Paper wallets can be password protected. As mentioned BIP38.
They also can be cut in parts and stored in different locations. Or generate a split wallet (bitaddress,org) to begin with. Also, paper wallets don't need to be printed, they can be stored as PDFs. You also can store your keys on several USB media and store in several locations. Plenty of options. The "best" solution depends on your situation and circumstances.
Think outside the box, but also think about how your family would get access to your coins in case you get hit by a bus.
Topic: What kind of cold storage do you use? - page 4. (Read 2962 times)
I use my Wallet Card (from Bit-Card) as my Cold Storage Wallet.
Paper wallets. The best god dam cold storage there is.
Two-factor (BIP38) paper wallets. Simple(ish) passphrase.
The point is that we're pretty good at physical security (because it's what we had for thousands of years), and the likely attack vectors to nab your paper wallet and your passphrase are most likely very different.
The point is that we're pretty good at physical security (because it's what we had for thousands of years), and the likely attack vectors to nab your paper wallet and your passphrase are most likely very different.
So, I am kind of at a loss of what cold storage method to use. I've noticed each one has its own pros and cons. For example, a paper wallet requires no memorizing and works completely offline, but if somebody finds it or if you lose it, you're screwed. With brain wallets, if you forget it, you're screwed. USBs and SD cards are essentially the same as paper wallets except electronic. I would like to know what are some good cold storage methods people have come up with and why they work better than other alternatives.
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