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Author Topic: Best way to store Bitcoin safely ?  (Read 2588 times)
Minionnn
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May 29, 2018, 06:56:28 PM
 #121

You should not store your bitcoin on the trading platform. When hackers attack the trading platform you will lose all your bitcoins. You should save bitcoin in "Myetherwallet".

electronus
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May 29, 2018, 06:59:31 PM
 #122

If there is a need to store a large amount of crypto currency, you can not think of anything better than cold storage. Cold storage involves physical access to the information medium, so as to protect it from any attempts to access via the Internet.
killat
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May 29, 2018, 09:16:42 PM
 #123

Depends on the volume/purpose. If its an investment and you plan to hold onto the coins for a while then a hardware wallet like the Ledger Nano S is 100% the way to go.

If it's just a small volume of coins for paying for services etc then I recommend Electrum. Been using it for years.

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May 29, 2018, 09:41:45 PM
 #124

I love Trezor because it is a cold storage method that greatly reduces cybersecurity risks and i have not experienced any problems with it.

I'm not an expert on the subject about which you're talking about, so I have a question for you. Tell and Trezor than better? is it possible to use the phone? tell us more about this method

Tatsuyashiba
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May 29, 2018, 09:45:08 PM
 #125

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

Sure it's a great way to keep the bitcoin from the hackers because I have my bitcoin case lost by the hacker. Secure your bitcoin as safe as you can.
Naurah03
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May 29, 2018, 10:12:14 PM
 #126

If possible i want to add some tips also :
1. Always clear cache (browsing history) after you finished using internet.
2. Always logout after you login on your BTC wallet
3. Don”t click the ads on any site

AimHigh
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May 29, 2018, 10:24:07 PM
 #127

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

Yes i agree with this to keep your bitcoin safe to those hacker this is the best need to do and to avoid hackers but i have also a suggestion that other way of offline bitcoin wallet just like what my friend using it almost same but it have a device that it same like flashdrive that have also a keys to open this hardware and also it is avoiding adds to keep your bitcoin safe.
thomas daniel
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May 30, 2018, 02:37:34 AM
 #128

You should pay attention to Desktop Wallet. A desktop wallet offers a number of advantages over an online wallet. While online wallets are easily accessed from anywhere in the world, they are also more vulnerable to potential hacking. Desktop wallets, on the other hand, 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. Nonetheless, desktop wallets are still susceptible to hacks if your machine gets infected with malware designed to root out keys and steal Bitcoins.
Pattart
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May 30, 2018, 03:18:35 AM
 #129

the best way to get your bitcoin safe is to make sure 2fa sure is that it's not just as easy as any bitcoin to steal and most of the sellers 2fa really puts in order not to just hack your wallet and get your bitcoin

2fa is really helpful to secure your wallet and your account. because I've experienced an incident where the hacker has my account password on the exchange site and they try to login. visible from notification in my email. but then hindered login by the sms verification to enter into my account. very grateful that i'm using 2fa
victoryana
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May 30, 2018, 03:38:12 AM
 #130

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 have many many store to store bitcoin an toàn as you can be store at the videos that you can be given as a example or the ethernet that you like you like you like you like you like you like you like you like you like you will be found it
quanyb98
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May 30, 2018, 03:43:32 AM
 #131

Cold storage is best choice for me.
Or another way is:
Download btc wallet for PC, then make 2 back up data file and copy into 2 USB, then put them into 2 safe place.
There are two choice if i were you.
Julia Wilson
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May 30, 2018, 03:53:55 AM
 #132

The best way would be:

1. Boot your computer up with Ubuntu Live CD

2. Create a wallet, encrypt it using a strong password (What is your way to create good passwords that can actually be remembered?). Make sure you do not forget the password.

3. Back up the wallet multiple times (e.g. email+Dropbox).

4. Practice its decryption using Spaced repetition

5. Finally, transfer the bitcoins to the wallet.
janhllr
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May 30, 2018, 03:57:56 AM
 #133

For the best security, you require cold storage. Cold storage in the blockchain realm simply means a device that is disconnected from the Internet. This is the toughest security measure possible to safeguard any crypto-investment from the prying interests of hackers.

Even if your wallet were to fall into the wrong hands, cold storage solutions offer high-end encryption to deter even the toughest hacks.

There are several cold storage solutions available on the market today. They’re also referred to as hardware wallets.
boty
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May 30, 2018, 04:32:10 AM
 #134

I'm not used to using offline wallet or connected to my device because I trust storing bitcoins in storage like blockchain.com, if I save on my computer or device I'm very afraid of getting exposed to viruses.

Md.salauddin
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May 30, 2018, 04:49:34 AM
 #135

first of all choose best hardware wallets such as ledger nano s or trezor or something else and don't keep everything in the same wallet, divided it into two or three based on the amount. in these way if you somehow fall into trouble will not going to lose everything.
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May 30, 2018, 05:20:06 AM
 #136

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 you way to store bitcoin safely is good and we can do it all so that there's no chance that our bitcoin will gone. For me the best way in you ways is to save your key in a safe place because the most impostant in bitcoin is you key.
yousuf123
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May 30, 2018, 05:36:27 AM
 #137

Yes i agree with this to keep your bitcoin safe to those hacker this is the best need to do and to avoid hackers but i have also a suggestion that other way of offline bitcoin wallet just like what my friend using it almost same but it have a device that it same like flashdrive that have also a keys to open this hardware and also it is avoiding adds to keep your bitcoin safe.because I have my bitcoin case lost by the hacker. Secure your bitcoin as safe as you can.
putrii
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May 30, 2018, 05:43:23 AM
 #138

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.
mmo4me.2016
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May 30, 2018, 05:55:41 AM
 #139

In my opinion, using Mutisig wallet will be safer! By to confirm the transaction, we need more than one signature, This will be more secure! Of course, you must keep all private key carefully, if you lose any Private, you lose the ability to use Bitcoin!
mc.craigsvictor
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May 30, 2018, 06:05:52 AM
 #140

There are a lot of ways to store your bitcoin safely. You can store it in software wallets and also in the hardware wallets. Hard ware wallets are costly but is the best i think. you should use ledger nano S i think.
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