Just wanted to add, the same thing would apply to a 2nd Cold offline computer right?
1) Install Bitcoin on your future cold computer
2) Generate a wallet/address on your future cold computer
3) Disconnect your computer from the internet and keep it disconnected permanently.
4) Using Blockchain, your Hot Computer, or whatever computer that has funds, send Bitcoins to your cold computer's address
5) Check/Watch the balance on the blockchain to see that you have the funds on the new address for your cold computer
6) Encrypt the cold computer wallet, make backups flash drives/paper copies with BIP-38, and/or hide the computer for more security
Miss anything or is that about right for the cold storage for 2nd computer?
Topic: So BIP-38 Encrypted Paper Wallet = Most Secure? - page 2. (Read 11162 times)
Correct me if I am wrong, but the differences between a normal printed paper wallet and a BIP-38 printed paper wallet is:
Normal Paper Wallet = You have to hide these like diamonds in your house. If a robber breaks into your house and still manages to break into your safe and take the paper wallet, well you're fucked. He has access to your private key.
BIP-38 Encrypted Paper Wallet = You can have 100 printed out if you wanted to. You can hide one in every room of your house, the bank deposit boxes, in your backyard underground, in your work office, or again in your personal safe at home. The difference is, even if a robber breaks in and steals it, or a coworker takes it, they won't be able to access it since the private key is encrypted.
Are there any downsides to BIP-38? Is it just as easy to transfer funds to and from the encrypted paper wallet or is more work involved than a normal paper wallet?
Normal Paper Wallet = You have to hide these like diamonds in your house. If a robber breaks into your house and still manages to break into your safe and take the paper wallet, well you're fucked. He has access to your private key.
BIP-38 Encrypted Paper Wallet = You can have 100 printed out if you wanted to. You can hide one in every room of your house, the bank deposit boxes, in your backyard underground, in your work office, or again in your personal safe at home. The difference is, even if a robber breaks in and steals it, or a coworker takes it, they won't be able to access it since the private key is encrypted.
Are there any downsides to BIP-38? Is it just as easy to transfer funds to and from the encrypted paper wallet or is more work involved than a normal paper wallet?
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