Topic: Best current cold storage method - page 4. (Read 6721 times)
hardcode private key into an ingest-able micro computer and fuse with main brain frame, just turn your wifi off to make offline
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
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?
I made a fairly basic brain wallet a couple of months ago and the BTC is still there.
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.
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.
I'm still perfectly content with paper. I wouldn't trust flash memory or my brain.
But flash memory and brain is fire resistant (if you dont put it near fire)
Paper can easily burn if you have a house fire.
There are many electric items in my house that can catch fire anytime, I dont want it to burn down my private key.
Also the one who suggested memorizing your whole private key and address, come on. That's even worse, who knows what could happen in 2-10 years. You could hit your head, get a concussion, get blackout drunk, get a disease, whatever that could make you forget your address and key.
I dont know but isnt STORJ a good place to store your private key?
You can double encrypt it, and then upload it there, and it will be encrypted again. Triple encryption is impossible to break.
And then for safety reasons you can change your address and send the money to new funds every 2-3 years.
I'm still perfectly content with paper. I wouldn't trust flash memory or my brain.
But flash memory and brain is fire resistant (if you dont put it near fire)
Paper can easily burn if you have a house fire.
There are many electric items in my house that can catch fire anytime, I dont want it to burn down my private key.
Also the one who suggested memorizing your whole private key and address, come on. That's even worse, who knows what could happen in 2-10 years. You could hit your head, get a concussion, get blackout drunk, get a disease, whatever that could make you forget your address and key.
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.
i will really not trust on a usb on multiple usbs if your usb fell from your hand to the ground there are many chances its not gonna work or they got corrupted and a usb can anytime as to remove all data to open the folder i have faced many shits with flash drives
for me its paper wallet i find it more secure and again its depend how much you gonna store in there
I personally like to keep it in the form of a paper wallet. It is hidden in a secret place 
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Quote
Blockchain is a ledger. Blockchain.info is a service.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
I meant the blockchain.info wallet. So if I order the Trezor tonight, In the meantime what is the best course of action and which wallet should I be using?
Is it safe to use Electrum while I wait for Trezor? And which exchange should I buy from?
It isn't a too serious issue right now. The most serious one was with
I second that and would suggest using the multi-sig feature of Electrum (which uses a 2fa) for additional security.
That would actually be adequately secure for most users who don't own a hardware wallet
Quote
Blockchain is a ledger. Blockchain.info is a service.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
I meant the blockchain.info wallet. So if I order the Trezor tonight, In the meantime what is the best course of action and which wallet should I be using?
Is it safe to use Electrum while I wait for Trezor? And which exchange should I buy from?
It isn't a too serious issue right now. The most serious one was with
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.
Nice guide thank you for this.
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.
i think that simple paper wallet is best method. print private key, wipe all online existence.
Hate to have to ask, but when I google trezor there are two sites with it. One is https://www.bitcointrezor.com/ and the other is satoshilabs.com/trezor/ is it the same thing?
Edit: There also is an electrum.com and electrum.org. I DLed the wallet from the .org, hope im ok.
Edit: There also is an electrum.com and electrum.org. I DLed the wallet from the .org, hope im ok.
Yes, that should be safe.
Quote
Blockchain is a ledger. Blockchain.info is a service.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
I meant the blockchain.info wallet. So if I order the Trezor tonight, In the meantime what is the best course of action and which wallet should I be using?
Is it safe to use Electrum while I wait for Trezor? And which exchange should I buy from?
Quote
Blockchain is a ledger. Blockchain.info is a service.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
Blockchain.info is very weak in terms of security. They would allow anyone to download your encrypted wallet if the wallet ID is entered correctly if you don't have any 2FA. It's slightly more secure with 2FA but inside attacks is still possible. I would go for hardware wallet or at the very least offline paper wallet of I were to buy 5k BTC.
I meant the blockchain.info wallet. So if I order the Trezor tonight, In the meantime what is the best course of action and which wallet should I be using?
Trezor or Armory, I think.
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