Hello,
I would like to know what would be the best option to store either eth or btc.
I have read all you said and I understand that an Air Gapped computer would be best but then how do you transfer funds if you need to? My guess is that you only connect it to the internet when you need to, right? But I think this way the hacker can interfere exactly when you connect it and steal everything . Maybe 2 networks would solve this problem? I do have 2 networks but from time to time I am forced to use the other one therefore I dont have a network that it is not used 100%
I have seen that there is an airgap wallet made for tezos, btc, eth etc. that uses 2 phones . 1 phone for cold storage with no conections (no sim and airplane mode activated probably or even shut down) and the other phone which is your daily phone . I think this would be a better choice because when you do a transaction you can use network from SIM which I suppose that it is more secure. I am not an expert so thats why I want to ask for your opinion but in my mind this seems to be a better way than computers because I know that phone are harder to hack (unless you have an app installed) and also because of SIM network.
Hardware wallets still have to connect to a computer and as we can see in this post they are not really safe... even with an airgapped computer you still need a network to dowload ledger live , update software etc.
In conclusion , am I right about 2 phones being more secure or would it be better to have a hardware wallet (ledger) connected to an airgapped computer? (What I didn't take in consideration is that the app itself could be malicious maybe... I don t know , thats why I ask
) . Sorry if I sound dumb
)
If airgapped computer with ledger is the answer can you please tell me what a proper airgap setup would mean and how should I do it?
Thanks in advance!
All the best
EDIT: I seen that moccacino said that with a dedicated pc you dont even need a ledger. "get a dedicated pc for your wallet, just do a clean install, remove the network card (or deinstall the drivers), install the latest version of bitcoin core or electrum by following an airgapped setup walktrough and you'll have a wallet that tops a hw wallet when it comes to security. Just make sure you do it right... There are several ways you can mess up an airgapped setup... Ah, and make sure you keep a backup of your seed or wallet.dat on a couple usb sticks which you only plugin in your offline airgapped machine (and use a strong password to encrypt them"
Just a couple of questions here
1. How to install bitcoin core/electrum without network? Even if you take the file on usb from another computer from what I know a trojan/virus can migrate to that usb and the moment you insert it in your airgap pc its done (I could be very wrong)
2. How to make transactions if there is no connection to internet? (another ISP or is there a way to see if the network is safe? )
3 What it means to have a backup of seed? If I am writing the seed on a paper isn't that enough or going this way you cant recover the wallet with the seed?
4. Where is the password needed ? Folder password for wallet.dat or no ?