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Author Topic: Best way to store Bitcoin safely ?  (Read 2267 times)
oni4an
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July 11, 2018, 05:43:15 PM
 #681

And you didn't think to keep small sums on different purses? After all it is much safer, than to keep one big sum on one purse and and to talk about it on a forum?


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Etherlevis128
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July 11, 2018, 05:50:46 PM
 #682

Hard wallet is best to store bitcoin. But it cost money to purchase a hard wallet

spot on. It costs some money, but if you're dealing with crypto on every day basis, it's not so such for it be an excuse. Can't be cheap to spend few tens of USD on ledger wallet.
The safest way to save your Bitcoin, is to use hardware wallets like Ledger and Trezor. With a hardware wallet, you will always need this hardware to access your Bitcoin, making it more secure. And you must also provide a physical approval to make transactions. This feature can improve security, because if there are hackers who attack your computer, the hacker will not be able to physically press the button on your hardware to provide transaction approval.

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deepakg2m
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July 11, 2018, 05:58:25 PM
 #683

Hardware wallet and a pc without virus and another extra laptop that is not connected to internet since it is bought. Try also to diverse your bitcoins from different hardware you have. Criminal are being smarter and smarter and you might be the next victim and always be aware on what you've browse online.

I agree. First of all you should be aware every single moment while browsing online. It is always said prevention is better than cure, so use a hardware wallet for storing your cryptocurrency . And always pay proper attention to your PC, that it is virus free.
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July 11, 2018, 06:24:30 PM
 #684

The first time I store my bitcoin is in blockchain.info which I think is the best online wallet, all the security features are available there and I'm never afraid to save on blockchain because it's proven to be the safest wallet.
saqibmunir
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July 11, 2018, 06:56:30 PM
 #685

Print it in a paper but the paper and the printer you should use is not that advanced that stores data that can be collected by a hacker it must be a simple laser type printer and a paper tht is not easily disintegrated, and if you can you can also put a scratch sticker on the keys so you can know of someone is peeking on it and if possible you should put it in a vault of safe
Bitcoin crypto currency become most popular. There are several ways to store Bitcoin in your offline wallet including paper wallets, hardware wallets, etc. You can download the famous paper wallet generator from GitHub and move it to an offline PC and create a paper wallet to store your funds offline. In addition, hardware wallets are another more flexible way to use. And this is a safer way so that others will not know about the Bitcoin we have. Thanks

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yamete kudasai
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July 11, 2018, 07:58:13 PM
 #686

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
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

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

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

You should also watch out for phishers that steal information to you by those links. So beware in clicking unfamiliar url that is usually sent in emails and some forums. Evaluate also the online promos you see because some of them might be just a scam. Always be careful and deligent person and you can keep your btc safe and sound.

Nasonn
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July 11, 2018, 08:12:55 PM
 #687

Storing them in some place that is not to the internet in order to avoid the prying eyes of internet fraudsters is the best solution if you ask me. Paper wallet is a great way to store Bitcoin.

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Radnie
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July 11, 2018, 08:47:06 PM
 #688

Two things i have in storing bitcoin. First, i'm using coins.ph in storing bitcoin because of very good reputation of this website at the same time i'm also doing my daily trading in this particular website. 2nd, is the hardware wallet called Ledger Nano, this wallet helped me a lot and giving me peace of mind and security.

UniQue7
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July 11, 2018, 08:54:56 PM
 #689

Either save it to a secure server or just use Blockchain.
smartbitcoininvestor
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July 11, 2018, 08:56:29 PM
 #690

I would store it on a Hardware wallet such as a Nano Ledger S or Trezor.  Wink

JoshJelly
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July 12, 2018, 05:33:27 AM
 #691

I used to save my private keys and other important matters in USBs, lol. I create note on my laptop then saved it on multiple USB I have then locked it with a password. It really helps me. You must do it also so you wouldn't use Computer without internet, lol. At least USB was light to carry everywhere.
bentive
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July 12, 2018, 06:02:39 AM
 #692

As the complications and risk of storing your digital assets in an exchange, people tends to store it in a cold wallet, this can be a cold hardware storage or even a physical hardware manual generated keycodes storage. There are alot of these hardware storage in the market right now so please do get them as you may be storing millions of dollars worth of token but it may be hacked to be in the wrong hands.
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July 12, 2018, 06:06:51 AM
 #693

I used to save my private keys and other important matters in USBs, lol. I create note on my laptop then saved it on multiple USB I have then locked it with a password. It really helps me. You must do it also so you wouldn't use Computer without internet, lol. At least USB was light to carry everywhere.

thats a nice idea indeed. by the way i do also follow that method before ever since i got my first laptop , i then buy a seperate usb flashdrive so that i can store my important files such as my private keys from myether wallet and also my other private keys from another online exchange . i feel safe and secure to save a copy from different devices , so that you can be sure that you will always have  a back up if ever  something bad happens to one of your devices .
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July 12, 2018, 06:27:08 AM
 #694

I think bitcoin crypto currency most popular. because i think is the best online wallet.
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July 12, 2018, 06:29:21 AM
 #695

Use PC wallet like Electrum is a good choice.
If you want your coins stay safer, buy a flash drive, save private key in it and hide away. No one will know.
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July 12, 2018, 07:12:40 AM
 #696

I used coinomi application to save my Bitcoin and its save because i kept my pass phrases offline so it wont be accessed by hackers.
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July 12, 2018, 09:57:26 AM
 #697

I've researched a lot on this topic and this depends on the security of the exchange and wallet you're using online, I personally prefer Bittrex over all of the others since it has a history of being the least vulnerable to all of the cyber attacks but as bitcoin increases the number of users on the network security will be less of an issue.


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July 12, 2018, 10:10:27 AM
 #698

it seems like using blockchain is the right choice.
and most importantly there is a way to keep the key to be safe, do not let other people know. to avoid the crime of hackers

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July 13, 2018, 08:27:27 AM
 #699

The best way to store bitcoins is, you must have a wallet to store your bitcoin. Create your own wallet and keep it securely or attach a private key to secure your bitcoin, to be safe and no theft and removal due to bitcoin is virtual money and every money definitely has tools to store it safely, like paper money. Definitely have a wallet to keep it safe and not lost

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July 13, 2018, 09:10:41 AM
 #700

The best way to keep you bitcoin safe is for you to download a wallet transfer all the fund there and make sure the private key is been keep safe, and be sure only you have access to your private key and always password the gadget you use.
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