Topic: BIP-38 Encrypted Paper Wallet (Read 463 times)
Only disadvantages I could see on a paper wallet is not being able to spend your coins on a daily basis but I assume you already know that and you want to store for long term. I however wouldn't try the decryption though , at least not a phone, Bitaddress is tested by multiple users and Its open source so I don't see why It won't work . Your phone could already have a malware so testing and wiping everything couldn't change much in that case.
I can understand testing out any new technology, but I would still use a new wallet/key combo for sending your main stash. Even though you will wipe your phone, your private key was still potentially exposed to the internet.
I'm planning too store my bitcoins on a encrypted paper wallet created on bitsddress but before I send any bitcoins to the wallet, I was thinking of testing the encryption.
I was thinking of downloading mycelium on my spare android device, taking it offline and then testing the encrypted private key. Once I have I checked the encrypted paper wallet, I would delete it and wipe the phone. I'm new to all this bitcoin stuff and I wanted to check if there are any disadvantages before I move all my bitcoins.
I was thinking of downloading mycelium on my spare android device, taking it offline and then testing the encrypted private key. Once I have I checked the encrypted paper wallet, I would delete it and wipe the phone. I'm new to all this bitcoin stuff and I wanted to check if there are any disadvantages before I move all my bitcoins.
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