Topic: Best current cold storage method - page 3. (Read 6710 times)
At current the best available options for everyone are paper wallet and core wallet with strong password while your machine must be protected with some well reputed antivirus.I am using these methods successfully so far and it is working flawlessly for me.
I got a Trevor on the way should be here today or tomorrow.
Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle. Procrastinating cost me a lot of money here.
Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle. Procrastinating cost me a lot of money here.
You made the right choice, you will like the Trezor. Have you looked into getting an account set up at Gemini?
Wallet is all the best and i recommend to use blockchain.info for safe and secure your BTC ! 
I got a Trevor on the way should be here today or tomorrow.
Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle. Procrastinating cost me a lot of money here.
Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle. Procrastinating cost me a lot of money here.
Ebay, some of the prices are quite reasonable and maybe cheap atm considering the price jump
I got a Trevor on the way should be here today or tomorrow.
Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle. Procrastinating cost me a lot of money here.
Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle. Procrastinating cost me a lot of money here.
Paper/brain wallet. No other methods. Because every device having the possibility to affect by the virus even that device doesn't ever connected to the internet. http://www.virusresearch.org/computer-virus-using-inaudible-sound-waves-to-transmit-data/
No matter what, you would still expose your device to an offline or online device to sign and broadcast transactions. Brainwallet is quite insecure nowadays and would have very little entropy compared to a paper wallet generated with bitaddress.org.
Paper/brain wallet. No other methods. Because every device having the possibility to affect by the virus even that device doesn't ever connected to the internet. http://www.virusresearch.org/computer-virus-using-inaudible-sound-waves-to-transmit-data/
I have read around some and cant find much that isnt a few years old.
Im new to BTC and was going to keep a few hundred $ worth on blockchain.info to spend and then invest in a few thousand $ in an offline manner. Is a paper wallet the best bet? I am not very tech savvy. Also where is the best exchange to buy from? Thanks in advance.
Im new to BTC and was going to keep a few hundred $ worth on blockchain.info to spend and then invest in a few thousand $ in an offline manner. Is a paper wallet the best bet? I am not very tech savvy. Also where is the best exchange to buy from? Thanks in advance.
For convinience a backup wallet.dat and Bitcoin Core would be very secure and my recommended method to keep them safe.
Of course you can also use cold storage options like a paper wallet or download wallets that provide those capabilities such as Armory.
Copy you wallet.dat on USB and put USB into some bank.
The other option is use an old offline laptop, if you need more frequent access to your coins.
However, the laptop needs to be offline ALL THE TIME, besides few minutes when u send coins. Also, in this case you need backup as well so probably the best option would be combination of these two.
The other option is use an old offline laptop, if you need more frequent access to your coins.
However, the laptop needs to be offline ALL THE TIME, besides few minutes when u send coins. Also, in this case you need backup as well so probably the best option would be combination of these two.
in the future i know i would use instead of an usb or something else, a ssd with m.2 technology, or an evolution of it, they last longer and have better speed, while remaining very easy to connect
So I made my first purchase on Coinbase and it limited me to $500. I verified my ID and my credit card. Is there any other way to get more BTC sooner? I dont want to wait the 3 days or whatever it is.
You could also open an account at Circle.com.
Thanks, just did that. Are Circle and coinbase pretty much the two to stick with?
You could also check out Gemini and Coinsetter.
I just shut down my Gemini account. I hope they can get it figured out but in the starting period I'm going to sit it out instead. Got an email from them talking about security issues and having to ramp up a lot of their security measures. Not something they should have shared directly with a customer. They also did not stick to their advertised time frames (deposit, verify, etc.). I'm sure they'll work out the kinks and I'll be back but like I said earlier, going to wait it out.
Is there a good link to read more on multi-sig? Trying to educate myself as much as possible.
http://docs.electrum.org/en/latest/multisig.html
&
http://blog.coinkite.com/post/102291566521
is a good start.
I recommend and use a Hardware wallet, Trezor, Keepkey or Ledger.
Thanks omahapoker. Appreciate the insight.
I don't think Circle has a place in this thread, to be honest.
What is this service and how I can be sure that my coins are safe with them? I thought that any online wallet or deposit is generally considered not viable method of keeping your coins.
As service, site or deposit can be hacked, and probably will at some point.
I don't think Circle offer a dedicated storage service like the Xapo vault and Coinbase's similar service. I know that both of them are insured for hacks at their end, I assume Circle is the same. There's still no way I'd keep decent amounts anywhere like that. I think Circle introduced limits on how much you could withdraw recently. They're moving more towards a USD layer on top of Bitcoin.
So I made my first purchase on Coinbase and it limited me to $500. I verified my ID and my credit card. Is there any other way to get more BTC sooner? I dont want to wait the 3 days or whatever it is.
You could also open an account at Circle.com.
As service, site or deposit can be hacked, and probably will at some point.
I have read around some and cant find much that isnt a few years old.
Im new to BTC and was going to keep a few hundred $ worth on blockchain.info to spend and then invest in a few thousand $ in an offline manner. Is a paper wallet the best bet? I am not very tech savvy. Also where is the best exchange to buy from? Thanks in advance.
Im new to BTC and was going to keep a few hundred $ worth on blockchain.info to spend and then invest in a few thousand $ in an offline manner. Is a paper wallet the best bet? I am not very tech savvy. Also where is the best exchange to buy from? Thanks in advance.
hard to say "best".
use a hardware wallet for a part of your coins:
https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253
That is what I have done. The hardware wallets I use (Ledger Nano and Trezor) are not that hard to figure out. LiteCoinGuy has a fantastic thread there which examines many options available now, from cheap to expensive.
And more hardware wallets are coming.
I would write down my private keys and put it into a safety deposit box in some obscure small town bank.
Copy your encrypted wallet.dat onto multiple USB sticks, and put them in safes, and leave one off-site with a trusted family member - Do not share your password with anyone.
@OP
Hard to disagree with the advice quoted above ^^
Personally I use a number of ways to store my bitcoins, I don't like to leave anything to chance & if something fucks up I don't want to lose my entire stash.
Do some research on a Trezor (a must have imo).
Use an "M-DISC"
So I made my first purchase on Coinbase and it limited me to $500. I verified my ID and my credit card. Is there any other way to get more BTC sooner? I dont want to wait the 3 days or whatever it is.
You could also open an account at Circle.com.
Thanks, just did that. Are Circle and coinbase pretty much the two to stick with?
You could also check out Gemini and Coinsetter.
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