Newbie Question | Bitcointalksearch.org

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: caribbeanbitcoiner on August 14, 2014, 01:53:14 AM

Can you guys point me to tutorials or links that explain this method? Thanks!

Sure no problem here is a tutorial of how to create one for Bitcoin Core (New version of QT)
https://www.youtube.com/watch?v=jGXf2xFyWaE
It's a bit slow because of loading the chain
https://www.youtube.com/watch?v=PGvrai3JxxI
One for Armory as well

Katekyo

member

Activity: 63

Merit: 10

Quote from: caribbeanbitcoiner on August 14, 2014, 01:53:14 AM

Can you guys point me to tutorials or links that explain this method? Thanks!

here

Quote from: CripLib on August 14, 2014, 01:24:52 AM

(...)
Please, have a look in these webpages for more info:

(...)

Kprawn

legendary

Activity: 1904

Merit: 1073

Goto Bitaddress.org and save the page as a html file. Then disconnect from the internet and generate some paper wallets. {That is the fastest, but insecure way of doing, cold storage}

If you want to get video tutorials of more secure methods of cold storage, you can visit youtube and search for "bitcoin paper wallet"

I simply do not have enough time now, to go into the details, but that will help you. Wink

Oh.. And with the "badusb" hack, I would stay away from using any "Usb" type storage devices. Some "bad" software may lurk in the firmware. Angry

{Formatting will not help}

caribbeanbitcoiner

full member

Activity: 131

Merit: 100

Quote from: freedomno1 on August 14, 2014, 01:49:05 AM

Quote from: caribbeanbitcoiner on August 14, 2014, 01:09:45 AM

Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot.

Quote from: CripLib on August 14, 2014, 01:24:52 AM

Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do.

And if you move a lot, that's just one more reason...

Yep a USB stick backup or two will be the cheapest way to store it safely just make sure not to lose it when moving.
Download Bitcoin Core / Armory
Backup the wallet on a USB or two and have a portable unit you can access.

Can you guys point me to tutorials or links that explain this method? Thanks!

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: caribbeanbitcoiner on August 14, 2014, 01:09:45 AM

Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot.

Quote from: CripLib on August 14, 2014, 01:24:52 AM

Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do.

And if you move a lot, that's just one more reason...

Yep a USB stick backup or two will be the cheapest way to store it safely just make sure not to lose it when moving.
Download Bitcoin Core / Armory
Backup the wallet on a USB or two and have a portable unit you can access.

caribbeanbitcoiner

full member

Activity: 131

Merit: 100

Quote from: CripLib on August 14, 2014, 01:24:52 AM

Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do.

And if you move a lot, that's just one more reason...

Quote from: caribbeanbitcoiner on August 14, 2014, 01:09:45 AM

Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot.

If you are careful enough you won't loose your cold storage, because it would be throwing your money away Wink

Just to be on the safe side, you should keep different copies (backups) in different places. And, of course, encrypted.

Please, have a look in these webpages for more info:

Quote from: lihuajkl on August 14, 2014, 01:22:14 AM

Probably you can try to remember the private key then no risk to lose it!

The memory wallet can also be a good idea, but if you forget it, good bye coins...

OK so I guess using a pen drive with linux and Armory installed and backup copies of my wallet.dat is the most cheaper and efficient way?

CripLib

full member

Activity: 175

Merit: 100

Crypto Liberty

Indeed, you don't need to buy a laptop just for the cold storage. It makes no sense, because it's much easier to keep a pen drive/CD/piece of paper with a QRcode/private key stored/printed in it than a notebook. And if the notebook goes broken, etc? Even a small micro sd card will do.

And if you move a lot, that's just one more reason...

Quote from: caribbeanbitcoiner on August 14, 2014, 01:09:45 AM

Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot.

If you are careful enough you won't loose your cold storage, because it would be throwing your money away Wink

Just to be on the safe side, you should keep different copies (backups) in different places. And, of course, encrypted.

Please, have a look in these webpages for more info:

Quote from: lihuajkl on August 14, 2014, 01:22:14 AM

Probably you can try to remember the private key then no risk to lose it!

The memory wallet can also be a good idea, but if you forget it, good bye coins...

lihuajkl

legendary

Activity: 1596

Merit: 1000

Probably you can try to remember the private key then no risk to lose it!

caribbeanbitcoiner

full member

Activity: 131

Merit: 100

Quote from: wenben on August 14, 2014, 01:00:21 AM

Use Armory and paper wallet for cold storage. Not point wasting a laptop and still have run the risk of hard disk failure and corruption.

Thanks for replying! The only thing worried about is losing my paper wallet since I'm a international student studying in the US since I move around a lot.

papalegba

full member

Activity: 125

Merit: 100

i second that!

wenben

full member

Activity: 164

Merit: 100

Use Armory and paper wallet for cold storage. Not point wasting a laptop and still have run the risk of hard disk failure and corruption.

caribbeanbitcoiner

full member

Activity: 131

Merit: 100

I joined the Dark side and bought around .44 btc Grin

I'm looking at longterm investing in bitcoin while I'm young and in college. Should I looking into picking up a cheap refub used netbook for offlinestorage from ebay/craiglist? The netbook I was looking at is a DELL INSPIRON 910 which has a PCI-E SSD HDD Undecided

. Is the HDD a no-no for Cold-storage?

All recommendation and tips are welcome!

Topic: Newbie Question (Read 1075 times)