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Topic: What is the cold storage wallet? - page 3. (Read 2250 times)

hero member
Activity: 686
Merit: 500
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July 08, 2015, 12:51:17 PM
#4
Hi everyone

What is the cold storage wallet?

And how to do that?

Thanks in advance.

For more clear info: https://en.bitcoin.it/wiki/Cold_storage

Use paper wallet is cheap and of course secure.
legendary
Activity: 1456
Merit: 1000
July 08, 2015, 12:45:19 PM
#3
A properly done paper wallet is hard to beat.  You have to treat it safely and do it at home.

Also store it in a safe area. And make a backup do not just have one copy.  But if done properly a paper wallet an be hard to beat.
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
July 08, 2015, 11:10:18 AM
#2
Hi everyone

What is the cold storage wallet?

A wallet is considered cold if it is kept offline without any internet connection. In order to broadcast transactions and keep up to date on your balances you also need a watch only wallet that is online, but does not have the private keys in order to sign a transaction. The watch only wallet creates the transaction, but cant sign it. You transfer it to the offline computer (e.g. via QR-code or USB-stick), sign it there and transfer it back for broadcasting.


And how to do that?

Thanks in advance.

#1 get additional computer
#2 install software
#3 dont go online
newbie
Activity: 18
Merit: 0
July 08, 2015, 10:59:36 AM
#1
Hi everyone

What is the cold storage wallet?

And how to do that?

Thanks in advance.
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