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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 101Crypta

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Re: What is your best Bitcoin Security practices?
« Reply #1 on: February 02, 2018, 01:05:48 PM »
I would advise the best Bitcoin purse is blockchain

Offline thomas-xmrcgpu

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Re: What is your best Bitcoin Security practices?
« Reply #2 on: February 03, 2018, 08:53:01 PM »
No online wallet, no funds on exchanges, only use decentralized exchanges like Shapeshift, no hardware wallet (you really don't know what's going on there).
Firewall outgoing connection monitoring.
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Offline Hardmandie

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Re: What is your best Bitcoin Security practices?
« Reply #3 on: February 09, 2018, 08:28:24 PM »
Store bitcoin in wallet and not exchange platforms. Save your secret keys on a hard drive, external if possible. Install a strong antivirus on your system to prevent hack. Do not save passwords on your computer.
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Offline BlockTechnology

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Re: What is your best Bitcoin Security practices?
« Reply #4 on: February 22, 2018, 01:36:58 PM »
The best option is a hardware or paper wallet

Offline cryptojack

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Re: What is your best Bitcoin Security practices?
« Reply #5 on: February 22, 2018, 04:40:25 PM »
My advice is to use the official Bitcoin Core client. You will have least problems with forks and you can support the Bitcoin network.

Offline XIntel

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Re: What is your best Bitcoin Security practices?
« Reply #6 on: February 23, 2018, 07:52:15 AM »
Always backup to a secured external hard drive!

Offline CryptoCZ

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Re: What is your best Bitcoin Security practices?
« Reply #7 on: March 01, 2018, 02:31:05 PM »
I prefer "cold storage" wallets

Offline Tellmoth

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Re: What is your best Bitcoin Security practices?
« Reply #8 on: March 02, 2018, 08:06:29 PM »
I prefer "cold storage" wallets

Absolutely agree with this, most sensible way by far, in my humble opinion. There is never total security but it's the closest approach.
May you live in interesting times

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Re: What is your best Bitcoin Security practices?
« Reply #9 on: March 05, 2018, 06:41:38 AM »
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Offline CryptoCZ

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Re: What is your best Bitcoin Security practices?
« Reply #10 on: March 06, 2018, 02:57:52 PM »
Absolutely agree with this, most sensible way by far, in my humble opinion. There is never total security but it's the closest approach.
Yes. In an extreme case, for coins for which there is not yet a wallet, you can use a paper wallet

Offline EnKoT

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Re: What is your best Bitcoin Security practices?
« Reply #11 on: March 06, 2018, 05:40:48 PM »
No online wallet, no funds on exchanges, only use decentralized exchanges like Shapeshift, no hardware wallet (you really don't know what's going on there).
Firewall outgoing connection monitoring.
Just reading on bitcoinwiki, it says that to date there have been no verifiable incidents of Bitcoins stolen from hardware wallets and much of the time, the software is open source, allowing a user to validate the entire operation of the device. so... ;)

A really important point is not to operate on a public Wifi....there are already several cases where hackers have stolen bitcoins on open unsecure wifis.

Offline CryptoCZ

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Re: What is your best Bitcoin Security practices?
« Reply #12 on: March 09, 2018, 04:05:57 PM »
Just reading on bitcoinwiki, it says that to date there have been no verifiable incidents of Bitcoins stolen from hardware wallets and much of the time, the software is open source, allowing a user to validate the entire operation of the device. so... ;)

A really important point is not to operate on a public Wifi....there are already several cases where hackers have stolen bitcoins on open unsecure wifis.
Yes, it is better to disconnect all possible purses from network access

Offline SpectroCoin.com

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Re: What is your best Bitcoin Security practices?
« Reply #13 on: March 22, 2018, 03:55:08 PM »
Paper wallets or hardware wallets is one way to go, but once lost, it's gone. Some online wallets such as SpectroCoin have 2FA for logins and for each attempt of a transaction. It also notifies you whenever a new IP address logs in to your account and stores the cryptocurrencies in an offline (cold storages). It provides a very secure environment for all users and promotes safety for such an era.

Offline CryptoCZ

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Re: What is your best Bitcoin Security practices?
« Reply #14 on: March 25, 2018, 10:45:47 AM »
Paper wallets or hardware wallets is one way to go, but once lost, it's gone. Some online wallets such as SpectroCoin have 2FA for logins and for each attempt of a transaction. It also notifies you whenever a new IP address logs in to your account and stores the cryptocurrencies in an offline (cold storages). It provides a very secure environment for all users and promotes safety for such an era.
But access to the wallet can be obtained from the network, it is not disconnected?

Offline jitenrajput

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






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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.
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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.

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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?

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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

Offline BestW1shes

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Re: What is your best Bitcoin Security practices?
« Reply #30 on: June 04, 2018, 12:10:24 PM »
i think hardware wallet is good choice

Offline andrewbenson

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Re: What is your best Bitcoin Security practices?
« Reply #31 on: June 07, 2018, 01:33:27 PM »
The best Bitcoin purse is blockchain...but i have a simple question...am i able to convert MUSDcoins to BTC?????

Offline BestW1shes

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Re: What is your best Bitcoin Security practices?
« Reply #32 on: June 07, 2018, 01:54:34 PM »
The best Bitcoin purse is blockchain...but i have a simple question...am i able to convert MUSDcoins to BTC? ??? ?
MUSDcoins Is there an exchange?

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Re: What is your best Bitcoin Security practices?
« Reply #33 on: July 01, 2018, 09:20:34 AM »
Hi everybody, what security means for bitcoins exist, can anybody explain it to me? Thanks!

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Re: What is your best Bitcoin Security practices?
« Reply #34 on: July 01, 2018, 09:21:54 AM »
I`ve heard something about blockchain technology and that it`s connected with bitcoin security, is it so, guys?

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Re: What is your best Bitcoin Security practices?
« Reply #35 on: July 03, 2018, 05:23:56 AM »
My best bitcoin security practice would be to store bitcoin in a wallet and not exchange platforms. Save your secret keys on a hard drive, external if possible. And most importantly, do not save passwords on your computer. Apart from trading and mining bitcoin, if you are looking to advertise your business on a crypto-friendly advertising platform, then Adconity is the place for you as Adconity is a user-friendly crypto-based advertising platform for advertisers and publishers with competitive pricing options. Visit the website for more information.

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Re: What is your best Bitcoin Security practices?
« Reply #36 on: July 03, 2018, 01:38:47 PM »
My best bitcoin security practice would be to store bitcoin in a wallet and not exchange platforms. Save your secret keys on a hard drive, external if possible. And most importantly, do not save passwords on your computer. Apart from trading and mining bitcoin, if you are looking to advertise your business on a crypto-friendly advertising platform, then Adconity is the place for you as Adconity is a user-friendly crypto-based advertising platform for advertisers and publishers with competitive pricing options. Visit the website for more information.
Do you mean a paper wallet or a wallet like a ledger or a trezor?

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Re: What is your best Bitcoin Security practices?
« Reply #37 on: July 18, 2018, 10:03:36 AM »
Need Blockchain consulting visit our website below
Amotionlabs.com

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Re: What is your best Bitcoin Security practices?
« Reply #38 on: July 29, 2018, 08:00:37 PM »
I would advise the best Bitcoin purse is blockchain

Offline BestW1shes

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Re: What is your best Bitcoin Security practices?
« Reply #39 on: July 30, 2018, 06:35:33 PM »
Need Blockchain consulting visit our website below
what a website?

Offline daviddaniels

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Re: What is your best Bitcoin Security practices?
« Reply #40 on: August 06, 2018, 11:25:44 AM »
For ICOs specifically, the KYC and ID verification methods are a great method to avoid frauds which are prevalent in Crypto industry.


Read More: https://shuftipro.com/blogs/kyc-aml-compliance-can-help-cryptocurrencies-earn-legitimacy/

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Re: What is your best Bitcoin Security practices?
« Reply #41 on: August 08, 2018, 12:44:29 PM »
The important thing for ICOs is to get kyc verified. Different ICOs like KICKICO and Swiss Alps Mining have partnered with Shufti Pro an ID verification company to do their ICOs.


Read more: https://shuftipro.com/blogs/kyc-services-for-icos/

Offline kalii

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Re: What is your best Bitcoin Security practices?
« Reply #42 on: August 08, 2018, 02:32:52 PM »
Paper wallet !!

Offline daviddaniels

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Re: What is your best Bitcoin Security practices?
« Reply #43 on: August 10, 2018, 10:59:07 AM »
KYC and AML for ICOs is the best security protection available in the market. I would suggest newbies to watchout for that this will not be a fraud.

Offline FutureICO

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Re: What is your best Bitcoin Security practices?
« Reply #44 on: August 10, 2018, 08:25:17 PM »
To be fair, the biggest security is when you are aware of all the developments that work around the field. IF you sure of that then you are sure to get plenty of rewards but if you don’t then it automatically puts you in major risk.

I make it my priority to keep myself updated with all the latest news and updates, which really works right for me and brings me a lot of rewards.

Offline Falconnerie

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Re: What is your best Bitcoin Security practices?
« Reply #45 on: August 11, 2018, 07:50:28 PM »
The best security is to not participate in any ICO


 

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