About Bitcoin Armory Wallet
Armory Wallet is one of the oldest cold storage systems for Bitcoin. The BTC-only wallet allows you to store your Bitcoins away from prying eyes of hackers and scammers. This wallet has been one of the safest and most popular options for people who want to keep their BTC funds safe in an open source, cold storage wallet that provides offline functionalities too.
One core piece of infrastructure needed in the world of Bitcoin, is the ability of users (and especially businesses) to maintain their bitcoin funds in a way that minimizes risk of theft, but is still usable for conducting trade. However, “ease of use” and “security” tend to have an inverse relationship — most users have to settle for one or the other, but not both (and they frequently pick convenience).
Bitcoin Armory Wallet was designed from the ground up to give users the best of both worlds — it focuses first on maximizing security, and then provides a well thought-out interface to make using this security as simple as possible. Many users regard it as the only way for those with a significant investment in Bitcoin to use and protect their funds.
Beyond security and usability, Armory Wallet simply implements more features than any other Bitcoin client available. It includes Armory’s signature interface for offline wallets (also known as, “cold storage”), multi-signature transactions, simulfunding (escrow), one-time printable backups, multiple wallets interface, GPU-resistant wallet encryption, key importing, key sweeping, message signing, and more.
Best Bitcoin Wallet
Armory Wallet is the most secure and full featured solution available for users and institutions to generate and store Bitcoin private keys. This means users never have to trust the Armory team and can use it with the Glacier Protocol. Satoshi would be proud!
Users are empowered with multiple encrypted Bitcoin wallets and permanent one-time ‘paper backups’. Armory pioneered cold storage and distributed multi-signature. Bitcoin cold storage is a system for securely storing Bitcoins on a completely air-gapped offline computer.
The Armory team is highly experienced in cryptography and private key ceremonies. For example, they have collaborated with Verisign on developing an innovative Identity Verification Specification for establishing trust on the Internet. At Armory, we strive to constantly improve the best Bitcoin wallet with new security features.
Cold Storage Bitcoin Wallet
Armory Wallet pioneered easily managing offline Bitcoin wallets using a computer that never touches the Internet. Everything needed to create transactions can be managed from an online computer with a watching only wallet. All secret private key data is available only on the offline computer. This greatly reduces the attack surface for an attacker attempting to steal bitcoins.
By keeping all private-key data on the offline computer only someone with physical access to the offline computer can steal your Bitcoins. The actual process of creating a transaction and signing it with the offline computer can take less than a minute and then you can broadcast it to the network so Bitcoin miners can include it in a block. Plus, Armory employs many security practices so that even if someone physically stole your offline system then it still may take centuries for them to get through the advanced wallet encryption!
And multi-signature addresses are available using Lockboxes in a completely distributed way. Thus, there is no safer way to manage large sums of Bitcoins than with the best Bitcoin wallet, Armory!
Focus And Responsbility
Armory Wallet Technologies, Inc.’s primary focus is developing the most advanced and secure Bitcoin wallet. From the start Armory was designed to never compromise Bitcoin security. Users completely control the generation and storage of the Bitcoin private keys. Consequently, users must take full responsibility to protect their bitcoins. To help we created video tutorials.
How secure is Armory?
When it comes to security, few bitcoin wallets can compete with Armory. The wallet provides multi-signature support and decentralized lockboxes, which gives users full control over the creation and storage of cryptographic keys.
By enabling cold storage, the only way to lose your bitcoin is if someone physically stole your offline system, such as your offline computer. But even then, they’d have to penetrate Armory’s sophisticated wallet encryption, which the company says could take centuries to achieve.
Armory is also popular because it works with something called the Glacier Protocol, which is one of the most well-known cold storage systems for bitcoin.
Tips for securely storing your Armory Wallet
- Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
- Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
- Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
- Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
- Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
- Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.
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