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Author Topic: Safest way to keep bitcoins?  (Read 18347 times)
laravuemaster
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December 11, 2017, 09:12:35 PM
 #741

It depends on you, You can hold bitcoins online or offline and also it is depending on your coins, I hold bitcoins on liqui.io and i also hold my eth coins MEW so it will always be depending on your coin and try to research the best wallet for your coins before starting to place it.

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osasshem
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December 11, 2017, 09:29:05 PM
 #742

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

The safest way to store/safe keep your bitcoins is using hardware wallet, paper wallet or good cold storage wallet. These should be the best ways/wallets to use without fear.
wellbit
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December 11, 2017, 10:00:07 PM
 #743

Harware wallets like Trezor or Ledger Nano S are the most secure way to keep bitcoins. You can also install Linux Tails, and use it as a offline pen drive with Elecrum and generate a paper wallet. But be completely sure to never lose your paper!
wenas
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December 11, 2017, 10:24:52 PM
 #744

creating paper wallets or having a good hardware wallet seems most clever for me. depending on the amount of btc you have i think.

//edit: look for a safe place for your paper wallet! ( f.e. like your birth or marriage documents)
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December 11, 2017, 10:29:02 PM
 #745

Don't listen to all this. People touting their wallet services...
All you need is a bip 38 paper/cold wallet with a good passphrase.
Generate one offline with bitcoinpaperwallet (OFFLINE!), and print the wallet.
Save a backup somewhere as well, either a second and third printed wallet or an encrypted backup online somewhere. That's all you need.
Keep control of your coins.
Bamel
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December 11, 2017, 10:29:39 PM
 #746

Don't listen to all this. People touting their wallet services...
All you need is a bip 38 paper/cold wallet with a good passphrase.
Generate one offline with bitcoinpaperwallet (OFFLINE!), and print the wallet.
Save a backup somewhere as well, either a second and third printed wallet or an encrypted backup online somewhere. That's all you need.
Keep control of your coins.

What's the url of the paper wallet site where I generate my wallet?
Amial
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December 11, 2017, 10:30:14 PM
 #747

If your talking that much why not just invest in a hardware wallet like a Trezor?
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December 11, 2017, 10:31:31 PM
 #748

If your talking that much why not just invest in a hardware wallet like a Trezor?

I just got one. Just took it out of the box yesterday. I love it.
Usine
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December 11, 2017, 10:32:12 PM
 #749

If your talking that much why not just invest in a hardware wallet like a Trezor?

They changed their software license from GPL to a much more restrictive license. A dick move that moves away from the open nature if the bitcoin ecosystem.
Renr
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December 11, 2017, 10:32:38 PM
 #750

If your talking that much why not just invest in a hardware wallet like a Trezor?

They changed their software license from GPL to a much more restrictive license. A dick move that moves away from the open nature if the bitcoin ecosystem.

Multisg.
Disclaimer: I work for a multisig wallet, Coinkite. That's where I keep my coins. Regardless who you use, make sure you don't have a single point of failure, as loss can also happen. For large amounts, I suggest a mult-signature setup where the majority quorum of keys is generated offline. Our info here
AimHigh
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December 11, 2017, 10:32:44 PM
 #751

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

As my friend said the best and safest way to keep you bitcoin is to keep it offline i mean download a software that handle your bitcoin because many of people now was hacker and addicted to get a bitcoin so that my friend saying me that how to keep my bitcoin to make sure it safe and not to hack try it to make sure no ane can get your bitcoin.
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December 11, 2017, 10:33:17 PM
 #752

Use multisig with private keys created offline on different devices (preferably secure systems) is the best way. Don't forget to have a disaster recovery plan.. loosing keys is as common as theft is.
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December 11, 2017, 10:33:32 PM
 #753

Can't you just store your wallet seed on a set of flash drives or sd cards, along with the pc, mac and source tarballs for (say) electrum.org? You can also set up 2-of-2 and 2-of-3 wallets on electrum.
With google inactive account manager (for example), you can set up a dead-man's switch which will send these passwords, encrypted with an AES key that you have already shared with your designated heirs, in the event of your death or incapacitation.
Stianyd
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December 11, 2017, 10:33:51 PM
 #754

Can't you just store your wallet seed on a set of flash drives or sd cards, along with the pc, mac and source tarballs for (say) electrum.org? You can also set up 2-of-2 and 2-of-3 wallets on electrum.
With google inactive account manager (for example), you can set up a dead-man's switch which will send these passwords, encrypted with an AES key that you have already shared with your designated heirs, in the event of your death or incapacitation.

I prefer Armory fragmented backups from a cold storage wallet (will never be online). I keep a watch only wallet on my computer so I see that they are enjoying their cold life Smiley
Renr
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December 11, 2017, 10:35:09 PM
 #755

You can use CoinCooler. Key generation and encryption all done on an offline raspberry pi.
Usine
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December 11, 2017, 10:35:30 PM
 #756

The best way is to use a brainwallet.
Kesecer
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December 11, 2017, 10:35:52 PM
 #757

Ledger wallet
Amial
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December 11, 2017, 10:36:04 PM
 #758

If your talking that much why not just invest in a hardware wallet like a Trezor?

I heard Trezor has some kind of software issue recently I probably want to avoid them.
Stianyd
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December 11, 2017, 10:40:09 PM
 #759

Armory.
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December 11, 2017, 10:40:17 PM
 #760

Ledger wallet
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