I recommend that for cold storage you use a paper wallet.
You can download the code to bitaddress.org at https://github.com/pointbiz/bitaddress.org. Bitaddress is a popular, secure, and trusted generator of paper wallets.
Take the code you downloaded to an offline computer. Then open the bitaddress.org.html file in your web browser. Then generate a new address in the browser and choose the option for a paper wallet. Generate one address and choose the option to BIP38 Encrypt. Enter a password for the encryption. This password will protect the Bitcoin if someone steals the paper wallet. Then you can print out that paper wallet and send your 0.5 BTC to the address listed on that paper wallet. Store the paper wallet in a safe place until you need to access those Bitcoin again.
Topic: Lost my last BTC, bought some more - page 2. (Read 1312 times)
Hello,
I posted about a year ago about how I bought 0.7btc and forgotten all my Electrum details (seed/password etc).
I tried to forget about it and move on but its always niggled away at me so last week I bought another 0.7 btc. This time I've written everything down and saved it but I'd like to out 0.5btc in cold storage, lock it away in my safe with my passport and other valuables
I'm a complete newbie with the technology and don't want to lose them again so can anybody explain to me how I'd go about saving 0.5btc in cold storage - is it even a good idea?
I've just became a father for the first time (4 weeks ago) and I like to daydream that maybe in the future that 0.5btc will help my daughter late on in life
Thanks!
I posted about a year ago about how I bought 0.7btc and forgotten all my Electrum details (seed/password etc).
I tried to forget about it and move on but its always niggled away at me so last week I bought another 0.7 btc. This time I've written everything down and saved it but I'd like to out 0.5btc in cold storage, lock it away in my safe with my passport and other valuables
I'm a complete newbie with the technology and don't want to lose them again so can anybody explain to me how I'd go about saving 0.5btc in cold storage - is it even a good idea?
I've just became a father for the first time (4 weeks ago) and I like to daydream that maybe in the future that 0.5btc will help my daughter late on in life
Thanks!
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