Bitcoin Forum
September 30, 2016, 10:01:32 PM *
News: Due to DDoS attacks, there may be periodic downtime.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Security Methods for Bitcoin Service Providers.  (Read 8025 times)
BitcoinFX
Legendary
*
Offline Offline

Activity: 1358


youtu.be/DyV0OfU3-FU


View Profile WWW
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

I was a very early Bitcoin adopter - I mined and sold over 12,500+ BTC before they reached just a few cents! I bought a slice of a rather famous Pizza!? and donated 500 BTC to the first Bitcoin Faucet. Got a bit lost along the way... logged out 2010... logged back in 2013... I did 'find' around 25 BTC (in old wallets and sites), which is better than none! <> BBR - CBX - CURE - DASHEMCGAP - GRC - LTC - MINT - NMC - NuBits - PPC - SLM - START - XPM - <> This is not investment advice! <>
1475272892
Hero Member
*
Offline Offline

Posts: 1475272892

View Profile Personal Message (Offline)

Ignore
1475272892
Reply with quote  #2

1475272892
Report to moderator
1475272892
Hero Member
*
Offline Offline

Posts: 1475272892

View Profile Personal Message (Offline)

Ignore
1475272892
Reply with quote  #2

1475272892
Report to moderator
1475272892
Hero Member
*
Offline Offline

Posts: 1475272892

View Profile Personal Message (Offline)

Ignore
1475272892
Reply with quote  #2

1475272892
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1475272892
Hero Member
*
Offline Offline

Posts: 1475272892

View Profile Personal Message (Offline)

Ignore
1475272892
Reply with quote  #2

1475272892
Report to moderator
1475272892
Hero Member
*
Offline Offline

Posts: 1475272892

View Profile Personal Message (Offline)

Ignore
1475272892
Reply with quote  #2

1475272892
Report to moderator
DannyM
Sr. Member
****
Offline Offline

Activity: 275



View Profile
March 11, 2010, 01:23:53 PM
 #2

Thanks for the tip
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!