Topic: What is the cold storage wallet? (Read 2250 times)

Quote from: Herbert2020 on July 10, 2015, 06:04:44 AM

Quote from: notlist3d on July 11, 2015, 03:44:05 AM

Basically i understood that Cold Storage Wallet is saving your coins offline, and can be used later on.
We can save it in different mediums.

Right?

that is correct.
as long as you made the wallet (private keys) offline and away from any malware with legit software, it can be considered cold storage.
i personally like offline linux on my USB

How can a malwareaffect my cold storge lol?

Malware can infect the computer and have the potential to reduce the randomness when generating the private key (I don't know any malware that can do that however). Even if it is offline, the malware can send the private key once its online.

For the linux part, its pretty much just about preferences. If you're offline, you would be safe regardless of what OS you use as long as the RNG is random.

Quote from: Muhammed Zakir on July 11, 2015, 02:19:52 AM

Quote from: chaser15 on July 10, 2015, 09:27:54 AM

Quote from: Muhammed Zakir on July 11, 2015, 02:19:52 AM

-snip-

I mean what's those private keys look like when stored in offline hard disk or USB's? Like a file ? So it have file extensions?

When you export the private key, the file is usually looks like "wallet.dat"

That's I want to know. So .dat is the file extension. Thanks for the info Sir.

No. There is no certain extension for files with private keys. Wallet.dat contains a few other things other than private keys and you will need a wallet which is compatible with that wallet.dat. Therefore, it is better to save private keys in a text file. If you want, encrypt it.

Main wallet is the core wallet that uses wallet.dat . It's not a bad thing to have on a thumb drive to save. But defintally keep the private key's.

I personally really like paper wallet's. They are a great way to store key's offline and in safe places. They are cold and no online in anyway.

Thumbdrives are usually quite fragile and hardware failures can occur. You can easily laminate the private key and it would be quite safe from water and probably wouldn't fade for a long tim.

notlist3d

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Quote from: chaser15 on July 10, 2015, 09:27:54 AM

Quote from: chaser15 on July 10, 2015, 09:27:54 AM

-snip-

I mean what's those private keys look like when stored in offline hard disk or USB's? Like a file ? So it have file extensions?

When you export the private key, the file is usually looks like "wallet.dat"

That's I want to know. So .dat is the file extension. Thanks for the info Sir.

No. There is no certain extension for files with private keys. Wallet.dat contains a few other things other than private keys and you will need a wallet which is compatible with that wallet.dat. Therefore, it is better to save private keys in a text file. If you want, encrypt it.

Main wallet is the core wallet that uses wallet.dat . It's not a bad thing to have on a thumb drive to save. But defintally keep the private key's.

I personally really like paper wallet's. They are a great way to store key's offline and in safe places. They are cold and no online in anyway.

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

-snip-

I mean what's those private keys look like when stored in offline hard disk or USB's? Like a file ? So it have file extensions?

When you export the private key, the file is usually looks like "wallet.dat"

That's I want to know. So .dat is the file extension. Thanks for the info Sir.

No. There is no certain extension for files with private keys. Wallet.dat contains a few other things other than private keys and you will need a wallet which is compatible with that wallet.dat. Therefore, it is better to save private keys in a text file. If you want, encrypt it.

chaser15

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Quote from: Phix on July 10, 2015, 06:21:03 AM

-snip-

I mean what's those private keys look like when stored in offline hard disk or USB's? Like a file ? So it have file extensions?

When you export the private key, the file is usually looks like "wallet.dat"

That's I want to know. So .dat is the file extension. Thanks for the info Sir.

jeroenn13

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I agree with paper wallets for OP. Current best option and cheapest.

Amph

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Quote from: notlist3d on July 10, 2015, 06:13:12 AM

Quote from: Herbert2020 on July 10, 2015, 06:04:44 AM

Quote from: notlist3d on July 10, 2015, 06:13:12 AM

Basically i understood that Cold Storage Wallet is saving your coins offline, and can be used later on.
We can save it in different mediums.

Right?

that is correct.
as long as you made the wallet (private keys) offline and away from any malware with legit software, it can be considered cold storage.
i personally like offline linux on my USB

How can a malwareaffect my cold storge lol?

If done right no it can't. That's the whole point of being offline. You are not online for malware to get it.

If done wrong, or computer was compromised before making yes you could have issues with malware.

Please can you explain something more>

basically if while you are storing your wallet, the pc is infected, it could infect your usb too, so it will not be safe, next time you will connect it a bad surprise might happen

it is advisable to do a cold wallet in a 100% secure pc, to be sure that you're not infected, you need a secure erase first then, you run the client BEFORE everything else

another trick(i'm actually using this, i find it pretty convenient to fight infection) is to have a small amount in your main desktop, on which you connect your usb, if that small amount is still there, you know at 100% that your pc is safe

Phix

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Quote from: Herbert2020 on July 10, 2015, 06:04:44 AM

Basically i understood that Cold Storage Wallet is saving your coins offline, and can be used later on.
We can save it in different mediums.

Right?

that is correct.
as long as you made the wallet (private keys) offline and away from any malware with legit software, it can be considered cold storage.
i personally like offline linux on my USB

How can a malwareaffect my cold storge lol?

If done right no it can't. That's the whole point of being offline. You are not online for malware to get it.

If done wrong, or computer was compromised before making yes you could have issues with malware.

Please can you explain something more>

notlist3d

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Quote from: Herbert2020 on July 10, 2015, 06:04:44 AM

Quote from: Herbert2020 on July 10, 2015, 06:04:44 AM

Basically i understood that Cold Storage Wallet is saving your coins offline, and can be used later on.
We can save it in different mediums.

Right?

that is correct.
as long as you made the wallet (private keys) offline and away from any malware with legit software, it can be considered cold storage.
i personally like offline linux on my USB

How can a malwareaffect my cold storge lol?

If done right no it can't. That's the whole point of being offline. You are not online for malware to get it.

If done wrong, or computer was compromised before making yes you could have issues with malware.

Phix

member

Activity: 111

Merit: 10

Basically i understood that Cold Storage Wallet is saving your coins offline, and can be used later on.
We can save it in different mediums.

Right?

that is correct.
as long as you made the wallet (private keys) offline and away from any malware with legit software, it can be considered cold storage.
i personally like offline linux on my USB

How can a malwareaffect my cold storge lol?

Herbert2020

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Merit: 1137