How do you store your passwords? - page 3.

clubminer

sr. member

Activity: 392

Merit: 250

Let's get rich together

Quote from: cdog on January 14, 2014, 03:25:56 AM

I store them in my head, and they are 20 character passphrases not passwords.

I forgot one for a BTC wallet late last year. It wasnt fun but I remembered it after trying combinations for a few days. You have to be very careful.

Not backing up your wallet and losing or forgetting your passphrase are by far the easiest ways to lose your BTC. If your wallet is locked with a decent passphrase and backed up its 99.9999999999999% safe.

Also, consider the possibility, if you have a family, that something could happen to you. Plan for such a contingency (e.g., leave an envelope with passphrases for your wife in escrow with a 3rd party)

I think not made backup it, but I forget wallet number not my password Grin

zeetubes

sr. member

Activity: 371

Merit: 250

Quote from: Vod on January 14, 2014, 01:12:49 AM

I use LASTPASS. (lastpass.com)

Cannot recommend it enough. I have 15 character random unique passwords for every site I visit.

Thanks for the suggestion. Lastpass looks perfect. And I have a couple of yubikeys sitting around gathering dust that i can try to use after I get familiar with it. I guess now I have something to play with for the next few hours. Cool.

As far as the cold storage wallet, last week I bought a couple of ultra cheap android 4.X phones in china (~$28 each) and they have no sims, wifi disabled, factory reset etc. And the only app installed is mycelium. When I'm happy with the setup, and i've transferred the coins, I'll send one to my brother and mail him instructions on how to unlock it and/or recreate the wallet.

Any thoughts on that strategy?

cdog

hero member

Activity: 1036

Merit: 500

I store them in my head, and they are 20 character passphrases not passwords.

I forgot one for a BTC wallet late last year. It wasnt fun but I remembered it after trying combinations for a few days. You have to be very careful.

Not backing up your wallet and losing or forgetting your passphrase are by far the easiest ways to lose your BTC. If your wallet is locked with a decent passphrase and backed up its 99.9999999999999% safe.

Also, consider the possibility, if you have a family, that something could happen to you. Plan for such a contingency (e.g., leave an envelope with passphrases for your wife in escrow with a 3rd party)

miaviator

donator

Activity: 686

Merit: 519

It's for the children!

Quote from: Vod on January 14, 2014, 01:12:49 AM

I use LASTPASS. (lastpass.com)

Cannot recommend it enough. I have 15 character random unique passwords for every site I visit.

Great product for everything web based. There are a few of them as well. Roboform. Password box. Etc.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

I use LASTPASS. (lastpass.com)

Cannot recommend it enough. I have 15 character random unique passwords for every site I visit.

miaviator

donator

Activity: 686

Merit: 519

It's for the children!

Aegis secure key 16gb USB

Primary and backup

Paper wallets in a safe deposit box

One password needed

10 wrong attempts on that key scrubs the encryption key forever and destroys the data.

Hasn't been hacked at a convention yet.

Oh and the wallet key never touches an internet connected computer

michielnl

full member

Activity: 123

Merit: 100

Hi all,

How do you store your passwords?

This is how I store my password (and related recovery information):

1. First, use two factor authentication for your wallet.
2. Do not forget to store the keyphrase to re-enable this on another phone if needed (if you will loose your phone).
3. Use a long 'random' password, like: fLF)(kfkljf_(&F763kjhdlzpgfI46#_!eoslks9fPFODu38347dhls98f5vcte_BTC_RULES_O_YEAH
4. Store your password (and related info to recover) in a text file in an encrypted RAR file (which is encrypted by 128 AES, with a very long password with capitals and non standard characters)
5. Rename this RAR file to an innocent ZIP / DOC / JPG
6. Put this file on USB and to a well known online cloud service (if your house will burn down)

By the way, it seems people are able to recover passwords for bitcoin wallets if needed:
http://www.reddit.com/r/Bitcoin/comments/1v5o9c/dave_bitcoin_walletrecoveryservicesgmailcom_saved/
http://www.walletrecoveryservices.com/
I hope I will never have to use them.

Topic: How do you store your passwords? - page 3. (Read 2740 times)