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Author Topic: HOWTO: create a 100% secure wallet  (Read 249756 times)
discordian666
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March 20, 2012, 04:57:47 AM
 #661

Some good suggestions in this thread, one cant be too safe when it comes to keeping their wallet secure

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bcjunkie
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March 21, 2012, 10:39:53 PM
 #662

Definitely some good topics to think about. Emm........ thinking how I'm going to secure my wallet now.   Well... when I actually have something to put in my wallet.
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March 23, 2012, 03:20:30 PM
 #663

I'm not sure if it's already been mentioned in these 33 pages of posts (sorry I was lazy and didn't read it through) but wouldn't the most secure wallet on creation be the one that's put on a USB stick (encrypted or not) then shoved in a bank safe deposit box.

Nothing beats physical security offered by the brick & mortar people that have been securely holding stuff for decades.

Stu

I disagree.  All wallets should be encrypted and if LEO is looking at you for possibly dealing, being a terrorist or money laundering, a warrant will remove all that steel rather quickly.

I store my backups as files using TruCrypt on client's servers deep, in an obscure location.
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March 23, 2012, 11:10:38 PM
 #664

seems like a bit much for me right now, but im sure in time ill need to. thanks for the info

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March 26, 2012, 05:14:06 PM
 #665

as a security conscious person, this is a great post. however, I'm certainly not investing my whole savings into bitcoin so a standard truecrypt vault is good enough for me. Smiley

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March 27, 2012, 12:53:23 PM
 #666

I'm not sure if it's already been mentioned in these 33 pages of posts (sorry I was lazy and didn't read it through) but wouldn't the most secure wallet on creation be the one that's put on a USB stick (encrypted or not) then shoved in a bank safe deposit box.

Nothing beats physical security offered by the brick & mortar people that have been securely holding stuff for decades.

Stu

It's a lot harder to break AES than it is to break into a bank vault.

Like I said "encrypted or not". Just because there's AES encryption on something doesn't make it secure though. Think about it, if someone holds a gun to your head and tells you to disclose your AES password to unlock your wallet, would you die protecting it?

If it's in a bank vault presumably that person would either need more leverage (like kidnapping a family member) and serious balls to keep you motivated since you're going into the bank alone.

Of course, there's lots of if's, buts and maybe's around all the scenarios but I was mainly trying to point out that physical security is one of the most important elements of security. Encryption is very helpful (and is another element of an overall security approach) but not the be-all and end-all of making a '100% secure wallet'.

Just my 2c,

Stu

I haven't read through all the posts either, but couldn't you use a TrueCrypt encrypted image with both an outer volume and a hidden inner volume? The outer volume would have a small "disposable" wallet(s), while the inner volume would have your super-secret horde of thousands of BTCs. If somebody threatens you, you provide them with the passphrase for the Outer Volume where they can steal your "disposable" wallet.

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March 27, 2012, 03:43:26 PM
 #667

hey i just read about this critfix for my wallet

how i install it?(without losing coins or the blockchaim)

thanx for help

greetings lando

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LoWang
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March 27, 2012, 07:08:10 PM
 #668

hey i just read about this critfix for my wallet

how i install it?(without losing coins or the blockchaim)

thanx for help

greetings lando

which critfix? What about providing a link for  ignorants like me?Wink
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March 27, 2012, 09:23:10 PM
 #669

hey i just read about this critfix for my wallet

how i install it?(without losing coins or the blockchaim)

thanx for help

greetings lando

which critfix? What about providing a link for  ignorants like me?Wink
There is a link next to "News" at the top of this page.  It cycles randomly between a couple different items.

https://bitcointalk.org/index.php?topic=69120.0

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March 28, 2012, 01:15:47 AM
 #670

Very nice post man, thanks!
Dabs
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March 30, 2012, 06:56:53 AM
 #671

1. Use bitaddress or vanitygen to make a bunch of bitcoin addresses. Offline.
2. Put the addresses into a file (text file, spreadsheet, whatever)
3. Make another separate file that only has the public keys (the addresses.)
4. Compress your file (.txt or .doc or .xls, whatever) using RAR with recovery record. Use impossible password like one of the keys.
5. Put that compressed file into a TrueCrypt volume.
6. Archive the TrueCrypt volume using the compression program with recovery record, just in case the files ever get corrupted or damaged.
7. Put the last file into a USB flash drive, an SD card, and burn several copies on CD / DVD.
8. Put everything into a waterproof and airtight box (or as reasonably waterproof as you can, such as plastic food containers.
9. Put plastic box inside a metal box or safe. Use a giant padlock or combination lock or buy a vault like the one in the Fast and Furious 5 movie.
10. Bury safe in a property you own (or not own, ask weed growers, they do this all the time.)
11. Don't forget where it is, get GPS coordinates or location.
12. You can start sending bitcoins to those addresses which are offline. I suggest sending between 1 BTC to 99 BTC to each address over time.

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March 31, 2012, 01:07:32 PM
 #672

Thanks for the informative post. These precautions will save your butt in the long term.
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April 02, 2012, 09:57:15 PM
 #673

Great advice and i'm thankful as I am new to all of this Cheesy  Learning quickly though.
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April 03, 2012, 01:39:43 PM
 #674

Thanks for info
sylkyx
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April 05, 2012, 04:21:50 PM
 #675

Thank you for this Smiley

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April 08, 2012, 11:44:25 PM
 #676

Thanks for the info
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April 09, 2012, 12:30:40 AM
 #677

Very good information. I probably won't need to do all that as I don't like to have a big amount of BTC in my wallet. I usually earn some BTC then spend it once I get a decent amount. But this seems like a good guide for those who do insane or big BTC trades.
Tomko
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April 11, 2012, 10:34:23 PM
 #678

I have found various other sources that touch on this topic.
Here are a few to get you in the right direction....

Securing your wallet wiki:
https://en.bitcoin.it/wiki/Securing_your_wallet#Linux_2

Using symbolic links:
http://www.slideshare.net/jonmatonis/securing-your-bitcoin-wallet-in-ubuntu
SnowFury
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April 12, 2012, 08:42:45 AM
 #679

Thanks for helping me create a secure wallet
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April 15, 2012, 12:19:21 AM
 #680

thanks for the info.

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