HOWTO: create a 100% secure wallet

[BitCoinUser123]

This is a great thread.  I was already using encryption and generally being really careful (I thought) despite my nearly non-existent level of coins.  But reading this has opened my eyes to a few security threats I hadn't really considered, and given me a better insight into both why and how "cold storage" is such a good idea.

Thank you, OP.

[aikklond]

Very Good!

[teresabelek]

you can't
you must keep a backup or something.

[bittommie]

Tanks for the information!

[schmokel]

Bravo, much appreciated!

[mugdesign]

nice reed and funny to boot. 

Just a question. sorry i am very new in theese thinks. my onyl worry the nowdays we can hear about lot of hackers, what if somebody break into my system and just still my wallet number? can this happen? what can you do to avoid this?

[dieguito]

nice reed and funny to boot. 

Just a question. sorry i am very new in theese thinks. my onyl worry the nowdays we can hear about lot of hackers, what if somebody break into my system and just still my wallet number? can this happen? what can you do to avoid this?

Well that is the point of this thread. I somebody gets a copy of your unencrypted wallet.dat they can copy it somewhere else and have access to your funds for ever . Only way to avoid that is creating the wallet on a clean installed system without a persistent file system (ie: Live CD) and copying the wallet.dat to a memory stick or pendrive that would never be use in your day to day computer.

As the objective of this is creating a savings account what you do is take note of the addresses created in the clean system and send your bitcoins to those address from your regular computer. When you want to take money from your savings account you load a clean system again (Live CD once again), load your backed up wallet.dat, send your money to wherever you want and shutdown the system without leaving a trace.

Hope this helps.

Hugs,
D

[erono]

i thank you for information provided.

[madsurgeon]

Thanks for this discussion. Good to know!

[d@vid]

very helpful, thank you!

[51ay3r]

Very helpful, thanks!

[BitshireHashaway]

Great advice, this is something that I plan on doing, though maybe not going as far as will because I will most likely have much much less bitcoins on my wallet, and as a result, it is not as much of a necessity. I however disagree with you where you said a backup is useless, because if your harddrive crashes and you only had one copy of your wallet, then a backup will be useful. It may not make your wallet any more secure, but that does not mean it won't be useful.

[tonny84]

thanks

[heykitty]

thanks for sharing this

[burning7950]

Thank you very much for this helpfull informations!

[bagnz0r]

Nice read. I personally have prepared an USB stick with bootable Debian pre-installed with TrueCrypt and Bitcoin.

[David M.]

very helpful, thank you!

[Shutz]

Thanks for this really detailed Howto!

[airforcc]

thanks for information

[procrypto]

Essential newbie material. Glad this one is still going!