pilnenkii
Newbie
 Offline
Activity: 126
Merit: 0
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June 22, 2018, 08:02:50 AM |
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The best way to store bitcoins is to store them in a hardware purse or a paper purse. online wallets are always vulnerable and so many times have been hacked into history.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Dswaggers
Newbie
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Activity: 109
Merit: 0
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June 22, 2018, 08:22:23 AM |
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how about keeping multiple amounts at different wallets ?? it not what is meant by " don't keep all of your eggs in one basket" but you can think of it as a twisted way to apply this saying, you reduce the risk this way don't you think ??
One of the best way to store bitcoin safely is to keep it in your personal wallet with personal password and be sure your the only one who knows that wallet and password.. |
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Yatsan
Legendary
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Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
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June 23, 2018, 11:55:13 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  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  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  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 There are bitcoin wallets, both that comes in software and hardware variations which provides their own advantages and disadvantages. Trezor and Exodus are very cheap wallets that doesn't need registration or verification so anonymity is never an issue. But your investments are pretty much gone forever if you forgot your credentials. We have different wallets that we cant use. And the best way to store our bitcoin was put it there. What we need to do to become our bitcoin safe was never forget our private keys or anything that was connected to our wallet so that we can easily recover it. The safety of our bitcoin was depends on us on how careful we are on things like this. There are bitcoin wallets, both that comes in software and hardware variations which provides their own advantages and disadvantages. Trezor and Exodus are very cheap wallets that doesn't need registration or verification so anonymity is never an issue. But your investments are pretty much gone forever if you forgot your credentials. |
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yusupjatigumilar
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June 23, 2018, 12:11:43 PM |
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I think for security reasons the way you use can also be done, but if I think to be more practical and efficient you can simply by using metamask, so that more efficiently can be accessed anywhere and anytime, provided we can keep the password metamask safely
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Antonina
Jr. Member
Offline
Activity: 280
Merit: 1
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June 23, 2018, 12:15:03 PM |
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The best way to save bitcoyne is where you can download your personal wallet. I prefer to use it in coins. pH so you can safely store bitcoyne. Always keep a private key in a secure place to know that your wallets are not hacked
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NABiT
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June 23, 2018, 12:26:23 PM |
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To "store Bitcoin safely" I would go with Ledger or Trezor.
It's still down to you to store your private keys/24 word seed safely though.
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Gummybear67
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June 23, 2018, 12:34:18 PM |
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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 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 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 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 Well its hard to say that there is a 100% safe third party wallets, but I'm sure there are third party wallets out there that can be trusted. Also, I've red you're ways to be safe and for me, stay with that cause your ways is safe 😊 |
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gelaskopi
Member
Offline
Activity: 364
Merit: 10
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June 23, 2018, 12:48:30 PM |
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I don't think seriously for this. I don't have much coins in my wallet so that I only leave my asset in only a wallet since the beginning. I don't think others would hack my wallet though. But it would be a different story if I have a lot in my wallet. One thing for sure, you can invest your bitcoin than keeping yours in a storage.
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Otsu
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June 23, 2018, 01:15:33 PM |
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I think for security reasons the way you use can also be done, but if I think to be more practical and efficient you can simply by using metamask, so that more efficiently can be accessed anywhere and anytime, provided we can keep the password metamask safely
Well, there are a lot of options that can give security to our bitcoins like trezor, ledger, metamask or etc. But the question is, is it really secured like 100%? I mean, even if we have stored it in a most secured system, if it is in the online, there is still a possibilitu that oneday it can be hacked. |
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TitanGEL
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June 23, 2018, 01:20:48 PM |
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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 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 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 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 My advise for you is to store your bitcoins in trusted online wallets like coinbase and blockchain.info. There are many advantages and benefits that you can earn by storing your bitcoins in trusted bitcoin wallets. |
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szpalata
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June 23, 2018, 01:47:33 PM |
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I think for security reasons the way you use can also be done, but if I think to be more practical and efficient you can simply by using metamask, so that more efficiently can be accessed anywhere and anytime, provided we can keep the password metamask safely
Well, there are a lot of options that can give security to our bitcoins like trezor, ledger, metamask or etc. But the question is, is it really secured like 100%? I mean, even if we have stored it in a most secured system, if it is in the online, there is still a possibilitu that oneday it can be hacked. That is also why security isn't stagnant/permanent and it keeps upgrading and so with time better secured technologies will emerge that can better protect our bitcoins than the current ones and we will just be fine and flow with the trend. |
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botkiller
Newbie
Offline
Activity: 112
Merit: 0
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June 23, 2018, 03:06:45 PM |
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The best way you can do to store your Bitcoin is to use a hardware wallet or generate your own private key and print it on a piece of paper.
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emezh10
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June 23, 2018, 03:25:25 PM |
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I am a great fan of the hardware wallets when it comes to the safety point of view. There are multiple ways to store Bitcoins in offline wallets including paper wallet, hardware wallet etc. You can download the reputed paper wallet generator from GitHub and move it to any offline PC and generate paper wallets to store your funds offline. Alternatively, hardware wallet is another way which is more flexible to use.
Hardware wallet is best when it comes to efficient storing and faster way of having fund in terms of transaction. For me it is best to chose the suitable wallet for your field and transaction. If you are trading it is much easier to access on wallets that is built on exchanger to much easier manage your fund. It is not bad to have a multiple type of wallet depending on the way you would used your funds it is either holding or trading. |
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torontoconti
Member
Offline
Activity: 112
Merit: 10
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June 23, 2018, 08:08:24 PM |
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I suppose the best way is don't be jealous and buy a cold wallet like trezor and don't think about safety as you worry when your funds are on the virtual wallet or even on the exchange
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KingOfWinterfell01
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June 23, 2018, 09:32:10 PM |
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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 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 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 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 Well, my advice is, don't place everything in cold storage. You'l never know when will the damned thing will fail. At least place some on exchanges, online wallets, offline wallets, and even invest in a hardware wallet. It wouldn't hurt to be safe. |
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Abigail Asi
Jr. Member
Offline
Activity: 182
Merit: 2
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June 23, 2018, 09:49:28 PM |
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The best way to store bitcoin safely and secured is to get a hardware wallet.
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BellamyWilliams
Newbie
Offline
Activity: 74
Merit: 0
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June 24, 2018, 03:22:49 AM |
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I would recommend storing Bitcoin in a hardware wallet. I think almost all wallets available are safe and it only depends on your carelessness on exploiting your keys.
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Farrahyap27
Newbie
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Activity: 70
Merit: 0
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June 24, 2018, 03:34:32 AM |
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I highly suggest you get yourself an online wallet, if you're gonna carry around a huge amount of BTC then I'd suggest you try to keep it at maximum security, store you keys in the most private place you know and lastly keep it on a 2FA authorization to keep it more secured, and its very easy to use and transact. However if you do have enough money to buy a hardware wallet then I'll recommend you to buy yourself a Ledger Nano S wallet, out of all the hardware wallets I do think this is the most affordable wallet out of all hardware wallets out there, though this is definitely the best way to store your bitcoins.
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poletando
Full Member
Offline
Activity: 364
Merit: 100
PlayGame.com
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June 24, 2018, 03:37:59 AM |
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its the safe way to save your bitcoin using the bitcoin client in your computer, the main key to keep it safe is keep away from any suspicious hardware and keep away from internet, I believe that your bitcoin will safe in that computer for a very long time
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tanjiran
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June 24, 2018, 03:42:59 AM |
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I highly suggest you get yourself an online wallet, if you're gonna carry around a huge amount of BTC then I'd suggest you try to keep it at maximum security, store you keys in the most private place you know and lastly keep it on a 2FA authorization to keep it more secured, and its very easy to use and transact. However if you do have enough money to buy a hardware wallet then I'll recommend you to buy yourself a Ledger Nano S wallet, out of all the hardware wallets I do think this is the most affordable wallet out of all hardware wallets out there, though this is definitely the best way to store your bitcoins.
But do not use wallet exchange to keep all your assets, because it is quite dangerous. Quite a lot of hacking exchange cases. So only use wallet exchange when trading, after which you have to secure your assets back in a separate wallet. Well, wallet hardware is a very good suggestion. |
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