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Author Topic: HOWTO: create a 100% secure wallet  (Read 249695 times)
malaimult
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May 21, 2012, 02:32:24 PM
 #741

there is no trojan to support external installation on hdd flash etc, but if the trojan has remote control your pc could be used as a port something like teamviewer but with hidden install.

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ichigosr5
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May 21, 2012, 08:18:23 PM
 #742

Nice read, very informative.

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May 22, 2012, 04:27:23 PM
 #743

thank you!
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May 24, 2012, 08:04:43 PM
 #744

this is interesting
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May 25, 2012, 05:24:06 AM
 #745

thx
malaimult
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May 25, 2012, 02:14:22 PM
 #746

for all the newbies who want to create a more easy way to access btc also for storing them and also to move btc around you can try this solution as follow

1. on your personal pc download Oracle VM virtual box. Follow the steps to install a virtual os on an external HDD or internal HDD.
 internal HDD must be different from your current os location. eg if your current os its installed on C: try to install the virtual OS on D:

2. after the virtual os loads download satoshi btc client, wait for it so syn with the network
-create 20 30 40 incoming btc address
-encrypt your wallet
-backup your wallet

3. after that create a new email address, upload the wallet on your email AND also store it on an external flash drive

4. if you want a more paranoia way to store your btc download Armory btc client, the 32 its currently working only offline and its very good to store your btc but if you operation system has 64 you can download the 64 version and use it instead of satoshi btc client. i recommend using both.

so even if you get a malware on your pc you can format your current OS (c;) and still have the virtual os intact

i also recommend if you access websites etc you should access them ONLY from your current OS not from your virtual os for preventing malware infection.

5. when you need to send someone btc copy the btc address on notepad-save it and after that upload it on a flash drive. go to virtual pc and enable the flash drive option and you will have that notepad on your virtual os.

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May 29, 2012, 11:29:40 PM
 #747

Many thanks, great tutorial.

I'm new to the forum, also to bitcoin and not very techie either, so I would prefer avoiding the bitcoin client and the necessity of encrypting my wallet myself.

I want to create a secure savings account and after reading this article and several others I have come to this method:

1) Create an Ubuntu LiveCD and boot from that.
2) Register for a My Wallet account and follow these instructions for creating a paper wallet in offline mode: blockchain.info/wallet/paper-tutorial
3) Remove private keys before reconnecting to the internet and saving the new address to My Wallet.

I know positive that a neighbour uses my wifi as I see the computer appear on my shared connections in OSX. Even though I change the password he reappears once I connect my printer to the wifi.

Could somebody please confirm that this method is secure. Do you see any flaws?

Should I stop the wifi and use ethernet cable during the process? Would all issues of malware be taken care of with the LiveCD? What about the printer? I need it to print the paper wallet.

Thanks a lot for helping!
malaimult
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May 30, 2012, 07:45:20 AM
 #748

accessing your sharing wifi internet will not compromise your wallet or your livecd so you can use it with confidence against malware infection. your printer its just secure as your wallet no harm there.
the idea of paper wallet its very secure but if you plan to buy and sell btc daily or even weekly will be a little complicated then using an online btc client or ewallet. give it a go either way 

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May 30, 2012, 01:27:49 PM
 #749

hello i just following these steps - > http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/

can anyone tell me is it safe ? or i have to try anyother method sorry for my bad english its my native language

i have downloaded these files

ubuntu-12.04-desktop-i386
Universal-USB-Installer-1.8.9.8

any help would be good
malaimult
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May 30, 2012, 03:28:35 PM
 #750

yes the procedure offers you a secure environment for storing btc. but i don't know why you complicate with linux and flash drives if a simple wallet with encryption and an offline btc client will do the job.

there are many secure way on how to store your wallet and btc you just need to find the right one for you.

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May 30, 2012, 06:57:45 PM
 #751

Interesting, if I had a decent amount of bitcoins I would do this Wink

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Kazimir
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May 30, 2012, 09:27:26 PM
 #752

but i don't know why you complicate with linux and flash drives if a simple wallet with encryption and an offline btc client will do the job.

Quote
there are many secure way on how to store your wallet and btc you just need to find the right one for you.
If your machine gets infected with malware, your bitcoins might still get stolen. Even with encrypted wallets (at some point you'll have to enter the password, and any malware with a keylogger will sniff it).

The chance of getting infected is much, much larger on your everyday Mac or Windows system, than on a separate, dedicated (i.e. for Bitcoin-usage only) Linux system.

The stuff with flash drives is mostly for backup (in case your hdd crashes, your PC gets stolen, your house burns down or whatever). This issue can be resolved in other ways too, e.g. automated backups to remote locations, or even something simple like Dropbox.

In theory, there's no difference between theory and practice. In practice, there is.
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malaimult
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May 31, 2012, 08:20:46 AM
 #753

well if you have an offline wallet i don't think that your offline wallet will be infected since it's offline  Roll Eyes that's the point. You got that right regarding the keyloger form etc but i tested every malware on the market so far and with a current virtual os your wallet will be safe there unless you infect the virtual os too.

regarding backups of the wallet i'm still keen on have it put somewhere on a new email address just for that since most of flash and also external memories can be lost or even get errors

Kazimir
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May 31, 2012, 12:10:42 PM
 #754

regarding backups of the wallet i'm still keen on have it put somewhere on a new email address just for that since most of flash and also external memories can be lost or even get errors
Exactly. People still seem to have difficulty to grasp the idea behind proper backups.

It's really so easy, especially since we're only dealing with small amounts of data here (a typical wallet is only a few MB).

Encrypt your wallet (either with your Bitcoin client if it supports encryption, or with free solutions like 7-Zip or TrueCrypt) and email it to several accounts on different email providers (e.g. gmail, yahoo, and hotmail) and/or put it in a Dropbox folder. As long as you remember your encryption password, this way your wallet will be absolutely 100% safe.

And keeping your wallet SAFE consists of two different, yet equally important aspects:
  • not losing your data (thus losing your bitcoins)
  • making sure nobody else can access your data (so they can steal your bitcoins)

In theory, there's no difference between theory and practice. In practice, there is.
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malaimult
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May 31, 2012, 06:43:23 PM
 #755

 Wink yep

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June 01, 2012, 09:01:05 AM
 #756

yes the procedure offers you a secure environment for storing btc. but i don't know why you complicate with linux and flash drives if a simple wallet with encryption and an offline btc client will do the job.

there are many secure way on how to store your wallet and btc you just need to find the right one for you.

ok please tell me the best way and easy way to safe my wallet and also can you please tell me where should i make bitcoin account when i search on google many links appear and i found many scammed so just wanted to know right and secure step thanks Smiley sorry for bad english
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June 01, 2012, 11:10:25 AM
 #757

Nice info

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Kazimir
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June 01, 2012, 11:47:34 AM
 #758

ok please tell me the best way and easy way to safe my wallet
See numerous posts above.

Quote
and also can you please tell me where should i make bitcoin account when i search on google many links appear and i found many scammed so just wanted to know right and secure step thanks Smiley sorry for bad english
There is no 'bitcoin account' whatsoever. Just install one of the common clients (I personally prefer MultiBit, but most people stick with Bitcoin-Qt which is kinda 'the standard', based on Satoshi's original software) and there you go. You won't have to register anywhere to use bitcoins.

Well, some websites offer online bitcoin wallets, and obviously you'd have to register there to use them, but I wouldn't easily trust large amounts of money with some random site. Especially if it ain't necessary. The less people, companies or websites you have to trust, the better.

If you want to buy bitcoins with €uros or dollar$, register with an exchange. I personally prefer intersango.com, great service, fast, trustworthy, easy, and no need to register all sorts of personal details (in fact all you need is just a random email address).


In theory, there's no difference between theory and practice. In practice, there is.
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June 02, 2012, 10:59:43 AM
 #759


Quote
There is no 'bitcoin account' whatsoever. Just install one of the common clients (I personally prefer MultiBit, but most people stick with Bitcoin-Qt which is kinda 'the standard', based on Satoshi's original software) and there you go. You won't have to register anywhere to use bitcoins.

thank you for awesome post only need to ask i have downloaded the MultiBit but still don't know how create my account Sad where i have to register ? so i can get my PIN to give buyer for transaction !!

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June 03, 2012, 11:32:28 PM
 #760

but still don't know how create my account Sad where i have to register ? so i can get my PIN to give buyer for transaction !!

Again:

There is no 'bitcoin account' whatsoever.
(...)
You won't have to register anywhere to use bitcoins.

You can just randomly generate an address, or use the initial one that gets generated by default, and use that to receive bitcoins immediately. As long as you have the private key for it (well, your Bitcoin client takes care of that, storing your private key in your wallet file) you can spend any bitcoins that get paid to that address.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
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