want to buy & hold bitcoin & ethereum - software choices - page 2.

infer

sr. member

Activity: 350

Merit: 250

Quote from: feh on May 29, 2017, 09:09:40 AM

Hello folks.

I am looking to purchase bitcoin and ethereum as investments. In other words, I don't plan on using them to pay for services or goods.

My question is - what is the simplest method of cold storage? Is there a single desktop app I could use that supports both currencies? Is Jaxx the answer for this use case?

Thanks.

Well, you can use coinbase if you are scared that you can lose private key or something like that. However, I suggest you should use electrum and myetherwallet

feh

newbie

Activity: 40

Merit: 0

Quote from: Iranus on May 29, 2017, 09:15:33 AM

Not really. Jaxx is good for someone who uses multiple coins on a regular basis, but if you want cold storage and long-term storage you'd be best off creating separate paper wallets for each coin. You could have the paper wallets in safes, bank deposit boxes or buried, to give some examples.

You could also try using a TREZOR with multiple passphrases including a decoy. Then you're quite safe from 5-dollar wrench attacks, hacking and nearly any other problems I can think of.

I'm pretty sure you can store Bitcoin and Ether in the same TREZOR, using MyEtherWallet as well as their regular one.

It all depends on the level of security you want. If you get Jaxx it will probably be okay, but you're susceptible to viruses and you might not know if something happens since you wouldn't be accessing it regularly.

Thanks for the reply.

A little more info - my wallet platform is linux. I've installed Armory and EthereumWallet. I was just wondering if there was a simpler option than parallel software for both currencies. It would be convenient to just purchase one or the other and then convert some amount to the other, and also to manage both from a single wallet.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Not really. Jaxx is good for someone who uses multiple coins on a regular basis, but if you want cold storage and long-term storage you'd be best off creating separate paper wallets for each coin. You could have the paper wallets in safes, bank deposit boxes or buried, to give some examples.

You could also try using a TREZOR with multiple passphrases including a decoy. Then you're quite safe from 5-dollar wrench attacks, hacking and nearly any other problems I can think of.

I'm pretty sure you can store Bitcoin and Ether in the same TREZOR, using MyEtherWallet as well as their regular one.

It all depends on the level of security you want. If you get Jaxx it will probably be okay, but you're susceptible to viruses and you might not know if something happens since you wouldn't be accessing it regularly.

feh

newbie

Activity: 40

Merit: 0

Hello folks.

I am looking to purchase bitcoin and ethereum as investments. In other words, I don't plan on using them to pay for services or goods.

My question is - what is the simplest method of cold storage? Is there a single desktop app I could use that supports both currencies? Is Jaxx the answer for this use case?

Thanks.

Topic: want to buy & hold bitcoin & ethereum - software choices - page 2. (Read 1841 times)