How do you guys store your bitcoin? They are in my vault on coinbase

You could just download a wallet like Electrum and store your BTC that way.

>>1701471
>They are in my vault on coinbase
i giggled vault huh?

>>1701483
come up with a more constructive comment please, elaborate

Trezor hardware wallet: https://bitcointrezor.com/

Don't keep your coins at an exchange. They will get hacked sooner or later.

i keep my coins on the exchanges.. i dont really care if they get hacked... theyre just free money at this point

How secure are paper wallets? Assuming it's in a fireproof box and no one but me has physical access to it?

How are they any different to simply writing down the private key and locking it away?

>>1701523
>How are they any different to simply writing down the private key and locking it away?
A paper wallet is a bunch of text that will generate a private key when e.g. run through sha256 hashing. So it's an indirect method of making a private key, vs. writing down the key itself. Also algorithms exist to make multiple private keys from a single passphrase, look at e.g. BIP 39 here
https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki

>>1701537
does this mean you can 'transfer' your bitcoins to this phrase?

>download bitcoin core
>save wallet.dat in several places
>run a node and support segwit while doing so

is breadwallet any safer than leaving em on coinbase or is it basically the same thing?

>>1701546
Yes, that's the only way to get them there.
>make up phrase
>convert phrase into private key
>get public address from private key
>transfer btc to this address
You should be very careful in choosing a sufficiently random phrase though. It has become profitable to just try lots of phrases and see if the corresponding private key contains btc.
for example:
https://www.reddit.com/r/Bitcoin/comments/1ptuf3/brain_wallet_disaster/
>The pass phrase was a line from an obscure poem in Afrikaans.
In that thread diceware is suggested as a method of generating a passphrase, I think that's reasonably secure.
Also read this
>https://www.reddit.com/r/Bitcoin/comments/1c9xr7/psa_using_paper_wallets_understanding_change/
in short: you can't take out just part of a paper wallet, once you send even a small amount from it the leftover btc gets transferred to a new address and the paper wallet is empty.

I've been using blockchain.info as my online wallert for several years now.

Safest bet is always an offline wallet, but so far i couldn't be arsed to do it, also i don't wanna end up the guy with 500btc on his HDD digging through garbagedisposal-sites.

>>1701571
But what if you end up the guy who left his bitcoin on a site that got hacked?

>>1701570
I've gotta wrap my head around this, I don't quite yet understand why the leftover btc would be transferred to some random address, I assume that you'd have to have access to that new address aswell

Bitcoin got hacked by the IRS.
Coinbase has to give them all info.

>rekt

>>1701471
KeepKey seems to be well liked for a hardware wallet.You can get it on amazon. I'm in the same position. Using coinbase. Gonna grab one of these in the next few weeks. There are cheaper options buuuuut I like the screen haha

I got mine on breadwallet ,i bought a trezor but it doesnt work on my version of OSX (10.7.5) and im not buying a new pc just to use my trezor,im not sure how a trezor is more secure than a paper wallet though since you still have to write down a password.

I might use usb or paper wallet

multibt or Jona's wallet

https://github.com/jonaspeterson/bitcoin-wallet

laminated paper wallet up by ass

>>1701622

What is the procedure of retrieving your Bitcoin in case of a hardware wallet failure/loss/break?

>>1701670
you take out your paper wallet and use that

>>1701670
you need a new one and then recover your wallet with 12 word phrase

Best option for noobs is one where you have a 12 word seed. Dealing with private keys directly you may fuck up and lose everything.

Test recovery using your seed and risking only a small amount of btc before risking a lot.

Use a hardware wallet or a dedicated device such as a cheap laptop or phone that is only used for btc, no other web browsing or apps.

>>1701694
this

>>1701694
Definitely agree with the design.

What software do you use for the wallet?

What OS do you run it on?

I'm currently looking for a x64 capable tablet that can run Ubuntu for precisely this purpose.

File: trezor-tx1.jpg (66KB, 800x450px) Image search: [Google]

66KB, 800x450px

>>1701471

I use Trezor, it is basically unhackable if used properly.

Coinbase is good for noobs taking their first step into Bitcoin, but its basically the Paypal of Bitcoin.