Bitcoin Forum
May 13, 2024, 12:01:49 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is it safe to store all my bitcoin in my core wallet?  (Read 707 times)
calkob (OP)
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 520


View Profile
April 13, 2017, 08:24:54 PM
 #1

Thinking of storing all my bitcoin in my core wallet,  what threats should i be aware of, i have scanned my pc with Malwarebytes and Avasat and they have found zero threats. Is  this a safe thing to do ?

many thanks
1715601709
Hero Member
*
Offline Offline

Posts: 1715601709

View Profile Personal Message (Offline)

Ignore
1715601709
Reply with quote  #2

1715601709
Report to moderator
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715601709
Hero Member
*
Offline Offline

Posts: 1715601709

View Profile Personal Message (Offline)

Ignore
1715601709
Reply with quote  #2

1715601709
Report to moderator
1715601709
Hero Member
*
Offline Offline

Posts: 1715601709

View Profile Personal Message (Offline)

Ignore
1715601709
Reply with quote  #2

1715601709
Report to moderator
1715601709
Hero Member
*
Offline Offline

Posts: 1715601709

View Profile Personal Message (Offline)

Ignore
1715601709
Reply with quote  #2

1715601709
Report to moderator
DannyHamilton
Legendary
*
Offline Offline

Activity: 3388
Merit: 4653



View Profile
April 13, 2017, 09:04:32 PM
 #2

Have you created multiple secure backups?

Will anyone else ever have physical access to your PC while not under your direct supervision?

Is there any chance that you will install software that includes hidden malware too new for Malwarebytes and Avasat to identify it?

Is there any chance that you will connect hardware that has malicious firmware?

If your answers are:
Yes, No, No, No, then it is probably a safe thing to do.
cr1776
Legendary
*
Offline Offline

Activity: 4032
Merit: 1301


View Profile
April 13, 2017, 10:12:10 PM
 #3

To add to what Danny says, what is your use case also? Are you spending from it often?

Do you have 0.1 BTC? 10?, 100?, 500? Etc. (I wouldn't recommend answering publicly).  if you are storing a lot and rarely spending a different storage might be advisable.

U2
Hero Member
*****
Offline Offline

Activity: 676
Merit: 503


I used to be indecisive, but now I'm not sure...


View Profile
April 14, 2017, 03:24:33 AM
 #4

Only store what you need to spend on a hot wallet like this and otherwise just keep everything on cold storage. That's the safest and smartest thing you can do since no one can really say 100% answers to DannyHamilton's questions.
calkob (OP)
Hero Member
*****
Offline Offline

Activity: 1092
Merit: 520


View Profile
April 14, 2017, 11:41:25 AM
 #5

Thanks for the replies guys, They have been really helpful  Wink
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!