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Author Topic: HOWTO: create a 100% secure wallet  (Read 249623 times)
PTseller
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June 04, 2012, 04:32:42 AM
 #761


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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.


thank you again i got it finally Smiley when i have good amount of coins in my wallet will use one of good security method Smiley my both question is clear now only now i wanted to know how i make deal like we do in paypal if buyer want to buy anything i usually deal in Dollar and Euro but how i calculate how much bitcoin = $  or Euro  and what is the main difference between them !! any guide or your reply will help me alot thanks once again !
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malaimult
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June 04, 2012, 04:44:15 AM
 #762

btc has official currency. you can check it on mtgox.com. right now it's around 5.2 but depends on how low you are willing to buy or sell. or how high.
1 btc = $5.2 

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June 04, 2012, 09:45:17 AM
 #763

I think as long as people have virtual or perceived value currency or in fact a notion that they can own anything, there will not be a 100% secure way to safeguard those "possesions" Smiley

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June 04, 2012, 10:29:29 AM
 #764

I like Armory but it's kind of slow moving between buttons.
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June 04, 2012, 04:41:55 PM
 #765

thanks jessys. We appreciate your flock watching...

In truth not a bad idea though. Cool

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June 05, 2012, 02:28:33 PM
 #766

btc has official currency. you can check it on mtgox.com. right now it's around 5.2 but depends on how low you are willing to buy or sell. or how high.
1 btc = $5.2 

thanks finally i got to know what is bitcoin Tongue thanks for the help
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June 06, 2012, 07:18:29 AM
 #767

My method for some time now has been to generate a wallet using a hash of a string on bitaddress.org, send bitcoins to the address, and then sit on them until I am ready to spend. Then I import the private key into an ewallet and spend immediately. That way, I am totally offline without counterparty risk until the ~ two minutes my private key is exposed to anybody. Also, are there any ewallets that allow private key import on iOS's safari?
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June 06, 2012, 08:59:51 AM
 #768

My method for some time now has been to generate a wallet using a hash of a string on bitaddress.org, send bitcoins to the address, and then sit on them
How do you mean 'sit on them', how/where do you store the private key for the money on that address?

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
Riddleman
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June 06, 2012, 02:42:38 PM
 #769

A wallet can never be 100% secure (: But still yes, I agree this makes your wallet a whole lot safer.
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June 06, 2012, 04:09:22 PM
 #770

My method for some time now has been to generate a wallet using a hash of a string on bitaddress.org, send bitcoins to the address, and then sit on them
How do you mean 'sit on them', how/where do you store the private key for the money on that address?

In my head. It is a "brainwallet," a.k.a. the private key is generated from a string of letters or numbers I come up with, such as "I love my dog and my cat also" or "il0vemyd0gandmycata150". anything works. I do it by going to bitaddress (I have it saved as am html file on my computer in case something happens to the website), and I click on "wallet details." When it asks for your private key, I just type in some words that I know I can remember. It then asks if I want to generate a private key from the phrase, and I say yes. Then it gives me the public and private key that is generated from the seed.
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June 06, 2012, 04:14:39 PM
 #771

sounds good bob  Roll Eyes

Kazimir
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June 06, 2012, 05:21:30 PM
 #772

I do it by going to bitaddress (I have it saved as am html file on my computer in case something happens to the website), and I click on "wallet details." When it asks for your private key, I just type in some words that I know I can remember. It then asks if I want to generate a private key from the phrase, and I say yes. Then it gives me the public and private key that is generated from the seed.
Ah, all right! Wasn't aware that bitaddress.org is capable of this. I tried it with some test strings, but apparently they were too short cause it just said "this is not a valid private key" (thus I assumed it only took existing private keys). With sufficiently long strings however (at least 12 characters apparently), it does accept them as passphrases. Nice!

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
BankTransfer
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June 08, 2012, 04:30:52 AM
 #773

Thanks for the useful information!
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June 08, 2012, 05:51:19 PM
 #774

A linux distro that has everything you need probably can't come quick enough.

The distributor of that distro needs to enjoy enormous trust.

I trust a vanilla ubuntu live cd a ton lot more to contain no wallet stealer than a special "for your secure bitcoin savings" distro.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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June 08, 2012, 06:05:29 PM
 #775

A linux distro that has everything you need probably can't come quick enough.

The distributor of that distro needs to enjoy enormous trust.

I trust a vanilla ubuntu live cd a ton lot more to contain no wallet stealer than a special "for your secure bitcoin savings" distro.



I am quite fond of TAILS but of course a Live CD can't store data like your wallet and private GPG key - it is possible though to use the built in disk utility to encrypt a USB stick which can contain such information.

V.
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June 08, 2012, 11:37:45 PM
 #776

is it possible to create a boot usb stick and move the wallet to it?
malaimult
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June 08, 2012, 11:42:06 PM
 #777

sure, even an external hdd. flashes can be lost but external hdd's are more secure

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June 08, 2012, 11:43:45 PM
 #778

sure, even an external hdd. flashes can be lost but external hdd's are more secure
is it just a matter of reinstalling on the usb stick and adding my info? or do i have to transfer something.
finkleshnorts
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June 08, 2012, 11:45:08 PM
 #779

sounds good bob  Roll Eyes

seriously, who the fuck is this guy?
malaimult
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June 08, 2012, 11:51:31 PM
 #780

no idea bob  Huh

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