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Author Topic: Where to store your keys?  (Read 1696 times)
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December 15, 2021, 03:27:18 PM
 #141

I have to spread it to multiple wallets addresses for more anonymity and safety.
Investing outside crypto is also the best idea, we even use it to grow our money as holding doesn't give us any but just risk.

Another option is that if there is a bank that will accept Bitcoin, I come to visit and deposit some of my Bitcoin even it require KYC (that for sure it was been asked because of its amount).

Anyway, what makes it important is we know what As to keep it secret will add safety.
There are currently no banks that accept Bitcoin for deposit. There are many ways that can be done without the need to rely on third parties such as banks.
Keeping a personal wallet containing bitcoin or other assets secret will indeed increase security, because there is no publicity about ownership of the wallet.
Anonymity is very important to avoid evil that could be stalking the owner of the wallet.

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December 23, 2021, 05:39:55 PM
 #142

I have to spread it to multiple wallets addresses for more anonymity and safety.
Investing outside crypto is also the best idea, we even use it to grow our money as holding doesn't give us any but just risk.

Another option is that if there is a bank that will accept Bitcoin, I come to visit and deposit some of my Bitcoin even it require KYC (that for sure it was been asked because of its amount).

Anyway, what makes it important is we know what As to keep it secret will add safety.

That is called "redundancy" and it's vital to ensuring the safety of our hard-earned Bitcoins. It's all a matter of making multiple copies of your wallet to help preserve it for generations. The most secure way to do this is by creating multi-signature wallet where funds can only be spent if multiple parties (in this case, family members) sign the transactions with their corresponding private keys. For a family of 4, you can make a multi-sig wallet that would require 2 out of 4 keys in order to unlock it. If something happens to you, other family members can still access the funds with their keys. There are so many ways to help secure your Bitcoin limited to your own imagination. Large amounts of Bitcoin must be well-secured especially when hackers, scammers, and thieves are on the rise. As long as you follow the necessary security precautions, you'll have nothing to worry about. Just my opinion Smiley

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December 23, 2021, 05:59:37 PM
 #143

Storing keys is the major problems faced by everyone nowadays.
Every one says to store them at a safe but where actually the safe place lies? The safe place is actually safe until someone gets access to it .
I think keys must be stored in the word or Excel files and then these files must be stored in different places which must be more than one. So in case if you lose keys from one device then a copy of these must be lying somewhere else safe and sound....

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December 23, 2021, 06:30:32 PM
 #144

right now, i'm store my private key on the flash drive, and my flash drive are save at my personal safe, and i think, it very safe, but another people say saving the private key on the hardware wallet, hardware wallet is the best choices if you have more money to buy it, because it working offline and you need to access it with your password / biometric
Agree it is the best to have it online and offline. I think dont just store it only in the flashdrive have a hard copy on it like youve wrote it in the paper since we dont know if the flashdrive will got corrupted or loss . The best is to have a lot of copy just to be sure you will have access to it but make it secured also because we cant trust all people
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December 23, 2021, 07:59:38 PM
 #145

right now, i'm store my private key on the flash drive, and my flash drive are save at my personal safe, and i think, it very safe, but another people say saving the private key on the hardware wallet, hardware wallet is the best choices if you have more money to buy it, because it working offline and you need to access it with your password / biometric
Agree it is the best to have it online and offline. I think dont just store it only in the flashdrive have a hard copy on it like youve wrote it in the paper since we dont know if the flashdrive will got corrupted or loss . The best is to have a lot of copy just to be sure you will have access to it but make it secured also because we cant trust all people
When you do have lots of coins then it would be sensible on having those options but if not much then it wouldnt really be not much needed but if you do really mind much about security then you could really take this

option and as long you do have that common sense and awareness or been doing with just the basics then you would be still putting yourself into safer spot.Just like me on which i havent really make use of HW
or anything as long you do keep your keys on the sweet spot then you wouldnt really be bothering yourself about getting scammed or hacked.
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December 23, 2021, 08:50:13 PM
 #146

Anything more than probably 5BTC is worse considerable effort to keep it secure as hell. You can split up your seed to different locations. You could engrave your seed on a bar of metal & bury it in concrete in your garage. You can get inventive, if you don’t want somebody to know you have something or find it then you will find a way to keep it secure.

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December 23, 2021, 09:33:07 PM
 #147

right now, i'm store my private key on the flash drive, and my flash drive are save at my personal safe, and i think, it very safe, but another people say saving the private key on the hardware wallet, hardware wallet is the best choices if you have more money to buy it, because it working offline and you need to access it with your password / biometric
Agree it is the best to have it online and offline. I think dont just store it only in the flashdrive have a hard copy on it like youve wrote it in the paper since we dont know if the flashdrive will got corrupted or loss . The best is to have a lot of copy just to be sure you will have access to it but make it secured also because we cant trust all people
When you do have lots of coins then it would be sensible on having those options but if not much then it wouldnt really be not much needed but if you do really mind much about security then you could really take this

option and as long you do have that common sense and awareness or been doing with just the basics then you would be still putting yourself into safer spot.Just like me on which i havent really make use of HW
or anything as long you do keep your keys on the sweet spot then you wouldnt really be bothering yourself about getting scammed or hacked.
Sometimes people are already become too paranoid when it comes to security thats why even they do hold a small amount of coins they are really minding about on how to protect it
and i agree into your point that as long you are using your own common sense then you wont be easily be facing up problems.
Just be sure on using non custodial ones and if you are involved with trading then only deposit on the amount which you do make active trades
and dont ever make it as a main storage of your coins.

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December 23, 2021, 10:24:05 PM
 #148

Keys are very important and the main problem it how to saev it,If any HOLD more than 100 BTC it is big threat for him or her to save for it.While the vaults and physical wallets improve the technology in other hand the Hckers ar using latest technology to reach the wallets.So Hardware wallets are more secure than the onlne,Care about your keys write down on papers and save papers in physiocal valults.

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December 24, 2021, 01:27:42 AM
 #149

If I had that many bitcoins I would keep my keys in a private vault and keep my safe. Where to enter a room with a safe, I will give you a personal password that only I can access, for example a password with my voice.

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December 24, 2021, 04:16:46 AM
 #150

I personally have all my keys offline and have my funds scattered different wallets and also across hardware wallet, with just my wife knowing the secret place. I don't think I can trust a third party with the safe keeping of my keys.
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April 02, 2022, 05:30:33 PM
 #151

Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick?

Using vault to lock a key is also known key within a key. Which is also good to keep crypto (Bitcoin) key. But device is unpredictable which can be spoiled or damage at anytime. There are many places one can keep or store his Bitcoin key or password. You can store your password in your heart or brain, a sheet of paper, note book, email, your wife or daughter, another phone, desktop, laptop (PC) etc. But I believe the best place to store crypto currency (Bitcoin) key or password is your brain and a jotter. In the jotter or note book, if in case you forget the key in your brain, you can easily get it the hardcopy store (jotter or note), to access your wallet.

In addition, you can also tell your son, daughter or wife so in case you pass away, they can withdraw the funds from the wallets and use.

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April 02, 2022, 06:41:10 PM
 #152

I dont have much, but I hold my private key in a text file on desktop, and have some 2FA QR code picture in my email as a draft message.
Havent been hacked yet (but now probably a great hunt will begin). I have M1 macbook. Have been accessing email only from mac, have been accessing walling only from this mac. I fully trust mac, testing how long will my defence last.

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April 02, 2022, 08:42:26 PM
 #153

Didn't have to go further bothering myself much over storing mine,I just wrote down my keys in 3 different places and I stored it in a fireproof save in an underground house, where it is only accessible to my brother and I but in a case where I had 2000 Bitcoin, I would prefer to store it in a safer and secured place like ledger nano wallet and other most secure wallet.

R


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Hamphser
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April 02, 2022, 09:22:13 PM
 #154

I dont have much, but I hold my private key in a text file on desktop, and have some 2FA QR code picture in my email as a draft message.
Havent been hacked yet (but now probably a great hunt will begin). I have M1 macbook. Have been accessing email only from mac, have been accessing walling only from this mac. I fully trust mac, testing how long will my defence last.
As long its airgapped or a device that seldom been connected to internet then i would see it fits when it comes to security but the main problem of yours on here is that you would really be having the possibility

of hardware error or problems/issues since we dont know on when that Mac would stop working.Try to make out some back up write ups in case that mac would fail on which you wouldnt have the risk

on losing those assets/coins of yours.Having several back up isnt a bad idea as long you are securing it on other peoples awareness or exposure then you should be fine.

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kamilah147
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April 02, 2022, 09:44:35 PM
 #155

There's no need to prepare an anti-nuclear safe, and the amount you say is too much. However, if indeed I have as much Bitcoin as you say. In the event of a nuclear attack, I'm also not sure if I'll still be able to see my Bitcoins. Because nuclear power can make humans die in an instant. Try to think realistically, these keywords are very easy for us to save in our personal software or Gmail. And we can also remember it by memorizing keywords.

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SmallDoggy
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April 03, 2022, 12:31:37 PM
 #156

I like these ideas, especially the good ole' written on metal and buried. Another idea/option is to write some kind of software that encrypts the keys, into something that looks common like a phone book with numbers, then can decrypt it back. That software can be hosted somewhere that is easy to retrieve.
Kimonoe
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April 03, 2022, 02:22:19 PM
 #157

it seems too hard to choose such a high level of security, I think breaking into several wallets and storing the keys in a safe place like google drive is enough. but we can't blame the people who use their services, because there are people who prioritize the security of their assets even though they incur high costs, but they are worth the nominal they save. Anticipatory steps need to be used to avoid things that are not desirable

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Stalker22
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April 03, 2022, 03:27:29 PM
 #158

it seems too hard to choose such a high level of security, I think breaking into several wallets and storing the keys in a safe place like google drive is enough.
~

How do you know your keys are safe and secure in cloud storage? It might seem that the cloud makes things more secure, but the reality is quite different.

The cloud can be hacked and data is only as secure as the company that stores it, and only as secure as the encryption algorithms that are used to lock your data. Think about it like this: a hacker hacks into a cloud storage provider, gains access to all of the customer data that the company holds, and the only way to prevent this from happening is to avoid storing the data in the cloud in the first place.

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poonam8288
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April 05, 2022, 03:31:19 PM
 #159

If I really had such a valuable bitcoin, I would take all precautions. I never give my asset to anyone else, like other third party. And I will not keep this bitcoin in any one place. I will take it to a good exchange and a good address by splitting it into several separate hardware wallets as well as its sections. Then I have a responsibility to protect his words. I will plan for it in time and keep it in a proper place. And keep the information to two or three people close to me so that it is preserved.

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April 05, 2022, 03:40:35 PM
 #160

I store the keys in the book I usually use, then I take a photo of the keys and I save it on one drive with a different title and it won't interest people, of course I set the private image to be safe. and until now this simple technique has worked because the bitcoin balance I have is still safe.
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