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Author Topic: Security Methods for Bitcoin Service Providers.  (Read 8575 times)
BitcoinFX
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March 11, 2010, 04:14:55 AM
 #1

In addition to 'best computing practices' and network security I wanted to share a simple method that I will be using to securely store and safeguard my 'customers' Bitcoins.

As well as, the usual back-up of the wallet.dat, encryption, regular system patching / updates and having a good firewall etc, etc...

I realized that I don't need to 'store' the Bitcoins at the Bitcoin address that is (a) managing transactions (b) generating more Bitcoins and which, therefore, is 'online' 24/7 and 'open' to a potential attacker.

A 2nd 'offline' machine with Bitcoin installed can be used to store the Bitcoins and only ever be connected to the internet when a bulk transaction is required. This 2nd Bitcoin address is only know to the service provider. This is a very simple solution to provided an always-on 'front of house' with secured 'vault' banking. In the unlikely event that a 'hacker' manages to steal your wallet.dat there will be 'nothing' in it aside from the most recently generated Bitcoins. A somewhat paranoid approach, but I think all will agree, very effective for security and piece of mind.

This maybe obvious to some, but I thought I would share this anyway.

I also recently discovered and have started using the open source Untangle Gateway. http://www.untangle.com/

This is great for Windows and Linux users and quite frankly I don't know of a better, free, 'all-in-one' solution that offers 'business' grade security.

Anyone with any other ideas or solutions feel free to add them. Grin

"The industry of the integrated spectacle and immaterial command owes me (us all) money." - We do not Forgive. We do not Forget. Expect Revolution Renaissance! for we are all Satoshi now? - youtu.be/G7Z8MMk45U0 - "the multiple and the multiplex!" - Mostly AWOL hunting 4 (Zk-)SNARKS ... youtu.be/Yc18hhM6gUc?t=4m27s - "Beware of Boojum's"!?! - NSFW youtu.be/Wn3d51F1jPE + 21e8 = youtu.be/FoTx6dKNGmc ? lolz - 42/ is the answer - en.wikipedia.org/wiki/42_(number)
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March 11, 2010, 01:23:53 PM
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Thanks for the tip
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January 10, 2018, 03:41:37 PM
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great thanks
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