB 3.0 drive, for this sole purpose lol.

Wouldn't recommend safe though,  I would recommend hiding it. People will expect to look in a safe, if you are literally that worried that someone will break into your house and make off with the safe and your wallet file, why not just put a fake wallet file in the safe and hide the original somewhere else, in the lining of a jacket, or under a molding panel.


I agree most small safes that people use in homes are really only good for light security and fire protection of important papers (insurance, wills etc). Often most home owners don't even do a good job of bolting down or hiding these small safes and the crooks take the entire thing and crack it later.

If you are going to hide it securely in your house make sure it's in a place that will survive a fire or other disaster. 
Lang
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April 15, 2013, 12:54:05 AM
 #2355

thanks! Grin
nameless888
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April 15, 2013, 12:59:52 AM
 #2356

Thanks, will try this if armory ends up hogging too much resources on my laptop and I can't get it sorted out.
emoryyrer96
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April 15, 2013, 01:10:56 AM
 #2357

thank you very much!!

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williamsnider72
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April 15, 2013, 01:21:22 AM
 #2358

thanks... Grin

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April 15, 2013, 01:53:31 AM
 #2359

that syncing time taking forever! Really that many block already out in the wild? Also I was wondering its already half way point is there a point to mine?
Blackbeard82
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April 15, 2013, 03:27:46 AM
 #2360

Thanks for the advice!
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