Im an advocate for ledger nano s
They continually update and integrate new coins. With the amount of activity and New ICOs you need a wallet tnat can keep up with the changing times. There Customer
support is good as well
Topic: Ethereum cold-wallet, recommendation (Read 321 times)
Nano ledger but be sure to pay the full price and buy only from the official website.
The two cold wallets you'll hear about mostly are Trezor and Ledger Nano. They are best used as a savings account for your crypto assets, but both have a decent UI and shouldn't be difficult to set up once you get them.
Hope this helps!
Hope this helps!
As my view , I think the cold-wallet just like a SD card . You can store your wallet or pricy key in anywhere . Not just in cold-wallet . Such as u flash disk or other private computer . I just backup my wallet by script in some special time point .
if you are thinking of hardware wallet then Ledger Nano S is good.
For software based decentralized wallet ImToken is good as it has it's own decentralized exchange platform too in version 2 and above.
Hope this helps you
For software based decentralized wallet ImToken is good as it has it's own decentralized exchange platform too in version 2 and above.
Hope this helps you
I would easily recommend Ledger Nano S, since they are adding more coins consistently unlike other hardware wallets.
setting up an account is very simple just follow a tutorial video on youtube and you are done. Be careful tho don't show your seed phrases to anyone and make sure to store them properly.
setting up an account is very simple just follow a tutorial video on youtube and you are done. Be careful tho don't show your seed phrases to anyone and make sure to store them properly.
OP (newbie) reporting back
I followed your recommendation and just purchased a hardware wallet.
But Im still learning! Now I am trying to figure out airdrops.
Ques: What is an "ERC20 ETHERIUM WALLET" ?
I followed your recommendation and just purchased a hardware wallet.
But Im still learning! Now I am trying to figure out airdrops.
Ques: What is an "ERC20 ETHERIUM WALLET" ?
May this would be better as separate question. Basically all wallets where you own your private keys, like MyEtherWallet, because as long as you have your private key you can also access the token on this address.
In comparison you will not be able to access your tokens when you use an address from an exchange like Coinbase.
OP (newbie) reporting back
I followed your recommendation and just purchased a hardware wallet.
But Im still learning! Now I am trying to figure out airdrops.
Ques: What is an "ERC20 ETHERIUM WALLET" ?
I followed your recommendation and just purchased a hardware wallet.
But Im still learning! Now I am trying to figure out airdrops.
Ques: What is an "ERC20 ETHERIUM WALLET" ?
Most importantly, keep your private key safe. I recommend purchasing a wallet hardware and you do not have to worry about the security of your digital capital from hackers and thieves.
Here you have the options -
Ledger Nano S - www.ledgerwallet.com
TREZOR - https://shop.trezor.io
KeepKey - www.keepkey.com
Here you have the options -
Ledger Nano S - www.ledgerwallet.com
TREZOR - https://shop.trezor.io
KeepKey - www.keepkey.com
I agree with justin86. Just buy the Ledger Nano S. No problems or sleepless nights anymore.
There are many cold wallet solutions but get a ledger nano s not to regret, it is also cheap for me, even if you have no money you can earn with bounties. It may have saved millions of dollars of investors so far.
I'll add to the users that are relying on a Nano Ledger S. Not sure what the wait is there days - it was a few months when I ordered mine, but I would recommend going through the manufacturer. Getting it third party can be faster, but it's less secure. I haven't been using it a ton, but it's relatively easy and straightforward and there's plenty of tutorials available online.
But I plan to scrap the MEW I created, and then make another MEW while trying to do it offline, somehow, following your advice.. will be looking into imToken, and Ubuntu
This is surprising though to first learn these new technologies!
It's like a totally new ecosystem to me
This is surprising though to first learn these new technologies!
It's like a totally new ecosystem to meJust to clear things up. When you create a new wallet, all you need is your private key to access your funds. The additional wallet file (which is secured with a passphrase) is just an encrypted version of that private key. This is only needed to make it harder for attackers to access your funds. They will need the file AND the password instead of just the private key.
Are hardwallet like nano and ledger waterproof? If they aren't then I can see that ain't safe.
I do just use the MEW which I prefer because I find it easy but would take minutes to work on if you use the Json file whcih is by the way much safer in my opinion. I'd like to try cold wallet just to lure someone who could possibly still it. I won't put anything there but for this purpose alone.
Thanks again for the help!!
I'd like to buy a Trezor or other pricey suggestions for storage, but for now I am doing this for free, as a learning trial.
I managed to get through most of the steps for My Ether Wallet (public key, password, private key, and keystore file)
But I plan to scrap the MEW I created, and then make another MEW while trying to do it offline, somehow, following your advice.. will be looking into imToken, and Ubuntu
This is surprising though to first learn these new technologies! It's like a totally new ecosystem to me
I'd like to buy a Trezor or other pricey suggestions for storage, but for now I am doing this for free, as a learning trial.
I managed to get through most of the steps for My Ether Wallet (public key, password, private key, and keystore file)
But I plan to scrap the MEW I created, and then make another MEW while trying to do it offline, somehow, following your advice.. will be looking into imToken, and Ubuntu
This is surprising though to first learn these new technologies!
It's like a totally new ecosystem to me
Like many already mentioned, you can use MyEtherWallet.
In addition: You can download the site and use it offline. If you plan to create a complete secure cold address, I would recommend to start from a Live OS (e.g. Ubuntu) and create the wallet there while being offline.
Then save your private key, wallet.dat and passphrase in a password safe.
In addition: You can download the site and use it offline. If you plan to create a complete secure cold address, I would recommend to start from a Live OS (e.g. Ubuntu) and create the wallet there while being offline.
Then save your private key, wallet.dat and passphrase in a password safe.
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Currently i am using nano ledger wallet (highly recommended) but the problems that you have to memorize secret words giving in case someday the device lost or stolen . so be careful on that . but also give a try to offline wallet creation from myetherwallet .
The cheapest option it just to keep the private-key in several places, for example on google drive and on usual flash card then to hide.
imToken is a mobile light wallet APP application.
imToken is also a cold wallet, which uses offline signature technology to extract tokens in a broken network environment.
Theoretically, it is very safe to obtain the cold wallet private key from the network side.
imToken is also a cold wallet, which uses offline signature technology to extract tokens in a broken network environment.
Theoretically, it is very safe to obtain the cold wallet private key from the network side.
I also keep all my coins on the stock exchange. I don't use a cold wallet because I have orders on the stock exchange and therefore the coins should be on the stock exchange.
I use Trezor. You can store on it ETH, ETC, BTC and others like zcash and litecoin.
Very good one and safe, recommended.
Very good one and safe, recommended.
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 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...
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 
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.
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
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
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
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
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.
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/
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/
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)
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)
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.
Ledger Nano S is all you need in your case, looks like you wont find a better solution for your needs
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)!
Also, 1 instance of the key is only as good, as it is not lost or destroyed... have backup(s)!
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.
^ 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/).
Use Ledger Neno S
https://www.ledgerwallet.com
https://www.ledgerwallet.com
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...
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