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Author Topic: Bitcoin-qt a safe wallet?  (Read 593 times)
zeuzzz (OP)
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April 27, 2013, 06:35:26 PM
 #1

Bit confused about wallets etc and how they work. Having got a few bitcoins in a couple of sites wallets is it best to leave them with the websites? Or can I xfer them to the application I've now downloaded to secure them to a higher amount?

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April 27, 2013, 06:36:50 PM
 #2

Bitcoin-Qt is good but it is only as secure as the computer and OS it is running on.

For truly safe storage of any sizable bitcoin amount (that being a matter of opinion of course), offline/paper wallets are the way to go.

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zeuzzz (OP)
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April 27, 2013, 06:39:51 PM
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So your saying write/type>print out each wallets address?

How can this then be used subsequently?

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April 27, 2013, 06:40:32 PM
 #4

you can put a password on your wallet using bitcoin-qt. I would prefer myself to be in control rather than a website.
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April 27, 2013, 06:43:34 PM
 #5

Im using 'little snitch' at the mo which is a MUST have in terms of monitoring every port connection made from every website to your computer and giving you a choice to block or accept. Security wise its the best there is, even if a lil confusing at first.

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zeuzzz (OP)
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April 27, 2013, 06:46:20 PM
 #6

Just this from bitcoin-qt

"Bitcoin-Qt
wants to connect to dnsseed.bluematt.me on port 8333"

accept or deny? DNS seems to be a fairly standard connection to accept ...

Also

Bitcoin-Qt
wants to connect to bitseed.xf2.org on port 8333

Bitcoin-Qt
wants to connect to 109.xxx.xxx.220 on port 8333

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April 27, 2013, 06:47:28 PM
 #7

So your saying write/type>print out each wallets address?

How can this then be used subsequently?

There are different ways to achieve this. The most effective is to have a separate computer (an old laptop will do the trick) that never touches the Internet again. Download the bitaddress.org site to a disk/USB stick and run that on the offline system. Generate as many key pairs as you need, and then some if you wish. Store these safely, either on paper or in a text file stored in a TrueCrypt, say. If your online computer is powerful with lots of RAM then Armory is a good solution too, I hear. (I've never used that program but do support their work, and even donated them BTC0,01 once, just for the sake of it.) Armory online has to run on top of an existing Bitcoin-Qt installation.

If you have a private key printed on a paper wallet, you can easily enough import it into regular wallets. Blockchain.info and Mt Gox have import/sweep private key options; in Bitcoin-Qt you need to go into the Debug window, unlock your wallet using the command walletpassphrase <passphrase> <time in seconds to keep wallet unlocked> followed by importprivkey <WIF private key>.

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zeuzzz (OP)
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April 27, 2013, 06:52:05 PM
 #8

Thanks, that will no doubt provide amazingly useful.

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April 27, 2013, 06:55:39 PM
 #9

Screw me little snitch is picking up a connection attempt to xxx.xx.xxx.xx every few seconds since I started it. I presume this is to be expected? I have the logs. Also no worries as its an empty wallet  Grin

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