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Author Topic: Safest way to keep bitcoins?  (Read 18411 times)
DoublerHunter
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August 06, 2017, 08:00:31 AM
 #221

The safest way for me to keep bitcoins is to buy a hardware wallet like 1-2 hardware wallets so you can diversify your money and you need to back up all those private key or some sort of back up options so you can sleep in every nigh very well because you don't need to worry about your money that are stored in those hardware wallets.
Larva14
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August 06, 2017, 08:13:28 AM
 #222

Cold storage is probably the safest way. I suggest that you use a hardware wallet. You can buy them in the marketplace. Examples of some are Trezor or the Ledger nano. I myself own the Ledger nano. I would definitely recommend it to you. It is perhaps, the safest method... if you are careful when handling it. If you lose the hardware wallet or break it, then... your Bitcoin is most likely lost.

I agree that cold storare one the safest way to keep your safe and secure. Cold storage or hardware wallet is an offline wallet that you need to install to your computer and you can assure that your bitcoin is safe because it has private key that you're the only one who knows it. You can also put your bitcoin in online wallet. Some bitcoin users usually use the hardware wallet.
ASHLIUSZ
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August 06, 2017, 08:18:54 AM
 #223

Based on the usage by the user the safest way of having bitcoin into wallets differ. In my personal opinion most of the time I use bitcoin for gambling. For this ready access is a must and based on the same I prefer online wallets and for long term holding hardware wallet is preferred.
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August 06, 2017, 08:37:21 AM
 #224

IMO best way is to have combo like Trezor + cryptosteel.
Trezor gives you access to your coins and make it hard for hackers to steel it.
And cryptosteel is good for storing recovery seed somewhere this one is fire proof and gives nice protection.

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jualidbitmixer
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August 06, 2017, 08:40:49 AM
 #225

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
The safest way to do is to secure you password fo not use personal info as a password because hacker can easily hack it. Choose a wallet that is good for keeping bitcoins. Also keep personal info if youre using online wallets like blockchain.

Online web wallet like blockchain.info is really good though for stored your bitcoins online. They are veteran on cryptocoin and maybe the best bitcoin web wallet. It's also safe but keep in your mind that don't download and open something suspicious, it might contain a virus that can hack your wallet.
Abimayu
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August 06, 2017, 08:42:00 AM
 #226

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

I have two options if I want to save my bitcoin, not have plan to spend at the moment. I will use Papper Address or Cold Storage (Bitcoin Client or Electrum) or hardware like Trezor.
stomachgrowls
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August 06, 2017, 08:45:33 AM
 #227

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

I have two options if I want to save my bitcoin, not have plan to spend at the moment. I will use Papper Address or Cold Storage (Bitcoin Client or Electrum) or hardware like Trezor.
Those selections are good and its the best way on storing in your Bitcoin specially you do decide to keep it for long term. Hardware wallet like Trezor would be the best choice for me since you can able to keep it physically or in your hands just store up the informations that needed to access that wallet and youre good to go. But thinking off there are still risk on lossing your bitcoin no matter what kind of wallet would you use but on this hardware wallets would somehow do have a good security on your coins.

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mostkey
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August 06, 2017, 08:53:10 AM
 #228

IMO best way is to have combo like Trezor + cryptosteel.
Trezor gives you access to your coins and make it hard for hackers to steel it.
And cryptosteel is good for storing recovery seed somewhere this one is fire proof and gives nice protection.

That way it is not bad, but do you know Trezor + cryptosteel has a weakness too, maybe you do not know much and deep about Trezor + cryptosteel
There should be read on some of the widely scattered web, but for that Trezor + cryptosteel was not bad either
keefryan
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August 06, 2017, 09:48:23 AM
 #229

IMO best way is to have combo like Trezor + cryptosteel.
Trezor gives you access to your coins and make it hard for hackers to steel it.
And cryptosteel is good for storing recovery seed somewhere this one is fire proof and gives nice protection.

That way it is not bad, but do you know Trezor + cryptosteel has a weakness too, maybe you do not know much and deep about Trezor + cryptosteel
There should be read on some of the widely scattered web, but for that Trezor + cryptosteel was not bad either

Hi.  Interesting comments.  Pls provide evidence or a link to any weaknesses in trezor.  ?
Thanks.  Kr

kaloloy
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August 06, 2017, 09:56:36 AM
 #230

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

Cryptocurrency, Bitcoin or Alt coins were not a physical monetary thing like Dollars or Euro that are used to transfer from one place to another.
A Bitcoin wallet is a secured place that saves all your keys. These keys are used to transact or pass Bitcoin, Bitcoin that exists in the form of transaction outputs stored in the chain of locks and Blockchain is in the wallets of all the users around the world who has running a full node client. The nutshell is responsible to keep the keys in each Ledgers or wallets and then use that key create a transactions.
Spontebob
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August 06, 2017, 10:15:31 AM
 #231

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
There are a lot of ways on how to keep your bitcoin safe knowing that it's not physical money but a cryptocurrency. Having your very own bitcoin wallet is a good way to keep your bitcoin secured. You will have a key here which is your obligation to keep as a secret having no one know it. Make a password also that is strong enough not to be known by anyone. This is one of the best way but if you want a safer one, try trezor and cryptosteel. It makes you invulnerable from hackers.
ReLieD
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August 06, 2017, 10:27:01 AM
 #232

I would just recommend you to keep your Bitcoins in different wallets. So that even if one of your wallets experience some problems and you fail to claim your money back then you will still have Bitcoin which you stored in other wallets.
You might have heard about this phrase ' don't keeps all the eggs in one nest' , it's the same case. So this method will secure your money. Also if you divide your money your sum in every wallet will be comparably less keeping you away from the radar of hackers

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keefryan
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August 06, 2017, 10:30:00 AM
 #233

A team of developers working at trezor have been trying to find a weakness in trezor for the past 3 years the only time anyone got close was when a developer that now works for trezor managed to find a part of the seed using an electron microscope , this issue was quickly secured with a firmware update , even then any potential thief would have had to actually have your trezor.  It is impossible to ( hack ) a trezor because it is never actually connected to the internet and your private keys never leave the device.  To date no one has ever lost any bitcoin or had them stolen while using a trezor.  
Regards. Kr
Subrojit Roy
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August 06, 2017, 10:33:02 AM
 #234

Bitcoin can be stored in offline storage and then connect online storage when we have to start transaction to secure a bitcoin locally. Please note that offline and online storage can be manage in different OS.

We store fiat cash in a physical wallet, and bitcoin works in a similar way, except it's ... What you store are the secure digital keys used to access your public bitcoin .... It's a good idea to use cold storage for the bulk of your bitcoin fortune..
Alpinat
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August 06, 2017, 10:33:20 AM
 #235

Safest way is to use an offline wallet. As long as you have the seed of the wallet and you secure it, you have nothing to worry about. Trezor is not the way to go especially if you're just a newbie. It's expensive and you have to buy it from abroad.

Online wallets are completely unsafe because they can run away any time they like, plus, it's on the Internet, therefore, it can be targeted by elite hackers.
lady Royal
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August 06, 2017, 10:40:28 AM
 #236

I guess the safest way to keep the Bitcoins is download the offline wallet and save your coins there?
If you are using any online wallet use a strong password like which have upper case lower case and special characters and spaces between it. Or use password generators online and you can have the strong password also turn on the 2fa if there is any.


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DannaWonder
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August 06, 2017, 11:05:15 AM
 #237

The safest way is to get a local wallet and secure your private keys, I think that is the most safest way.
Colt81
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August 06, 2017, 11:35:50 AM
Last edit: August 06, 2017, 03:41:20 PM by Colt81
 #238

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
Actually, the best way to keep your bitcoin safe is put it on online wallet or offline because both of them has a private key that keeps yours bitcoin safe and secure. In addition to that, as of now many already use online wallet and they know that online has high security level that keeps you bitcoin safe. Lastly, don't worry because even professional hackers can't hack your wallet.
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August 06, 2017, 12:13:58 PM
 #239

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
Bitcoin wallets are not very easy to hack so you don't need to worry about all of your bitcoins because it is safe in your wallets. If you really need a safe wallet why don't you try to use an online wallet like blockchain, it is very safe to use and very easy. You just need to worry about is you need to remember all of your passwords in your wallets account because if you forgot all of your bitcoins will be useless.
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August 06, 2017, 01:59:25 PM
 #240

I think saving it in a hardware wallet is more secure because you're the one who is handling the wallet and you're sure it won't go anywhere. Unlike with online wallets, you need to enter a safe password and you need to check it most of the time.
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