5 Security Tips for Bitcoin Beginners

[LiteCoinGuy]

5 Security Tips for Bitcoin Beginners

Bitcoin makes moving money across the internet incredibly easy, but that ease comes with risks.

There are plenty of ways someone can take your money, track your spending, or violate your privacy.

Fortunately, there are also some straightforward measures you can take to safeguard your digital currency and keep your spending habits private. Here are our top five tips to protect your bitcoins:

http://www.coindesk.com/tips-keep-bitcoins-secure/

[e1we]

Thanks man. Helpful information.

[labelsino]

What will be the cause if we don't hide and protect our wallets?

Will we not face legal issues if we use different wallets?

[Gabi]

What will be the cause if we don't hide and protect our wallets?

Will we not face legal issues if we use different wallets?

"legal issues"? 

[torik]

When you send your bitcoin from your cold storage wallet to your active-spending wallet, one problem is that your cold storage wallet is technically no longer cold storage. I have about 15 empty wallets that were created using offline secure methods, and another one that currently acts as my cold storage wallet. Once I'm ready to spend money, I load the cold storage wallet and start spending. If anything is left over, I send the remaining balance to one of my other secure wallets, and throw away the old wallet.

[vagos]

this security meassures are recommended for any cryptocurrency right?

[McCave]

Thanks for the tips 

[Tim Suite]

Thank you, you're a gentleman and a scholar.

[bryan2402]

Read that article, that might save you someday.

[SWKineo]

Are exchange sites such as http://cryptsy.com a secure place to store funds, at least temporarily?

I've seen lots of warnings about online wallets, but I've never heard reports of BlockChain or CoinBase being hacked, so the seem pretty safe to me.

[Flashman]

A problem with any exchange site, and we've seen it with sites dealing in bitcoin securities and similar is that your BTC is not necessarily immediately available, for THEIR security they have to have the bulk of the BTC in offline cold wallets, or should do, and if you want to move more than a couple of BTC out at any given time, you may have to wait up to a week while the "request" is processed... meaning transferred out of the cold wallets (Or in the case of shonkier concerns, re-obtained) This also has bad consequences when there's any amount of concern about the exchange, or demand for BTC, a "run on the bank" can leave users waiting weeks for their BTC.

Then secondly, they are a huge target, they might have huge investment in security, or just think they're smarter than anyone else, but basically you are putting your BTC into somewhere that is under CONTINUAL attack... bad things can and have happened, look up inputs.io for an example.

[satosh007]

thank for all good tips and informations,
it was a good read,
i was just interested in  the "taint analysis" and why "blockchain.info" implemented such analyses ?
and who really benefit  from that data analysis
any further read sources will be appreciated.

[sichriden]

Thank you for the tips on security. Hopefully we can all remain safe.

[rubberduck]

ALWAYS enable 2FA for your online wallets, if possible.

[contro]

thanks : )

[MrPalmer]

Good thread/article.  Thanks!

[levski]

Thanks! Those are all good tips and information.

[Mastershake420]

All great tips. also having common sense and general awareness goes a long way, if it seems too good to be true, it probably is   

[spcae]

thanks for the info.

[windjk]

helpful tips. thank you very much