Best wallet for cold storage - page 4.

LiteCoinGuy

legendary

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In Satoshi I Trust

Quote from: Valta Crypto on July 20, 2015, 11:15:47 PM

Hi,
I'm going to save some Bitcoins for the future. Which is the safest way to store them?
I was thinking about a wallet on a usb flash drive. Which wallet should I choose?

Thank you

you can take a look here (hardware wallets):

https://bitcointalksearch.org/topic/overview-bitcoin-hardware-wallets-secure-your-coins-899253

talkbitcoin

legendary

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All I know is that I know nothing.

i use electrum as my wallet and i am happy with it so far. i use if on an offline computer that i will never connect it to network.

Mickeyb

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Move On !!!!!!

Quote from: Possum577 on July 21, 2015, 02:24:58 AM

The thing I don't like about Trezor is that it isn't mobile. I need a laptop or desktop to use it...not very good for on the road transacting. But if you use it for your vault, I guess it's a great option.

Install mycelium and you will have a great protection on the go with the Trezor! This is the best option for me by far!

Amitabh S

legendary

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Memorize 15-20 random words from a large dictionary. Take up to a week to memorize them, ensuring that you can recollect them even if someone woke you in the middle of the night.

Use a well known hash function to converts those words to a (sequence of) large integer(s). This is (are) your private key(s). This needs to be done carefully as the wrong way could render your system insecure. I would suggest

seed = SHA256(word1 || SHA256(word2) || SHA256(word3)... ) as the starting seed
and then use

SHA256(seed || i) to get the ith private key.

You have a (decently) unbreakable wallet now. Of course you need some coding skills to do this.

findftp

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Delusional crypto obsessionist

Quote from: boopy265420 on July 21, 2015, 09:03:18 AM

I will suggest for cold storage desktop client of Bitcoin Core with encryption of at least 15 letters password.I am doing this way my Bitcoins for myself and is working fine and safe for me till now.P.S you need to install some good antivirus on your machine to be safe from different types of viruses.

And don't forget to just install any anti virus and click and accept everything without reading.
Oh, but you could also just install linux.

boopy265420

legendary

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I will suggest for cold storage desktop client of Bitcoin Core with encryption of at least 15 letters password.I am doing this way my Bitcoins for myself and is working fine and safe for me till now.P.S you need to install some good antivirus on your machine to be safe from different types of viruses.

Herbert2020

legendary

Activity: 1946

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Quote from: Valta Crypto on July 20, 2015, 11:15:47 PM

Hi,
I'm going to save some Bitcoins for the future. Which is the safest way to store them?
I was thinking about a wallet on a usb flash drive. Which wallet should I choose?

Thank you

i am using electrum and i find it pretty easy to set up and use , and most importantly for me the good point is that i don't have to download the whole blockchain.
because i don't exactly have the best internet connection nor enough HDD.

findftp

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Delusional crypto obsessionist

Quote from: Ingatqhvq on July 21, 2015, 07:24:12 AM

Quote from: findftp on July 21, 2015, 06:30:31 AM

Quote from: Ingatqhvq on July 21, 2015, 05:30:34 AM

bitcoin core is the best choice if you want to cold storage your coins.

Tell me how.
Afaik it's a hot wallet

If you never ever connect it to the internet, then it is a cold wallet.
And it the most secure wallet, you don't need afraid any pseudo random wallet.

There is no problem in creating a random number.
Just take a dice and throw it 100 times to create a base6 number.

Voila, supersecure private key.
Stamp it in metal or carve it into stone.
Bury, wait, dig it up and retire.

n2004al

legendary

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The best wallet, according to me, is a wallet out of you computer. If not possible this I like to much coinbase. It's safe and credible. Millions of people use it. Some people like to store their bitcoins in their computer through the bitcoin core. This option is good only if you can store the dat file in a usb (better in two) in order to prevent los of bitcoins with the damage of the computer. And there are to may ways that the computer be damaged or crashed.

Ingatqhvq

hero member

Activity: 532

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Quote from: findftp on July 21, 2015, 06:30:31 AM

Quote from: Ingatqhvq on July 21, 2015, 05:30:34 AM

bitcoin core is the best choice if you want to cold storage your coins.

Tell me how.
Afaik it's a hot wallet

If you never ever connect it to the internet, then it is a cold wallet.
And it the most secure wallet, you don't need afraid any pseudo random wallet.

TinEye

hero member

Activity: 639

Merit: 500

Quote from: findftp on July 21, 2015, 06:30:31 AM

Quote from: Ingatqhvq on July 21, 2015, 05:30:34 AM

bitcoin core is the best choice if you want to cold storage your coins.

Tell me how.
Afaik it's a hot wallet

because it's the most secure, the recent invalid blocks, done by mining prove this, i'm talking about the last version, and it can be used with a cold storage on a safe machine, i don't see a problem in running a machine dedicated to the client only without surfing the web, downloading random exe and clicking on suspicious links

yuu don't agree on this?

findftp

legendary

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Delusional crypto obsessionist

Quote from: Ingatqhvq on July 21, 2015, 05:30:34 AM

bitcoin core is the best choice if you want to cold storage your coins.

Tell me how.
Afaik it's a hot wallet

Ingatqhvq

hero member

Activity: 532

Merit: 500

bitcoin core is the best choice if you want to cold storage your coins.

findftp

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Delusional crypto obsessionist

Quote from: notlist3d on July 21, 2015, 04:11:55 AM

Quote from: findftp on July 21, 2015, 04:06:28 AM

Quote from: Valta Crypto on July 20, 2015, 11:15:47 PM

Hi,
I'm going to save some Bitcoins for the future. Which is the safest way to store them?
I was thinking about a wallet on a usb flash drive. Which wallet should I choose?

Thank you

Take a strip of metal and carve your (unencrypted) private key into it and bury it somewhere.
You can also take a piece of polished granite to carve your private key, this way it will not be detectable by a metal detector.

If your just needing to hide from others something such as a in the wall compartment might work nicely: http://www.amazon.com/Meridian-Point-Hidden-Wall-Outlet/dp/B0082CRN2Q/

It will not protect you from fire though. So I suggest keeping copy of paper wallet in bank box.

Why would you put it in a bank box.
Why would you give the access to your private information to someone else?
Why not just print it out, put it in a plastic bag and box and bury it in your garden?

Bitcoin is lost when we keep giving our complete trust to the banksters and their lockers...

notlist3d

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Activity: 1456

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Quote from: findftp on July 21, 2015, 04:06:28 AM

Quote from: Valta Crypto on July 20, 2015, 11:15:47 PM

Hi,
I'm going to save some Bitcoins for the future. Which is the safest way to store them?
I was thinking about a wallet on a usb flash drive. Which wallet should I choose?

Thank you

Take a strip of metal and carve your (unencrypted) private key into it and bury it somewhere.
You can also take a piece of polished granite to carve your private key, this way it will not be detectable by a metal detector.

If your just needing to hide from others something such as a in the wall compartment might work nicely: http://www.amazon.com/Meridian-Point-Hidden-Wall-Outlet/dp/B0082CRN2Q/

It will not protect you from fire though. So I suggest keeping copy of paper wallet in bank box.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: Valta Crypto on July 20, 2015, 11:15:47 PM

Hi,
I'm going to save some Bitcoins for the future. Which is the safest way to store them?
I was thinking about a wallet on a usb flash drive. Which wallet should I choose?

Thank you

Take a strip of metal and carve your (unencrypted) private key into it and bury it somewhere.
You can also take a piece of polished granite to carve your private key, this way it will not be detectable by a metal detector.

Amph

legendary

Activity: 3248

Merit: 1070

usb are ok you don't need to spend much on a device that will offer roughly the same security, but use those usb on a secure machine, which was previously secure erased and everything else

i'm going with this setup since years already and no coins were ever stolen from my balance, the best security is given by yourself

x3r0x

newbie

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Merit: 0

I would recommend using Ledger Wallet

Greenenergy

sr. member

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Merit: 250

Quote from: Possum577 on July 21, 2015, 02:12:21 AM

A bacon wallet is a good place to start, lots of pockets to keep your private keys sorted and a window behind which to stash your QR for payments.

Don't suggest you bring the bacon wallet with you all the time! You can use mobile wallet to store small amount of money for daily spending. With cold wallet, you store your bitcoin holding.

notlist3d

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Merit: 1000

Quote from: TheBtcKid on July 21, 2015, 02:40:26 AM

isn't blockchain's wallet is a good option to store btc in a long run ??

It's a hot wallet. So good for spending cash yes. They have a lot of money behind them.

But good for storing all your worth.... most would suggest against it. Go for cold storage.

Topic: Best wallet for cold storage - page 4. (Read 3784 times)