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Author Topic: Safe Wallet  (Read 530 times)
Factum_Est
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May 14, 2013, 09:15:38 PM
 #1

I am looking into storing a wallet to hold the main amount of my savings that is safer than your conventional wallet set up. I am currently looking into running a VM of http://qubes-os.org/trac on my regular Linux machine. QubeOS is the real deal. It looks pretty secure itself. Obviously nothing is 100% but as long as it is difficult, I can be relatively sure that its not worth the time for 99.9% of all hackers. Any thoughts?
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DannyHamilton
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May 14, 2013, 09:34:37 PM
 #2

- snip -
a wallet to hold the main amount of my savings that is safer than your conventional wallet set up.
- snip -

I'd just create a paper wallet.  Can't remember the last time I heard about someone hacking a piece of paper over the internet.

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May 14, 2013, 09:35:27 PM
 #3

- snip -
a wallet to hold the main amount of my savings that is safer than your conventional wallet set up.
- snip -

I'd just create a paper wallet.  Can't remember the last time I heard about someone hacking a piece of paper over the internet.


Listen to this, it's the most secure method in my opinion.

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timmybray
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May 16, 2013, 05:31:05 PM
 #4

paper is always the bst
Factum_Est
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May 23, 2013, 02:33:31 PM
 #5

Yeah I am think about paper wallets but I am looking more for something that is more useable. In the sense I can sign transactions. Has anyone shipped hardware wallets yet?
Ransor
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May 23, 2013, 02:56:51 PM
 #6

In my experience paper wallets are really easy to access, just swipe them into a service like blockchain.info when you are ready to use them.
ranlo
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May 23, 2013, 03:18:39 PM
 #7

I'm a bit lost. If you use paper wallets how do you get your payments updated for your records?

And if you use the paper wallet, do you just create a new one after you make your transfer (and get the new address for your remaining coins)?


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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DannyHamilton
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May 23, 2013, 03:22:44 PM
 #8

I'm a bit lost. If you use paper wallets how do you get your payments updated for your records?

I'm not sure that I understand what you are trying to ask here.

And if you use the paper wallet, do you just create a new one after you make your transfer (and get the new address for your remaining coins)?

That is the recommended method.  If you know what you are doing and you are careful about it, it is possible to just send the remaining balance back to the same paper wallet that you just spent them from, but it is generally safer to create a new paper wallet and send the remaining balance to the new paper wallet address.

Typically paper wallets are used for long term storage of large amounts of bitcoin that you won't be needing regular access to, so this shouldn't be a daily problem.

ranlo
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May 23, 2013, 03:27:53 PM
 #9

I'm a bit lost. If you use paper wallets how do you get your payments updated for your records?

I'm not sure that I understand what you are trying to ask here.

And if you use the paper wallet, do you just create a new one after you make your transfer (and get the new address for your remaining coins)?

That is the recommended method.  If you know what you are doing and you are careful about it, it is possible to just send the remaining balance back to the same paper wallet that you just spent them from, but it is generally safer to create a new paper wallet and send the remaining balance to the new paper wallet address.

Typically paper wallets are used for long term storage of large amounts of bitcoin that you won't be needing regular access to, so this shouldn't be a daily problem.

Thanks for the reply. And what I was asking at the top is... when I run my client I can see what my balance is. The paper wallet wouldn't have the same benefit. But thinking about it more, you could just put the address into an explorer and see what its current balance is, right?


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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DannyHamilton
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May 23, 2013, 03:47:26 PM
 #10

I'm a bit lost. If you use paper wallets how do you get your payments updated for your records?

I'm not sure that I understand what you are trying to ask here.

And if you use the paper wallet, do you just create a new one after you make your transfer (and get the new address for your remaining coins)?

That is the recommended method.  If you know what you are doing and you are careful about it, it is possible to just send the remaining balance back to the same paper wallet that you just spent them from, but it is generally safer to create a new paper wallet and send the remaining balance to the new paper wallet address.

Typically paper wallets are used for long term storage of large amounts of bitcoin that you won't be needing regular access to, so this shouldn't be a daily problem.

Thanks for the reply. And what I was asking at the top is... when I run my client I can see what my balance is. The paper wallet wouldn't have the same benefit. But thinking about it more, you could just put the address into an explorer and see what its current balance is, right?

You could write the balance on the paper, and update it anytime you send bitcoins to it.  If you are using Armory or https://blockchain.info/wallet then you can add the paper wallet address to the wallet as a "watching only" address.

ranlo
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May 23, 2013, 03:50:33 PM
 #11

I'm a bit lost. If you use paper wallets how do you get your payments updated for your records?

I'm not sure that I understand what you are trying to ask here.

And if you use the paper wallet, do you just create a new one after you make your transfer (and get the new address for your remaining coins)?

That is the recommended method.  If you know what you are doing and you are careful about it, it is possible to just send the remaining balance back to the same paper wallet that you just spent them from, but it is generally safer to create a new paper wallet and send the remaining balance to the new paper wallet address.

Typically paper wallets are used for long term storage of large amounts of bitcoin that you won't be needing regular access to, so this shouldn't be a daily problem.

Thanks for the reply. And what I was asking at the top is... when I run my client I can see what my balance is. The paper wallet wouldn't have the same benefit. But thinking about it more, you could just put the address into an explorer and see what its current balance is, right?

You could write the balance on the paper, and update it anytime you send bitcoins to it.  If you are using Armory or https://blockchain.info/wallet then you can add the paper wallet address to the wallet as a "watching only" address.

Ohh, that is awesome. Didn't realize there were "watch only" ones. I like that.

Thanks again for the help understanding. Still a newbie, :p


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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dancupid
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May 23, 2013, 03:53:15 PM
 #12

Paper wallet or brain wallet (or paper wallet brain wallet hybrid using the private key from the paper wallet + password in brain wallet as 2 factor) and using blockchain wallet as watch only.
You can make offline transactions from blockchain wallet.
DannyHamilton
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May 23, 2013, 03:53:58 PM
 #13

Ohh, that is awesome. Didn't realize there were "watch only" ones. I like that.

Thanks again for the help understanding. Still a newbie, :p

That is a feature that some wallets provide.  The reference client Bitcoin-Qt does not provide this functionality.

JEEPNEY
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May 23, 2013, 04:48:27 PM
 #14

Love the paper wallet & watch-only combo. Definitely upgrading to that. Thanks for the tips, all!
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