Have a secure bitcoin wallet

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A bitcoin wallet is just like any other kind of safe where we keep our money. In this case a bitcoin wallet is an online tool that keeps your money safe. Transfer of money with bitcoin is very easy.

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Have a secure bitcoin wallet

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A bitcoin wallet is just like any other kind of safe where we keep our money. In this case a bitcoin wallet is an online tool that keeps your money safe. Transfer of money with bitcoin is very easy. When there are such kinds of characteristics a matter of concern to secure your money come in to consideration. If bitcoin is used correctly then it can be the best to provide security for your money. You are responsible for your money at all times. This means that you are supposed to adopt the best ways in what you do so as to keep your money safe.

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Take precaution on matters concerning where you are keeping your money and especially when it is about online money. There are many online wallets that have really suffered great since they are not able to provide up to standard security. They are still continuing but still they are not able to meet the security and insurance requirement that money needs. By this you find that there are people who come up with bleached wallets and at the end of the day a lot of cash goes missing. When choosing a bitcoin company you should be very careful so that your money is safe. Bitcoin wallet should be protected against theft by using a hardware theft like TREZOR which has got two main functions-keeping your money in an offline storage and secondly to give security to your money from virus, keylogger and hackers.

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When making a secure bitcoin wallet you are to set up a cloud back up service that suit you best. Make sure that the password that you have made is unique and strong in a way that no one can be able to hack. The password should contain at least twenty characters long. Don’t ever use that password in any other place. Make sure you don’t forget the password. Try to recite it as many time as possible so that you will be getting it directly from your head. Have it written on a paper and store it in a deposit box in case for future use. Download Bitcom Linux binary and have it saved in your USB drive. Shut the computer down and boot Linux distribution of your choice from a live CD. Disconnect your computer from the internet. Open you bitcoin while you have disconnected from the internet. You will see zero connections and zero blocks. A wallet.dat file and a bitcoin address will still be generated. Make a strong password to your wallet and a different one from the first one, copy wallet.dat in your USB drive. Then save bitcoin address to a text file then copy it in your USB drive. Shut down your system and computer. Remove all power sources for a minute them turn on your computer. Then back up wallet.dat file and send to friends whose email you had attached and request them to save you. On your USB drive there is an address saved send bitcoins to it. Check that you have sent them in the block explorer.

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