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Author Topic: Best way to store Bitcoin safely ?  (Read 2579 times)
khaled0111
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May 17, 2018, 03:40:04 PM
Last edit: May 22, 2018, 06:27:48 PM by khaled0111
 #81

You don't have to download anything, just a script  that can generate a new address with its private key.
Generate a new wallet offline and print it on a peace of paper (paper wallet Smiley ), you have to keep it safe and never loose it.
Or you can use a hardware wallet, buy it from the manufacturer and not from an online shop to keep your Bitcoins safe and avoid scam attempts.  

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cintya31
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May 18, 2018, 05:29:38 PM
 #82

in my opinion, the safest way to save is to use a wallet address, and not to tell the key to anyone.
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May 26, 2018, 10:11:49 AM
 #83

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
I think myetherwallet.com is more convenient and popular for keeping Bitcoin secure. To use this wallet a password is required. Without the password can not enter wallet. This wallet's password can not be used anywhere. So these Wallet users are protected by Bitcoin.
juiceannabel
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May 26, 2018, 01:24:47 PM
 #84

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

But downloading a desktop wallet will require a big amount of data because you need to sync the blockchain.
the most safe way to store your wallet is store it in the cold wallet.
yvuj101
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May 26, 2018, 01:28:21 PM
 #85

Hi again
I just wanted to let you guys that have been recommending the hardware wallets,
I was going to buy the ledger nano s tonight until I read there is security issues with them, Ive just made a post here regarding the Ledger Nano S https://bitcointalk.org/index.php?topic=3630923

Best way to store bitcoin is put in a hard wallet and make another duplicate for safety purposes.k
Jess KaKa
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May 26, 2018, 01:31:08 PM
 #86

I use Ledger Nano wallet. I find it very safe and easy to use.
  Smiley Smiley Smiley Smiley
Earthwood
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May 27, 2018, 12:11:24 PM
 #87

I use Ledger Nano wallet. I find it very safe and easy to use.
  Smiley Smiley Smiley Smiley
I think the best and secure way to store your bitcoin is to make an two duplicate wallet account. One is for your official transaction and one for your backup and storage. Of course, you need to have a unique bitcoin wallet address to make transactions. You can use Ledger nano wallet, because i think this is the most simple and secure type of btc wallet.
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May 27, 2018, 05:09:38 PM
 #88

The best way to store your bitcoins is to store it in a place you can't spend it!

Buy and forget are my best words...

There are many ways to secure your Bitcoin. The advice given is not necessarily bad, but they exclude many other options. For example, they do not take into account your use case. Are you planning on using Bitcoin any time soon or do you just want to lock it and hold it for future use? Are you looking really safe or are you looking for a balance of complexity and security?
RokokGudangGaram
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May 27, 2018, 05:13:36 PM
 #89

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
I think myetherwallet.com is more convenient and popular for keeping Bitcoin secure. To use this wallet a password is required. Without the password can not enter wallet. This wallet's password can not be used anywhere. So these Wallet users are protected by Bitcoin.
and I also used myetherwallet until now. and it's very safe to store the bitcoin I have. and the most important thing is always careful to keep the wallet of course

Snake9999
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May 27, 2018, 05:21:29 PM
 #90

I used my hand to copy the private key of my wallet on paper. Although this method may seem a bit stupid, it is undeniable that this is a very safe practice. Grin

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May 27, 2018, 05:25:40 PM
 #91

for the most sophisticated security system in the world would still have a gap, no 100% guarantee everything would be safe because everyone like hackers always find ways to get what they want, but at least we can minimize things like that

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dancingnancy
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May 27, 2018, 07:22:29 PM
 #92

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
A hardware wallet will always be more powerful and secure than anuboblune wallet regardless whether it has 2fa enabled or not. Ledger nano s is a portable and a very good wallet that supports many types of crypto. It is impossible to steal the funds without actually having access to the device in person so it makes it virtually impossible to hack.
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May 27, 2018, 07:26:52 PM
 #93

The best way to store bitcoins safely is to use hardware wallets. As long as you are offline, hackers can't steal your bitcoins. But this requires some cost. I think safety awareness is the most needed.
dbangel1994
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May 27, 2018, 07:35:43 PM
 #94

I think cold wallets are not a bad idea.
If I have more bitcoin, I would not hesitate to invest an amount to protect them.
MiningSensei
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May 27, 2018, 07:37:07 PM
 #95

why are you always trying to look for a way to store your bitcoins safely? justt buy a hardware wallet, store your cryptos in there, and you will never have to worry about that anymore. That is the most easiest, and safest solution.

Hello
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May 27, 2018, 10:53:47 PM
Last edit: May 27, 2018, 11:20:15 PM by jpnl0003
 #96

I suggest the best way to store bitcoin is in an offline wallet or could be called a paper wallet its not prone or exposed to hackers its very very safe for your bitcoin.try it and thank me later
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May 28, 2018, 02:24:08 PM
 #97

Why don't you use Physical Coins? Services are cropping up which allow Bitcoin investors to buy physical Bitcoins. The coin you purchase will have a tamper-proof sticker covering a predetermined amount of Bitcoin. In order to purchase the physical coin, you may need to pay a slight premium over the value of the Bitcoin that you're buying, owing to the cost of the manufacture and shipment of the coin itself.
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May 28, 2018, 02:47:59 PM
 #98

A paper wallet is a relatively safe way of storing Bitcoin, although it requires a bit more advanced understanding of how digital currencies work. Generate a paper wallet online using any number of dedicated websites, or generate the wallet offline for even greater security. Paper wallets are stored easily because they don't take up a great deal of space, and they also offer true anonymity: they are simply a Bitcoin seed written in some way on a piece of paper.
Revprojects
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May 28, 2018, 07:21:28 PM
 #99

My advice is to use a hardware wallet, for example Ledger Nano S. Be careful, a lot of fakes appeared now on eBay and other sites. Order a hardware wallet only on the official website.
maxman190
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May 28, 2018, 08:13:41 PM
 #100

having a large bitcoin-state, consider hiring a personal expert on crypto-security, which could audit the storage methods you are using. note that all the existing methods are best done with a small amount of bitcoins available in your purse or account. just in case.
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