Poll : How do you store/secure your coins ?

Thanks for your participation, It’s my first poll ever online :)

I personally store them in the client and save the .dat every time I reach a symbolic amount (100), but getting tired of the process honestly !

Have a good day :)

kris_davison

Once you have the address backed up it does not matter how many coins you have as the coins are not in your wallet there in the block chain. But if you add a new address a new backup is needed.

Wow !

To be honest with you I was pretty disappointed that nobody cared about responding, but reading you response just made my day !

So, the wallet.dat is actually the “account” file, glad to have learned that !

So in that case, if ever I had to use the .dat on a new computer, the encryption key of my wallet (that I created on my actual client) would be asked for transactions ?

Thank you for the info !

BikerGSX

Give it time drumamat, as for myself I’m keeping quiet, saying nothing, mouth taped up, and not telling. Secret.

ghostlander

If you have a kind of savings account for Feathercoin, print out the address and the corresponding private key, after that store it in a safe place. It doesn’t work for regular wallets because every time you send coins, the change goes to a different address of yours picked up from the key pool.

svennand

This is actually pretty interesting.

Can we have an discussion about how to best keep your coins safe.
I know most of these questions, but would be great to get it more discussed so more people can understand.

A couple of question examples:

*How many chars should the password on the wallet be at a minimum in these power computer times?

*How do you make a paper copy of the wallet, and how do you “restore” it from paper once you have had an crash or something.

*Once you have saved the wallet will you need to recopy the wallet.dat after getting new coins in?

*If you back up your wallet someplace (lets say on an usb and on dropbox), theeen you encrypt the wallet. what will happen if the first version that doesn’t have encryption get out after you have encrypted your newest copy?

*If you are really unlucky and a new user gets the same wallet as you have had for a while (chances are slim to non, but lets just say). You have encrypted your wallet, but the new guy hasn’t. what happens then?

Feel free to add more questions/answer em as we go along on this path :D

BikerGSX

Good questions svennand, so it is possable a new user to get your old wallet? I will be following this feed closely, and look forward to answers.

ghostlander

[quote name=“BikerGSX” post=“41928” timestamp=“1386571626”]
Good questions svennand, so it is possable a new user to get your old wallet? I will be following this feed closely, and look forward to answers.
[/quote]

The whole wallet? No. Unless he steals it from you.

To generate one of your private keys intentionally or incidentally? Technically yes, but the chance is very near zero, thus no.

Please realise that [b]your wallet doesn’t contain any coins[/b]. They are stored in the block chain. Your wallet is a data base for your key pairs and transaction records which can be re-generated. The key pairs can be imported and exported if necessary.

chatig89

My FTC on BTC-e. Is this safe?

ChekaZ

[quote name=“chatig89” post=“42000” timestamp=“1386586793”]
My FTC on BTC-e. Is this safe?
[/quote]

If you dont trade them, I would advise you do put them into your own local wallet.

flcph

hello

I have a question
if i need to re install the os system on my computer what is the best solution to keek my wallet safe…

thanks
frederic

svennand

[quote name=“flcph” post=“42047” timestamp=“1386597382”]
hello

I have a question
if i need to re install the os system on my computer what is the best solution to keek my wallet safe…

thanks
frederic
[/quote]

you need to backup your wallet.dat file. this is your wallet containing the necessary keys to claim the coins on the network.
youll find the file in: user/youruser/%appdata%/feathercoin/wallet.dat
If you cant find appdata go to settings and show hidden files.

Kevlar

[quote name=“chatig89” post=“42000” timestamp=“1386586793”]
My FTC on BTC-e. Is this safe?
[/quote]

Nope. If BTC-e goes down, or takes the money and runs, your coins are as good as gone.

The only thing that’s safe is keeping them at an address under your control. The safest way to store said address in on a piece of paper, because that can’t be hacked, and doesn’t get lost in a hard drive crash. Thus, paper wallets are the most secure way to store your coins.

There’s been a lot of questions recently about how to create paper wallets for Feathercoin. Perhaps some enterprising individual would like to write up a guide on how to make/use them?