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Author Topic: What is the most secure device to store Bitcoin?  (Read 350 times)
ranochigo
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February 25, 2021, 04:10:59 PM
 #21

I would suggest that you format your Notebook. Then, you can create two Users: A user without any admin privileges, just to use adult content. And another user account, with admin privileges, to use only for crypto with your hardware wallet.

This may mitigate some problems. However, the best thing is to avoid watching adult websites in the same device as you trade cryptocurrencies.
Privilege escalation attacks are not uncommon in malware and I would certainly always assume the worst case scenario with this.


Using them for suspicious website alone wouldn't probably infect you with malware if you're using a browser like Chrome. It has a sandbox that should reduce the risk factor.

Anyhow, unless you are able to separate your browsing activities from crypto, I can't see anything that would be foolproof. You can either use a LiveUSB for those or a different computer completely.

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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February 25, 2021, 04:16:20 PM
 #22

Everything can be hacked in this world no matter how hard you try to secure your device. You will just increase the security by some methods. I suggest you to use Ledger Nano wallet. Plus, Don't use your normal computer/mobile for storing your coins, in the case of emergency or if you don't want to spend too much money for offline wallets you can format your whole computer with Tails-OS and use it only for crypto and bitcoin stuff, nothing else. Specially, porn and adult content. Generally, use your own safe-computer if you don't want to buy a new offline wallet, otherwise I suggest you to buy a Ledger Nano.

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February 25, 2021, 04:29:30 PM
 #23

The most secure way is to store bitcoin is to learn programming, cryptography and make your own wallet  Grin


Or probably just develop your own program and encryption system no one has developed before or will easily understand.
And I wouldn't consider a hardware wallet that isn't open-source/transparent as most the most secure to store Bitcoin.
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February 25, 2021, 04:36:10 PM
 #24

Another way is to go to bitaddress.org. Go offline. Print out a paper wallet or a few if the amount is substantial and move them to safe locations. Bitcoin thieves are computer geeks and less likely to use brute force. Just don't tell anybody about where you store them.
I don't know why are you suggesting creating a paper wallet where OP has bought a hardware wallet and asking for a suggestion which would be safer to store his assets. Isn't a hardware wallet safer than a paper wallet? There is always a risk to get a phishing attack during generate a paper wallet.

@OP, you may use any reputed hardware wallet like Ledger or Trezor. I have been using Ledger for a long time and didn't face any issue yet even I had stored a big amount. Always keep in mind, if you can't keep safe your device, seed phrase, and private keys then you aren't safe, doesn't matter which wallet you have been using. Just secure all these things and use a hardware wallet to secure your funds.

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February 25, 2021, 06:30:02 PM
 #25

I think you can use for storing that device  which you do not usually use in another network like riskfull websites. Or you can format of your riskfull files. That can also harmfull for your store. You can used nano ledger for storing on device. It is safe and secured for storing your BTC and another coin.

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February 25, 2021, 07:06:41 PM
 #26

I would suggest that you format your Notebook. Then, you can create two Users: A user without any admin privileges, just to use adult content. And another user account, with admin privileges, to use only for crypto with your hardware wallet.

This may mitigate some problems. However, the best thing is to avoid watching adult websites in the same device as you trade cryptocurrencies.
Privilege escalation attacks are not uncommon in malware and I would certainly always assume the worst case scenario with this.


Using them for suspicious website alone wouldn't probably infect you with malware if you're using a browser like Chrome. It has a sandbox that should reduce the risk factor.

Anyhow, unless you are able to separate your browsing activities from crypto, I can't see anything that would be foolproof. You can either use a LiveUSB for those or a different computer completely.
Creating two user on a computer, using live USB or chrome is not completely save and it is better to use a different computer entirely.
Having said that, chrome is not the only browser that reduce risk factor cause Mozilla firefox does either and it also increases anonymity level unlike chrome that's auto WebRTC integrated.

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February 25, 2021, 07:08:11 PM
 #27

Using hardware wallet is good, Before installing it on your system don't forget to reset your system and setup your laptop with an updated version of OS.
If you have to visit those website then there might be possibility infected by malware. You can use antivirus but sometimes antivirus is not enough to prevent latest malware.
So, It is better to use a separate device with secure connection for your cryptocurrency. I always use two device, one for doing my daily activities and another one is for crypto and forum related work.

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February 25, 2021, 07:22:25 PM
 #28

~
Well they're all hardware wallets, but since you mentioned that those devices you mentioned are infected with viruses, you're better off doing clean install with your laptop. Though it's not a malware, I would still do it for security. Or use live os.
In your smartphone, not sure if you're using Android or Apple device but I would consider either factory reset or reflashing stock rom.
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February 25, 2021, 07:34:42 PM
 #29

I would suggest that you format your Notebook. Then, you can create two Users: A user without any admin privileges, just to use adult content. And another user account, with admin privileges, to use only for crypto with your hardware wallet.
It is best to have the bitcoin storage on a device that has never been connected to any networks and will never be connected either. A fully offline airgap computer. Otherwise the connected to internet device is already at risk whether user goes to risky sites or not.
But your suggestion is still good to create a hot wallet with small spending amounts in it.
Is it possible to hold bitcoin in a wallet and never need internet for its transaction?

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February 26, 2021, 02:18:54 AM
 #30

Creating two user on a computer, using live USB or chrome is not completely save and it is better to use a different computer entirely.
Having said that, chrome is not the only browser that reduce risk factor cause Mozilla firefox does either and it also increases anonymity level unlike chrome that's auto WebRTC integrated.
It's pretty obvious that nothing is absolutely safe and not everyone can get a new computer specifically just for a specific use. Using a LiveCD would be fairly secure in the sense that only persistent rootkits would be able to infect it. It's more of a middle ground for OP.

Chrome is better than Firefox in terms of it's malware protection due to it's design. Anonymity should not be an issue here; OP is asking for security advice, nothing about privacy. If privacy is your concern, you should be looking at a browser that is privacy oriented, ie. Tor, Brave. Firefox is not designed for privacy without any specific modifications.

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February 26, 2021, 06:32:07 AM
 #31

Is it possible to hold bitcoin in a wallet and never need internet for its transaction?

If you mean sending funds: you need internet connection to send out your money.

If you mean receiving funds: no, you don't need internet connection. All you need is your bitcoin address, and you can receive as much transactions as you want even if your device(computer/phone/hardware wallet) is turned off.

Not sure why you're asking this question just now though.. but yea..


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February 26, 2021, 08:55:27 PM
 #32

Is it possible to hold bitcoin in a wallet and never need internet for its transaction?

If you mean sending funds: you need internet connection to send out your money.



I know it is possible to sign a transaction in an offline environment. Then you move that singed transaction to another computer (which is online) and use that second compute just to broadcast it.

I never did it  , but I know it is possible.

Then your private keys would never touch an online environment.  The problem is that the USD device to move the signed transaction might be a vector as well.

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February 27, 2021, 11:48:49 AM
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 #33

Then your private keys would never touch an online environment.  The problem is that the USD device to move the signed transaction might be a vector as well.
The USB?

Using a QR code might be better for this, it's like a one-way communication and would give a true airgap setup. I think there is some limits to the size of the transaction, but that shouldn't be of a concern. If it gets too large, then you can just use multiple QR codes to stitch it together or use a different encoding. Electrum uses base43.

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February 27, 2021, 03:23:17 PM
 #34

Creating two user on a computer, using live USB or chrome is not completely save and it is better to use a different computer entirely.
Having said that, chrome is not the only browser that reduce risk factor cause Mozilla firefox does either and it also increases anonymity level unlike chrome that's auto WebRTC integrated.
It's pretty obvious that nothing is absolutely safe and not everyone can get a new computer specifically just for a specific use. Using a LiveCD would be fairly secure in the sense that only persistent rootkits would be able to infect it. It's more of a middle ground for OP.

Chrome is better than Firefox in terms of it's malware protection due to it's design. Anonymity should not be an issue here; OP is asking for security advice, nothing about privacy. If privacy is your concern, you should be looking at a browser that is privacy oriented, ie. Tor, Brave. Firefox is not designed for privacy without any specific modifications.
I agreed with you about the live C, chrome protection against malware and Firefox specific setting for privacy but Firefox don't auto save user data like chrome and it also the best browser use for VPN. Brave also auto enable WebRTC and it a project emulated from Chrome i don't trust it privacy this day when some flaw was detected.
Having said that, people can still get both privacy and security online through Firefox browser just by you install malwarebytes which will block trackers, ads, and also block malicious website/content on Firefix through the addon link.

ololajulo
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February 28, 2021, 06:49:29 PM
 #35

It is best to have the bitcoin storage on a device that has never been connected to any networks and will never be connected either. A fully offline airgap computer. Otherwise the connected to internet device is already at risk whether user goes to risky sites or not.
But your suggestion is still good to create a hot wallet with small spending amounts in it.
This was the post that prompted the question? it was rhetoric.



Not sure why you're asking this question just now though.. but yea..
I wish you didnt attach such sarcasm. especially when you didnt read the content of the previous post.

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