Advertise with us (we do not endorse any site advertised)

Author Topic: What is your best Bitcoin Security practices?  (Read 9506 times)

0 Members and 1 Guest are viewing this topic.

Offline bitcoinforum.comTopic starter

  • Administrator
  • Legendary Member
  • *******
  • Joined: Nov 2011
  • Location: bitcoinforum.com
  • Posts: 1481
  • Country: bz
  • Thanked: 29 times
  • Karma: +29/-0
  • Gender: Male
  • The Bitcoin genie is already out of the bottle.
    • facebook.com/bitcoinforum
    • flickr.com/bitcoinforum
    • bitcoinforum.livejournal.com
    • reddit.com/user/bitcoinforum
    • stumbleupon.com/stumbler/bitcoinforum
    • bitcoinforum.tumblr.com
    • twitter.com/bitcoinforumcom
    • bitcoinforum.wordpress.com
    • View Profile
    • bitcoinforum.com
  • Bitcoin Address: 3BWV2PzZAgzqQQQetShbq6esAVmFs7hf1C
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)
Latest stable Bitcoin version
Latest stable Electrum version


Offline 101Crypta

  • Newbie
  • Joined: Jan 2018
  • Posts: 3
  • Karma: +0/-0
    • View Profile
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

  • Newbie
  • Joined: Feb 2018
  • Posts: 10
  • Country: 00
  • Karma: +0/-0
    • View Profile
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.
Best Monero CPU+GPU miner with self-benchmark
http://www.xmrcgpu.com

Offline Hardmandie

  • Newbie
  • Joined: Dec 2017
  • Posts: 10
  • Country: 00
  • Karma: +0/-0
    • View Profile
    • Trade Forex with Your Bitcoin
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.
Trade Forex with Your Bitcoin at https://www.profiforex.com

Offline BlockTechnology

  • Newbie
  • Joined: Dec 2017
  • Posts: 48
  • Karma: +1/-0
    • View Profile
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

  • Newbie
  • Joined: Aug 2017
  • Posts: 11
  • Country: 00
  • Thanked: 1 times
  • Karma: +0/-0
    • facebook.com/exadexorg-308953406102375/
    • linkedin.com/in/bitcointrading/
    • reddit.com/user/bitcoinzak/
    • stumbleupon.com/stumbler/BitcoinJack
    • twitter.com/exadex_org
    • View Profile
    • Exadex
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

  • Newbie
  • Joined: Feb 2018
  • Posts: 11
  • Country: sg
  • Karma: +0/-0
    • facebook.com/https://www.facebook.com/crxzone/
    • View Profile
  • Bitcoin Address: 15v368AduPHpU4n4f9R6fk9CnEbzFP34DH
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

  • Jr. Member
  • *
  • Joined: Feb 2018
  • Posts: 71
  • Thanked: 1 times
  • Karma: +0/-0
    • View Profile
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

  • Newbie
  • Joined: Mar 2018
  • Posts: 9
  • Country: 00
  • Karma: +0/-0
  • Gender: Male
  • Same
    • View Profile
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

Offline innate

  • Jr. Member
  • *
  • Joined: Jan 2018
  • Posts: 75
  • Thanked: 1 times
  • Karma: +1/-0
    • View Profile
Re: What is your best Bitcoin Security practices?
« Reply #9 on: March 05, 2018, 06:41:38 AM »
I am truly appreciate your site, This site features are very amazing.

Offline CryptoCZ

  • Jr. Member
  • *
  • Joined: Feb 2018
  • Posts: 71
  • Thanked: 1 times
  • Karma: +0/-0
    • View Profile
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

  • Newbie
  • Joined: Mar 2018
  • Posts: 7
  • Karma: +0/-0
  • HODL!
    • View Profile
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

  • Jr. Member
  • *
  • Joined: Feb 2018
  • Posts: 71
  • Thanked: 1 times
  • Karma: +0/-0
    • View Profile
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

Online SpectroCoin.com

  • Newbie
  • Joined: Jan 2015
  • Posts: 20
  • Country: 00
  • Karma: +0/-0
  • ETH, XEM, DASH, BTC EXCHANGE & BLOCKCHAIN WALLET
    • facebook.com/spectrocoin
    • reddit.com/user/SpectroCoin_support
    • twitter.com/spectrocoin
    • View Profile
    • SpectroCoin.com
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

  • Jr. Member
  • *
  • Joined: Feb 2018
  • Posts: 71
  • Thanked: 1 times
  • Karma: +0/-0
    • View Profile
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

  • Newbie
  • Joined: Feb 2018
  • Posts: 22
  • Country: hk
  • Karma: +0/-0
  • Gender: Male
    • View Profile
    • Encybit
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.






Cryptography & Bitcoin Consultant @ encrybit.io

Offline CryptoCZ

  • Jr. Member
  • *
  • Joined: Feb 2018
  • Posts: 71
  • Thanked: 1 times
  • Karma: +0/-0
    • View Profile
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

  • Newbie
  • Joined: Mar 2018
  • Posts: 14
  • Karma: +0/-0
  • HODL!
    • View Profile
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

  • Newbie
  • Joined: Apr 2018
  • Posts: 33
  • Thanked: 1 times
  • Karma: +0/-0
  • HODL!
    • View Profile
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.
The following users thanked this post: saturn.network

Offline saturn.network

  • Newbie
  • Joined: Apr 2018
  • Posts: 28
  • Country: 00
  • Karma: +0/-0
  • https://saturn.network
    • View Profile
    • Saturn Network
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.
Sam - https://saturn.network - Community Manager
blog: https://rados.io
DEX: https://radex.ai

Offline GODcoin

  • Newbie
  • Joined: Apr 2018
  • Posts: 10
  • Country: 00
  • Karma: +0/-0
  • GODcoin ICO Launch Now LIVE!!
    • facebook.com/GOD.coin.gold
    • plus.google.com/110351809386138038654
    • linkedin.com/in/theofficialgodcoin
    • reddit.com/user/godcoingold
    • stumbleupon.com/stumbler/godcoingold
    • tumblr.com/blog/godcoingold.tumblr.com
    • twitter.com/GodCoinGold
    • View Profile
    • GODcoin Official Website
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

  • Newbie
  • Joined: Feb 2018
  • Posts: 9
  • Karma: +0/-0
    • View Profile
Re: What is your best Bitcoin Security practices?
« Reply #21 on: April 09, 2018, 12:22:36 PM »
I am truly appreciate your site, This site features are very amazing.also please choose reliable online shop if you want to but bitcoin ASIC miner ,maybe AKMiner could help you well ,it is professional miners supplier based in China and many global retail clients bought from here .

Offline KakushinEcosystem

  • Newbie
  • Joined: Apr 2018
  • Posts: 2
  • Country: 00
  • Karma: +0/-0
  • HODL!
    • facebook.com/https://www.facebook.com/KakushinEcosystem
    • reddit.com/user/https://www.reddit.com/r/Kakushin/
    • twitter.com/https://twitter.com/kakushineco
    • View Profile
    • Kakushin Ecosystem
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.
Kakushin Ecosystem

Online SpectroCoin.com

  • Newbie
  • Joined: Jan 2015
  • Posts: 20
  • Country: 00
  • Karma: +0/-0
  • ETH, XEM, DASH, BTC EXCHANGE & BLOCKCHAIN WALLET
    • facebook.com/spectrocoin
    • reddit.com/user/SpectroCoin_support
    • twitter.com/spectrocoin
    • View Profile
    • SpectroCoin.com
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

  • Newbie
  • Joined: Apr 2018
  • Posts: 11
  • Karma: +0/-0
  • HODL!
    • View Profile
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.

Offline yazzy

  • Newbie
  • Joined: Apr 2018
  • Posts: 16
  • Karma: +0/-0
  • HODL!
    • View Profile
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

  • Newbie
  • Joined: Apr 2018
  • Posts: 1
  • Karma: +0/-0
  • HODL!
    • View Profile
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

  • Jr. Member
  • *
  • Joined: Feb 2018
  • Posts: 71
  • Thanked: 1 times
  • Karma: +0/-0
    • View Profile
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

  • Jr. Member
  • *
  • Joined: Nov 2017
  • Posts: 63
  • Country: 00
  • Karma: +0/-0
    • View Profile
  • Bitcoin Address: 1BBz5PuGVnH1ZKn1WwUniA68kTURzUG4Ea
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

  • Newbie
  • Joined: May 2018
  • Posts: 30
  • Karma: +0/-0
  • HODL!
    • View Profile
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

  • Newbie
  • Joined: May 2018
  • Posts: 27
  • Karma: +0/-0
  • HODL!
    • View Profile
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

  • Newbie
  • Joined: May 2018
  • Posts: 12
  • Karma: +0/-0
  • HODL!
    • View Profile
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

  • Newbie
  • Joined: May 2018
  • Posts: 27
  • Karma: +0/-0
  • HODL!
    • View Profile
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?


 

New free bitcoin security test

Started by bitcoinwallettest

Replies: 0
Views: 741
Last post February 22, 2014, 02:18:04 PM
by bitcoinwallettest
Bitcoin-Qt, bitcoind version 0.5.2 released

Started by bitcoinforum.com

Replies: 1
Views: 178861
Last post March 09, 2012, 12:09:19 PM
by marked
Bitcoin Magazine

Started by bitcoinforum.com

Replies: 2
Views: 136332
Last post December 04, 2012, 11:55:55 PM
by bitcoinforum.com
How did you get into bitcoin?

Started by bitcoinforum.com

Replies: 345
Views: 3442860
Last post June 15, 2018, 01:33:17 PM
by BestW1shes
Take the Name.com Survey VOTE for BITCOIN!!!

Started by bitcoinforum.com

Replies: 4
Views: 117452
Last post October 19, 2014, 02:01:55 PM
by narf79

your ads here