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Author Topic: Safety of coins  (Read 417 times)
tayyabdar (OP)
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January 18, 2018, 12:16:17 AM
 #1

can anyone help me about which is the easiest and safest place to keep coins/wallet?

Thanks
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January 18, 2018, 02:35:06 AM
 #2

Hardware wallet would be the best choice in terms of safety.
I recommend ledger nano s or trezor wallet but not all coins are supported but you can use them offline sending coins..
The other wallet that i know until is safe is coinomi but not all coins are supported but most likely well known coins are supported ..
For bitcoin if you wanted to safely save your bitcoins electrum is the best for me for lite version and segwit supported..
I don't recommend to use online wallet or exchanges because its not safe there times that trading site hack or even web wallets.. 
And always make sure to save private keys of each address you use for future recovery save it somewhere safe in your computer or phone..

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January 18, 2018, 07:25:23 AM
 #3

I think ledger nano s or Trezor wallet  is the best but I wallet does not support all coins. So exactly which coins are you want to keep safe?
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January 18, 2018, 07:35:32 AM
 #4

Assuming your computer is clean and you use an offline paper wallet generator, a paper wallet is surprisingly secure. For a low cost (free), paper wallets are essentially as secure as hardware, assuming they're done correctly. There are however precautions to take such as not printing over a network, clearing your printer memory, ensuring the paper wallet generator is secure and offline, and storage of the wallet.
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January 18, 2018, 09:06:10 AM
 #5

can anyone help me about which is the easiest and safest place to keep coins/wallet?

Thanks
i'll prefer you Trezor because it is one of the primary movers in the equipment wallet industry and sets the highest quality level for crypto security.
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January 18, 2018, 03:25:13 PM
 #6


Almost all wallet are safe for coins keeping if human error are avoid, you the latest version of equipment and unique password. However, I will advice you to use paper wallet, eidoo, trezor or ledger and eidoo/trezor is the best option for token.

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January 18, 2018, 03:28:38 PM
 #7

Hardware wallets are always the safest. Keep them in a safe place.
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January 18, 2018, 03:30:00 PM
 #8

Safest: airgapped pc, hardware wallet or paper wallet
Easyest: depends on your defenition of "easy".

If you're after a wallet that can easily be generated and is almost free, a paper wallet is number 1. If you don't mind buying hardware and learning how to use your new wallet, a hardware wallet is much easyer for day-to-day usage.

In my opinion, nothing beats an airgapped pc running a non-hd version of core... But in this case, it's always a hassle to spend your funds, and you have to make very regular backups and keep your core version up-to-date...

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January 19, 2018, 06:44:08 AM
 #9

I would combine two strategies :

1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.

2. Paper wallet : You store the remaining 70% of your coins in paper wallets. <Off-line storage> It is important that these paper wallets are created in the most secure method possible, before you store any coins on them. Search for guides on how to create secure paper wallets on this forum, because it has been discussed multiple times on this forum before.

Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets. <store that in a different location>

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January 19, 2018, 10:03:11 AM
 #10

I think you should try hardware wallet. It is best.

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January 19, 2018, 10:30:17 AM
 #11

I would combine two strategies :

1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet.

2. Paper wallet : You store the remaining 70% of your coins in paper wallets.

Would you mind to explain why you would split your funds that way?
OP was asking for the easiest and safest way for storing coins.

IMO the easiest and safest way is to just use a hardware wallet.
A hardware wallet basically combines the pro's of a paper wallet (private keys only known 'to' this one 'device'/paper) with the pros of a desktop wallet (easily accessable, automatically managing addresses, intuitive use).
While it gets rid of the cons of the paper wallet (no address management (change address), non-trivial way of sending funds) and the cons of a desktop wallet (security is based on the security of the host machine).

I really can't think of a way of storing coins which is as secured as a hardware wallet and is even 'easier' to use.
The only difference between a hardware and a desktop wallet in terms of usability is that you have to push a button to confirm the transaction. Can't get much easier than that.

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January 19, 2018, 03:21:45 PM
 #12

can anyone help me about which is the easiest and safest place to keep coins/wallet?

Thanks

I have some of my coin in Myetherwallet.com. It's secure and safe, just don't lose your private key
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January 19, 2018, 03:28:25 PM
 #13

can anyone help me about which is the easiest and safest place to keep coins/wallet?

Thanks

I have some of my coin in Myetherwallet.com. It's secure and safe, just don't lose your private key

you're in the bitcoin subforum... An online wallet like myetherwallet certainly isn't the safest, it's also not for BTC.

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January 19, 2018, 07:09:10 PM
 #14

can anyone help me about which is the easiest and safest place to keep coins/wallet?

Thanks

As people above sayed, the safest way is hardware wallet, but it's expensive. The easiest way to me is papper wallet storage. It's safe and cheap and you can tell your parents or relatives how to reddeem your coins, just in case something happens to you. Thank God, no!
If you cannot create a paper wallet, use a desktop one (go to bitcoin.org and choose yours), don't use a online one.
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January 19, 2018, 07:30:14 PM
 #15

can anyone help me about which is the easiest and safest place to keep coins/wallet?

Thanks

I suggest you to have your fund in the paper wallet or hardware wallet. If you do not want to buy the trezor or ledger nano still you can keep your fund on the desktop wallets but you have to keep your private key not shared to anyone of the people.
You should have 2FA authentication to keep your wallet secured. Still you are using the online wallet you are in risk and you have to keep logging into the wallet with the correct URL to avoid the individual hack attempt. 
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January 20, 2018, 02:43:12 AM
 #16

can anyone help me about which is the easiest and safest place to keep coins/wallet?

Thanks

I can prefer you to use hardware wallet. It is safe. I use hardware wallet to store my coin.  You can try it.

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January 20, 2018, 04:54:00 AM
 #17

Golden rule: avoid storing them on an exchange wallet or any wallet for which the private keys are controlled, kept and known by the wallet provider or operator.

The safest wallet is a wallet which allows no external intrusion of any kind. A safe wallet allows you, the wallet owner, and you alone to know, keep and manage the private keys. It's all about the private keys without which a thief can't steal your coins.

And common sense is just as important as the private keys. Don't send coins to anyone or any exchange without knowing what you're doing and who you are sending the coins to. Even if you have the safest wallet, you can lose your coins if you don't think carefully of the consequences of being negligent. Scammers exploit every weakness they see.

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January 20, 2018, 07:56:01 AM
 #18

According to me for bitcoin wallet blockchain(dot)com is the best and secure.
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January 20, 2018, 08:00:28 AM
 #19

According to me for bitcoin wallet blockchain(dot)com is the best and secure.


Well, if you really HAVE to go for the most unsecure category of wallets (online wallets and exchanges), blockchain is the most secure of the completely unsecure wallets.

Basically, ANY other kind of wallet that is still supported by a decent dev and run on a clean computer is more secure than an online wallet...

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January 20, 2018, 08:00:23 PM
 #20

According to me for bitcoin wallet blockchain(dot)com is the best and secure.

It's a web wallet so anything that is in the surface of internet doesn't have an assurance of security but as per mocacinno said if there is/are dev who maintains the whole system properly will make that safe but still don't be confident.

I would combine two strategies :

1. Hardware wallet : You buy a hardware wallet and you store say 30% of you coins in that wallet. This will give you easy access to some of your coins.

2. Paper wallet : You store the remaining 70% of your coins in paper wallets. <Off-line storage> It is important that these paper wallets are created in the most secure method possible, before you store any coins on them. Search for guides on how to create secure paper wallets on this forum, because it has been discussed multiple times on this forum before.

Try to split the 70% into smaller amounts on different paper wallets and make a backup of these paper wallets. <store that in a different location>
I'm storing most of my coins on hardware wallet to be specific with nano ledger s.

the safest way is hardware wallet, but it's expensive.
Security isn't expensive if you have more than the price of what you buy, if you find it expensive then shift to paper wallets or if you have an extra laptop install a desktop wallet and use it as real hardware wallet.

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