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Author Topic: How to take keep your BTCs 100% safe?  (Read 1260 times)
onurgule
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September 09, 2017, 10:43:33 AM
 #21

None of wallets are safe.
But you can choose more safer bitcoin wallets.
I am using Blockchain, a lot of people using Blockchain.
So I think Blockchain is safer than other wallets.
Google "Bitcoin Wallet" and you will receive Blockchain as #1 result. Trust Google.
YuginKadoya
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September 09, 2017, 10:50:56 AM
 #22

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
Yes you are 100 percent right. One should have more than one account. The most fear thing is that not only hackers but the site owners also shut it down or Bloch their site without any reason. So having two or three different account on different sites and keep not all the bitcoin in one wallet but in all the wallets you has then you will be safe not 100 percent but enough. No one can give you the tips of 100 percent bitcoin security.

Preferably after hearing so much hacking and closing of some web wallets many will surely take an interest with your bitcoin there is no such 100% secure wallets when it comes to web wallets if you want a secure one you can surely get a cold storage that is surely the most secure part to keep your bitcoin but OP is saying about the private keys or password that he can forget then don't use bitcoin and just convert all of your bitcoin to fiat, because you need a multiple account so you can not lose all of your earn bitcoin, maybe a portion of it but not all. but hey it is a coincidence that you can surely lost your bitcoin.
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September 09, 2017, 11:26:55 AM
 #23

I think the better and safe way to keep all bitcoin information (logs, passwords, and so on) on the paper at you home, because all electronics data easy or not to huck.
Take care.
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September 09, 2017, 11:44:34 AM
 #24

there are no 100% safe wallet, but to lesser the risk try to use HD wallet or core or electrum any desktop wallet dont take your coins on the exchange platform as it have a risk of hacking were there are big wedsite of exchange are been hacked before. save your password of google drive or print the qr code and password/private key and keep safe it so you wont forget it. in this world of technology there no 100% safe all have a risk hackers are behind us so be aware and vigilant. Good Luck

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September 09, 2017, 12:01:44 PM
 #25

Its not really possible to make anything really 100% secure, or theft-proof. After all, the user of the devices is actually you, and in turn, you are human, and to be fair, we humans are vulnerable. Very. Even if you use hardware wallets, you would need to keep several paper backups, as well as cold storage. Also, the place where you would transact would from, would need to have been never using the internet, as for the average user, internet = viruses. So, you really need to have loads of backups, and basically keep stuff in safes to make it kinda 99% proof.

But the thing is, if you end up getting your wallet hacked once, everything is done for.

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September 09, 2017, 12:17:27 PM
 #26

I'm reading comments on this thread just to know on how my BTC will be safe in the future (Don't have any bitcoin or any earnings yet Smiley ). But in my own opinion since BTC is an virtual money we cannot guarantee that it will be safe since nowadays there's a lot of tools that can be used to hack someone else information and also with the innovation. One way for you to make sure that your BTC is secured is that keep your information safe and save your password and other information on your own PC/drive/flashdrive because this is the best way to keep your information safe (Don't have any idea with the online wallets yet that's why this is the only advice that I have Smiley )
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September 09, 2017, 12:27:10 PM
Last edit: December 18, 2020, 09:48:53 AM by Chrystora123
 #27

you are right, but if I have many bitcoin.  I will choose an offline wallet, Like Trezor, I think this is so safe because if I want to transaction I only put it to my computer like a flash disk, and when I finished, I just pull it out from my computer..

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September 09, 2017, 12:33:07 PM
 #28

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.

There is no way you can keep your bitcoins safe in an online wallet or a 3rd party gateway.

Bitcoin was supposed to make your wallet your own bank.
Once you deposit you coins in another wallet where somebody is also able to move coins you forfeit all the security.

The only way to have 99.99999% security is to move your coins to cold storage:
https://en.bitcoin.it/wiki/Cold_storage

Remember, there is no 100%.

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September 09, 2017, 12:41:53 PM
 #29

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
I advise you to put your coins in a hard wallet, that is the safest place for your hard earned coins. Hard wallets could be brought anywhere and your seed was placed in a physical card which could be kept in your physical wallet. If you hate losing bitcoins then you better spend money purchasing security measures.
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September 09, 2017, 12:49:27 PM
 #30

Never keep your bitcoins in exchanges.If Mt.Gox like incidents occur,then you would have to loose your bitcoins.Instead,you could save it in Electrum wallet which is safe and secure.A twelve word seed is generated during opening a new wallet and it could be used for your wallet recovery in future in case of system damage.But care should be taken to download wallet from official website Electrum.org and not from fake websites.
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September 09, 2017, 01:05:47 PM
 #31

Yes you're right, by backing up your private key you'll have yourself protected from authorities closing down the websites.
But here's my recommended steps to save your bitcoins 99.9% safe (the other 0.1% is human error  Grin)

1. Make a paper wallet (either by generating private key independently and store it or just use some online service but make sure to download the websites and run it offline, and make sure to encrypt it using your pin.).
2. Make 3 or more copy of your paper wallet
3. Laminate it (to handle with years long storing and water)
4. Save a picture of it (it's safe because you've encrypted your private key)
5. Store them at a safe place (safety deposit box, vault, etc)
6. Hold  Grin

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September 09, 2017, 01:13:19 PM
 #32

to store 100% secure bitcoin I still do not know, but I've activated google authenticator, and also email confirmation every login and transaction. in my opinion it's safe enough, there might be input from another safer way to store bitcoin
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September 09, 2017, 01:54:47 PM
 #33

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
There are many online wallets that are really safe to store our bitcoins. Coinbase is the best example of the safest wallet that we can use in order to save our bitcoins. I always using coinbase because I know my bitcoin is safe there.

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September 09, 2017, 02:10:23 PM
 #34

I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
If you want to secure your bitcoins, the best way to do is store it in trusted wallets like coinbase. My bitcoins are in coinbase because I know that all of my bitcoins will become safe in coinbase.
Well, if you want to keep your bitcoin safe you should store your password and privatw key in safe place. In addition to that, try to use 2fa to totally secure your bitcoin. You can also use online or offline wallet to keep bitcoin safe and secure. Lastly, I think you should put it in safe place.
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September 09, 2017, 02:23:23 PM
 #35

Online wallets are never safe especially when they're on exchanges. The best is hardware wallets or paper wallets but they're also not 100% secure. Better is to use an old Android device, configure it once, get all the back ups and use it as a cold storage.

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September 09, 2017, 02:25:41 PM
 #36

Online wallets are never safe especially when they're on exchanges. The best is hardware wallets or paper wallets but they're also not 100% secure. Better is to use an old Android device, configure it once, get all the back ups and use it as a cold storage.

I never use online wallets since they're not even 1% safe, one exploit, and all of your funds can be gone. I use trezor, plus metal phrase keeper plus a swiss locker for the metal phrase keeper.
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September 09, 2017, 02:26:40 PM
 #37

My vote is for using a paperwallet.  They have paperwallet creators, and you download the website and can use it like an app offline to generate a paper wallet.
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September 09, 2017, 02:35:42 PM
 #38

it depends on usages you plan to , if you want to keep bitcoin safe for longer time never use Blockchain or any online wallets only use offline wallet or paper wallet .otherwise divide planned BTC for online use and offline long term period.

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September 09, 2017, 02:49:03 PM
 #39

If you have a lot of bitcoin its bettet if you use different wallet to keep it because if you save only to 2 wallets and same wallet and what if that wallet down you cant use your bitcoin. Unless you have more than 3 wallet and different website you can use your other wallet even 1 wallet shut down . Always remember your password set 2fa so you can make sure that your bitcoin is always safe.

 
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September 09, 2017, 03:00:37 PM
 #40

What ever security option you take keeping bitcoins in web wallet is not safe as you dont have private key for your address and if the site gets hacked then all accounts also get hacked and in that no one can help you. so it is better that you can use hardware wallet like ELECTRUM which is lite and secure and you have full control of your address as you will have posses of private keys of the address. and you can use the coins anywhere as some web wallet dont allow their users to use the bitcoins in gambling site and they ban the account without informing it also.
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