guide on 100% safe paper wallet? | Bitcointalksearch.org

Anillos2

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Quote from: Yuki1988 on January 25, 2015, 08:25:06 AM

Quote from: Anillos2 on January 23, 2015, 01:29:39 PM

Quote from: Mitchell on January 14, 2015, 09:25:19 AM

You could also encrypt your private key using BIP-38. This will result in an key that is useless for someone that doesn't the password. However, this means that you will have to remember the password forever. Grin

I don't like that option, because I could lost the money forever. Undecided

Well then, you could create a 2-of-3 paper wallet and place them in different places so that
1) having just 1 paper wallet is useless so it is safe against thief and burglar breaking into your house
2) you just need 2 paper wallets and no further password to access your bitcoin

It's a better idea.

The paperwallet has the advantage that it can be hidden between the pages of a book, so if you have lots of them, burglars needs to review each book, one by one. And one of the paperwallets could be hidden inside of a pen or the PC speakers. Tongue

Of course, you must be careful if you want to sell some books, the pen or the speakers. Tongue

Yuki1988

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Quote from: Anillos2 on January 23, 2015, 01:29:39 PM

Quote from: Mitchell on January 14, 2015, 09:25:19 AM

You could also encrypt your private key using BIP-38. This will result in an key that is useless for someone that doesn't the password. However, this means that you will have to remember the password forever. Grin

I don't like that option, because I could lost the money forever. Undecided

Well then, you could create a 2-of-3 paper wallet and place them in different places so that
1) having just 1 paper wallet is useless so it is safe against thief and burglar breaking into your house
2) you just need 2 paper wallets and no further password to access your bitcoin

Sindelar1938

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Go to github, pick up the bitaddress.org file and use it to create an offline paper wallet

michinzx

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theres no such thing as 100% safe, but closest you can get is make a standard paper wallet and keep it locked up in a safe

Anillos2

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Don't forget that an old printer is the best option.
A new printer could store the private key in the memory.

Also, boot your computer from a Linux "live-CD".

And keep it safe, make two or more copies.
Avoid to scan the private key with a Smartphone cam if you don't want to spend de money.

Quote from: Mitchell on January 14, 2015, 09:25:19 AM

You could also encrypt your private key using BIP-38. This will result in an key that is useless for someone that doesn't the password. However, this means that you will have to remember the password forever. Grin

I don't like that option, because I could lost the money forever. Undecided

fearlesscat10

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Quote from: LiteCoinGuy on January 14, 2015, 11:43:55 AM

you could also buy a hardware-wallet, thats pretty secure:

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

+1

Saving up for a Ledger myself.

Troonetpt

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Quote from: YangBus on January 12, 2015, 10:15:24 PM

How would I go about creating a 100% safe paper wallet...from online threats anyway.

keep you private key away from online.

fildza

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Ask me anything if you have any problem

Quote from: Madness on January 13, 2015, 07:03:51 AM

I don't know how paper wallets works to be honest , but isn't the Private key written on the paper ? so basically it's not that safe , all someone have to do is steal that paper from you and you are done ?

I personally prefer brain wallet even if it's hard unless you have a good memory.

He said safe from online threat so paper wallet is the only choice that very safe

LiteCoinGuy

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In Satoshi I Trust

you could also buy a hardware-wallet, thats pretty secure:

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

notlist3d

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If you have a "dumb" printer is best. But most store a few prints in them. So use one at home, and oldest one you have.

And keep paper wallet locked up, safety deposit box etc.

I am in a signature campaign for a coin that you can store paper wallet in. Might take a look at something like this. It is meant for cold storage.

Mitchell

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You could also encrypt your private key using BIP-38. This will result in an key that is useless for someone that doesn't the password. However, this means that you will have to remember the password forever. Grin

kpitti

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Quote from: Madness on January 13, 2015, 07:03:51 AM

Quote from: locopao on January 13, 2015, 06:56:08 AM

Go to bitaddress.org https://www.bitaddress.org

download the zip (https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip)

unzip and open the site in a pc that is not connected on the internet

move your mouse in order to create the keys

choose "single" or "paper wallet"

print

send Bitcoins to your new wallet and save in a safe place

you are done!

I don't know how paper wallets works to be honest , but isn't the Private key written on the paper ? so basically it's not that safe , all someone have to do is steal that paper from you and you are done ?

I personally prefer brain wallet even if it's hard unless you have a good memory.

You are right about Private key. You can for example divide your Private key on three pieces and store them in three different places. I would recommend to focus on printer and print quality more. I do not trust my memory Wink

cakir

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1- download bitcoin core wallet.
2- go to offline mode ( close your internet connection)
3- create a few addresses
4- dump their private keys
5- print them
6- sen your bitcoins to those addresses seperately.
For instance if you've 5 btc; seperate them to 10 addresses and each address got 0.5 btc.

locopao

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Quote from: pooya87 on January 14, 2015, 06:46:51 AM

Quote from: Madness on January 13, 2015, 07:03:51 AM

Quote from: locopao on January 13, 2015, 06:56:08 AM

Go to bitaddress.org https://www.bitaddress.org

download the zip (https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip)

unzip and open the site in a pc that is not connected on the internet

move your mouse in order to create the keys

choose "single" or "paper wallet"

print

send Bitcoins to your new wallet and save in a safe place

you are done!

I don't know how paper wallets works to be honest , but isn't the Private key written on the paper ? so basically it's not that safe , all someone have to do is steal that paper from you and you are done ?

I personally prefer brain wallet even if it's hard unless you have a good memory.

well if you are gonna think like that, consider this. if someone wants to steal from you that person would rob your other valuables like your laptop, wallet, gold, money not a piece of paper! Cheesy

yep, it's like keeping all your money inside your house. That's why you have to split in different wallets, different places. Or split the private key Tongue

. But i doubt it;s likely that someone who breaks in my house would know what that piece of paper is and how to use it Cheesy

In that case consider creating a lot of empty wallets and just leave them around your house in places that can easily be found Grin

pooya87

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Quote from: Madness on January 13, 2015, 07:03:51 AM

Quote from: locopao on January 13, 2015, 06:56:08 AM

Go to bitaddress.org https://www.bitaddress.org

download the zip (https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip)

unzip and open the site in a pc that is not connected on the internet

move your mouse in order to create the keys

choose "single" or "paper wallet"

print

send Bitcoins to your new wallet and save in a safe place

you are done!

I don't know how paper wallets works to be honest , but isn't the Private key written on the paper ? so basically it's not that safe , all someone have to do is steal that paper from you and you are done ?

I personally prefer brain wallet even if it's hard unless you have a good memory.

well if you are gonna think like that, consider this. if someone wants to steal from you that person would rob your other valuables like your laptop, wallet, gold, money not a piece of paper! Cheesy

Madness

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My goal is becaming a billionaire.

Quote from: fearlesscat10 on January 13, 2015, 08:33:12 AM

Quote from: Madness on January 13, 2015, 07:03:51 AM

Quote from: locopao on January 13, 2015, 06:56:08 AM

Go to bitaddress.org https://www.bitaddress.org
download the zip (https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip)
unzip and open the site in a pc that is not connected on the internet
move your mouse in order to create the keys
choose "single" or "paper wallet"
print
send Bitcoins to your new wallet and save in a safe place
you are done!

I don't know how paper wallets works to be honest , but isn't the Private key written on the paper ? so basically it's not that safe , all someone have to do is steal that paper from you and you are done ?

I personally prefer brain wallet even if it's hard unless you have a good memory.

That's why you should keep the paper wallet in a home vault or bank locker. It's safer than hardware or web wallets because the only way for people to get the private key is to go to your house/bank and get the piece of paper itself.

Rofl , true .
not sure why I didn't think about that earlier , anyway thanks for the answer mate Wink

very helpful

fearlesscat10

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Activity: 686

Merit: 500

Quote from: Madness on January 13, 2015, 07:03:51 AM

Quote from: locopao on January 13, 2015, 06:56:08 AM

Go to bitaddress.org https://www.bitaddress.org

download the zip (https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip)

unzip and open the site in a pc that is not connected on the internet

move your mouse in order to create the keys

choose "single" or "paper wallet"

print

send Bitcoins to your new wallet and save in a safe place

you are done!

I don't know how paper wallets works to be honest , but isn't the Private key written on the paper ? so basically it's not that safe , all someone have to do is steal that paper from you and you are done ?

I personally prefer brain wallet even if it's hard unless you have a good memory.

That's why you should keep the paper wallet in a home vault or bank locker. It's safer than hardware or web wallets because the only way for people to get the private key is to go to your house/bank and get the piece of paper itself.

Madness

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Activity: 644

Merit: 500

My goal is becaming a billionaire.

Quote from: locopao on January 13, 2015, 06:56:08 AM

Go to bitaddress.org https://www.bitaddress.org

download the zip (https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip)

unzip and open the site in a pc that is not connected on the internet

move your mouse in order to create the keys

choose "single" or "paper wallet"

print

send Bitcoins to your new wallet and save in a safe place

you are done!

I don't know how paper wallets works to be honest , but isn't the Private key written on the paper ? so basically it's not that safe , all someone have to do is steal that paper from you and you are done ?

I personally prefer brain wallet even if it's hard unless you have a good memory.

locopao

legendary

Activity: 910

Merit: 1000

Go to bitaddress.org https://www.bitaddress.org

download the zip (https://github.com/pointbiz/bitaddress.org/archive/v2.9.8.zip)

unzip and open the site in a pc that is not connected on the internet

move your mouse in order to create the keys

choose "single" or "paper wallet"

print

send Bitcoins to your new wallet and save in a safe place

you are done!

cyberpinoy

hero member

Activity: 1008

Merit: 502

Quote from: YangBus on January 12, 2015, 10:15:24 PM

How would I go about creating a 100% safe paper wallet...from online threats anyway.

Security is certainly an issue today. At least someone with an idea has his priorities in order, security first. Thank you OP for your intelligence I hope you find the ways others failed at. Good luck sir.

Topic: guide on 100% safe paper wallet? (Read 1459 times)