How to Keep Bitcoins Safe

[nuroxx02]

If you are thinking through the process of accruing bitcoins, you may be wondering where to keep them once you’ve done so. After investing time and resources into the digital asset, can you be sure they are locked safely away for when you want to use them?

In truth, bitcoins aren’t “stored” anywhere. As a purely digital entity, it is not as if they are held in bank vaults or stuffed under mattresses. They are accessible through Bitcoin addresses, which require a set of digital keys for entry. So, the question of how to securely store bitcoins comes down to the security of these keys.

Every Bitcoin address has two keys: a “public key” and a “private key.” Bitcoin addresses are derived from public keys, and these Bitcoin addresses are shared. Think of it like sharing your email address with someone: they can send you an email but can’t get into your inbox to read your mail. Similarly, nobody can get into a wallet and take bitcoins from it with a public key; it can only be used to send bitcoins. Therefore, it is safe to share.

A private key is what allows users to take bitcoins from a wallet or to send them to others, and it is what must be protected to keep a user’s bitcoins safe. Whoever holds the private key is considered to be the “owner” of the bitcoins at that address, although technically it’s possible to possess somebody else’s keys without owning the bitcoins they lead to. There are a few different methods that users employ for protecting their private keys.

[Judgebest]

If you want to keep Bitcoin in a safe place, I recommend you keep Bitcoin in a cold wallet and then dig a hole 20 meters deep. Then you bury the cold wallet holding Bitcoin. That is the safest way   

 

[clairevent]

 

Two Factor Code, is enough, or in vault on your stake account, just make sure noone can hack you email address coz protect your email address make it private and your safe.

[zerowing]

35 minutes ago, clairevent said:

 

Two Factor Code, is enough, or in vault on your stake account, just make sure noone can hack you email address coz protect your email address make it private and your safe.

Previously I also thought that the Two Factor Code was the safest, but if I remember correctly, some investors have been robbed by all hackers on Binance exchange even though they have very good security with the Two Factor Code.

[zulfandina]

I think storing bitcoin in vault, a temporary bank feature owned by stake.com is safe enough to store bitcoin or other coins that we have ... I have a few things to learn if you want to steal someone's bitcoin stored in vault stake .com. ...

first, if someone wants to take / steal the bitcoin that we have stored in stake.com vault, then he must find our user name and password first ... this is so that he can get into stake.com using our account have the ...

Second, the thief must know our e-mail address and password, because if you want to make a withdrawal via vault to the main site stake.com through email verification ...

Third, the 2fa code ... the thief must be able to find out the 2fa code / password that we have, otherwise he only dreams of taking / stealing the bitcoin that you have ...

[HumberRolls]

Well to keep your bitcoins safe it is better to send a vault with 2fa activated so nobody can get your coins and also have your mail with double security or otherwise it could happen for you

[timon3217]

If you want to store bitcoin in a safe place, I recommend that you store bitcoin in a cold wallet and then dig a hole 20 meters deep. Then you bury the cold wallet that holds Bitcoin.

[sugam]

Well  don't have any so no tension for me haha GOod luck Holders 

[timon3217]

11 минут назад, сказал сугам:

Ну не надо никакого так никакого напряжения для меня ха-ха удачи держатели

Я думаю, что хранение биткойнов в хранилище, функция time Bank принадлежит stake.com достаточно, чтобы безопасно хранить биткойн или другие монеты, которые у нас есть ... У меня есть несколько вещей, чтобы узнать, если вы хотите украсть чьи-то биткойны, хранящиеся в хранилище stake .com. ...

[eevee]

I suggest your put part of bitcoin on hot wallet btc wallet online,  the rest you should leave it in a cold wallet because it is a wallet without an internet connection and it is especially safe

[timon3217]

2 минуты назад, Иви сказал:

Я предлагаю вам положить часть биткойна на горячий кошелек btc wallet онлайн, остальное вы должны оставить в холодном кошельке, потому что это кошелек без подключения к интернету, и это особенно безопасно

Каждый биткоин-адрес имеет два ключа: “открытый ключ "и"закрытый ключ"."Биткойн-адреса получены из открытых ключей, и эти биткойн-адреса являются общими. Думайте об этом как об обмене вашим адресом электронной почты с кем-то: они могут отправить вам электронное письмо, но не могут войти в ваш почтовый ящик, чтобы прочитать вашу почту. Аналогично, никто не может войти в кошелек и взять биткойны из него с открытым ключом; он может быть использован только для отправки биткойнов. Так и будет

[Enzo]

Nice little write-up. Very useful for users who are new to crypto and don't know how to safely store it. Which I come across very often.

[jokjok231]

What i do to make my Btc safe as well as other crypto coins that i owned is save some of those coins in an offline wallet to prevent them from hackings.

[DERCRAFT]

Make a backup of your wallet
Keeping a backup copy of your wallet in a safe place can protect you from computer crashes and many human errors. It will also allow you to recover your wallet in case your phone or computer is stolen if your wallet has been encrypted.

Back up your entire wallet
Some wallets contain many hidden private keys. If you have backups of only private keys to your visible bitcoin addresses, maybe this is far from all, and then you will not be able to restore most of your funds from a backup.

Encrypt Network Backups
Any backup stored on the network is highly vulnerable to scammers. Even a computer connected to the network is vulnerable to viruses. In this regard, all backups accessible from the network should be encrypted.

Use some safe places.
The only backup is not very safe. If you have several backups, then unpleasant events that prevent the recovery of your wallet will not affect you. You can use various types of media, such as flash drives, paper, and CDs.

Make regular backups
You need to make backups of your wallet regularly to be sure that all recent changes in Bitcoin addresses and all new Bitcoin addresses that you created are included in your backup. Soon, all applications will start using wallets, the backups of which will need to be done only once.

Encrypt your wallet
Encrypting your wallet, or your smartphone, allows you to set a password against anyone trying to withdraw funds. This will help protect against thieves, however, it will not be able to protect against devices or keylogger programs that monitor all the characters you typed.

Never forget your password
You need to make sure that you do not forget your password, otherwise your funds will be irretrievably lost. Bitcoin is not a bank, there is very little chance of recovering a forgotten password. In fact, you will need to remember the password, even if you have not used it for many years. If in doubt, you can keep a paper copy of your password in a safe place, such as in a safe.

Use a complex password
Any password that contains only letters or recognizable words can be considered weak and easy to crack. A strong password must contain letters, numbers, punctuation marks, and must be at least 16 characters long. The most reliable passwords are those generated by special programs designed for this purpose. Strong passwords are usually more difficult to remember, so you have to try.

Offline wallet for savings
An offline wallet, also known as offline storage, or cold storage, provides the highest level of security for savings. To do this, you need to store the wallet in a safe place that is not connected to the network. If done correctly, this method will provide very good protection against computer vulnerabilities. Using offline storage in conjunction with backup and encryption is also considered good practice. Here is an overview of some approaches.

Signing Transactions on an Offline Computer
This approach includes the presence of two computers sharing among themselves some parts of the same wallet. The first should be disconnected from any network. It is the only one that stores the entire wallet and can authorize transactions. The second computer is connected to the network and contains only an “observing” wallet that cannot create authorized transactions. Thus, you can safely complete a new transaction by following these steps.

Make a transaction on a computer connected to the Internet and save it to a USB key.
Authorize the transaction using a computer that is not connected to the network.
Send an authorized transaction from a computer connected to the Internet.
Since a computer that is not connected to the network cannot sign a transaction, it cannot be used to withdraw any funds if it is compromised. Armory can be used to sign transactions offline.

Specialized Wallets
Bitcoin storage devices are the best balance between high protection and ease of use. There are small devices specifically designed to be bitcoin wallets and nothing more. No software can be installed on them, which makes them very protected from computer fraud and online thieves. Since they allow you to make backups, you can always restore your funds if you lose your device.

[iamsheikhadil]

On 8/24/2019 at 5:47 AM, nuroxx02 said:

If you are thinking through the process of accruing bitcoins, you may be wondering where to keep them once you’ve done so. After investing time and resources into the digital asset, can you be sure they are locked safely away for when you want to use them?

In truth, bitcoins aren’t “stored” anywhere. As a purely digital entity, it is not as if they are held in bank vaults or stuffed under mattresses. They are accessible through Bitcoin addresses, which require a set of digital keys for entry. So, the question of how to securely store bitcoins comes down to the security of these keys.

Every Bitcoin address has two keys: a “public key” and a “private key.” Bitcoin addresses are derived from public keys, and these Bitcoin addresses are shared. Think of it like sharing your email address with someone: they can send you an email but can’t get into your inbox to read your mail. Similarly, nobody can get into a wallet and take bitcoins from it with a public key; it can only be used to send bitcoins. Therefore, it is safe to share.

A private key is what allows users to take bitcoins from a wallet or to send them to others, and it is what must be protected to keep a user’s bitcoins safe. Whoever holds the private key is considered to be the “owner” of the bitcoins at that address, although technically it’s possible to possess somebody else’s keys without owning the bitcoins they lead to. There are a few different methods that users employ for protecting their private keys.

That's a good information.

But to keep it safe, you gotta keep your keys safe. And for that, paper wallets are best! Just scan the paper and you are done! And since physical, it can't be hacked

[Enzo]

You can never go wrong with a paper wallet. They are always the safest type of wallet as far as keeping your coins concealed goes. No one has access to them unless you put them on a PC thats network connected.

[revenge0990]

The best way to store bitcoin is to either use a hardware wallet, a multisignature wallet or a cold storage wallet. Have your wallet create a seed phrase, write it down on paper and store it in a safe place

[Goyst23]

For keeping btc save need the most technologically security, and noone cant stole your money