wallet security

[randy8777]

i was reading something about wallets with outgoing transactions are less safe?

so if i use my wallets it is less safe. what is best wallet?

[1715266448]

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[1715266448]

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[1715266448]

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[1715266448]

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[virtualx]

You can have a wallet in custom hardware, on your desktop, web wallets, on your mobile and there are paper wallets. Each solution has its own risks. Your desktop could be vulnurable to virusses and trojans. A paper wallet on the other hand, could get broken if not laminated. Always make sure you have an official wallet and create backups.

Personally I would not recommend mobile phone or desktop for holding large amounts of bitcoins.  Web wallets could be a major risk, because you have to trust the someone else takes care of the security and does not run off with your bitcoins.

You may also like an article i wrote: http://talkera.org/wpTalkera/best-bitcoin-wallet/

[Kprawn]

Buy a Trezor 

Yea, everything you do on your computer can be cached or recorded and trojan's and phishing software can catch your keystrokes, thus gaining access to your passwords.

The best option would be, to keep the coffee budget online and the Lamborghini budget offline {Paper wallets}   

[Testing123]

i was reading something about wallets with outgoing transactions are less safe?

so if i use my wallets it is less safe. what is best wallet?

Cold storage and Trezor are the best in terms of wallet security. You could put most of your bitcoin there, and keep a small amount of bitcoin on a hot wallet for your daily use.

[fast2fix]

i was reading something about wallets with outgoing transactions are less safe?

so if i use my wallets it is less safe. what is best wallet?

nothing is safe lol.. If you can't buy a hardware wallet, then protect your account/wallet by 2fa or sms code. use blockchain online bitcoin wallet it has very good security.

[LiteCoinGuy]

i was reading something about wallets with outgoing transactions are less safe?

so if i use my wallets it is less safe. what is best wallet?

Cold storage and Trezor are the best in terms of wallet security. You could put most of your bitcoin there, and keep a small amount of bitcoin on a hot wallet for your daily use.

https://www.bitcointrezor.com/

start with little amounts of BTC and learn how to handle.

[Sharky444]

There is no 100% safety. Even when using a brainwallet, at some time you will need to type it in if you want to move BTC to a hot wallet, and at this point there is potential for hacking.

[Soappa]

i was reading something about wallets with outgoing transactions are less safe?

so if i use my wallets it is less safe. what is best wallet?

Bitcoin on address (not wallet) with outgoing tx is theoretically less safe as its public key (not private key) becomes public.
So it is better to never re-use address. It gives you slightly better security and more privacy.

[randy8777]

thanks for all your comments. i will purchase myself a trezor wallet. at this point is the best solution.
i have now 0.33 bitcoin and will store it there.

[FUR11]

If it is for long-term storage, you're totally safe with a paper wallet that has been created on an offline machine that never connects to the Internet again. If the randomness is derived from a non-deterministic source, you should be really really fine, even without buying a trezor. A trezor is very nice for people who actually do transact their BTC on  a regular basis.

[randy8777]

If it is for long-term storage, you're totally safe with a paper wallet that has been created on an offline machine that never connects to the Internet again. If the randomness is derived from a non-deterministic source, you should be really really fine, even without buying a trezor. A trezor is very nice for people who actually do transact their BTC on  a regular basis.

i want for longterm holding. but what if that paper wallet gets wet or thrown away by mistake?

[rz20]

One of the best ways to secure your wallet is using the Electrum wallet software. This will generate a wallet with a seed of 12 words you can use to recover your wallet in case your computer fails.

[Minnlo]

If it is for long-term storage, you're totally safe with a paper wallet that has been created on an offline machine that never connects to the Internet again. If the randomness is derived from a non-deterministic source, you should be really really fine, even without buying a trezor. A trezor is very nice for people who actually do transact their BTC on  a regular basis.

i want for longterm holding. but what if that paper wallet gets wet or thrown away by mistake?

You can make a few backups of your paper wallet. Also, you can laminate the papers to make it water-proof and more durable.

[HeroCat]

I think blockchain wallet is the best, for additional safety you can use BTC Trezor for larger BTC amounts. And think also on online wallet advantages over desktop wallets - are you be happy, when your desktop wallet will stretch keys for let say 3 hours. 

[LewiesMan]

Buy a Trezor 

Yea, everything you do on your computer can be cached or recorded and trojan's and phishing software can catch your keystrokes, thus gaining access to your passwords.

The best option would be, to keep the coffee budget online and the Lamborghini budget offline {Paper wallets}   

I always wanted to ask: how does a trezor work?

[spazzdla]

There is no 100% safety. Even when using a brainwallet, at some time you will need to type it in if you want to move BTC to a hot wallet, and at this point there is potential for hacking.

Store your BTC on multiple encrypted paper wallets then when you pull one in you intend keeping the BTC from the one paper wallet as "spending" BTC.

Again however yes nothing is 100% safe is should be crystal clear police can do whatever they feel like so torture to get your BTC is very likely.. :S.  Act dumb if anyone ever questions you.. I have a feeling dark dark times are coming.. pretend you lost all your BTC when they come.

[Buziss]

I always wanted to ask: how does a trezor work?

To send bitcoin with Trezor, you just need to connect your Trezor to your computer and push a button to confirm the transaction. The private keys and transaction signing are done within the device.
You can find the details in http://doc.satoshilabs.com/trezor-faq/

[newflesh]

Learning how to make paperwallets (securely) should be very high on your priority list when storing substantial amounts of btc.

There's a lot of information about different wallets here: https://bitcointalk.org/index.php?board=37.0

[randy8777]

i have been reviewing different paper wallet tutorials and it is not that hard.
i will cover the paper wallets in plastic for extra security.

[spazzdla]

i have been reviewing different paper wallet tutorials and it is not that hard.
i will cover the paper wallets in plastic for extra security.

Make multiple copies.  With bitaddress.org you can encrypt them as well.  I have mine in different cities as well..