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Author Topic: HOWTO: create a 100% secure wallet  (Read 275105 times)
maudi
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July 03, 2012, 03:27:18 PM
 #821

thanks for the explanation, it is very useful!!
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balalazz
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July 04, 2012, 06:15:43 AM
 #822

Is this safer than using the web based "wallets"?
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July 04, 2012, 12:26:01 PM
 #823

Is this safer than using the web based "wallets"?


try to avoid web based wallets

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July 04, 2012, 01:11:25 PM
 #824

Could you get a brand new netbook and just stick that in a bank vault with bitcoin wallet on it ?

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July 05, 2012, 01:03:12 PM
 #825

Could you get a brand new netbook and just stick that in a bank vault with bitcoin wallet on it ?
No need for the bank vault. If you have a brand new netbook, not connected to the internet, and you have a wallet on there with new addresses that you send your money to, you can simply encrypt the wallet (put it on a small TrueCrypt container if you want), copy it using a USB stick, and store it anywhere online. Much easier and safer than a bank vault.

In theory, there's no difference between theory and practice. In practice, there is.
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July 05, 2012, 03:59:25 PM
 #826

there is few linux distros, where Bitcoin wallet working OK, I tried Backtrack 5 ubuntu based, and it was working Ok for sometimes, but then suddenly I got error message related to memorry alocation mistake and as result I was unable to receive any incoming messages from bitcoins network and as result was not able to receive incoming transactions. I  tested few other Linuxes and only Pirate Linux also ubuntu based was working good with wallet.

my final conclusion is that unfortunately better stay with windows, but you can run windows on linux virtual machine with only purpose to run wallet on it.

interesting to note that wallet.dat file can be transfered from linux OS to Windows and windows wallet will work with it just fine.

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July 06, 2012, 10:27:57 AM
 #827

Fresh linux desktop install under vmware VM. Keep bitcoin client there and nothing else.
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July 07, 2012, 03:56:19 AM
 #828

This thread is very helpful.  Also I am willing to securely store peoples bitcoins for a small fee so they don't have to worry about wallet security.
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July 09, 2012, 12:48:19 PM
 #829

This thread is very helpful.  Also I am willing to securely store peoples bitcoins for a small fee so they don't have to worry about wallet security.


+1, this thread is very helpful and reminds me the value of security once again.

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cozie
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July 09, 2012, 04:00:16 PM
 #830

thanks for the info!  Wink
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July 09, 2012, 09:43:10 PM
 #831

thanks
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July 09, 2012, 11:37:32 PM
 #832

What it sounds like is can make this wallet file; save it on an SD card. Lock it up in my closet.  Then deposit coins to the address associated with the wallet.dat file with out having to take it out of its 'spot' UNLESS i want to pull coins out of my savings?  If so this is awesome! I'm looking forward to setting this up.  Thanks for the post!

MassMaster

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July 10, 2012, 06:08:32 AM
 #833

Thanks for this. It seems like a good idea. I'm wondering something though. Currently I just have my wallet on my computer. Lets say someone has access to my computer, can they just copy it to an USB stick, and open it at home to do transactions with it?

I'm still trying to figure out how it works, and I haven't done any transactions yet.
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July 10, 2012, 08:11:23 AM
 #834

Thanks for this. It seems like a good idea. I'm wondering something though. Currently I just have my wallet on my computer. Lets say someone has access to my computer, can they just copy it to an USB stick, and open it at home to do transactions with it?

I'm still trying to figure out how it works, and I haven't done any transactions yet.
It depends if you've encrypted the wallet or not. I would recommend you to use the encryption function that is present in the bitcoin client, and also back up the wallet.dat files after encrypting with a strong password to a pendrive.
If someone takes hold of your unencrypted wallet, they can do transactions with it, much like anyone losing their real wallet.

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July 10, 2012, 08:17:58 AM
 #835

It depends if you've encrypted the wallet or not. I would recommend you to use the encryption function that is present in the bitcoin client, and also back up the wallet.dat files after encrypting with a strong password to a pendrive.
If someone takes hold of your unencrypted wallet, they can do transactions with it, much like anyone losing their real wallet.

Thanks, I was going to ask this questions and I saw your answer Cheesy
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July 11, 2012, 11:59:53 AM
 #836

Really sorry to put a downer on the conversation, But seeing as lately there is a problem with residual currents in many brands of RAM, isn't it feasible that by removing the RAm from the PC in use and then accessing it via another medium, theft is still possible?

I've heard of this kind of attack before, Obviously there is a limit on how long the memory can be left after shutdown, but it would make sense to power cycle the PC in question before leaving...

note: This probably isn't something for the average user to worry about, seeing as the thief would mostlikely have to be a friend or family member unless they plan to break into the house immediately after the PC is used. That would beg the question, Why bother? It's just a pointer for people with masses upon masses of coins.
John (John K.)
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July 11, 2012, 01:49:30 PM
 #837

This thread is very helpful.  Also I am willing to securely store peoples bitcoins for a small fee so they don't have to worry about wallet security.


I lol'ed.

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bitcoinville
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July 11, 2012, 07:46:56 PM
 #838

very helpful thanx
bitster
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July 12, 2012, 05:50:54 PM
 #839

informative thanks.
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July 13, 2012, 01:36:21 AM
 #840

thanks for this information
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