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maxman190 (OP)
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January 16, 2014, 11:48:48 PM |
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Please move this topic to the correct section if this is not the right place.
Alright, so I've been reading some threads saying they got their wallet hacked from blockchain and/or local wallet. Paper wallet isn't an option for me because I lose every single paper I own.... How safe is the 2-factor authentication? Can it be hacked somehow? Is it possible to store the wallet into a flash drive? Because I can just put it on my flash drive and keep it in my safe.
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U1TRA_L0RD
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Activity: 126
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CAUTION: Angry Man with Attitude.
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January 17, 2014, 12:12:23 AM |
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You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
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Alienwalkerx
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January 17, 2014, 12:30:41 AM
Last edit: January 17, 2014, 01:49:37 AM by Alienwalkerx |
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Safest way is to encrypt your wallet with a strong password and store it offline, so you are correct in thinking you can store the wallet.dat on a USB flash drive. Be sure to make more than one backup of your wallet if you plan on storing long term - you never know if the USB drive will stop working after 3 years, or your house burns down, taking your safe contents with it. I have an online wallet for everyday spending, and an offline wallet for long term savings, with my wallet.dat backups on USB drives I have stored in different places. 2 Factor-Authentication is good, but this still relies on you using a 3rd party service to keep your funds safe, and is still connected to the internet. If you are really paranoid you can Truecrypt your USB drive with a long passphrase, as well as encrypting your bitcoin wallet through the bitcoin client. wallet location: Windows XP: C:\Users\[USER]\%APPDATA%\Bitcoin\ Windows 7/Vista: C:\Users\YourUserName\Appdata\Roaming\Bitcoin Linux: ~/.bitcoin/ Mac: ~/Library/Application Support/Bitcoin/ further reading; https://en.bitcoin.it/wiki/Securing_your_walletHope this helps, Alienwalkerx |
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Alienwalkerx
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January 17, 2014, 12:31:00 AM
Last edit: January 17, 2014, 01:52:06 AM by Alienwalkerx |
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You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this. It's like locking your door but leaving the key in the lock. |
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token5gtd
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January 17, 2014, 12:37:10 AM |
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Paper or other cold storage wallet with encrypted private key stored in a safety deposit box at your bank.
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maxman190 (OP)
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January 17, 2014, 12:43:10 AM |
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When I want to import the wallet.dat file into the local wallet, how do I do that? I don't see any import options.
I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
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Alienwalkerx
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January 17, 2014, 01:46:47 AM |
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When I want to import the wallet.dat file into the local wallet, how do I do that? I don't see any import options.
I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
To import your wallet back into your client, you need to copy your wallet.dat into the right folder and then open the bitcoin client, which OS do you use? wallet location: Windows XP: C:\Users\[USER]\%APPDATA%\Bitcoin <-- you would paste your wallet.dat into this folder for example. Windows 7/Vista: C:\Users\YourUserName\Appdata\Roaming\Bitcoin <-- you would paste your wallet.dat into this folder for example. Linux: ~/.bitcoin/ Mac: ~/Library/Application Support/Bitcoin/ |
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maxman190 (OP)
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January 17, 2014, 01:48:10 AM |
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When I want to import the wallet.dat file into the local wallet, how do I do that? I don't see any import options.
I have like 5 spare 128MB flash drive laying around. I'll just put a copy of each file into each and write down the password on a paper and lock it in my safe as well.
To import your wallet back into your client, you need to copy your wallet.dat into the right folder and then open the bitcoin client, which OS do you use? wallet location: Windows: C:\Users\[USER]\%APPDATA%\Bitcoin <-- you would paste your wallet.dat into this folder for example. Linux: ~/.bitcoin/ Mac: ~/Library/Application Support/Bitcoin/ Ah, very simple. Thanks. |
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Alienwalkerx
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January 17, 2014, 01:49:11 AM |
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updated post to reflect proper operating system data locations.  |
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empoweoqwj
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January 17, 2014, 04:54:27 AM |
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Please move this topic to the correct section if this is not the right place.
Alright, so I've been reading some threads saying they got their wallet hacked from blockchain and/or local wallet. Paper wallet isn't an option for me because I lose every single paper I own.... How safe is the 2-factor authentication? Can it be hacked somehow? Is it possible to store the wallet into a flash drive? Because I can just put it on my flash drive and keep it in my safe.
If you've got a safe put the paper inside the safe? Can you really lose that?  |
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U1TRA_L0RD
Full Member
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Activity: 126
Merit: 100
CAUTION: Angry Man with Attitude.
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January 17, 2014, 06:32:51 AM |
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You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this. It's like locking your door but leaving the key in the lock. Ugghmm?? |
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empoweoqwj
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January 17, 2014, 09:31:55 AM |
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You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this. It's like locking your door but leaving the key in the lock. Ugghmm?? I think he means if the flash drive is stolen, the thief instantly has both the password and password wallet. |
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1011
In Satoshi I Trust
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January 17, 2014, 07:17:26 PM |
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Safest way is to encrypt your wallet with a strong password and store it offline, so you are correct in thinking you can store the wallet.dat on a USB flash drive.
Be sure to make more than one backup of your wallet if you plan on storing long term - you never know if the USB drive will stop working after 3 years, or your house burns down, taking your safe contents with it.
I have an online wallet for everyday spending, and an offline wallet for long term savings, with my wallet.dat backups on USB drives I have stored in different places.
2 Factor-Authentication is good, but this still relies on you using a 3rd party service to keep your funds safe, and is still connected to the internet.
If you are really paranoid you can Truecrypt your USB drive with a long passphrase, as well as encrypting your bitcoin wallet through the bitcoin client.
thats it . encrypt it and use a usb stick. and only use high quality usb sticks and more than one. you can also safe it on a cd. some people love paper wallets. you can google that too. |
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maxman190 (OP)
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January 17, 2014, 08:21:17 PM |
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Crazy idea, what if I just store it on a microSD and wrap it in thin silicone sheet. Then, cut a small incision on my skin and shove the SD underneath the skin... (Got this idea after watching Con Air)
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R2D221
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January 17, 2014, 09:53:55 PM |
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Crazy idea, what if I just store it on a microSD and wrap it in thin silicone sheet. Then, cut a small incision on my skin and shove the SD underneath the skin... (Got this idea after watching Con Air)
It's not as simple as that. The SD could move and get stuck under your skin so you couldn't retrieve it (unless of course if you do another incision, but that's too much harm, at least for me). |
An economy based on endless growth is unsustainable.
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U1TRA_L0RD
Full Member
Offline
Activity: 126
Merit: 100
CAUTION: Angry Man with Attitude.
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January 18, 2014, 03:42:56 AM |
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You can keep your wallet in a flash drive and make sure you also put the wallet password in a text document inside the drive as well.
Er..Never do this. It's like locking your door but leaving the key in the lock. Ugghmm?? I think he means if the flash drive is stolen, the thief instantly has both the password and password wallet. It seems a bit extreme considering if it gets stolen, who would know about bitcoins, Just store some porn in there, and mix the wallet with the porn, and hide it god around your house simple as that  |
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R2D221
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January 18, 2014, 05:04:11 AM |
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I think he means if the flash drive is stolen, the thief instantly has both the password and password wallet.
It seems a bit extreme considering if it gets stolen, who would know about bitcoins, Just store some porn in there, and mix the wallet with the porn, and hide it god around your house simple as that Yes, but what if someone steals it knowing there are bitcoins in there? I think everyone should take precautions even if most people don't know about Bitcoin (yet). |
An economy based on endless growth is unsustainable.
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empoweoqwj
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January 18, 2014, 10:25:17 AM |
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How many coins has the OP got? The security precautions should be in proportion to the value he is protecting.
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maxman190 (OP)
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January 18, 2014, 06:05:55 PM |
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How many coins has the OP got? The security precautions should be in proportion to the value he is protecting.
I'm not comfortable about answering that. It's like going up to a stranger in the streets and asking how much they have/make. |
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empoweoqwj
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January 19, 2014, 03:46:18 AM |
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How many coins has the OP got? The security precautions should be in proportion to the value he is protecting.
I'm not comfortable about answering that. It's like going up to a stranger in the streets and asking how much they have/make. Fine, no problem. Sounds like you have a lot then If so, stick them in your safe |
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