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    Author Topic: How to take keep your BTCs 100% safe?  (Read 1310 times)

    • JB0011 (OP)
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    September 05, 2017, 12:35:10 AM
     #1
    I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.

  • Mandoy
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    September 05, 2017, 01:01:30 AM
     #2
    Quote from: JB0011 on September 05, 2017, 12:35:10 AM
    I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.

    Your question is complicated since you have to do many things just to make your coins safe. In terms of hacking as long as your bitcoins are placed on a hosted web wallet there is a tendency that it is a possible victim of hacking even giant site are being attacked and so if you store your bitcoins in a hosted web wallet is has still the tendency of being hacked if the site is hacked.

    If you want your bitcoin to be safe from hacking store it in your flaskdrive or a hardwallet. But of course if you are not careful it is also some dangers in it.

    And do my advise to you my friend is to place your bitcoins on different kind of wallets on different sites. This may not offer 100% guarantee but it would lesser the risk. Just always keep with you the private keys and password or otherwise you cannot access it.
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  • w5pn73
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    September 05, 2017, 02:39:54 AM
     #3
    Quote from: JB0011 on September 05, 2017, 12:35:10 AM
    I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.

    If you have the seed you can always import it in electrum.
    If they theoretically take blockchain.info down it's not like everyone has lost their wallets.

    An exchange works in a very different way.

  • jubalix
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    September 05, 2017, 02:44:42 AM
    Last edit: September 05, 2017, 03:14:36 AM by jubalix
     #4
    using any online service is unsafe, they can fake where you are sending coins to as once happened.

    Air gapped computer, that signs transactions is your best bet.

    I would never use trezor or other hardware solution, you cannot see their OS hardware.

    open source air gaped

    consider electrum....
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  • baryonlee
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    September 05, 2017, 02:49:54 AM
     #5
    use a HD wallet, write down your words in paper, keep paper at a safe place.(bank Huh Roll Eyes

  • DevilSlayer
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    September 05, 2017, 02:55:56 AM
     #6
    Quote from: JB0011 on September 05, 2017, 12:35:10 AM
    I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
    If you want to secure your bitcoins, the best way to do is store it in trusted wallets like coinbase. My bitcoins are in coinbase because I know that all of my bitcoins will become safe in coinbase.

  • pooya87
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    September 05, 2017, 02:56:28 AM
     #7
    Quote from: JB0011 on September 05, 2017, 12:35:10 AM
    ~I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from ~

    step 1: stop using blockchain.info

    step 2: learn what real bitcoin wallets are and learn what their differences are.
    https://bitcoin.org/en/choose-your-wallet
    https://bt.irlbtc.com/view/1631151.0

    step 3: learn what cold storage means
    https://en.bitcoin.it/wiki/Cold_storage
    https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet

    after reading the above links if you still had any questions then feel free to ask those.

    if you still insist on using blockchain.info despite it being a bad choice then what you need to do is to
    - set up a strong password
    - enable 2FA
    - backup your recover phrase which is in fact a seed you can use to get back all your private keys using a tool such as this: https://iancoleman.github.io/bip39/

  • HabBear
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    September 05, 2017, 03:01:43 AM
     #8
    Do you need to continue to use Blockchain.info for your entire balance?

    Keep it for transactions and put everything else in a Trezor. It's as save as it gets...just don't lose your passphrase.

  • jubalix
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    September 05, 2017, 03:17:30 AM
     #9
    Quote from: DevilSlayer on September 05, 2017, 02:55:56 AM
    Quote from: JB0011 on September 05, 2017, 12:35:10 AM
    I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
    If you want to secure your bitcoins, the best way to do is store it in trusted wallets like coinbase. My bitcoins are in coinbase because I know that all of my bitcoins will become safe in coinbase.


    you cannot trust any service that is amenable to a writ. On any day your coins can be taken. Even if you only have the private key, when you log in to their service, they can fake the receiving address and you would unlikely know.

    They can key catch and more.
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  • Sadnu
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    September 05, 2017, 03:31:42 AM
     #10
    Bitcoins are hard to be safe especially if it is placed on third party companies. Because they just hold it down and the only thing you can do is save your password because it is known or hacked by the hackers to say goodbye to your bitcoins because the hackers or the company that you put in your bitcoins will not give you back your bitcoins. It's best to use of the walllet where you hold your private keys because you only know your bitcoins.  And only you can access your wallets theres no other.

  • purplekush604
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    September 05, 2017, 03:48:13 AM
     #11
    Im going to get a Ledger Nano S....but there's a backorder currently.....

  • Dudeperfect
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    September 05, 2017, 04:00:29 AM
     #12
    Even if you are taking backup of your private keys then it doesn't matter in case of the hacking incident because hackers will sweep your wallet as soon as they get access to your private keys.

    I would suggest you, go with SECURELY GENERATED paper wallet if you don't want to access your funds more often.Your funds are safe until paper wallet is physically stolen.

    If you want to keep it completely in your custody and still flexible then go with Trezor wallet where you will need to keep your seed/passphrase secure. Even in the case of any incident with the device, you will still be able to retrieve the funds using seed/passphrase.

  • Heyyyrenz
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    September 05, 2017, 04:24:27 AM
     #13
    for me the safest way to keep your bitcoin is to store it to a bitcoin paper wallet. Why?

    You hold your private key and not store in the internet unlike some of the wallets online the company holds your private key and if the company hacks there's a chance that your bitcoin may steal as well.

    The best use of the paper wallet is:
    1. Storing bitcoin for long term investment.
    2. For future purposes.

    It's good to store bitcoin on paper wallet because it's price pumps and pumps and when you store alot at it and withdraw it your rich in an instant.

  • odolvlobo
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    September 05, 2017, 04:34:43 AM
    Last edit: September 05, 2017, 04:35:18 PM by odolvlobo
     #14
    Nothing is 100% safe. Look for the storage method that fits your needs and your desired level of security, and learn how to manage its weaknesses.
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    September 05, 2017, 04:42:31 AM
     #15
    Quote from: JB0011 on September 05, 2017, 12:35:10 AM
    I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
    I think of the ways you secure your wallet may be very difficult to break through by hackers, if seen from some authentication permissions. But we do not know maybe that could happen. Keeping the private key of the bitcoin address listed in the blockchain is just as unsafe. Because bitcoin will remain in your blockchain wallet even if you have exported your private key or bitcoin address in another wallet.

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    September 05, 2017, 04:58:11 AM
     #16
    Offline laptop, linux, never touch internet. use usb to transfer data to sign keys. keep the hard drive encrypted.

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    September 05, 2017, 05:10:24 AM
     #17
    Blockchain.info wallets are not 100% secure. Even if 2FA is enabled, a key logger can steal your login information and steal your coins. I think that the only wallets which are 100% secure against theft are hardware wallets such Trezor and Ledger.
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    September 05, 2017, 05:34:39 AM
     #18
    Do not trust online wallet providers with your bitcoins. Blockchain.info is one of the biggest online wallet providers, but they had a lot of problems previously with their software. I would invest in a hardware wallet, if you use your coins frequently or you could rather opt for the safest method to store your coins, which is offline paper wallets.

    If you have to use online wallets for some or other reason, I would definitely backup the seed and use 2FA. ^smile^
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  • TheGreatPython
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    September 08, 2017, 05:23:28 AM
     #19
    Quote from: Sithara007 on September 05, 2017, 05:10:24 AM
    Blockchain.info wallets are not 100% secure. Even if 2FA is enabled, a key logger can steal your login information and steal your coins. I think that the only wallets which are 100% secure against theft are hardware wallets such Trezor and Ledger.
    I won't deny you. Looks like you have used key loggers or attacked by this method of hacking. However, in order to install a key logger in someone’s PC, you need to force them to click on a link or something so that the event takes place. Isn't it better to not keep on clicking here and there carelessly?

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    September 09, 2017, 10:36:28 AM
     #20
    Quote from: JB0011 on September 05, 2017, 12:35:10 AM
    I have two accounts on Blockchain.info. I'd like step by step instructions preferably to how I can keep my current + future coins 100% safe from hacks, forgetting password, authorities shutting down the wallet etc. Seems like authorities can shut down any site they like (recent example btc-e). If I back up my private keys or something like that, maybe then I'll never lose the coins even if I forget Blockchain.info password or if it gets hacked or shut down etc. Right?  I'm not sure how it's all done. Please advise.
    Yes you are 100 percent right. One should have more than one account. The most fear thing is that not only hackers but the site owners also shut it down or Bloch their site without any reason. So having two or three different account on different sites and keep not all the bitcoin in one wallet but in all the wallets you has then you will be safe not 100 percent but enough. No one can give you the tips of 100 percent bitcoin security.
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