Author Topic: What is your best Bitcoin Security practices?  (Read 705319 times)

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What is your best Bitcoin Security practices?
« on: January 22, 2018, 02:05:35 PM »
What is your best Bitcoin Security practices?

From bitcoin.org:
Quote
Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly.Always remember that it is your responsibility to adopt good practices in order to protect your money.

Source: https://bitcoin.org/en/secure-your-wallet
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
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Offline jitenrajput

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Re: What is your best Bitcoin Security practices?
« Reply #15 on: March 27, 2018, 05:19:03 AM »

your ads here
Below are some of the best bitcoin security practices:
  • You yourself are responsible for the protection of bitcoins possessed by you. Do not depend on others.
  • Make use of multi-signature wallet for better protection.
  • Your private key should be saved at two to three different locations like paper wallet, hard drive or USB. So, if it lost from one place, you have a backup and you do not lose your bitcoins.
  • For your account on cryptocurrency exchange platforms and wallets, do not use the same email address and passwords as your other mailing and social media accounts. Use distinct addresses and strong passwords.
  • Never post on social media about your wallet information. Keep it a top secret.
  • Always use a two factor authentication.
  • Install a good antivirus software on devices through which you trade bitcoins.
  • Store your confidential data (private key) in encrypted format if possible.






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Offline CryptoCZ

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Re: What is your best Bitcoin Security practices?
« Reply #16 on: March 28, 2018, 11:42:17 AM »
Below are some of the best bitcoin security practices:
  • You yourself are responsible for the protection of bitcoins possessed by you. Do not depend on others.
  • Make use of multi-signature wallet for better protection.
  • Your private key should be saved at two to three different locations like paper wallet, hard drive or USB. So, if it lost from one place, you have a backup and you do not lose your bitcoins.
  • For your account on cryptocurrency exchange platforms and wallets, do not use the same email address and passwords as your other mailing and social media accounts. Use distinct addresses and strong passwords.
  • Never post on social media about your wallet information. Keep it a top secret.
  • Always use a two factor authentication.
  • Install a good antivirus software on devices through which you trade bitcoins.
  • Store your confidential data (private key) in encrypted format if possible.
By the way saw the news that multi-signature in some wallets have already learned to hack

Offline MaRiNA_098

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Re: What is your best Bitcoin Security practices?
« Reply #17 on: March 30, 2018, 09:18:10 AM »
Educate yourself, buy the dips, use a hardware wallet.

Offline ebanker

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Re: What is your best Bitcoin Security practices?
« Reply #18 on: April 01, 2018, 05:57:22 AM »
Cold Storage and Paper Wallet are good. Saving on exchange will also work.

Offline saturn.network

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Re: What is your best Bitcoin Security practices?
« Reply #19 on: April 02, 2018, 02:52:24 PM »
Below are some of the best bitcoin security practices:
  • You yourself are responsible for the protection of bitcoins possessed by you. Do not depend on others.
  • Make use of multi-signature wallet for better protection.
  • Your private key should be saved at two to three different locations like paper wallet, hard drive or USB. So, if it lost from one place, you have a backup and you do not lose your bitcoins.
  • For your account on cryptocurrency exchange platforms and wallets, do not use the same email address and passwords as your other mailing and social media accounts. Use distinct addresses and strong passwords.
  • Never post on social media about your wallet information. Keep it a top secret.
  • Always use a two factor authentication.
  • Install a good antivirus software on devices through which you trade bitcoins.
  • Store your confidential data (private key) in encrypted format if possible.


I would agree that these are some great practices, remember it is not crypto if you do not have hold of your private key.
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Re: What is your best Bitcoin Security practices?
« Reply #20 on: April 06, 2018, 10:26:37 PM »
Multiple-Factor Authentication on several levels of a website or blockchain go a very long way. But yes, I'm also in agreement that Cold Storage is the way to go.

Offline AKminer Service

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Re: What is your best Bitcoin Security practices?
« Reply #21 on: April 09, 2018, 12:22:36 PM »
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Re: What is your best Bitcoin Security practices?
« Reply #22 on: April 10, 2018, 12:37:22 PM »
I think the Wallet is the best option of secure BTC.
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Re: What is your best Bitcoin Security practices?
« Reply #23 on: April 13, 2018, 08:21:48 AM »
But access to the wallet can be obtained from the network, it is not disconnected?


Yes, as long as you are able to log in to your account, you will always have access to your wallet and be able to deposit/withdraw from it without limits set (speaking of our services here). Maybe it is different in other platforms.


Offline Zoey_iam

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Re: What is your best Bitcoin Security practices?
« Reply #24 on: April 13, 2018, 10:07:22 PM »
I would advise the best Bitcoin purse is blockchain

I've never tried blockchain but have also heard some good reviews about it.

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Re: What is your best Bitcoin Security practices?
« Reply #25 on: April 15, 2018, 11:17:00 PM »
Get a good wallet that can secure your account.  I have tried several wallets and it's good to see the best reviews before choosing the right one for you.

Offline betcoinworld

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Re: What is your best Bitcoin Security practices?
« Reply #26 on: April 17, 2018, 01:56:49 PM »


When using an online service such as a bitcoin exchange: Enable 2-Factor-Authentication (like Google authentication) on your account!

Always have direct control of your bitcoins (private keys). If you don’t have the keys, you don’t control the bitcoins.
Make regular backups of your bitcoin wallet!
Also, the best security practices would be using a hybrid exchange during transactions and  BetCoin offers a hybrid exchange platform.


Offline CryptoCZ

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Re: What is your best Bitcoin Security practices?
« Reply #27 on: April 17, 2018, 02:47:46 PM »

When using an online service such as a bitcoin exchange: Enable 2-Factor-Authentication (like Google authentication) on your account!

Always have direct control of your bitcoins (private keys). If you don’t have the keys, you don’t control the bitcoins.
Make regular backups of your bitcoin wallet!
Also, the best security practices would be using a hybrid exchange during transactions and  BetCoin offers a hybrid exchange platform.
2-Factor-Authentication enought for good security?

Offline Garden

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Re: What is your best Bitcoin Security practices?
« Reply #28 on: May 27, 2018, 09:55:30 AM »
I think converting your wallet to paper wallet by storing it in a cold storage is the best practice I have done so far for making my wallet safe. I also change the passwords on regular basis which is also a good habit. What are your thoughts traders?

Offline crypterum

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Re: What is your best Bitcoin Security practices?
« Reply #29 on: June 04, 2018, 08:12:01 AM »
cold storage is the best one

 

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