Author Topic: What is your best Bitcoin Security practices?  (Read 681571 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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The following users thanked this post: emma.lee1890, EmmaRobbe

Offline Linh_trg

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Re: What is your best Bitcoin Security practices?
« Reply #60 on: September 06, 2018, 07:13:45 AM »

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I think the best way to secure your bitcoin is by using a good user authentication toolkit for your electronic wallet. Have you heard of Trust Sum&Substance? I found information about them here:
Trust Sum&Substance’ user authentication toolkit for ICOs to ensure regulations are met and your company is able to stay in compliance while protecting sensitive data. This program can be used with money transfers, electronic wallets and other financial tools to prevent identity theft or unauthorized access of private data. This program works with web and mobile applications and determines authenticity of documents while complying with local and global regulations. Data is encrypted and stored separately from the decryption keys while constant monitoring ensures regular checks are performed on all aspects of the system. This system provides bank-level security while ensuring you continue to achieve maximum conversions. Learn more about Sum&Substance SaaS toolkit through the company website subsum.com or email info@sumsub.com for more information.

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #61 on: September 06, 2018, 05:26:37 PM »
I would advise the best Bitcoin purse is blockchain
One of the best practice in terms of securing your email account or your wallet is to setup a Two Factor Authentication

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #62 on: September 06, 2018, 05:27:18 PM »
I think the best way to secure your bitcoin is by using a good user authentication toolkit for your electronic wallet. Have you heard of Trust Sum&Substance? I found information about them here:
Trust Sum&Substance’ user authentication toolkit for ICOs to ensure regulations are met and your company is able to stay in compliance while protecting sensitive data. This program can be used with money transfers, electronic wallets and other financial tools to prevent identity theft or unauthorized access of private data. This program works with web and mobile applications and determines authenticity of documents while complying with local and global regulations. Data is encrypted and stored separately from the decryption keys while constant monitoring ensures regular checks are performed on all aspects of the system. This system provides bank-level security while ensuring you continue to achieve maximum conversions. Learn more about Sum&Substance SaaS toolkit through the company website subsum.com or email info@sumsub.com for more information.
You should learn about the different types of services designed to keep your balance online. Many online exchange places and wallets have experienced security flaws. Generally they still do not provide certainty and security that exist for use as a storage like a bank. Instead, you can use other Bitcoin Wallet services. If not, you should choose this type of service carefully. In addition, it is highly recommended to select services that use two-factor authentication.

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #63 on: September 06, 2018, 05:29:22 PM »
The best security is to not participate in any ICO
t is always good to have a back up, however everything is hackable spending some time with internet that connects your cold storage to the network might rise some doubts that your holding[/size]BTC[/size] is at risk.

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #64 on: September 06, 2018, 05:31:31 PM »
The very important security practise is a strong password which is not used on any other website or account. This is the simplest rule, right? But still not everyody understand it's power.
You will only find yourself transferring bitcoin every now and then and will repeat the same process over and over.

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #65 on: September 06, 2018, 05:32:25 PM »
A paper wallet is working fine for me
Regarding to wallets don't use any web wallets except blockchain . info because they have some advantage also, just backup the recovery phrase so you're safe all the time.

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #66 on: September 06, 2018, 05:34:58 PM »
Hey,

The best and most secure way is to use encryption to hide information, and if can handle a piece of paper then that is the safest way because devices can are hackable if not now might be possible in future.
Be paranoid. [/size]Assume if it can be compromised it is compromised. Be vigilant. Be smart. Learn a lot, read about security etc.

Offline MaRiNA_098

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Re: What is your best Bitcoin Security practices?
« Reply #67 on: September 17, 2018, 11:10:51 AM »
I`ve read so many times that i should never keep my cryptos on an exchange wallet. I don`t really understand why it is so important. Big exchanges guarantee high standards of security. CoinDeal for instance stores funds in cold wallets and 90% of funds are stored OFFLINE and are out of reach of the computer system. It prevents situations like private key losses, programming errors or system failure.

Offline cryptodude

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Re: What is your best Bitcoin Security practices?
« Reply #68 on: September 18, 2018, 01:18:50 PM »
It is best to remain anonymous and calm about all your bitcoin practices and activities.

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #69 on: September 30, 2018, 07:19:26 AM »
I would advise the best Bitcoin purse is blockchain But access to the wallet can be obtained from the network,

Offline AndrejWarhola

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Re: What is your best Bitcoin Security practices?
« Reply #70 on: October 26, 2018, 12:23:22 PM »
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Re: What is your best Bitcoin Security practices?
« Reply #71 on: October 31, 2018, 09:05:36 AM »
blockchain wallet the best
www.BitcoinXCash.com - bitcoin exchange

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Re: What is your best Bitcoin Security practices?
« Reply #72 on: November 10, 2018, 03:54:46 AM »
If you aren't putting your Bitcoins inside of a paper wallet, I would recommend purchasing a hardware wallet to properly secure yours so that they dont get lost, or stolen by hackers. Check out my newsletter for a free 4-day course on storing, securing and insuring your Bitcoin investment.

Offline AndrejWarhola

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Re: What is your best Bitcoin Security practices?
« Reply #73 on: November 12, 2018, 11:45:30 AM »
I prefer "cold storage" wallets


i am agree with you. it's right selection.

Offline emma.lee1890

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Re: What is your best Bitcoin Security practices?
« Reply #74 on: November 14, 2018, 05:19:24 PM »
One of the best practice in terms of securing your email account or your wallet is to setup a Two Factor Authentication, a code that is needed to login into your account besides your own password that will be sent through text message to your mobile phone, email address etc. another thing is when your copying your private keys don't save it online or in notepad, write it on a piece of paper.

 

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