Bitcoin Q&A: How do I secure my bitcoin?

dude sounds like nardwuar

Andreas is the best !!!!!

Is it a good idea/possible to have a wallet on a raspberry pi with raspbian?

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I bought $4 worth of bitcoin back in 2010 but my parents threw out everything I owned when I came out of the closet… every time I hear some smug millionaire say something like 2:25 I seriously want to kill myself

Great Video!

What happen if the third-party exchange where I stake my crypto, will dissapear ? ( But I have my keys)
How do I recover my funds on a new exchange or a new wallet using my keys?
These keys are only usable on this third-party exchange only ?

can someone please tell me
why finding private key to satoshi's wallet is impossible with enough computing, time and ulimited attempts?
please guys i wanna know

Hello @aantonop +aantonop , you mentioned this about a desktop wallet "…“They have software actively looking for bitcoin software; when they find it, they take it. Or they put a keylogger, wait for you to do a transaction, enter your password and then they take it…”. But if a hacker gets your password but not your desktop wallet app, how would they get into your account? Don't they also have to steal your desktop as well?

Hi Andreas, l have a copay wallet on my android, but l dont see a private key but l have the twelves words written down.

What is the twelves words?

And never ever buy a used Hardware Wallet because those can be manipulated and all your Bitcoins can go away before you know what is going on!

Very helpful!!

i have a question. if you do paper wallet how do u get the code? on the screen of the computer

Sooo.. how BAD is coinbase

"paper pencil" in a safe that someone could get to easily. not reliable or secure enough for my 0.00000001 BTC so i carved my 24 backup words into diamond that is stored off planet.

ouch… I feel stupid now. Thanks Andreas!

Danke ☘

This guy is a legend. Smart without seeming like a know it all, and funny without overdoing it.

Crypto Jesus confirmed.

Use anti monitoring good e.g. SpyShelter

I need to figure out how to get to Andreas' next speaking arrangement. God DAMN this dude is interesting to listen to

Lol sooooooo true ?

I keep my bitcoin on Coinbase. Any opinions I should know?

McAfee says our smartphones already have keylogers and screen capture programs from Russia and such how do I know my device is safe? As I see it if it's internet enabled it's not safe am I wrong?

How exactly do we know these software wallets on mobile, or even hardware wallets aren’t connecting to the internet? And don’t they need to be online to generate their seed?

What happens to all the lost bitcoins?

Etch your secret phrase into metal instead of paper!

And, regrettable late to the crypto revolution, have now just placed an order for a hardware wallet! Really like this guy, and we're currently living in exciting times.

Sorry but this advice to just keep your wallet seed in plaintext stored inside a safe is retarded. Anyone who has been burglarized knows exactly what I'm talking about – it can happen at any time, you never expect it, and they always go for safes. Also some of us live in apartments and we can't have gigantic multi-ton weight gun safes cemented into the ground to prevent theft.

CAN SOMEONE ANSWER PLEASE.
I wish to know that how come 12 words can backup 13 crypto currencies private, public, and password.
There must be a server or a 3rd party. or I miss understood?

Just a small nitpick on archiving paper:

Laminating is bad for long term preservation of information. The heat damages the paper and the plastic can degrade and damage the paper. IIRC Mylar is the go to material for preserving a record, ideally in a temperature controlled place that won't change much over time. I think caves tend to stay around the same temperature year round and independent of outdoor climate, but then you have to worry about moisture, so who knows? Here's a quote from an archive blog I just found, I encourage those interested in making a long term storage of a wallet seed or private key read into this stuff!

Lamination is almost impossible to reverse without causing great risk to the document itself.

The lamination process actually melts into the paper fibers of the document which makes delaminating difficult to almost impossible to accomplish.

Removing the lamination requires the use of solvents and chemicals that could potentially damage the inks, the paper or the skin of the person performing the remediation process.

The plastics used in lamination, usually cellulose acetate, are themselves inherently unstable and over time will deteriorate and cause more damage to the documents.

Delaminating documents can be extremely costly to have done and could potentially damage the documents further. Anyone considering delaminating their documents should consult with a professional conservator.

RIP Mycelium for iOS.

I hate to play devils advocate (and be gentle, were all learning here), but isnt this one of the inherent and severe weaknesses of bitcoin and cryptocurrencies as a whole?

There are any number of reasons that one could lose a password.

You cant expect the average person to adopt bitcoin and expect them to take on the responsibility of securing their personal wealth by themselves on a cold paper wallet and storing that wallet somewhere.

People are inherently lazy and stupid, even when it comes to their own accumulated wealth.

I think this will be one of the many obstacles for cryptocurrencies to overcome on their way to becoming a stable (usable) currency. There needs to be a way to easily, effortlessly and simply allow users to secure and store their cryptocurrencies in a way that does not negate the security of a decentralized network.