23 Jan '14, 12pm

Bitcoin wallets: How to protect your digital currency

Bitcoin wallets: How to protect your digital currency

Never store your wallet identifier with your password. Initiate major transactions (including cash exchange) from your own PC - not one that is shared - or one that boots as a dedicated virtual machine Use your phone wallet for small transactions when traveling. Just as with a real wallet, carry only the cash required for anticipated transactions. By their very nature mobile devices are continuously exposed to outside threats. If you must engage in a large transaction away from home, use your phone to access an online wallet. It can be unsafe to access an online wallet from a PC that you do not own. Limit internet-connected wallets to the minimum reserve that you absolutely must leave online for ready access. Backup your wallet after every transaction to encrypted storage or an offline device, and then sweep to another wallet. (Do this even for transactions with your prima...

Full article: http://nakedsecurity.sophos.com/2014/01/23/bitcoin-wallet...

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