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Topic: Ethereum cold-wallet, recommendation - page 2. (Read 311 times)

jr. member
Activity: 140
Merit: 1
June 19, 2018, 12:23:50 AM
#16
I use Trezor. You can store on it ETH, ETC, BTC and others like zcash and litecoin.
Very good one and safe, recommended.
legendary
Activity: 3472
Merit: 10611
June 18, 2018, 11:21:19 PM
#15
Another question: my ether at Coinbase is in a "hot" wallet, and if I sent it over to MEW it would be in a "cold" wallet, right?

no, what you have in Coinbase is not even a wallet to be hot or cold. it is an account. you don't control the private keys so you don't control the coins. Coinbase can decide they don't want to give you your coins for any reason and there would be nothing you could do.
and MEW is not a cold wallet as long as you are opening it online. if you download the source code and run that ALWAYS on an offline computer then it is a cold wallet.
newbie
Activity: 28
Merit: 0
June 18, 2018, 02:11:22 PM
#14
Newbie here!  What is a cold wallet for Ethereum?  Besides sitting in my wallet at exchanges, where can I put it for cold storage?  Also, if it is complex, I may need some directions how to set up the account...
 
 Shocked
Just buy a trezor and store it on there. If you need some instructions on how to do it there are many tutorials about it on youtube. Also with the trezor you can store other main cryptos not only ethereum
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
June 18, 2018, 01:22:05 PM
#13
Besides sitting in my wallet at exchanges
Be careful of letting your coins stay on exchanges, it's not a good practice.

Also, if it is complex, I may need some directions how to set up the account...
Most suggestions are to buy nano ledger s and if you think you'll get troubled installing it, there are plenty of videos tutorial on youtube.
jr. member
Activity: 168
Merit: 2
June 18, 2018, 09:55:04 AM
#12
Okay I got stuck at MEW

I managed to create a private key, and I wrote the numbers down on paper

Then at the next step it gave suggestions for making a public key (using Meta Mask, Ledger Wallet, Trezor, and others).  Those are all sites I need to pay for to have a public key generated?
 
Confused Huh
jr. member
Activity: 168
Merit: 2
June 18, 2018, 09:40:03 AM
#11
Thank you for the replies.  I will use My Ether Wallet because I only have a couple hundred dollars worth of ether sitting at Coinbase.
 
Another question: my ether at Coinbase is in a "hot" wallet, and if I sent it over to MEW it would be in a "cold" wallet, right?
 
=total newbie here Tongue
newbie
Activity: 84
Merit: 0
June 17, 2018, 11:38:26 PM
#10
As far as I know, this is the cold wallet I know and use the most. Although I don't use it, if I have a lot of assets, I think I will buy it and use it.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
June 17, 2018, 10:24:25 PM
#9
Go for MyEtherWallet(MEW)[1] if you're holding smaller amounts of ETH and ERC20 tokens. Go for a hardware wallet like the Ledger Nano S[2] or a Trezor[3] if you're holding more than a thousand dollars worth.

I would suggest making paper wallets if you know how to do it, but it's pretty difficult to make in a secure manner, so go with a hardware wallet instead.


[1] https://myetherwallet.com/
[2] https://ledgerwallet.com/
[3] https://trezor.io/
legendary
Activity: 3472
Merit: 10611
June 17, 2018, 10:14:20 PM
#8
this is not just for ethereum but for any other cryptocurrency that is similar to bitcoin:

use any wallet application that you like but it has to have the option to export the private key(s).
download the source and verify the signature of it (if they provide PGP signature which they should!).
download a Linux distribution such as Ubuntu and verify the signature of that too.
burn the Linux on a DVD.
disconnect your network and boot into that DVD.
install the wallet and  generate a new address and export its private key.
and write down/print this key on a paper.
shut down the OS and remove the DVD.

you now have a safe paper wallet for cold storage.

(you can create one for testing and send a small amount to it like $1 worth of coins and then spend it after a while to see if you can and learn how to. then store a larger amount in a new one)
jr. member
Activity: 168
Merit: 1
June 17, 2018, 05:53:51 PM
#7
For storing small amount you can try using the paper wallet option of myetherwallet. Just be certain though that your in it's correct website when making the wallet so you don't get phished.
jr. member
Activity: 112
Merit: 2
June 17, 2018, 04:11:04 PM
#6
Ledger Nano S is all you need in your case, looks like you wont find a better solution for your needs
newbie
Activity: 8
Merit: 0
June 17, 2018, 03:58:29 PM
#5
If you are serious about security, dig a little deeper, and actually understand what myetherwallet does, and how it works... for example you can use it offline to create your transactions...

Also, 1 instance of the key is only as good, as it is not lost or destroyed... have backup(s)!
full member
Activity: 178
Merit: 100
June 17, 2018, 03:46:50 PM
#4
Can't go wrong with a Ledger Nano if you are serious about ETH storage/large amount. For a small amount, MyEtherWallet works just fine.
jr. member
Activity: 36
Merit: 1
June 17, 2018, 03:21:37 PM
#3
^ or if you don't want to pay for a physical wallet, you can also print a paper wallet on MyEtherWallet (https://www.myetherwallet.com/).
copper member
Activity: 630
Merit: 420
We are Bitcoin!
June 17, 2018, 03:04:59 PM
#2
Use Ledger Neno S
https://www.ledgerwallet.com
jr. member
Activity: 168
Merit: 2
June 17, 2018, 03:03:19 PM
#1
Newbie here!  What is a cold wallet for Ethereum?  Besides sitting in my wallet at exchanges, where can I put it for cold storage?  Also, if it is complex, I may need some directions how to set up the account...
 
 Shocked
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