Just make sure you won't forgot you password. Some people thought they would never forget, but when they wanted to move the coins, they realized they didn't remember.
Consider backuping the password, or find a way to recover or regenerate it if you forget. Consider this as some kind of math exercise and you probably get a good and safe way to do it.
Topic: paper wallet storage - page 2. (Read 1668 times)
If I can make a little suggestion. then I would suggest that you break it up a little. Store 50% of the private key in one location and 50% at the other location or method, but make sure you have 4 methods to do this. A example :
50 % of private key A - Online
50 % of private key B - Usb disk
50 % of private key A - On a piece of paper < laminated >
50 % of private key B - Safe deposit box
A copy of the whole address & private key for all of you paper wallets should be saved at the safest location as a backup. If anything happens with any of the above methods, you will still have a backup. < Suggestion - Time capsule under ground >
The reason : If any option is breached, nobody will be able to do anything with 50% of a private key. ^smile^
50 % of private key A - Online
50 % of private key B - Usb disk
50 % of private key A - On a piece of paper < laminated >
50 % of private key B - Safe deposit box
A copy of the whole address & private key for all of you paper wallets should be saved at the safest location as a backup. If anything happens with any of the above methods, you will still have a backup. < Suggestion - Time capsule under ground >
The reason : If any option is breached, nobody will be able to do anything with 50% of a private key. ^smile^
just learn what a strong password means. this may not be an issue for you but i have seen many people who think their password is strong while it really isn't. there are so many articles online about it.
for instance something like "remember remember the fifth of November" may seem like a long and strong password but it can easily be brute forced in a second
something like "fg$2DblW&pfn#2SmTp" is a strong password
for instance something like "remember remember the fifth of November" may seem like a long and strong password but it can easily be brute forced in a second
something like "fg$2DblW&pfn#2SmTp" is a strong password
As long as you are using a secure password and a strong encyption, I think this should be safe. Storing an unencrypted physical copy as suggested above is probably wise in case you forget the password in the future. You'll just want to ensure you have appropriate physical safeguards to prevent theft.
It's pretty sure that is a risk specially on a piece of paper because it can be lost or the worst is to be stolen or even usb drive because in anytime it lost or damage.
There's nothing possible if you are the target of a hacker or intruder that they can do everything they want because they know key encryption and other possibilities to hack your account.
There's nothing possible if you are the target of a hacker or intruder that they can do everything they want because they know key encryption and other possibilities to hack your account.
For me if you create that paper wallet on three different places be sure that you keep your key safe it is depend on you on how you kept it just a risky a little of thus usb disk or piece of paper in case it damage or lost.
It's pretty sure that is a risk specially on a piece of paper because it can be lost or the worst is to be stolen or even usb drive because in anytime it lost or damage.
There's nothing possible if you are the target of a hacker or intruder that they can do everything they want because they know key encryption and other possibilities to hack your account.
There's nothing possible if you are the target of a hacker or intruder that they can do everything they want because they know key encryption and other possibilities to hack your account.
I think it's safe enought that way. The only problem is if you forget your password.
But if you want to forget about the paper for the long-term, I think you should only encrypt the information you are going to store in the cloud and leave the physical paper unencrypted if you can keep it safe.
Maybe store multiple copies in safe places like a bank.
But if you want to forget about the paper for the long-term, I think you should only encrypt the information you are going to store in the cloud and leave the physical paper unencrypted if you can keep it safe.
Maybe store multiple copies in safe places like a bank.
Hello,
I plan to create a paper wallet with encrypted private key.
I plan to store it in three different places :
-online (google drive or else...)
-on usb disk
- on a piece of paper
I don't want to keep it only at home on a piece of paper. this is why I will store it digitally.
is this risky as I will still encrypt the private key with strong password?
thanks
I plan to create a paper wallet with encrypted private key.
I plan to store it in three different places :
-online (google drive or else...)
-on usb disk
- on a piece of paper
I don't want to keep it only at home on a piece of paper. this is why I will store it digitally.
is this risky as I will still encrypt the private key with strong password?
thanks
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