[ Bitcoin ] Help -I’m just looking for the cheapest option to store my bitcoin and Monero on the same cold storage device !
[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by OmwtoproMycolagist [link]
Help -I’m just looking for the cheapest option to store my bitcoin and Monero on the same cold storage device !
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08-31 08:58 - 'Question from a newbie: fundamentally, does the “cold device” in these cold storage mechanisms essentially just hold your private key and your latest known balance?' by /u/HumanoidHumanOnEarth removed from /r/Bitcoin within 714-724min
https://preview.redd.it/rtdvbwxewag21.jpg?width=1080&format=pjpg&auto=webp&s=8883896891bdf7c95944a3c3c35e70e560d0d782 Hackers, thieves and scammers tend to steal anything that is valuable. So, securing something as valuable as your bitcoins is necessary. Ledger Nano S is the most secure wallet developed by Ledger, which is a bitcoin security company that offers a wide-range of secure bitcoin storage devices. TREZOR is a hardware wallet that was built to secure bitcoins, and can generate bitcoin private keys offline. These are the two most secured wallet for storing bitcoin. Below are some tips in securing your bitcoins:
Don't expose your private keys or never store them online.
Avoid using the same password to your bitcoin account on any other site.
Avoid give away links that entail downloading and installing files on your devices.
Always update your operating system to the latest version to ensure full security compliance
Never use an unknown wallet to store your fund or avoid downloading a phishing app.
11-14 14:24 - 'Hey, we are building a wallet app that allows you to generate and export private keys to exterior storage devices directly from the smartphone. In other words, create your own cold wallet with anything that can hold your...' by /u/BitFreezerApp removed from /r/Bitcoin within 32-42min
''' Hey, we are building a wallet app that allows you to generate and export private keys to exterior storage devices directly from the smartphone. In other words, create your own cold wallet with anything that can hold your encrypted private keys. The app operates only on RAM, so when you work with your keys within the app, after closing the session, all the data is erased. However, your keys always remain in the encrypted folder accessible only by you. I'm one of the founders of the project and I would really appreciate your feedback. Check us out: [bitfreezer.app]1 ''' Context Link Go1dfish undelete link unreddit undelete link Author: BitFreezerApp 1: bi*fr*eze*.ap* Unknown links are censored to prevent spreading illicit content.
[Question] Pros/Cons of offline bitcoin storage "cold storage"
I've been looking into creating an offline bitcoin storage device via raspberryPI + Armory. I was wondering what i should watch out for and any advice to someone who isn't the most tech savvy but can get around. One specific question i had was: What would happens in the situation where you loose your cold storage device or it fails on you? do you loose all your bitcoins? even if you have a paperbackup? edit:Also is it a good idea to create a wallet on a raspberryPI or is there a more advised solution?
I have a website where I sell cold-storage devices (crypto piggybanks), because of the full blocks I've been forced to remove legacy Bitcoin support from my website. Bitcoin Cash still works just fine though.
I have a small website where I sell cryptocurrecny items. I used to be really excited about bitcoin, I went as far as to teach a class at my local community college about it; but I am no longer as excited about (legacy) bitcoin. As I get paid for these items in crypto, I also don't want any legacy bitcoin anymore. I looked into shapeshift earlier and they wanted $197 in fees to make a transfer from legacy bitcoin to bitcoin cash; I can't even get out. Full blocks have made it useless to accept as a currency. Keyois.com, seller of cold hard storage items, will no longer accept legacy bitcoin. We are already listed on acceptbitcoin.cash and I recommend you go there and buy something in bitcoin cash from one of the listed merchants. If you know anyone who used to accept bitcoin, direct them towards bitcoin cash, it's probably what they wanted to use when they began to accept bitcoin anyway.
Been away from Bitcoin for awhile, what apps/devices should I use now for wallet, cold-storage, etc?
Its been a few years since I played with Bitcoin for real. Theres all these new devices out like Trezor and 21, theres new apps and wallets like Electrum and others. I don't know where to start. I don't currently have any BTC but I want to start a new wallet that is secure, uses multisig, and ideally some hardware if its not too expensive (Since I don't own any coins and don't really intend to right away I don't want to spend too much on hardware but I'd like to have one prepared). So, what should I look into and what is best security practice for generating a keypair and general use of that keypair with a device in a secure way? EDIT: Also, I hear of people screwing up their wallets by only saving the private keys to one address, when the unused portion of a transaction is actually sent to a new change address. How do I mitigate this problem in cold storage? Will I always need to make a new cold-storage address after making a withdraw?
We just released our private key and seed phrase storage device and we are also accepting #lightning payments! Any payments that get lost or don't go through will still have their orders fulfilled (on us)! /r/Bitcoin
I have a website where I sell cold-storage devices (crypto piggybanks), because of the full blocks I've been forced to remove legacy Bitcoin support from my website. Bitcoin Cash still works just fine though. /r/btc
It's beginning to feel a lot like 2017. Some useful reminders and advice for new comers.
Hype and increasing prices will undoubtedly attract new investors, HODLers, and gamblers. Regardless of how long you've been in crypto, below are a few pieces of information (or reminders) you should consider.
We're still early. Cryptocurrency, including bitcoin, is still in its infancy. Because of this, we will continue to see headlines of hacks, exchange closures, big name investors coming into the space, major institutional adoption, and everything in between. Until crypto is regulated (for better or worse) and even after, there will be bad actors attempting to steal your cryptocurrencies. To that end, think twice when hearing about 'deals' or investments that seem too good to be true. They probably are.
Protection. I often see questions regarding the storage of cryptocurrencies. Not to oversimplify, but as a user, you have ~3 choices to store your cryptocurrency. In order of most secure to least secure:
Cold Storage - From wikipedia: Cold storage refers to storing Bitcoins/Cryptos offline and spending without the private keys controlling them ever being online. This resists theft by hackers and malware, and is often a necessary security precaution especially dealing with large amounts of Bitcoin. If you aren't comfortable manually storing your private key, physical hardware wallets are your best alternative. When possible, buy direct from the manufacturer to avoid any tampering to your new device.
Hot Wallets - From investopedia: The difference between a hot wallet and a cold wallet is that hot wallets are connected to the internet, while cold wallets are not. Hot wallets can be installed onto your mobile device and/or your web browser. Similar to cold storage, these hot wallets will 'store' your crypto and will be accessed to send/receive tokens, execute smart contracts, and conduct other transactions. There are many options to choose from, but MetaMask is as close to an industry standard as it comes, and the developer has recently implemented an ERC-20 token swap function. Again, download directly from the developer if you can.
Exchanges - Exchanges certainly have their own purpose, most notably as an on and off ramp for your fiat currency (e.g., US Dollar, etc). However, when you read headlines like "Bitcoin Hacked for 10 million dollars!" what they usually mean is, a centralized exchange that holds users' cryptocurrencies was hacked and bitcoin was extracted from the exchange's storage. For this reason, exchanges are considered to be less safe than your Hot Wallet and Cold storage alternatives.
Don't be greedy. This is easier said than done, and many veteran traders have learned this the hard way -- some still haven't learned. When prices are only going up, you're going to feel like a million bucks. But things dont go up forever. Ever. (Unless it's the Fed's balance sheet.. har har). Point being, it's okay to take profits along the way up. I guarantee you'll have an opportunity to re-buy those same tokens at a cheaper price, and you'll enjoy them even more the second time around.
Don't spend more than you can afford. Hopefully this goes without saying, but the crypto space is extremely volatile. It is not uncommon to lose your entire investment with just one wrong token/ICO/scam. To that end; just use your common sense. It sounds easy, but when you're making money, sometimes it's hard to see the cliff at the end of the road.
Keep learning. I joined the crypto space because I saw an opportunity to make money. It's been a wild ride, and I've learned a lot more than I've gained (from a monetary perspective). What i didn't expect to happen, was to open pandora's box when it comes to what Bitcoin (specifically) aimed to solve. My thirst for knowledge only expanded when I learned of the opportunity space Ethereum was trying to fill. Compound that with the immutability of blockchain technology, DeFi, smart contracts, data oracles, (and the list goes on); now I'm completely hooked. It's clear to me that blockchain will revolutionize the way we function on the global scale. But many are just now beginning to learn about bBitcoin, and we're ahead of the curve. Which leads me back to point number 1; we're still early.
Sorry for rambling on here; I'm sure more veteran HODLers have already X'd out of this post, which is fine. They likely don't need this information as they have learned these same tips along their own journeys. But for newcomers to the space, I wish I had this foundational knowledge from the get go. Don't be afraid to ask questions on this sub. With the recent implementation of MOON tokens (this is a whole 'nother topic), I've personally noticed more downvotes than normal. But awareness and understanding is critical to adoption, so don't be turned off if you don't get an answer to your questions immediately. There is a wealth of knowledge scattered across the internet, and still a lot of smart people on reddit who are willing to help.
photorec finds lost wallets on DESTROYED storage devices, Bitcoin-QT, Blockchain.info and now Armory wallets too.
update of this post: http://www.reddit.com/Bitcoin/comments/1byfy0/photorec_able_to_find_lost_wallets/ answer from christoph grenie: << Bitcoin-Qt is the most important one and most used. Armory is the most secure client and widely used. If you could recover this format, people would love you.I dont know much about the other clients. There are even more than just those 4. I suggest you support armory.>> Done! I have added Armory detection in latest PhotoRec 6.14-WIP. Can you test it ? I am not using armory, so maybe someone would test it and i am not sure if photorec recovers encrypted wallets.
Users can lose bitcoin and other cryptocurrency tokens as a result of theft, computer failure, loss of access keys and more. Cold storage (or offline wallets) is one of the safest methods for ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Trezor is a secure bitcoin storage and a transaction signing tool with open source hardware and software. The private keys are generated by the device and never leave it thus they cannot be accessed by a malware. It uses a deterministic wallet structure which means it can hold an unlimited number of keys (BIP 0032/BIP 0044).A recovery seed is generated when the device is initialized. The storage or transaction of cryptocurrencies is based on digital keys, addresses, and digital signatures. These keys are basically your “bank account” the private keys are not stored online, but are created and stored in the wallet. * Note: If you want to store other cryptocurrencies than Bitcoin (such as Ripple, Ethereum, and Litecoin), make sure the intended wallet you install supports ... Software wallets: Convenient storage. For frequent Bitcoin trading, software wallets are ideal. These take the form of an app which is downloaded for free to your phone or desktop. You simply open up the app and can make Bitcoin transactions in an instant. Since software wallets are connected to the internet, it’s important to make sure your device is well secured to prevent online theft. We ...
[HOW TO]- Store Bitcoin On USB Stick - Guide - YouTube
Please subscribe to my Channel: https://www.youtube.com/channel/UCp2H5Nwn6ry402F2pofZWXg Facebook: https://www.facebook.com/pages/Mrcluster87/152185951511384... UPDATE HERE: https://www.youtube.com/watch?v=EulqSJK-kOE The Trezor Bitcoin storage device is the ultimate safe way to store your Bitcoin. Adam Meister can h... Is there an easy way to generate paper wallets securely? What types of wallets should you be using for different tiers / amounts of bitcoin? Following the st... In this video I'll show you how to make a secure and encrypted USB Bitcoin Wallet. I'm going to use MultiBit to create this wallet and then store it onto a U... @ck_SNARKs unboxes the Cypher Wheel by Cypher Safe.