The SAFest WALLET?

[Bitcoin Explorer]

Hey there guys,
I recently decided to make a new wallet to secure my funds which are growing.
The wallet is for Bitcoins.
I will not be using them to buy or sell, but just store them and keep it as an investment.
Please suggest something, other than hardware wallets, because I dont want to shell out money on them

[Amph]

core and electrum are both pretty safe, the latter let you do offline transaction

[wadili89]

The safest wallet is Armory. There is no debate on that.

Using a non-networked PC (a small netbook will work) and a webcam it can give you 100% security.

[AnonBitCoiner]

The safest wallet is Armory. There is no debate on that.

Using a non-networked PC (a small netbook will work) and a webcam it can give you 100% security.

Agreed. Armory is the one I use for my primary wallet; it's got so many security features that may seem tedious but are worth it. It's called "Armory" for a reason!

[Muhammed Zakir]

The safest wallet is Armory. There is no debate on that.

I have been using the offline version sometime now.

Using a non-networked PC (a small netbook will work) and a webcam it can give you 100% security.

If it takes photos if a person tries to login would give you better security but don't make logging-in option using your face because it can be faked with your photo unless you set some additional options such as blinking the eyes x times etc...

   ~~MZ~~

[ikydesu]

Hey there guys,
I recently decided to make a new wallet to secure my funds which are growing.
The wallet is for Bitcoins.
I will not be using them to buy or sell, but just store them and keep it as an investment.
Please suggest something, other than hardware wallets, because I dont want to shell out money on them

You can use electrum if you won't to download the data from block chain, armory is good wallet too, bit coin core and green address too

[yrask]

Bitcoin core and Electrum are good way to keep safe your account. But I prefer blockchain.info, it is very good and it is online (but you can set every safe parameter that you want).

[bitllionaire]

I like multibit and electrum, it depends on your needs

[Bitcoin Explorer]

I like multibit and electrum, it depends on your needs

I want ultimate safety of funds.

[DannyHamilton]

"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)

[Muhammed Zakir]

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

+1111. Wow! This is the best post I have found in this year about "storing BTC safely". You absolutely changed my mind.

- snip -
Please suggest something, other than hardware wallets, because I dont want to shell out money on them

If you have good amount of BTC, why don't you try Trezor or Ledger?

   ~~MZ~~

Sorry! Deleted!

   ~~MZ~~

[Balls]

Just download a liteweight client and keep your wallet.dat backed up offline until you need it.

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

I think most wallets are only as safe as the person that is using them is.

[LOBSTER]

Ledger Wallet, TREZOR, Armory...never trust a service like Blockchain or Coinbase.

[DannyHamilton]

- snip -
Please suggest something, other than hardware wallets, because I dont want to shell out money on them

Ledger Wallet, TREZOR
- snip -

[fearlesscat10]

The safest wallet is Armory. There is no debate on that.

I have been using the offline version sometime now.

   ~~MZ~~

I also use the offline Armory as a cold wallet.

Paper wallets are also advised to be more secure.

[plasma1010]

Wouldn't backing up something like Bitcoin QT on a flash drive work effectively ?

Also, how does one go about making a paper wallet ?

[LiteCoinGuy]

Hey there guys,
I recently decided to make a new wallet to secure my funds which are growing.
The wallet is for Bitcoins.
I will not be using them to buy or sell, but just store them and keep it as an investment.
Please suggest something, other than hardware wallets, because I dont want to shell out money on them

are these:

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


but for small amounts an online or desktop wallet is okay.

[Muhammed Zakir]

Wouldn't backing up something like Bitcoin QT on a flash drive work effectively ?

That would be okay if you use a internet-not-connected computer. There is an OS for doing this, BitKey but I haven't tested it, so I can't vouch for it. Better stick with paper wallet.

Also, how does one go about making a paper wallet ?

You can create an address and dump the private key and print it. Armory wallet gives good support for doing this.

   ~~MZ~~

[DannyHamilton]

- snip -
Please suggest something, other than hardware wallets, because I dont want to shell out money on them

are these:

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

[Southpaw0]

the safest wallet imo is multibit