Safest storage for bitcoins? - page 2.

dirtriderdan

newbie

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Quote from: silvereagle on April 09, 2013, 10:24:13 AM

I would agree that paper is the best form of cold storage. You can put on flash drive and keep off the grid, but I've had those corrupted before and then your wallet is gone. Best to print out QR code (or better yet private key string in case you can't find QR reader) and drop in a fireproof safe -- assuming you have enough to worry about.

Good advice. Plus the hard copy will last a lot longer in a fire in a safe than the flash...though at that point it may be the least of your concerns...

sajuukar

newbie

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Is it possible to find out one's private key with the Qt wallet?

yvv

legendary

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Merit: 1000

.

Quote

Safest storage for bitcoins?

Make a tattoo of your private key on your penis, and tattoo of blockchain on your ass. All of us will be safe. Grin

Epicurus

member

Activity: 60

Merit: 10

The real answer depends on how much you're trying to protect. If you're an adult with any substantial portion of your wealth in bitcoin, keep your keys in cold storage in different physical places. A fireproof safe is not good enough. Put it there, and then also store it in a safe deposit box in a bank in a different town from you.

bryankfurw05

newbie

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lol yeah. back to past

Red

full member

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Merit: 115

Quote from: syn999 on April 09, 2013, 08:28:39 AM

put them on paper wallet and in a safe under your bed

I find humor in the advice to store bitcoins printed in ink on arbitrary bits paper! Isn't that the kind of money we're all trying to get away from? (Sarcasm)

I recommend you have your private key engraved onto a bar of gold. Only then will your value truly be safe!

matthewdowns1128A1F5

newbie

Activity: 6

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encrypt it

KuduIO

newbie

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Cold storage as a USB key or paper wallet.

jimhsu

sr. member

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Two options: paper wallet, or redundantly backed up wallet with super-strong password (preferably in Truecrypt).

CrusaderT2

newbie

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I have been using blockchain wallet for 6 months now. Pretty solid if you get two level password and authenitcator. It lets you backup on dropbox/google drive or email directly.

Of course its no where safe as a offline wallet.

I read that the Armory client is pretty robust. It lets you run armory offline and create a wallet totally isolated from the internet. And when you wish to pull money from it, you can get an online armory client to put a request file onto a usb key. Then you take the usb key go to your offline computer and verify the transaction with your offline wallet. Finally, go back to your online computer and plug in the usb and the transaction goes through.

silvereagle

newbie

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I think any place that is accessible online isn't safe. If anyone hacks your Gmail password or GMail starts handing over wallet.dat files to authorities there is no point in it.

MrLeX

newbie

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Quote from: btcminer021 on April 09, 2013, 10:51:09 AM

https://blockchain.info/wallet/

I see that blockchain.info has a feature to backup your wallet to google drive and places like that. Is this backup method really safe?

ajas

member

Activity: 130

Merit: 58

Quote from: spirates on April 09, 2013, 08:27:05 AM

Well with the price keep rising Iam worrying that I might loose my coins cause they arent kept in a safe place. Currently they are at a internet market, but iam thinking of moving them to Bitstamp. What are the safest places to keep them? On your computer, but then you can loose them if your computer crashes right? On a internet bank?

cf. for instance https://en.bitcoin.it/wiki/Paper_wallet

SilentSonicBoom

sr. member

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Keep your coins offline in a USB wallet or on paper in a safe.

btcminer021

member

Activity: 98

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Mine hard!

https://blockchain.info/wallet/

silvereagle

newbie

Activity: 28

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I would agree that paper is the best form of cold storage. You can put on flash drive and keep off the grid, but I've had those corrupted before and then your wallet is gone. Best to print out QR code (or better yet private key string in case you can't find QR reader) and drop in a fireproof safe -- assuming you have enough to worry about.

scarce

newbie

Activity: 29

Merit: 0

If you have not come across this information in the meantime, check out Armory (bitcoinarmory.com). It should help you start storing your bitcoins in the safest possible way according to you IT skills..

Tripmode

full member

Activity: 168

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I think people make too much of an issue out of this. If you get Malware constantly then you probably shouldn't be involved in bitcoins to begin with lol

ljackstar

newbie

Activity: 31

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What about a bitcoin wallet? or is it better to keep them off the computer period?

jgm

newbie

Activity: 10

Merit: 0

Quote from: spirates on April 09, 2013, 08:41:42 AM

wut how do i print out bitcoins on paper? and how do i get them back in the computer when i want to spend them?

You're not printing out bitcoins, you're printing out the keys to your bitcoins.

Think of the bitcoin system as a large vault filled with safety deposit boxes. Each safety deposit box has an address; that's your bitcoin address (also known as public key). Each safety deposit box also has an entry code: that's your private key.

When you create a paper wallet all you're doing is taking your public and private keys and writing them down. The bitcoins stay where they've always been.

Topic: Safest storage for bitcoins? - page 2. (Read 1738 times)