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Author Topic: Safest way to keep bitcoins?  (Read 18351 times)
Peashooter
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June 17, 2017, 02:21:11 PM
 #81

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

In fact, there are many way to keep your bitcoin safe. Furthermore,some people use the online wallet to keep it secure because it has a private key that you only one who know it. However,there are still people use the cold storage also called hardware wallet and it is offline wallet that you need to install in your computer.
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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June 17, 2017, 02:57:56 PM
 #82

In my own way and in mty knowledge I tend to use some bitcoin wallet and some of it were a scam.But I use wallet for safetey,my wallet is BTC wallet in which you can withraw your btc and some are using other wallet.But it is safe and saftest way to keep BTC
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June 17, 2017, 03:08:16 PM
 #83

The safest way to keep bitcoin is in your computer itself encrypted with a password and keeping it in a secure offline computer except when conducting transactions, The risk of having been tricked by a wallet and it going down is higher, we already seen about 5-6 wallets doing that from a long while.
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June 17, 2017, 03:09:55 PM
 #84

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

If you are using web wallet, make your password hard and also have more security like 2FA. If you are using cold wallet, don't download and click on something suspicious because it might contain a virus and also always clean your pc to prevent virus or something bad that can hack your wallet.

Exactly web wallet is the good way to keep your bitcoin safe but you must be careful on choosing the trusted wallet. Cold wallet is risky if you are not careful on the things that you have click and open. Because its east to hack your wallet and you cant get it back so its better to used web wallet than cold wallet.

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June 17, 2017, 03:31:54 PM
 #85

In case of a chain split in Bitcoin, make sure that you have your private keys.
We should store our bitcoin in a hardwallet, exodus, jaxx, or those open source wallets that gives us control over our own private keys before August 1, 2017.

If we don't control our private keys during a chain split there are three main things that will happen:
*Our bitcoin balance will stay the same and we will be able to use our bitcoin as usual.

*If our wallet provider chose the wrong chain, then our bitcoin balance will become zero.

*Our wallet provider might give us a chance to keep our bitcoin balance on both chains or choose one of them.

But if we have control over our own private keys then we will have same balance on both chains, effectively increasing our total bitcoin balance. However, there is a big chance that bitcoin will lose its value.


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June 17, 2017, 03:36:26 PM
 #86

I think the best way or safes way to keep our bitcoins is to just buy hardware wallet like trezor which is already supported BIP148 and just deposit your bitcoins there and hold it for long term and there is nothing to be worried about because they got reputation and also security features that is not easily to bypassed and a lot of big companies are trusting trezor already since then.
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June 18, 2017, 10:29:55 PM
 #87

safest way to keep bitcoins is using the coin base wallet with a highly protected password and some security step.

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June 18, 2017, 10:46:44 PM
 #88

Regarding a hardware wallet like the Trezor, isn't there a risk when plugging it into your computer via USB? If your computer has a virus, keylogger or some other type of vulnerability you're not aware of isn't using something like a hardware wallet a moot point? Your keys are only safe while they're offline. As soon as you plug into an infected computer your hardware wallet loses all of its security benefits no?
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June 18, 2017, 10:58:17 PM
 #89

The safest way to store bitcoin is somewhere where its presence is unknown to many people or personal wallets,The wallet must have special security by using a secret password that is not easily known even only us who know the password and only we can open the wallet.
And the bitcoin wallet is a cool storage so as not to be easily disturbed or in use
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June 18, 2017, 11:25:13 PM
 #90

Regarding a hardware wallet like the Trezor, isn't there a risk when plugging it into your computer via USB? If your computer has a virus, keylogger or some other type of vulnerability you're not aware of isn't using something like a hardware wallet a moot point? Your keys are only safe while they're offline. As soon as you plug into an infected computer your hardware wallet loses all of its security benefits no?
Much better to read more here to know that bitcoin hardware wallet are immune in any viruses keyloggers or any vulnerability that affects your bitcoin wallet..  https://en.bitcoin.it/wiki/Hardware_wallet
One of the best choice is trezor that has pin to prevent keylogging.
We have many different wallet that actually our bitcoin are safe from any viruses.. so its still worth it..
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June 18, 2017, 11:36:42 PM
 #91

only a properly created cold storage or a trusted hardware wallet.
you can search for some hardware wallets if you are not tech savvy or don't want to bother learning how tos and if you are willing to pay. things such as Trezor or Ledger nano would work.

or you can learn more about cold storage and do it yourself easily. like creating a paper wallet with tools such as https://github.com/pointbiz/bitaddress.org or make a Trezor like cold storage on your USB disk yourself

https://en.bitcoin.it/wiki/Cold_storage
Did you heard the story of a burn building in London? Cause of the fire a guy lost 1000+ BTC which were in his paper wallet. So I would not call a paper wallet as 100% protected after such case. Yes, the possibility that it will happen to you is a little, but... 
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June 18, 2017, 11:53:00 PM
 #92

only a properly created cold storage or a trusted hardware wallet.
you can search for some hardware wallets if you are not tech savvy or don't want to bother learning how tos and if you are willing to pay. things such as Trezor or Ledger nano would work.

or you can learn more about cold storage and do it yourself easily. like creating a paper wallet with tools such as https://github.com/pointbiz/bitaddress.org or make a Trezor like cold storage on your USB disk yourself

https://en.bitcoin.it/wiki/Cold_storage
Did you heard the story of a burn building in London? Cause of the fire a guy lost 1000+ BTC which were in his paper wallet. So I would not call a paper wallet as 100% protected after such case. Yes, the possibility that it will happen to you is a little, but... 
This like  hardware wallet can be burn but you still the best to be safe if you had also backup of them to save in your archive rar file with password and save only in your google drive no one can get that file publicity except if you share it..
Ledger nano base is not safe in keylogger unlike trezor wallet so if you want to keep your bitcoin safe from keylogger and virus you should choose trezor.
Ledger nano also good but looks like they can prevent the keylogger so better to use ledger nano if you are saving altcoin and bitcoin and if the computer has anti virus or if you are using mac apple os..

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June 19, 2017, 02:26:20 AM
 #93

maybe to keep your bitcoin in safe you need to take one or three wallet address and dont put your coin in one address. .beacause hacker is more way to bypass  your account...

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June 19, 2017, 08:29:58 PM
 #94

maybe to keep your bitcoin in safe you need to take one or three wallet address and dont put your coin in one address. .beacause hacker is more way to bypass  your account...

That is still not safe because you stand a chance of forgetting your password, what will be safe is to get a wallet where you can use your private keys like electrum or even the Bitcoin core wallets and have your private keys printed on a sheet and save another copy on a flash drive and have them deposited in two different banks.
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June 19, 2017, 10:14:33 PM
 #95

The safest way to save bitcoin is to have my own wallet on my computer is better.
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June 19, 2017, 10:32:32 PM
 #96

If you were to continuously make seperate, independent cold wallets, you could purchase a very cheap old second hand printer which doesn't have internet connectivity, and buy something like a raspberry pi or a dedicated Linux distro to create a paper wallet and print it.

Otherwise, I would use a ledger HW.1. All the others are the same, except flashier.

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June 20, 2017, 03:05:41 AM
 #97

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
Relying on its proven security wallet so much to invite users who use it so that it can provide reliable service and level of security.
With a wallet that has a high level of security so as to provide satisfactory service to its users.
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June 20, 2017, 11:38:15 PM
 #98

maybe to keep your bitcoin in safe you need to take one or three wallet address and dont put your coin in one address. .beacause hacker is more way to bypass  your account...
Keeping your money save it’s a responsibility that people have to take for the sake of their further and its really not difficult now to save your bitcoins as I would like to suggest online wallet since as many people are using from so long. I mean from the start time when bitcoin invented I found it safest than others because I can access it anywhere and anytime as long I have my internet connection. Actually most of people will suggest you to get cold storage since its not hack-able. So and online wallet is also a good option.
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June 20, 2017, 11:51:20 PM
 #99

The bet way i think that you can do in safe storing bitcoins is just using a walley seed or wallet private key and dont store it on the pc instead write it in some paper so you would keep it and if your pc got hacked then he cant get that private key or seed from you
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June 20, 2017, 11:57:17 PM
 #100

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
if you want a safest way on keeping your bitcoin. Try to used hard wallet. But before that choose what is trusted and not. Read first about that wallet before you used it to make sure that it is safe. Also choose the wallet that have a back up pin or any code so that if theres something happen wrong you can recover it easily.



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