The SAFest WALLET?

[ensurance982]

As a hot wallet used to spend Bitcoin I'd stick to Electrum or Multibit. They are light wallets (they don't have to download and validate the whole blockchain, which takes quite some time), and are considered safe by most people. Using online services defies the core purpose of Bitcoin - you don't control your own money. If you (and only you!!!) aren't in possession of the private key, you don't own the Bitcoin.

[CoinFoxs]

Buy a trezor, set it up correctly and instal electrum to go with it, on a brand new never used again laptop. Safe!

[HeroCat]

Trezor is the best BTC wallet, if you concern safety, otherwise Blockchain is also good 

[ranochigo]

Safest wallet is definitely a hardware wallet which is opensourced and secure from virus attacks, for example, trezor. The disadvantage is that it is very expensive, $100 per. For normal uses, a paper wallet/offline raspberry pi would be secure enough if you sign transactions offline.

[samuel999]

Brainwallet.  Armory offline works too.  Just don't forget your passphrase or lose file etc.

[BitcoinFreak12]

Make sure you have 2 PC's.

Install offline armory on an offline PC, never connect it to the internet, in fact take out the network adapter form it, to not even make it available to connect to it from wireless.

Then install offline armory on the offline PC, and use it as cold storage, and use a formatted USB stick to sign the transactions on the offline PC.

The safest method I know, nobody can steal your coins.

[Pif]

"Safe" is a very interesting word.  It really depends on what you are trying to protect yourself from.

In many cases it might be "safest" to trust someone else to secure your bitcoins for you if you aren't capable of taking the proper steps to securing your own bitcoins.  In that case, the "safest" might be something like Coinbase.  They will handle the process of storing multiple backups in secure locations and insuring their assets.  Unfortunately, since they have full control of the bitcoins, there is always the possibility that they run off with them or are hacked.

If you are going to store your own bitcoins, then there are a few risks you need to be aware of and to protect yourself from:

• Risk that your wallet will be lost or destroyed (fire, flood, earthquake, tornado, lightning, volcano, tsunami, hurricane, mudslide, vehicle crash, hard drive head crash, etc).
• Risk that a hacker will access your wallet through the internet
• Risk that a stranger will physically access your wallet (breaking&entering, physical theft, etc)
• Risk that a friend or family member will access your wallet
• Risk that the a government agency will seize your wallet
• Risk that a criminal will resort to extortion, kidnapping, or physical threat to get you to send them your bitcoins

Some of these can be protected against with any wallet simply by making sure that you maintain multiple recent backups in secure locations.
Some of these can be protected against with any wallet simply by making sure that you use a very strong password.
Some of these can only be protected against with BOTH a very strong password AND maintaining multiple recent backups in secure locations no matter what wallet you use.
Some of these can only be protected against by making sure that nobody knows that you own the bitcoins, no matter what wallet you use.

The only thing you are protecting against by choosing a "safest wallet" is the ability for a hacker to access your wallet through the internet.  In this case, any wallet that is not connected to the internet is equally secure.  Therefore, if that is what you are trying to protect yourself from, you can choose any of the following:

• Properly created paper wallet
• Armory offline (requires a computer that is never connected to the internet)
• Electrum offline (requires a computer that is never connected to the internet)

Boeing quite new to bitcoin world I was lurking around on here when found this great post. Found it really helpful, It really opened my mind and decide to bump it hoping it may help other people in my same situation

[Snorek]

Make sure you have 2 PC's.

Install offline armory on an offline PC, never connect it to the internet, in fact take out the network adapter form it, to not even make it available to connect to it from wireless.

Then install offline armory on the offline PC, and use it as cold storage, and use a formatted USB stick to sign the transactions on the offline PC.

The safest method I know, nobody can steal your coins.

While that is true that nobody will steal your coins from the outside. But there is always a possibility of your hardware failure. After all it can happen sometime. I guess your method is good and if you want maximum security you should add paper copy wallet to it.

[Bitcoin Explorer]

Make sure you have 2 PC's.

Install offline armory on an offline PC, never connect it to the internet, in fact take out the network adapter form it, to not even make it available to connect to it from wireless.

Then install offline armory on the offline PC, and use it as cold storage, and use a formatted USB stick to sign the transactions on the offline PC.

The safest method I know, nobody can steal your coins.

While that is true that nobody will steal your coins from the outside. But there is always a possibility of your hardware failure. After all it can happen sometime. I guess your method is good and if you want maximum security you should add paper copy wallet to it.

Yes, thats a valuable suggestion.

[silvestar]

Safest wallet is definitely a hardware wallet which is opensourced and secure from virus attacks, for example, trezor. The disadvantage is that it is very expensive, $100 per. For normal uses, a paper wallet/offline raspberry pi would be secure enough if you sign transactions offline.

There are some cheaper hardware wallets now to compete with Trezor. For example, the ledger wallet is selling at a price of 29 Euros. Hopefully the price of hardware wallets could come further down when more and more competitors appear.

[Muhammed Zakir]

Safest wallet is definitely a hardware wallet which is opensourced and secure from virus attacks, for example, trezor. The disadvantage is that it is very expensive, $100 per. For normal uses, a paper wallet/offline raspberry pi would be secure enough if you sign transactions offline.

There are some cheaper hardware wallets now to compete with Trezor. For example, the ledger wallet is selling at a price of 29 Euros. Hopefully the price of hardware wallets could come further down when more and more competitors appear.

The way they are made is different. Trezor gives more hardware security than Ledger though Ledger is enough for simple purposes, just take a good care of it.

   ~~MZ~~

[kpitti]

When you are looking to keep your Bitcoins just create Paper wallet - find a exactly process how to do it with offline comp and printer. Use good paper, make some copies and put them on different places, but secured to you. Then you are on safe side.

[arieq]

If you want to be really safe, then get a cheap laptop and use it as your dedicated wallet hardware. No internet connection unless needed, No porn surfing on it either. A dedicated laptop is better for staving off keyloggers especially if you're the only one who use it

[irfan_pak10]

Hi

Let me tell you one thing don't put your whole btc money in a single wallet. I recommend you to use coinbase, btc-e to store your money in these two different wallets.

Thanks

Regards
Online recharge service

[ranochigo]

Safest wallet is definitely a hardware wallet which is opensourced and secure from virus attacks, for example, trezor. The disadvantage is that it is very expensive, $100 per. For normal uses, a paper wallet/offline raspberry pi would be secure enough if you sign transactions offline.

There are some cheaper hardware wallets now to compete with Trezor. For example, the ledger wallet is selling at a price of 29 Euros. Hopefully the price of hardware wallets could come further down when more and more competitors appear.

You could also buy a raspberry pi and make a offline wallet from it. You could still create transactions by signing transactions on it then broadcasting it using another online computer.  Raspberry pi is the cheapest.

[choZin]

yeah agree hardware wallet is the safest wallet ever

[Muhammed Zakir]

Hi

Let me tell you one thing don't put your whole btc money in a single wallet. I recommend you to use coinbase, btc-e to store your money in these two different wallets.

Thanks

Regards
Online recharge service

Can I tell you if you don't mind? Don't put your money in an address where you don't have access to the private key.

   ~~MZ~~

[BitcoinFreak12]

Can I tell you if you don't mind? Don't put your money in an address where you don't have access to the private key.

   ~~MZ~~

It's more complicated than that, you should definitely not put more than 1 BTC in online wallets, for example if you got 50 BTC then you should have 49 in offline cold storage.

But I think the other 1 BTC can be in 1 wallet online, because it will be much easier to spend it, than if it were in an offline wallet.

If i have to buy something online with bitcoin then i can quickly send any amount under 1 BTC under 10 min, whereas if I were to use my offline PC, i have to boot it up, enter all passwords, create unsigned transaction, send it , bla bla.

It would take atleast 20 minutes to just send the trransaction then another 10 minute to broadcast it. So this will take 30 minutes, but if I use online wallet then it can be done @ 10 minutes, for small sums.

Of course if you invest 10 BTC, then its better to do the longer offline transaction, because its safer and 10 BTC is a lot of money.