Kokosek (OP)
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March 30, 2014, 11:57:48 AM |
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I bought some BTC few months ago when price was (in drop to) ~700$.. I want to keep them safe for few years and then maybe sell. Till now I keep my BTC on android device with Bitcoin Wallet. I did printout my private keys too. But I know that this is not a safest way to do it, as my device was already online during this process. What you suggest? Thanks
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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cr1776
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March 30, 2014, 12:19:26 PM |
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I bought some BTC few months ago when price was (in drop to) ~700$.. I want to keep them safe for few years and then maybe sell. Till now I keep my BTC on android device with Bitcoin Wallet. I did printout my private keys too. But I know that this is not a safest way to do it, as my device was already online during this process. What you suggest? Thanks Create a paper wallet offline, probably bip38. Then transfer your coins to these new addresses. Store a copy in a safety deposit box or somewhere off site too.
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skyrunner
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March 30, 2014, 01:15:13 PM |
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come on this is development discussion
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roslinpl
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March 30, 2014, 02:48:20 PM |
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come on this is development discussion
You think so? For me this is Technical Discussion and as I know this sub channel is called " Development & Technical Discussion " so this thread IMO is placed just right. And what about my answer @ "Best way to keep my Bitcoins safe?" offline wallets - but I must say I don't know which "offline wallets" service is the best. Maybe some more experienced members will tell us some more. My question to more experienced members: is this good way to make offline wallet? >> https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet <<
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Kokosek (OP)
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March 30, 2014, 03:11:13 PM |
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Thanks for responds. It would be nice if someone could explain how to make offline wallet step by step and which offline wallet will be the best option.
Cheers
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captainblack
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March 30, 2014, 04:16:40 PM |
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Do you really think it's a good idea to to keep them safe for few years?
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Kokosek (OP)
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March 30, 2014, 04:25:29 PM Last edit: March 30, 2014, 05:04:24 PM by Kokosek |
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Do you really think it's a good idea to to keep them safe for few years?
Why not? Do you have something special on your mind?
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E.exchanger
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March 31, 2014, 12:53:46 AM |
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OK i'll give you a glance of what you need in order to stay protected :
Be careful with online services
keep only small amounts of bitcoins on your computer, mobile, or server for everyday uses and to keep the remaining part of your funds in a safer environment.
Backup your wallet
Encrypt online backups
Use many secure locations for backups
Multi-signature to protect against theft
As of today, no hardware wallet has entered in production but they are coming soon: Trezor ButterflyLabs BitSafe
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ffe
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March 31, 2014, 05:10:44 AM |
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One thing I've done is move a small amount of bitcoin to my new offline wallets and wait a month. This is a honeypot and if anyone has somehow compromised my wallet generation process they would be tempted to drain the wallets.
After a while, with my wallets securely offline the whole time, if no one has touched my wallets I move the bulk of what I want to store to them.
Just another take on the process.
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Kokosek (OP)
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March 31, 2014, 11:43:00 AM |
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Thank you for all advices. I guess I have a lot to learn about BTC
Cheers
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ronjon2000
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March 31, 2014, 07:31:23 PM |
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Thank you for all advices. I guess I have a lot to learn about BTC
Cheers
Thanks for the question. I've been wondering the same thing.
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roslinpl
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March 31, 2014, 07:55:10 PM |
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Maybe this should be pinned ? I must say there are so many threads where those things were mentioned, but here solutions are quite clear and I must say my favorite one is: This makes things very clear. And sources are trusted and provable.
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jl2012
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April 01, 2014, 07:29:01 AM |
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come on this is development discussion
You think so? For me this is Technical Discussion and as I know this sub channel is called " Development & Technical Discussion " so this thread IMO is placed just right. And what about my answer @ "Best way to keep my Bitcoins safe?" offline wallets - but I must say I don't know which "offline wallets" service is the best. Maybe some more experienced members will tell us some more. My question to more experienced members: is this good way to make offline wallet? >> https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet << Yes, I think so. This section is for "Technical discussion about Satoshi's Bitcoin client and the Bitcoin network in general. No third-party sites/clients, bug reports that do not require much discussion (use github), or support requests."
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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Kokosek (OP)
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April 01, 2014, 03:57:35 PM |
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come on this is development discussion
You think so? For me this is Technical Discussion and as I know this sub channel is called " Development & Technical Discussion " so this thread IMO is placed just right. And what about my answer @ "Best way to keep my Bitcoins safe?" offline wallets - but I must say I don't know which "offline wallets" service is the best. Maybe some more experienced members will tell us some more. My question to more experienced members: is this good way to make offline wallet? >> https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet << Yes, I think so. This section is for "Technical discussion about Satoshi's Bitcoin client and the Bitcoin network in general. No third-party sites/clients, bug reports that do not require much discussion (use github), or support requests." Sorry then for my mistake. I can`t find here any option to change it so now probably only moderators can make it.
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jl2012
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April 01, 2014, 04:03:07 PM |
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come on this is development discussion
You think so? For me this is Technical Discussion and as I know this sub channel is called " Development & Technical Discussion " so this thread IMO is placed just right. And what about my answer @ "Best way to keep my Bitcoins safe?" offline wallets - but I must say I don't know which "offline wallets" service is the best. Maybe some more experienced members will tell us some more. My question to more experienced members: is this good way to make offline wallet? >> https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet << Yes, I think so. This section is for "Technical discussion about Satoshi's Bitcoin client and the Bitcoin network in general. No third-party sites/clients, bug reports that do not require much discussion (use github), or support requests." Sorry then for my mistake. I can`t find here any option to change it so now probably only moderators can make it. This is not completely your mistake. The name is misleading. I propose to change to a more proper name but no one is listening to me
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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jetspot
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April 01, 2014, 04:49:03 PM |
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keep only small amounts of bitcoins on your computer, mobile, or server for everyday uses and to keep the remaining part of your funds in a safer environment.
Keep only a small amount of money in your checking/Paypal account for everyday uses. Keep all else in a safe environment like a separate account or as cash in your mattress. If you think of Bitcoin the same way you would think about your money 10 years ago, the same safeguards apply.
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