wallet securing !!

[Bitcoinsummoner]

We cover the easy/free/secure wallets for newbies

https://www.bestbitcoinbuyers.com/wallets/

These would all be approved by the bitcoin core team obviously and have been used by thousands of bitcoiners for years.

Then there are the more costly hardware wallets for those with more than a few dollars to secure on a device that costs $$$

Either is fine to use but for first timers it's super annoying trying to figure out how to just get bitcoin into a wallet and how it works to not lose it.

You cover for newbie of their wallet to make/keep secure so what will be others? What is the speciality of you? Why it is only for newbie? Why not for other, is there any specific reason behind it?

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[olabiyijummy02]

The best wallets in my opinion are the paper wallet and the hardware wallet.
This is because they are completely irresistible to hacking attempt unless your private keys are compromised which should be   stored safely in a cold storage.

[zhekinsp]

The best wallets in my opinion are the paper wallet and the hardware wallet.
This is because they are completely irresistible to hacking attempt unless your private keys are compromised which should be   stored safely in a cold storage.

I think this is already said at the very first reply on this thread.

ANy wallet which has private keys are completely secured only if you know how to keep those private keys safely.

[whotookmycrypto]

The best wallets in my opinion are the paper wallet and the hardware wallet.
This is because they are completely irresistible to hacking attempt unless your private keys are compromised which should be   stored safely in a cold storage.

Have to disagree. Paper wallets are unsafe.

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

The process users go through to generate the private keys for paper wallets exposes it to so many attack vectors. Eg. you have to print it out, but your printer has memory that may store your private keys even after printing. Unless you are an information security expert, don't bother with paper wallets.

[NeuroticFish]

Have to disagree. Paper wallets are unsafe.

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

The process users go through to generate the private keys for paper wallets exposes it to so many attack vectors. Eg. you have to print it out, but your printer has memory that may store your private keys even after printing. Unless you are an information security expert, don't bother with paper wallets.

No. With a properly written walk-through anybody can safely make paper wallets. If you are afraid of printer hacks you can reboot your printer, or print something else afterwards or simply write down the private key from your screen with a pen (yes, I know it's error-prone, but it's OK at least for sake of example...).

Also you are greatly exaggerating. Your example is as good as telling the cars are unsafe because some idiots drive them blindfolded.



Like the others, I also advise paper wallets as being on almost the same safety level as hardware wallets. (Airgapped cold wallets are safer though.)

[whotookmycrypto]

No. With a properly written walk-through anybody can safely make paper wallets. If you are afraid of printer hacks you can reboot your printer, or print something else afterwards or simply write down the private key from your screen with a pen (yes, I know it's error-prone, but it's OK at least for sake of example...).

Also you are greatly exaggerating. Your example is as good as telling the cars are unsafe because some idiots drive them blindfolded.

Like the others, I also advise paper wallets as being on almost the same safety level as hardware wallets. (Airgapped cold wallets are safer though.)

Would you mind pointing to one such properly written walk-through?

Don't feel that the example given was an exaggeration. There are many other issues with paper wallets that were mentioned in the wiki.

For those intending to use paper wallets, suggest you read this thread first.
https://twitter.com/aantonop/status/978279050438299650?lang=en

[NeuroticFish]

Would you mind pointing to one such properly written walk-through?

I think that this would be pretty good(*, **) https://99bitcoins.com/bitcoin-wallet/paper-wallet/ and it's the first result Google has returned.
You have to scroll down to part 3. Creating a paper wallet (advanced method, ultra secure)

(*) I think it doesn't mention about rebooting the printer or printing something else afterwards (or both), but on the other hand I didn't hear yet of any malware stealing paper wallets from printer's memory either (it may be too much effort and the results would be weak)
(**) I think it doesn't also mention about wiping that USB stick either, but that is an obvious, common sense move

Disclaimer: while I did use paper wallets, I've never was extreme about their security (not so big funds), so I didn't actually do all the steps myself.

[cizatext]

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

I don't believe the assertion that the security of a wallet can be determine by the transaction fees because the transaction fees are just charged when ever one is carrying out transaction on the wallet and it goes to the Miner's but if you can use a wallet that requires a second level security authentication it better and secured using such wallet.

[Cruxer]

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

as many stated above i confirm that transaction fee has nothing to do here, your best bet is hardware wallet, most secure but most expensive, i recommend here software wallets or online wallets
keep in mind you need to be able to secure enviroment with your software wallet

[steveabrahams]

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

Nope, it's not depend on transaction fees. My recommendation is electrum for desktop wallet, blockchain for online bitcoin wallet and myetherwallet for altcoins wallet or you can buy trezor to stored your coins for more safety.

[simthdw]

For hotwallet, choose wallet with good reputation and history. For large amount cyprto asset, use hardware wallet. Open source are better but not necessary.

Never use a new wallet with less than 2 year operation history, let other people do the testing for you:)

[chocolah29]

ANy wallet which has private keys are completely secured only if you know how to keep those private keys safely.

not at all, there are wallets that let's you hold private keys yet they are close source which is actually risky to hold funds. there are this so called 'back doors' in which any IT expert can be able to perform this.

[kkgfhj123]

how to choose a more secured wallet ??
is the secure of the wallet depending on transaction fees ??

Points that you need to focus while buying an wallet are:

• User Interface
• Physical Design
• Security
• Focus on "Expansibility"
• Back-up and Recovery
• After-sales support

https://coinswitch.co/news/trezor-wallet-review-2019-know-all-pros-and-cons

[zhekinsp]

ANy wallet which has private keys are completely secured only if you know how to keep those private keys safely.

not at all, there are wallets that let's you hold private keys yet they are close source which is actually risky to hold funds. there are this so called 'back doors' in which any IT expert can be able to perform this.

What they will do? Brute forcing the private keys is almost impossible right.

[Pmalek]

What they will do? Brute forcing the private keys is almost impossible right.

Back door meaning giving another party access to your keys which in combination with a keylogger of some sort can be deadly. I think that is what he meant. 

[whotookmycrypto]

What they will do? Brute forcing the private keys is almost impossible right.

Back door meaning giving another party access to your keys which in combination with a keylogger of some sort can be deadly. I think that is what he meant.  

Think what he is saying is that the code itself has backdoors that allow bitcoin to be stolen. Example: https://arstechnica.com/information-technology/2018/11/hacker-backdoors-widely-used-open-source-software-to-steal-bitcoin/

You could argue that close sourced is more risky. But open source also means that scammers have full access to the code and can readily identify vulnerabilities. This is one reason why Ledger does not open source all parts of its architecture.