Captain Sneeze
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May 30, 2018, 06:09:08 AM |
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Hi guys I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 1. Download latest BTC client 2. move to a pc not connected to the internet. 3. Create an address on that PC without internet. 4. Send fund to address created on PC with no internet access. 5. Save keys in safe place ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ? Sorry if my question has been covered many times, but I just don't want to make a big mistake. Thanks Rick For me the best way to store bitcoin safely is in the bitcoin wallet like hardware wallet, paper wallet and etc. but you must choose better and reliable wallet to keep your private keys and other information that you have.
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mixany
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May 30, 2018, 06:50:00 AM |
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Thanks guys, for such important and interesting information, use only proven resources!
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AliMan
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May 30, 2018, 06:59:36 AM |
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you should keep it on your device like computers and other offline devices you should have a very high security and protection from attacks of some viruses that can attack your device and steal your data.
Having a personal computer is a good way to keep it safely. Don't just log in your account to avoid hackers and scammers. Be careful of sharing your account make sure that they are your trusted one. Device must always kept clean from viruses to avoid circumstances of loosing your bitcoin. Just be careful to where you're going to put your account.
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heartwreck
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May 30, 2018, 07:02:38 AM |
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For me still the best way to keep your bitcoin safe is to keep only to your your private keys.
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hannahwaston96
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May 30, 2018, 07:06:12 AM |
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I think, desktop wallet is a good choice. Because desktop wallets are accessed only via your private computer, with personal security keys stored just on that machine. Thus, exposure of your security key online is reduced.
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wahyu5
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May 30, 2018, 07:12:54 AM |
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Blockchain is the best and safest way to store the bitcoin we have, because all the time I've used blockchain has never had a problem with blockchain, and my bitcoin is safe and transactions are smooth with no problems.
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drybull
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ICOVO team
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May 30, 2018, 07:32:54 AM |
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There is what I’d like to call the Wallet’s Triangle, which is a trilemma of three properties(security, privacy, usability) that are generally considered desirable for a crypto wallet.
So far, the best wallet form that maximizes all the properties is a hardware wallet. I personally use Trezor, but Ledger Nano S is another option.
You can store your ETH, Tokens, ETC, BTC, and many other coins. And both cost less than $100.
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marcosfx
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May 30, 2018, 01:36:07 PM |
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I am going to say an obvious thing again. Try to diversify your funds, dont keep them in a single place of exchange or a wallet.
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Sofiasoff
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May 31, 2018, 01:52:25 PM |
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I want to show you a way to store bitcoin safely. These wallets are bits of hardware, external devices like USB sticks which you can carry around on your person. An added benefit of a hardware wallet is the complete anonymity with which you can transact. There is no personal information linked to the hardware, so no identifying data which could be leaked. Hardware wallets are resilient to malware, and if you happen to lose the wallet you'll be able to recover the funds using a seed phrase.
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Magkirap
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★Bitvest.io★ Play Plinko or Invest!
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May 31, 2018, 01:57:36 PM |
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The best way to store bitcoin where you can download the best wallet. I prefer to use coins. pH so that you can store bitcoin safely and secured. Always keep in the safe place the private key so that know one can hack your wallets.
The best way to store your bitcoin is to put it on best wallet where you can assure that your bitcoin is totally safe and secure. In addition to that, if you want to make it more secure try to put a 2fa. Lastly, I suggest do not ever share your password and private key to anyone.
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MiXxe
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May 31, 2018, 02:04:49 PM |
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Bitcoin is as precious as our bank accounts. Actually, more precious than that when what's inside this is lower than the value of bitcoin. Therefore, we have to really take heed of our bitcoin and keep it safely. We may keep is in a software wallet or in a hardware wallet. Just make sure that you use your personal device when you open it to make it more safe from hackers. As for the scammers, do not leave any clue to your account like in terms of password and such.
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addeqt
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May 31, 2018, 02:15:37 PM |
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Oh, my friend you are referring to "Cold Storage". It is the process you stated, storing bitcoin on a computer that generate public and private keys while it is offline. That process ensures that your offline environment could secure the keys. But your bitcoin is still floating and can't go thru your offline computer until you have connect it on the internet. I hope you get my point, I am telling you that, you still need to connect it to the internet one way or another in the future to fully transact with your bitcoins. It could be not vulnerable today but It could be in future.
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TommyJr
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June 01, 2018, 08:30:34 AM |
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It is really a very helpful post for the newbie like me, thanks a lot sir.
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Abigail Asi
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June 01, 2018, 09:50:12 PM |
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There are many ways to store bitcoin safely. Hardware wallet, paper wallet and so on are some of the things to store bitcoin safely.
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jpnl0004
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June 01, 2018, 10:35:32 PM |
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For me i would recommend the paper wallet or the offline wallet because of its characteristics which are its save and can not be hacked by hackers its truly safe .
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jpnl0005
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June 01, 2018, 10:38:45 PM |
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I suggest or recommend the offline paper wallet to store or keep your bitcoin safe from hacker its not prone to be hacked except for some reasons you got your details leaked but the paper wallet is sure safe.
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bjmpoker001
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June 02, 2018, 08:13:54 AM |
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Hi guys I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 1. Download latest BTC client 2. move to a pc not connected to the internet. 3. Create an address on that PC without internet. 4. Send fund to address created on PC with no internet access. 5. Save keys in safe place ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ? Sorry if my question has been covered many times, but I just don't want to make a big mistake. Thanks Rick Download a btc client wallet is not a bad option but i dont want to wasting my time for downloading the blockchain database. i read that now the blockchain itself has 150Gb++ to download. i prefer buying a hard wallet for storing my cryptocurrency coin.
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costanos02
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June 02, 2018, 08:59:21 AM |
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Hardware wallet is the best wallet for bitcoin safety, next is wallet with private keys. Open wallet only if needed or for update, also need extra caution when dealing people.
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Chaelbrin
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June 02, 2018, 09:01:02 AM |
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There are stopped various great approaches to store your Bitcoins however one thing that you should accentuate on is the security of your coins,this ought to dependably be given need at constantly. we as a whole have inclinations with regards to the decision of wallet we utilize. some will make due with electronic MEW on account of the fast exchange speed and effectiveness, Bu for legitimate security, I'd make due with Equipment wallets which are not as inclined to hacking as Web base wallets. They store your crypto disconnected making it inconceivable for an outsider to get to it.
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2408AAY
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June 02, 2018, 10:40:13 PM |
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Bitcoin must be stored in an offline wallet and by private key
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