HOWTO: create a 100% secure wallet - page 64.

anonymous_acc

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Quote

My friend gave me 5BTC on a USB, and walked me through the process of installing wallet software and importing the wallet to the compter. If I delete everything associated with bitcoin on the computer and only keep the USB, does that count as a cold offline storage wallet? As far as I know, it is the only copy of the wallet in existance.

Yes, it would be pretty secure offline wallet.

Duckphobia

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My friend gave me 5BTC on a USB, and walked me through the process of installing wallet software and importing the wallet to the compter. If I delete everything associated with bitcoin on the computer and only keep the USB, does that count as a cold offline storage wallet? As far as I know, it is the only copy of the wallet in existance.

Also, if I drop the USB into a lake when fishing, is it lost forever, or can I have a backup using some passcode in a website or is there a customer help line or something?

lakzo

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Does anyone have any experience with Yubikeys? I've been thinking about buying one but i'm not even entirely sure it's worth the money when I could just encrypt the wallet.

v3miner

newbie

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This is pretty interesting but alot of hoops to jump through for some people.

I think there are probably some clever ways for service providers to step in and offer some alternatives, but of course there will always have to be some degree of trust there.

MusX

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thanks for the information

constitution

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well there's 2 things you need to think about, do you want to secure your wallet or your whole pc/mac/linux system?

securing your wallet, use the password lock at least (doh), better still stick your wallet on a usb drive (even one of those password protected devices) so there's no wallet on your machine at all until you mount the usb drive. keep backups on a 2nd usb drive as well.

i would never use cloud backups but if you think it's ok, encrypt the wallet, stuff it in an encrypted rar file as well (paranoid? put #1 encrypted rar inside a 2nd rar). and then use more than 1 cloud.

securing your system - truecrypt whole system encryption (windoze only) is the best way to go.
or there's a way of doing it for freebsd systems as well (via geli, google it).
linux i dunno, i only used *bsd.

if you're in the paranoid security department, put your whole encrypted OS on a usb drive so there's no bitcoin software on your main machine. keep a backup of course in case the usb flash runs out of write cycles.

all imho of course

ddeseo

newbie

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Very helpfull post, specially for us "newbies". Thank you very much.

koalahauff

newbie

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Thnx for tut

superbit

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Thanks

unequal

newbie

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thanks for sharing

jonabir

newbie

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Thanks OP for an interesting and funny read Wink

Good points RE storage which I hadn't considered yet (admittedly I have no BTC of note to warrant such precautions!)

Cheers

oliviancool

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Thank you for sharing

krypton85

newbie

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thx for the info!

wabashky

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You cant just hope, gotta make a choice to be secure.

kev7112001

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thanks hope im secure

Giant redfox

newbie

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Offline wallets is a good idea! One friend of mine did so.

wabashky

full member

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You could make a bootable USB with Sardu, have a Linux Distro liveCD on it, use a truecrypt file on another USB and only load the wallet.dat from the truecrypt 'disk'. Take it even further and encrypt your wallet ALONG with the encyrpted 'disk' from Truecrypt and your golden.

That's just my $.02

bitfarmer

newbie

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Offline wallets.. The ultimate in security!

albus

member

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thanks for the trick, sorry if someone has already answered (the thread is a bit too long for my eyes) but how would that be better than using armory ? Or maybe the guys from armory got inspired form this idea?

Factotum

sr. member

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thanks for this golden tips!

Topic: HOWTO: create a 100% secure wallet - page 64. (Read 276221 times)