Wallet Security Dos and Don'ts

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This article should not be considered as a replacement for the more in-depth articles on best practices, however key points in wallet security:

Do

  • DO encrypt your wallet with a strong passphrase
  • DO backup your wallet
  • DO use recommended software from the list at https://bitcoin.org/en/choose-your-wallet
  • DO keep your OS up to date and run a virus scanner
  • DO use a paper/hardware wallet for storing significant amounts

Don't

  • DO NOT generate cold storage keys on Internet-connected machines.
  • DO NOT reconnect to the Internet a machine that has generated cold storage keys.
  • DO NOT reuse a wallet encryption passphrases with online services
  • DO NOT store your wallet on cloud storage (Dropbox, etc.)
  • DO NOT re-use addresses (this also applies to paper wallet addresses)

See also