Topic: Best storage methods (Read 271 times)

Well, before choosing the wallet, we must have the goal clear, if the idea is only to save the coins and hold them until they bump, then a cold wallet is the best option, it could be a trezor or a paper wallet. other way, if the goal is to use those funds, then you should go with a hot wallet like Electrum or blockchain.com.

My stuff usually just gets encrypted using 7zFM in a nice zip file.
The file/folder also ultimately looks corrupted to a regular user too so it normally gets overlooked quite well .

Paper burns at less than 100 degrees and undergoes water damage and other damage. Even a hard drive will do better, the magnets used to destroy them are ultimately your fault if you’re careless with them...

Please, please.. do NOT use bitlocker.

Bitlocker is:

• Closed source
  You don't know what it is really doing
• known to have vulnerabilities
  They had A TON vulnerabilities in the past. I wouldn't exclude that there are still many more included
• made by microsoft..

If you want to create an encrypted drive on windows, use VeraCrypt (the successor of TrueCrypt). It is open-source, maintained and more secure than bitlocker can ever be.


Even though i don't agree with you that a digital backup is better than a hand-written one (since electronic devices can always break easily), i heavily discourage from using bitlocker. For the sake of your privacy AND security, switch to VeraCrypt.

For me, if I can safely get the seed words and use it efficiently then I will use it. Of course, check out reviews of it. A lot of people now share experiences on blogs, reviews, and communities you just need to google it.

They are many Reddit posts about what best wallet to use. And also here in the forum this is asked so many times. I think they are almost pointing to one thing.

Check out this one post here in bitcointalk - https://bitcointalksearch.org/topic/currently-best-means-of-offline-storage-5044415

I usually first do research about different wallets available... There are tons of them. Mostly look out for reviews from people who have used it before and it best to use popular wallets, the ones that are unpopular are quite tricky. The first important thing is Security.
Does it have 2FA feature? If it's a mobile app does it have pin encryption or finger print authentication
I also try to find out if I can generate an address with a private key I can have control over.
And lastly I look at the user interface. Is it user friendly?

Thanks for your insight, i'm always curious of different opinions in this space.

1. You want a wallet where you can gain access to your seed/private keys and it is compatible with other systems (if it's web based) or you have an archive of it if it's a piece of software.
2. You want a wallet to be encryptable so if you leave a drive lying around, then you can know your wallet is almost fully secure for when you recover it and transfer the funds to a different wallet.
3. If you go with a webbased wallet, I'd suggest incognito mode or even a separate browser being used to access it.
4. 2FA or multisig can sometimes come in handy depending on your security, search habits and amount you're storing. (I happily stored 1.3BTC on a hot electrum wallet when it's value was about $21k without any issues as I tend to stick mainly to bitcointalk and only a few other sites). If you frequent freeporn sites or sites that can get you trojans, you're going to want to sandbox a computer or just stop visiting them on a new computer you get...
5. Once you get a seed, a lot of pepole seem to write them down however I think personally that that's a bad principle, you could put it on a bitlocker(ed) pendrive instead and it will be safer there... Tiny things you can think of to make things more secure are also worth taking a look into as a tiny security improvement can go far...

I know cold storage is arguably the most secure method, but it isn't always practical.

Considering this, what features / facilities do you look for when selecting a digital wallet?