User avatar
inBitweTrust
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 82
Joined: Tue Apr 19, 2016 3:53 am

Options for Securing your Bitcoin wallet

Tue Apr 19, 2016 4:39 am

Here I want to discuss an overview of various methods to secure your bitcoin savings and the strengths and weaknesses of each approach for storing ones savings in Bitcoin. There is a time and place for using hot wallets, exchanges, tipping services, smartphone apps for daily spending but that is another conversation. We do not need to waste our time discussing extremely dangerous methods of storing ones savings like hot wallets and non-regulated exchanges.

Please offer any criticism and suggestions to build to this list:

Paper Wallets



Strengths:
Secure against Malware, viruses, trojans, and keyloggers. (As long as keys are generated with secure equipment)
Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Once setup, easy to maintain and re-import.
Fairly secure against State and legal theft.
Practically Free to setup


Weaknesses:
Initially difficult to securely generate with an audited and clean computer
Online Utilities not as secure as offline generators
Insecure against physical theft


Tutorials:
https://en.bitcoin.it/wiki/Paper_wallet
https://www.reddit.com/r/Bitcoin/commen ... ng_secure/
https://bitcointalk.org/index.php?topic=342691.0
http://www.btcguys.us/blog/how-to-creat ... t-tutorial
http://www.coindesk.com/information/pap ... -tutorial/
https://www.armoryguide.com/OfflineWalletSetup.html

Online Utilities to generate Paper wallets-
https://www.bitaddress.org (Code Independently audited=?)
https://www.offlineaddress.com (Code Independently audited=?)
https://bitcoinpaperwallet.com/bitcoinp ... allet.html (Code Independently audited=?)

Offline Utility to generate Paper Wallets
https://github.com/casascius/Bitcoin-Address-Utility (Code Independently audited=?)


Devices:

1) Piper -229 USD
http://cryptographi.com/

2) https://mycelium.com/entropy - 40USd
released , but sold out except for reseller - http://asicminer-shop.de/Mycelium-Entropy

-----------------------------------------------------------------------------------------------------------------------------------
Physical Bitcoins



Strengths:
Secure against Malware, viruses, trojans, and keyloggers. (As long as keys are generated with secure equipment)
Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Once setup, easy to maintain and re-import.
Fairly secure against State and legal theft.



Weaknesses:
Initially difficult to securely generate keys with an audited and clean computer
Online Utilities not as secure as offline generators
Insecure against physical theft
Much more expensive than paper wallets
Insecure unless you generate and add the private keys yourself



Sources:

1) https://www.casascius.com
In person or bulk only 500 for 0.39 BTC

2) https://www.titanbtc.com/
68 USD - ~2k USD

3) http://www.alitinmint.com/
2.92 BTC per coin

4) http://www.lealana.com/
0.05 to 0.9 BTC per coin

5) https://www.infinitumbitcoins.com/
99 to 399 USD per coin

6) https://denarium.com/
13,70 € to 469,42 € per coin

7) B T C C mint preloaded Titanium Bitcoins (not sold in US)
https://mint.btcc.com/
1.1BTC per coin (Includes virgin 1 BTC)

-----------------------------------------------------------------------------------------------------------------------------------

Offline Computer or device



Strengths:
Somewhat secure against Malware, viruses, trojans, and keyloggers. (As long as keys are generated with secure equipment)
Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Once setup, easy to maintain and re-import.
Fairly secure against State and legal theft.



Weaknesses:
Initially difficult to securely generate keys with an audited and clean computer
Much more expensive than paper wallets(need a separate computer or device)
Vulnerabilities with possible USB /network infections if device isn't properly secure
Less reliable than physical or paper wallets, so one should backup the wallet on an additional separate key or write down a HD key phrase


Tutorials:
https://bitcointalk.org/index.php?topic=235584.0
http://codinginmysleep.com/cold-storage-part-1/
https://bitcoinarmory.com/tutorials/arm ... e-wallets/


Devices(besides offline computers , notepads, and laptops):


http://www.pi-wallet.com/
124.95 €

CIYAM Safe - https://susestudio.com/a/kp8B3G/ciyam-safe

12-sided dice and a TI-89 Calculator to create a bitcoin address.
http://motherboard.vice.com/read/how-to ... calculator

-----------------------------------------------------------------------------------------------------------------------------------

Hardware wallets



Strengths:
Secure against Malware, viruses, trojans, and keyloggers. (If the hardware has not been tampered with- Audits needed)
Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Once setup, easy to maintain and re-import.
Fairly secure against State and legal theft.
Easier to actively make secure transactions, without needing to import private keys


Weaknesses:
Few of these devices has been thoroughly independently audited
More expensive than paper wallets
Less reliable than physical or paper wallets, so one should backup the wallet on an additional separate key or write down a HD key phrase

Comparison of
KeepKey vs Trezor vs Ledger Nano
https://www.youtube.com/watch?v=aOnOBl_MxmQ


Devices:


1) Keep Key
https://www.keepkey.com/
99 usd
Source Code: Open source
https://www.youtube.com/watch?v=bs4N3jtZrEI

2) Trezor
https://www.bitcointrezor.com/
99 USD
Source Code: Open source

3) Bitcoin Card
https://mycelium.com/bitcoincard
In Development
Source Code: unknown

4) Case
http://www.choosecase.com/
199.00 USD
Source Code: Open source

5) ledger wallet
https://www.ledgerwallet.com/
Ledger nano S 58.00 €
nano 29.00 €
HW.1 15 €
unplugged 29 €
Ledger Blue - ETA Mid 2016
Source Code: open

6) BWallet
https://bidingxing.com/bwallet
28.00 USD
Source Code: open source
https://www.reddit.com/r/Bitcoin/commen ... developer/

7) CoolWallet
https://coolbitx.com/coolwallet/index.html
In Development
Source Code: open source
https://99bitcoins.com/bitcoin-coolwallet-review/

8 ) Digital Bitbox
https://digitalbitbox.com/
120 usd
Source Code: open

9) BitLox
http://www.bitlox.com/
BitLox Advanced 199 USD
BitLox Ultimate 299 USD
BitLox Extreme Privacy Set 399 USD
Source Code: Open source apps

10) eWallet
http://www.blackarrowsoftware.com/store/ewallet.html
39 usd
Source Code: open

11) Goochain Citadelle
https://goochain.net/citadelle/
14.50 €
Source Code: ?

12) Open Dime
http://www.opendime.com/
29 usd for 3 on backorder
Unique HW wallet that acts as a fungible and verifiable offline form of currency


-----------------------------------------------------------------------------------------------------------------------------------

Muti-sig Hot wallets and services




Strengths:
Somewhat secure against Malware, viruses, trojans, and keyloggers. (As long as keys are generated with secure equipment)
Somewhat Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Easy to setup and maintain
Easier to actively make secure transactions, without needing to import private keys
Added features such as 2FA , online access, and Insurance


Weaknesses:
None of these services have been thoroughly independently audited
Concerns that private keys generated with the service are also stored or captured by companies
Vulnerable to malware, trojans, and keyloggers within the browser (mainly at time of creation)
Vulnerable to privacy concerns
Vulnerable to legal and state theft

Tutorials -
http://sx.dyne.org/multisig.html
https://www.youtube.com/watch?v=zIbUSaZBJgU
https://www.youtube.com/watch?v=ZKRLJGBMqWo



Services:


1) https://greenaddress.it
2-of-2 multisignature with nLockTime (possible temporarily unable to spend funds) / Free
https://bitcointalk.org/index.php?topic=521988.0

2)https://www.bitgo.com/
2 of 3 multisig / Free

3) https://www.coinbase.com/vault
2 of 3 multisig / insured / Free

4) https://www.bitalo.com/why_bitalo
2-of-2 multisignature


-----------------------------------------------------------------------------------------------------------------------------------

Muti-sig Paper/electronic wallets


Strengths:
Secure against Malware, viruses, trojans, and keyloggers. (As long as keys are generated with secure equipment)
Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Once setup, easy to maintain and re-import.
Fairly secure against State and legal theft.
Practically Free to setup
Secure against physical theft if only one of the private keys is physical and the other 2 are encrypted and stored independently.


Weaknesses:
Initially difficult to securely generate with an audited and clean computer (with exception to entropy)
Online Utilities not as secure as offline generators



Tutorials:


1) Armory
https://www.armoryguide.com/OfflineWalletSetup.html
https://bitcoinarmory.com/tutorials/arm ... e-wallets/
https://bitcoinarmory.com/tutorials/arm ... e-lockbox/
https://bitcoinarmory.com/tutorials/arm ... d-backups/


Devices:


1) https://mycelium.com/entropy - 40USd
released , but sold out except for reseller - http://asicminer-shop.de/Mycelium-Entropy


-----------------------------------------------------------------------------------------------------------------------------------

Brain wallets


Strengths:
Secure against Malware, viruses, trojans, and keyloggers. (As long as keys are generated with secure equipment)
Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Fairly secure against State and legal theft.
Free to setup
Secure against physical theft but not torture


Weaknesses:
Difficult to remember
risk of forgetting private keys
Difficult to re-import
Risk the passphrase isn't secure


Tutorials:


http://www.coindesk.com/how-to-create-a-brain-wallet/
https://bitcointalk.org/index.php?topic=710434.0


Tools:


1) https://brainwallet.github.io/

-----------------------------------------------------------------------------------------------------------------------------------

Manually Creating a Wallet



Strengths:
Secure against Malware, viruses, trojans, and keyloggers.
Secure against online theft initiated by hackers or unscrupulous employees and owners of online wallets.
Fairly secure against State and legal theft.
Sometimes free to setup


Weaknesses:
Time consuming
Difficult to securely generate
Insecure against physical theft once written down


Tutorials:


https://en.bitcoin.it/wiki/Technical_ba ... _addresses
Last edited by inBitweTrust on Sat Jun 25, 2016 3:09 pm, edited 3 times in total.

User avatar
inBitweTrust
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 82
Joined: Tue Apr 19, 2016 3:53 am

Re: Options for Securing your Bitcoin wallet

Tue Jun 07, 2016 3:35 pm

Added new coin

B T C C mint preloaded Titanium Bitcoins (not sold in US)
https://mint.btcc.com/
1.1BTC per coin (Includes virgin 1 BTC)

Added Ledger Blue Announcement

User avatar
LiteCoinGuy
Gold Bitcoiner
Gold Bitcoiner
Posts: 2505
Joined: Mon Sep 21, 2015 9:00 am

Donate BTC of your choice to 1Dbo5TtxG9cWoyw49GM8vbD7HgQhr1KVi6

Re: Options for Securing your Bitcoin wallet

Tue Jun 07, 2016 6:03 pm

great, sticky :)
********************************************
More informations about Bitcoin and scaling BTC on

bitcoin.org/en/

https://bitcoincore.org/en/2015/12/23/c ... reases-faq

&
reddit.com/r/Bitcoin/

iFixBTCmemoryIssues
Gold Bitcoiner
Gold Bitcoiner
Posts: 2682
Joined: Tue Nov 24, 2015 9:03 pm

Re: Options for Securing your Bitcoin wallet

Tue Jun 07, 2016 6:39 pm

For large amounts of Bitcoin, use cold storage and dedicate a netbook for transaction purposes!
Image

If you are running a version of Bitcoin Core, stop using it. Upgrade to Bitcoin Unlimited or Classic immediately.

Fix Your Unconfirmed Transaction.

Vote for the future of our Bitcoin network!

User avatar
inBitweTrust
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 82
Joined: Tue Apr 19, 2016 3:53 am

Re: Options for Securing your Bitcoin wallet

Sat Jun 25, 2016 3:10 pm

added
Ledger nano S 58.00 €

User avatar
BitcoinNewsMagazine
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 217
Joined: Thu Sep 24, 2015 5:03 pm
Contact: Website Facebook Twitter

Re: Options for Securing your Bitcoin wallet

Sat Jun 25, 2016 9:22 pm

added
Ledger nano S 58.00 €
Need to emphasize that Ledger Nano S is the first hardware wallet to offer both bitcoin and ether compatibility. Very attractive price of $66.

User avatar
grandFX
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 440
Joined: Thu Sep 22, 2016 3:48 pm

Donate BTC of your choice to 19BkU3ZUHsHaiJ2vye4JHEZYZBhfvnrkTB

Contact: Facebook Twitter Telegram

Re: Options for Securing your Bitcoin wallet

Tue Sep 27, 2016 6:35 am

any one to use keep key here?
this is a bitcoin wallet that protects your bitcoin from hackers
Image

User avatar
bitkilo
Platinum Bitcoiner
Platinum Bitcoiner
Posts: 3210
Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

Re: Options for Securing your Bitcoin wallet

Tue Sep 27, 2016 8:30 am

Thank you very much for posting this, very informative.

I can definitely recommend the Mycelium entropy for creating paper wallets, if you can find one ;)
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

User avatar
bitkilo
Platinum Bitcoiner
Platinum Bitcoiner
Posts: 3210
Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

Re: Options for Securing your Bitcoin wallet

Tue Sep 27, 2016 11:39 am

Honestly speaking i didnt even heard about mycelium, when i read about this i searched it quickly and as mentioned here it does have cool features.
They were first advertised for sale in mid to late 2014 i think, mine was delivered in Jan 2015 if i remember right.
There was only 1000 of these made that i am aware of. They did create a bit of interest at the time and i am surprised that Mycelium hasn't made another batch yet.
Maybe with enough renewed interest in the future they will release a new version.
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

User avatar
bitkilo
Platinum Bitcoiner
Platinum Bitcoiner
Posts: 3210
Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

Re: Options for Securing your Bitcoin wallet

Tue Sep 27, 2016 12:32 pm

Honestly speaking i didnt even heard about mycelium, when i read about this i searched it quickly and as mentioned here it does have cool features.
They were first advertised for sale in mid to late 2014 i think, mine was delivered in Jan 2015 if i remember right.
There was only 1000 of these made that i am aware of. They did create a bit of interest at the time and i am surprised that Mycelium hasn't made another batch yet.
Maybe with enough renewed interest in the future they will release a new version.

I didnt heard anything of it since i was on bitcoin world on march 2015 as far as i can remember thats why i didnt hear about such thing about mycelium. Hopefully they could release new version on upcoming months or next year.
Yep sorry to say but they were all sold out by March 2015.

If you would really like to see a new version of these released why don't you start a thread here with a poll asking other members if they would like to see one released, if the "yes" votes were high enough for another presale I'm sure Mycelium would look at doing it, you could only try.
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

nikhil.kumar
Posts: 1
Joined: Tue Oct 04, 2016 12:32 pm

Donate BTC of your choice to 1Dk6iojd7Fts27PEV8a4HbgxqwprAPrjzn

Contact: Telegram

Re: Options for Securing your Bitcoin wallet

Tue Oct 04, 2016 3:09 pm

Hi guys, I am using Swiss bank In Your Pocket. I think it is very safe and secure because it gives us 5 bitcoin wallets and a Bitcoin Vault that is secured with a USB security key that only we have access to creating a safe offline environment for your private information.For more info you can check out their website http://swissbankinyourpocket.com

User avatar
grandFX
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 440
Joined: Thu Sep 22, 2016 3:48 pm

Donate BTC of your choice to 19BkU3ZUHsHaiJ2vye4JHEZYZBhfvnrkTB

Contact: Facebook Twitter Telegram

Re: Options for Securing your Bitcoin wallet

Tue Oct 18, 2016 1:07 am

I prefer to save my btc in the hardware wallet or paper wallet
I think that it is safe enough. I suggest do not store you all bitcoin in online wallet. It's risky.
Image

User avatar
mjglqw
Silver Bitcoiner
Silver Bitcoiner
Posts: 804
Joined: Sat Aug 06, 2016 8:26 pm

Donate BTC of your choice to 13cj1xgP4bdK567NDgjyXLZEQLmZszSzEa

Re: Options for Securing your Bitcoin wallet

Tue Oct 18, 2016 5:53 am

I always liked paper wallets. It's just too much of a hassle if I decided to use it. :lol: :lol: But yea, it's good I think if you're planning on storing some bitcoins longterm.

User avatar
dotthebeats
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 68
Joined: Sun Oct 09, 2016 2:55 am

Donate BTC of your choice to 1A69dNmG5MVxbupecoHyzBsAsaQWZVYLJa

Re: Options for Securing your Bitcoin wallet

Tue Oct 18, 2016 7:54 am

If i would possess large amounts of bitcoin i would rather keep it on either desktop wallets or hardware which is safer compare to those web wallets.
Image

Hhampuz
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 183
Joined: Wed Sep 28, 2016 8:33 pm

Donate BTC of your choice to 1D32LQzjyjRKCFPfeUw9xDExE6YmLkdBfB

Re: Options for Securing your Bitcoin wallet

Tue Oct 18, 2016 6:06 pm

Great guide and thank you for taking the time to make it.

Would you ever recommend to store some BTC on physical coins? Or would that just be stupid?

miffman
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 81
Joined: Tue Sep 20, 2016 8:55 am

Donate BTC of your choice to 19GFXUea9mFGeTiWpGaQWFiazuH3koCnsZ

Re: Options for Securing your Bitcoin wallet

Wed Oct 19, 2016 6:58 pm

Great guide and thank you for taking the time to make it.

Would you ever recommend to store some BTC on physical coins? Or would that just be stupid?
Unless it's using 2factor or you generated your own private keys, I think it's pretty unsafe to store BTC as physical bitcoins in general. They can make great short term investments however :)
Image

User avatar
rendravolt
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 516
Joined: Wed Oct 07, 2015 9:29 pm

Donate BTC of your choice to 13T2aPdsiVtupF4XKScDhJ6RKrwyqNAVoT

Contact: Facebook Twitter Telegram

Re: Options for Securing your Bitcoin wallet

Wed Oct 19, 2016 7:45 pm

Paper wallet one of the best, you can select it.

User avatar
bitkilo
Platinum Bitcoiner
Platinum Bitcoiner
Posts: 3210
Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

Re: Options for Securing your Bitcoin wallet

Thu Oct 20, 2016 2:44 pm

I always liked paper wallets. It's just too much of a hassle if I decided to use it. :lol: :lol: But yea, it's good I think if you're planning on storing some bitcoins longterm.
I found that they were always difficult to make 100% secure when i was just starting out and was always paranoid that i may have leaked the private key somehow.
To solve that problem i got one of the Mycelium entropy devices, it is a usb devise that creates paper wallets safely on a printer that will never go online, it can even create 2 of 3 paper wallets and so simple to use.
One of the best investments i have made so far.
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

User avatar
mjglqw
Silver Bitcoiner
Silver Bitcoiner
Posts: 804
Joined: Sat Aug 06, 2016 8:26 pm

Donate BTC of your choice to 13cj1xgP4bdK567NDgjyXLZEQLmZszSzEa

Re: Options for Securing your Bitcoin wallet

Thu Oct 20, 2016 5:04 pm

I always liked paper wallets. It's just too much of a hassle if I decided to use it. :lol: :lol: But yea, it's good I think if you're planning on storing some bitcoins longterm.
I found that they were always difficult to make 100% secure when i was just starting out and was always paranoid that i may have leaked the private key somehow.
To solve that problem i got one of the Mycelium entropy devices, it is a usb devise that creates paper wallets safely on a printer that will never go online, it can even create 2 of 3 paper wallets and so simple to use.
One of the best investments i have made so far.
Entropy wallets? Never heard of that.

Also, concerning paperwallets, I would be paranoid too for sure. So do you think it's a bad idea to purchase paperwallets/bitcoin cards on the internet?

User avatar
bitkilo
Platinum Bitcoiner
Platinum Bitcoiner
Posts: 3210
Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

Re: Options for Securing your Bitcoin wallet

Thu Oct 20, 2016 6:29 pm

I always liked paper wallets. It's just too much of a hassle if I decided to use it. :lol: :lol: But yea, it's good I think if you're planning on storing some bitcoins longterm.
I found that they were always difficult to make 100% secure when i was just starting out and was always paranoid that i may have leaked the private key somehow.
To solve that problem i got one of the Mycelium entropy devices, it is a usb devise that creates paper wallets safely on a printer that will never go online, it can even create 2 of 3 paper wallets and so simple to use.
One of the best investments i have made so far.
Entropy wallets? Never heard of that.

Also, concerning paperwallets, I would be paranoid too for sure. So do you think it's a bad idea to purchase paperwallets/bitcoin cards on the internet?
Yeah that sounds like a bad idea, would never buy one.
Can you link me to any sites that are selling paperwallets?
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

User avatar
mjglqw
Silver Bitcoiner
Silver Bitcoiner
Posts: 804
Joined: Sat Aug 06, 2016 8:26 pm

Donate BTC of your choice to 13cj1xgP4bdK567NDgjyXLZEQLmZszSzEa

Re: Options for Securing your Bitcoin wallet

Thu Oct 20, 2016 7:44 pm

I found that they were always difficult to make 100% secure when i was just starting out and was always paranoid that i may have leaked the private key somehow.
To solve that problem i got one of the Mycelium entropy devices, it is a usb devise that creates paper wallets safely on a printer that will never go online, it can even create 2 of 3 paper wallets and so simple to use.
One of the best investments i have made so far.
Entropy wallets? Never heard of that.

Also, concerning paperwallets, I would be paranoid too for sure. So do you think it's a bad idea to purchase paperwallets/bitcoin cards on the internet?
Yeah that sounds like a bad idea, would never buy one.
Can you link me to any sites that are selling paperwallets?
Yea. I agree. They look cool, though. So I'm probaby gonna get some in the future just for the sake of the coolness of those items.

Maybe try this; https://bitcoinpaperwallet.com/

I won't recommend it though, I haven't used it personally.

User avatar
mjglqw
Silver Bitcoiner
Silver Bitcoiner
Posts: 804
Joined: Sat Aug 06, 2016 8:26 pm

Donate BTC of your choice to 13cj1xgP4bdK567NDgjyXLZEQLmZszSzEa

Re: Options for Securing your Bitcoin wallet

Thu Oct 20, 2016 7:52 pm

That's a nice list. Must read for beginners. Appreciate it that you've added the sources too!

User avatar
coin@coin
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 105
Joined: Sun Sep 25, 2016 8:09 am

Re: Options for Securing your Bitcoin wallet

Fri Nov 04, 2016 6:35 am

Physical Bitcoins could be an option too.

Nowadays there are many DIY Physical Bitcoins manuafactures: generate your own Public/Private Keys put the private key under a hologram and you are set. Also Kialara makes some really good looking coins which are like artworks. http://kialara.com.

Some manufactures provide loaded physical bitcoins so be careful which ones you trust with private keys.

Casascius are the most well known coins, Denarium, BTCC Mint and many others all offer different coins of different value.

Consider that many physical bitcoins also appreciate in value because they are limited edition, rare items.

User avatar
grandFX
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 440
Joined: Thu Sep 22, 2016 3:48 pm

Donate BTC of your choice to 19BkU3ZUHsHaiJ2vye4JHEZYZBhfvnrkTB

Contact: Facebook Twitter Telegram

Re: Options for Securing your Bitcoin wallet

Mon Nov 07, 2016 11:50 am

The paper wallet is good options too
It's very safe to store your bitcoin and you can try the hardwallet wallet like trezor, keepkey, etc.
Image

User avatar
piebeyb
Silver Bitcoiner
Silver Bitcoiner
Posts: 808
Joined: Thu Sep 24, 2015 6:51 am

Donate BTC of your choice to 1EsWXN3VcBb2rRenMBYd4V3WTfiZxaaiK3

Contact: Website Facebook Twitter Google+ Telegram

Re: Options for Securing your Bitcoin wallet

Thu Nov 10, 2016 9:56 pm

The paper wallet is good options too
It's very safe to store your bitcoin and you can try the hardwallet wallet like trezor, keepkey, etc.
I think it is also very safe to use
Image Tip me BCH : qzahl4e8mqy5se6sdnc6j24mv4vtdtlpv5jmnhsw3n

User avatar
grandFX
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 440
Joined: Thu Sep 22, 2016 3:48 pm

Donate BTC of your choice to 19BkU3ZUHsHaiJ2vye4JHEZYZBhfvnrkTB

Contact: Facebook Twitter Telegram

Re: Options for Securing your Bitcoin wallet

Thu Nov 10, 2016 10:08 pm

The paper wallet is good options too
It's very safe to store your bitcoin and you can try the hardwallet wallet like trezor, keepkey, etc.
I think it is also very safe to use
I knew it is very safe to use, the paper wallet is the best option if do you have a lot of bitcoin
if do you want to store your bitcoin for the longterm.
Image

User avatar
bitkilo
Platinum Bitcoiner
Platinum Bitcoiner
Posts: 3210
Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

Re: Options for Securing your Bitcoin wallet

Tue Nov 15, 2016 10:47 pm

any one to use keep key here?
this is a bitcoin wallet that protects your bitcoin from hackers
I haven't used one yet but it's too of my list for a hardware wallet, they just look so cool with a nice sleek design.

I was checking them out on amazon and came across this, they offer what looks like a type of warranty is called a 1-year Photo and Data Recovery Plan
If your device stops working, the Rescue data recovery plan will recover the data from the failed device and return it to you on a new piece of external storage media.
Covers new removeable flash memory device of any brand when purchased within 30 days (receipt must be retained for purchases not on the same transaction).
Yeah i don't think I would feel comfortable sending my hardware wallet off to some 3rd party company for them to recover my data, if they don't you get your $3.95 back, lol
This is probably for phone sales and got mixed in.
https://www.amazon.com/gp/aw/d/B0143M2A ... 9246159300
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

bitcharged
Posts: 1
Joined: Wed Nov 16, 2016 6:28 am

Re: Options for Securing your Bitcoin wallet

Wed Nov 16, 2016 6:47 am

I've had a nightmare with Trezor and discovered that I'm not the only one. Earlier in November I updated my Trezor and it created a new wallet with new set of seed words. In the process, my original accounts and Bitcoins have been erased and my Trezor doesn't recognize recovery seed of the original wallet. I'm so pissed off, if you have not updated your Trezor firmware yet, don't do it, because you could loose all your coins. I should've stuck to my cold storage paper wallet.

Thetamind
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 137
Joined: Fri Feb 03, 2017 7:41 am

Donate BTC of your choice to 18VCRXN7VLrBujpCk5WA9U45CyeQDx3rPA

Re: Options for Securing your Bitcoin wallet

Thu Feb 09, 2017 5:45 am

If you have the seed of your old wallet, you should be able to open up a new wallet with say, Electrum, or another provider, and enter in that seed, it should find your wallet so you can use it again.

User avatar
grandFX
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 440
Joined: Thu Sep 22, 2016 3:48 pm

Donate BTC of your choice to 19BkU3ZUHsHaiJ2vye4JHEZYZBhfvnrkTB

Contact: Facebook Twitter Telegram

Re: Options for Securing your Bitcoin wallet

Thu Feb 09, 2017 7:28 am

If you have the seed of your old wallet, you should be able to open up a new wallet with say, Electrum, or another provider, and enter in that seed, it should find your wallet so you can use it again.
The electrum wallet is a good choice to use it
you can control your bitcoin, I think it safe than other wallet like online wallet.
Image

Return to “Beginners & Help”

Who is online

Users browsing this forum: No registered users and 4 guests