HOWTO: create a 100% secure wallet

[Yvonne-Freeman]

There was some very helpful information in this thread. Thank you very much!

[1715118306]

1715118306

[shaon004]

ijust secured my lr because i did lr to btc exchange and someone hacked my lr with all the funds smh

[Jkljkl]

Very usefull information. Thank You

[Atoli]

Best way you be to just memorise if you can

[simonsez]

thx for the info

[klv2001]

Thanks for this I was a little nervous that my bitcoin wallet was not secure enough but you helped me. Thanks again.

[nobbynobbynoob]

would you trust an online wallet with considerable amount of bitcoins?

No, although I think blockchain.info is reasonably secure.

To store a "considerable" (definition subjective) amount of bitcoin, a cold wallet as described in this thread is by far the best solution. Your hot wallet "probably" won't get hacked, just like the pile of cash or gold you store in your protected-only-by-padlock garage or shed "probably" won't be stolen.

[GPK260]

Thanks,
 Great read

[Fullsurface]

Good info on this topic

[Roujo]

would you trust an online wallet with considerable amount of bitcoins?

No, although I think blockchain.info is reasonably secure.

To store a "considerable" (definition subjective) amount of bitcoin, a cold wallet as described in this thread is by far the best solution. Your hot wallet "probably" won't get hacked, just like the pile of cash or gold you store in your protected-only-by-padlock garage or shed "probably" won't be stolen.

Spot on. You're only secure if breaking your lock takes more effort that the perceived value behind it. If nobody know you've got gold in that shed, it's (mostly) as secure as if it was in a bank vault.

If everyone knows... It's another story. =P

[Lisenok]

nice read) thanks

[dazultra]

my grandma understood this well.

[yiidev]

nice read - thanks

[Bugs123]

interesting

[bea]

great stuff, thank you

[christop]

Great stuff.. The only thing that kind of suck's about the wallet is the amount of time it takes to get 100% synced up.. I wanna say the transaction sync file is like 5gb. I've read that you can download from piratesbay a complete torrent file of the sync. That would cut you time way down..

You don't have to sync the blockchain before a wallet goes into cold storage. The wallet and blockchain are completely separate.

If you meant when you're spending money from a wallet, then yes, you do need to have a synchronized blockchain, but if you already have a synchronized blockchain database, you can use that with your cold wallet when you're ready to spend from it.

[BuildTheFuture]

Appreciate this info, thanks.

[elizserussell]

thanks for the infomation.

[IggySe7ven]

Thanks for this.

[nakkemake]

My wallet is secure now