How to safely store your bitcoins?

[dotvibe]

         

         

by safeyourbitcoins.net

The answer is simple: "Keep your private key safe"

This means not to store Bitcoins and other cryptocurrencies (most of them) on:

1. Online wallets such as blockchain.info, xapo and similar. In general, all online services that store private keys in their.

2. Centralized exchanges, because an exchange is like a bank that all criminals want to rob. And sometimes the bank owners themselves arrange their own robbery, exposing themselves as victims.

3. Mobile applications - wallets. Until now, in Android and iOS, other applications downloaded from stores, and especially Apple and Google corporations, can access your data. Developments are underway in this direction, but there are no truly secure wallets yet.

4. Any systems that connect to the Internet. Especially on work PCs and laptops.

5. On wallets with closed source code.

6. Do not enter private keys in systems and software that you do not trust. The proper storage method for cryptocurrencies is called "cold storage".

This means storing private keys on devices that never connect to the network:

1. USB-flash

2. hardware wallet

3. paper wallet
 
In the next guide we will tell you how to send a pending transaction from a cold wallet.

[lukas_crypto]

What's the difference between "USB-flash" and "Hardware wallet"?

[nthere]

Safest way is hardware wallet, I think.
Because you don't even know your priv key while using hardware wallet.
All other options are risky because of this.

[geopard]

I always be it bitcoin or what other coin I always copy a desktop wallet on a flash drive. And the wallet itself is removed from the computer for the security of data theft.

[mk4]

What's the difference between "USB-flash" and "Hardware wallet"?

tldr; below just in case you're serious with your question
A USB Flash drive is your typical flash drive. A storage device for your photos, music, movies , files in general:



A hardware wallet is a device specifically made for a cold storage of cryptocurrencies. Do some research on the Ledger Nano S or the Trezor.

https://en.bitcoin.it/wiki/Hardware_wallet

[Davil]

All of them are good ways to store your bitcoins securely. Of course, there is always a certain grade of risk as it is for example with condoms, they never give the 100% effectivity, but the 99%-98% or something like that, basically because we humans are fallible.

This doesn't mean you won't fuck because of the possibility you get a disease or get someone pregnant. So go on with any of the methods described above and don't worry too much about it.

Of course, the same as you wouldn't fuck without a condom with some filthy whore you knew in some backstreet you shouldn't have your bitcoins in any exchange online, wallet online or whatever online who holds your keys for you

[dotvibe]

What's the difference between "USB-flash" and "Hardware wallet"?

Flash with installed OC Tails and encrypted storage. You can also use flash with hardware encryption. I'll post the guide later.

[dotvibe]

All of them are good ways to store your bitcoins securely. Of course, there is always a certain grade of risk as it is for example with condoms, they never give the 100% effectivity, but the 99%-98% or something like that, basically because we humans are fallible.

This doesn't mean you won't fuck because of the possibility you get a disease or get someone pregnant. So go on with any of the methods described above and don't worry too much about it.

Of course, the same as you wouldn't fuck without a condom with some filthy whore you knew in some backstreet you shouldn't have your bitcoins in any exchange online, wallet online or whatever online who holds your keys for you

Ahaha! Great comment!!! It's true.))))) Use bitcoins with condoms!

[Harlot]

Lauda already created a similar post which is already pinned in this sections, you can see the main points of what he talk about here and here, If you would still like to have your own guide I think improving what you have rather than showing some generic guide will be really helpful to a lot of members. Keep in mind that you still need to make your guide noob friendly as possible, as your readers are mainly for people who are starting in the Bitcoin world.

[dotvibe]

I always be it bitcoin or what other coin I always copy a desktop wallet on a flash drive. And the wallet itself is removed from the computer for the security of data theft.

I would suggest using a flash with hardware encryption, such as Kingston Datatraveler. And also encrypted the wallets, for example, using the KeePass.

[HeRetiK]

[...]

This means storing private keys on devices that never connect to the network:

1. USB-flash

2. hardware wallet

3. paper wallet
 
[...]

Don't forget that using an airgapped device is also an option -- that is, if you have an old laptop or PC lying around you could also use it for cold storage:

1) Install a fresh operating system (optimally Linux, which is generally more secure and usually less demanding on older hardware)
2) Create an offline wallet using Electrum (or Armory)
3) Never connect your refurbished device to the internet or any local network (optimally deinstall any network driver that may be installed)
4) Use your airgapped laptop or PC only to sign transactions and nothing else, transferring said transaction via USB or a similar medium onto your online system.


Caveat regarding using a bootable USB-Flash as airgapped operating system: Don't plug the stick in while your day-to-day operating system is still running; only use it as a boot medium

Caveat regarding paper wallets: Be aware that the private key is exposed as soon as you access the paper wallet. Which means that 1) don't reuse paper wallets and 2) only access your paper wallet on a device that isn't riddled with malware.

[mk4]

Lauda already created a similar post which is already pinned in this sections, you can see the main points of what he talk about here and here, If you would still like to have your own guide I think improving what you have rather than showing some generic guide will be really helpful to a lot of members. Keep in mind that you still need to make your guide noob friendly as possible, as your readers are mainly for people who are starting in the Bitcoin world.

But.. but.. muh merits..?

Jokes aside: Exactly. I mean, if you're going to make a guide of a similar topic, at least make something better lol. This was like it was made in 5 minutes just for OP to advertise his "bitcoin recovery" site. It's quite shady, too.

[Kakmakr]

A paper wallet might be one of the safest methods to secure your bitcoins, but a lot of things might go wrong if you do not create it in the correct manner and if you have a compromised system, when you sweep them to a online wallet. This is also very technical and most people will not manage to do this in the correct manner. <Air-gapped computer etc.>

I bought a very cheap second hand computer and printer and I printed 1000's of paper wallets for future use and then I physically destroyed, both the computer and the printer to erase all traces of my actions.    <Remember to print duplicate copies to store them in different locations>

[cyrax00777]

Of course, hardware wallets are the safest ones. You can read more regarding this subject in the link down below:
https://www.bitcanuck.ca/blog/blockchain/guarantee-safety-crypto-wallets/