How to store your Bitcoin in a safe way? -> HARDWARE WALLETS!

[CoinCidental]

That's pretty cool.
For now im sticking to a offline wallet stored on a flash drive in a firesafe.

You should have more than 1 of those, flash memory fails regularly

I have between 20-30 copies of my main bank (wallet)  so the odds of losing every backup in say 10+ years is quite slim

[picolo]

That's pretty cool.
For now im sticking to a offline wallet stored on a flash drive in a firesafe.

You should have more than 1 of those, flash memory fails regularly

I have between 20-30 copies of my main bank (wallet)  so the odds of losing every backup in say 10+ years is quite slim

Except if they are all stored at home, someone could target you and steal it all from you then ask for a ransom for you to have them back.

[CoinCidental]

That's pretty cool.
For now im sticking to a offline wallet stored on a flash drive in a firesafe.

You should have more than 1 of those, flash memory fails regularly

I have between 20-30 copies of my main bank (wallet)  so the odds of losing every backup in say 10+ years is quite slim

Except if they are all stored at home, someone could target you and steal it all from you then ask for a ransom for you to have them back.

Store copies of the wallet file everywhere you can,
Nobody can do anything with it without the private key
(store that in your head or separate location )

If  your super paranoid about it, double or triple encrypt the wallet file etc

[michietn94]

I kept my bitcoin on blockchain only.
Is it safe ? Shall I make another wallet ?

Since blockchain is easy to use

[Muhammed Zakir]

I kept my bitcoin on blockchain only.
Is it safe ? Shall I make another wallet ?

Since blockchain is easy to use

It is okay. I suggest you to download a paper wallet by clicking download under partners. Which will open a .pdf file and print it and keep it safe. This will help you to spend your BTC even if you can't login to Blockchain.info by importing into another wallet. If you have Android, I suggest Mycelium. only go to Blockchain.info by typing the URL, try to bookmark it for easy-going.

   ~~MZ~~

[HeroCat]

You can store BTC in Trezor wallet - simple and effective 

[ChuckBuck]

You can store BTC in Trezor wallet - simple and effective 

Yes to Trezor as well:



I don't own one yet, but I just think the concept is just so great.  Something so simple, yet so secure, and useful across devices as well (laptop, smartphone, Trezor, etc).

Definitely plan on getting one in the new year.

[LiteCoinGuy]

You can store BTC in Trezor wallet - simple and effective 

Yes to Trezor as well:



I don't own one yet, but I just think the concept is just so great.  Something so simple, yet so secure, and useful across devices as well (laptop, smartphone, Trezor, etc).

Definitely plan on getting one in the new year.

thx. thats the reason for this topic 

or a ledger:

http://www.coindesk.com/ledger-launches-usb-bitcoin-wallet-bank-grade-security/

[picolo]

You can store BTC in Trezor wallet - simple and effective 

https://www.bitcointrezor.com/ looks cool.

119$ for piece of mind.

I kept my bitcoin on blockchain only.
Is it safe ? Shall I make another wallet ?

Since blockchain is easy to use

It is okay. I suggest you to download a paper wallet by clicking download under partners. Which will open a .pdf file and print it and keep it safe. This will help you to spend your BTC even if you can't login to Blockchain.info by importing into another wallet. If you have Android, I suggest Mycelium. only go to Blockchain.info by typing the URL, try to bookmark it for easy-going.

   ~~MZ~~

Users have been hacked on blockchain when they were using Tor. If you have a paper wallet you can recover your funds if blockchain is unavailable but having coins on blockchain is less secure than having a secure paper wallet even if you use F2A on blockchain.

[viking02]

what is TOR?


So basically with this, you never have to worry about safety of your bitcoin?  Thus don't have to deal with bitcoin paper wallet or desktop wallet etc?


So basically assumign i dont have btc in a site, then i always keep the btc in trezor?  But once i want to sell it for usd, just transfer it immediately to coinbase and sell immediately, that way you never keep a lot of bitcoins in coinbase for more than a few minutes?  Is that how it would work?

[picolo]

what is TOR?


So basically with this, you never have to worry about safety of your bitcoin?  Thus don't have to deal with bitcoin paper wallet or desktop wallet etc?


So basically assumign i dont have btc in a site, then i always keep the btc in trezor?  But once i want to sell it for usd, just transfer it immediately to coinbase and sell immediately, that way you never keep a lot of bitcoins in coinbase for more than a few minutes?  Is that how it would work?

It would work approximately like that. A paper wallet can be a very safe solution too.

Tor : https://en.wikipedia.org/wiki/Tor_%28anonymity_network%29 

[sifter]

There is no need for all those. Use a paper wallet and it will remain safe.

You'd have to make a couple and laminate them.

[picolo]

There is no need for all those. Use a paper wallet and it will remain safe.

You'd have to make a couple and laminate them.

You should also encrypt it with a password you will remember and store it at least 2 different places, hopefully in 2 different countries.

[LiteCoinGuy]

i made a little overview about the existing hardware wallets:

https://bitcointalk.org/index.php?topic=899253.0

[picolo]

i made a little overview about the existing hardware wallets:

https://bitcointalk.org/index.php?topic=899253.0

Trezor is only 6th in your list?

[CoinCidental]

i made a little overview about the existing hardware wallets:

https://bitcointalk.org/index.php?topic=899253.0

Trezor is only 6th in your list?

Maybe because its overpriced compared to the rest?

[picolo]

i made a little overview about the existing hardware wallets:

https://bitcointalk.org/index.php?topic=899253.0

Trezor is only 6th in your list?

Maybe because its overpriced compared to the rest?

It seems that trezor is excellent so I am surprised it's only 6th. Some of the competitors are as cheap as 30$ so the price could be an explanation.

[Farmer17]

i made a little overview about the existing hardware wallets:

https://bitcointalk.org/index.php?topic=899253.0

Trezor is only 6th in your list?

Maybe because its overpriced compared to the rest?

Or they are just listed in alphabetical order.
1. CryptoLabs "Case"
2. Hardbit
3. HW1 Wallet
4. Ledger
5. Mycelium
6. Trezor

[Farmer17]

There is no need for all those. Use a paper wallet and it will remain safe.

You'd have to make a couple and laminate them.

You should also encrypt it with a password you will remember and store it at least 2 different places, hopefully in 2 different countries.

Yup you could use BIP38 encryption so that you won't lose your bitcoin even if a thief has found your paper wallet.
Or you could create a m-on-n paper wallet with Armory.

[LiteCoinGuy]

i made a little overview about the existing hardware wallets:

https://bitcointalk.org/index.php?topic=899253.0

Trezor is only 6th in your list?

Maybe because its overpriced compared to the rest?

Or they are just listed in alphabetical order.
1. CryptoLabs "Case"
2. Hardbit
3. HW1 Wallet
4. Ledger
5. Mycelium
6. Trezor

you win the prize: 21 Satoshis