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Author Topic: Best way to store Bitcoin safely ?  (Read 2579 times)
bidadari22_
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July 09, 2018, 03:12:54 PM
 #661

Should Never save your password or keep your password in a place that can be reached or the same place. Do not share your identity, which can be used to hack your wallet. Never enter any untrustworthy or suspicious websites.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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romeo111
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July 09, 2018, 06:27:29 PM
 #662

There are many online offline and hardware wallet where you can keep your file safely so in this way you can store your bitcoin safely. 
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July 09, 2018, 06:54:55 PM
 #663

The safest way is to put your crypto currency on a cold wallet, have a few recovery files and take it all to the bank cell of a reliable European bank
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July 09, 2018, 07:31:03 PM
 #664

I suppose it depends on where you are presently on your crypto journey. I think the most secure ways IMO are hardware wallet or cold wallet.   Although i think that if you don't have or hold less than 1BTC, investing money to buy a hardware wallet might not necessarily be worth it at the time. However, if you hold a decent amount then you could buy a hardware wallet because it offers you added security of having to confirm every transaction on the token but additionally with PIN protection.  Some critics would say that hardware wallets are just extortionate USB drives (might have a point) but better to be safe than sorry.
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July 09, 2018, 07:43:42 PM
 #665

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
Thanks for the information, you are right keeping your bitcoin in a offline wallet is much safer and you can put it in aywhere you want.

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PelevaVika
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July 09, 2018, 08:10:26 PM
 #666

The best way to save it is to store it on your wallet, which is not on the Internet, but, for example, on a flash card. It is always convenient to carry with you, and it will be safe.
uroojausaf
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July 09, 2018, 08:22:23 PM
 #667

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.
Indra123
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July 11, 2018, 11:07:33 AM
 #668

If you do not want to invest then you can use Exodus desktop wallet, because this is another multicurrency wallet. Easy for you to use.
lehuyaxib1
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July 11, 2018, 11:27:21 AM
 #669

Blockchain wallet is also a safe wallet for bitcoin
Promipunit
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July 11, 2018, 03:24:13 PM
 #670

The best way to store Bitcoins is to keep them in a hardware wallet or a paper wallet. online wallets are availabe but  hacked so many times.
So, I suggest  that keep your BTC in a hardware wallet.
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July 11, 2018, 03:44:00 PM
 #671

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
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
main320
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July 11, 2018, 03:52:00 PM
 #672

Bitcoin digital currency turn out to be generally well known. Presently numerous individuals contribute here. So it is critical to store bitcoin securely. There are numerous approaches to store bitcoin securely. Work area wallet, equipment wallet, paper wallet are most sheltered approach to store bitcoin.Most of invester utilize these way.
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July 11, 2018, 03:58:39 PM
 #673

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.

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jurelmartin
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July 11, 2018, 05:17:51 PM
 #674

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
oni4an
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July 11, 2018, 05:43:15 PM
 #675

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?
Etherlevis128
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July 11, 2018, 05:50:46 PM
 #676

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.
deepakg2m
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July 11, 2018, 05:58:25 PM
 #677

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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timemedicos
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July 11, 2018, 06:24:30 PM
 #678

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
 #679

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
yamete kudasai
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July 11, 2018, 07:58:13 PM
 #680

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.
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