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Topic: You have 10 Bitcoin, how do you store them? (Read 2221 times)

sr. member
Activity: 266
Merit: 250
if you want something do something!!!
March 04, 2014, 02:54:47 PM
#49
i will create a 10 different waleet and store 1btc for each of them plus another wallet for me to earn more
full member
Activity: 154
Merit: 100

My best and trusted friend that I've known since high school is keeping a copy of keys in case of death of total destruction event.

That's acctually smart. Well very smart if I might say. Did you discussed what will he do with those bitcoins ? will he keep them to himself or give it to your family ?
sr. member
Activity: 321
Merit: 250
Instead of asking how to secure my own Bitcoin.... say I sent you 10 Bitcoin now, how would you store them for a year?

I've currently got my Bitcoin in 4 paper wallets.... generated via BitAddress.org (Offline)

In mt.gox. I hear it's the best place to store btc.
sr. member
Activity: 465
Merit: 250
Store your btc in a paper wallet should be safe enough
legendary
Activity: 910
Merit: 1000
Use armory to generate an offline wallet Smiley
global moderator
Activity: 3766
Merit: 2610
In a world of peaches, don't ask for apple sauce
Go to a "totally" legit website from China. Then put them there. Hopefully I will see them again  Tongue
Don't get what you are referring to?

obvious sarcasm lol
I understood that. But maybe he was referring to some specific site.
hero member
Activity: 662
Merit: 500
Go to a "totally" legit website from China. Then put them there. Hopefully I will see them again  Tongue
Don't get what you are referring to?

obvious sarcasm lol
global moderator
Activity: 3766
Merit: 2610
In a world of peaches, don't ask for apple sauce
Go to a "totally" legit website from China. Then put them there. Hopefully I will see them again  Tongue
Don't get what you are referring to?
newbie
Activity: 50
Merit: 0
Go to a "totally" legit website from China. Then put them there. Hopefully I will see them again  Tongue
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
I definetly withdraw it into my bank account i won't store anywhere
you are missing the pint that he wants his btc save because like most of us he might be expecting the raise in price ..! so not point of withdrawing to bank.
legendary
Activity: 1764
Merit: 1031
I using brainwallet, but make sure you remember the passphrase (I writing down hints)

Careful with writing down the passphrase, have heard of a guy losing it and losing ~50 BTC!

If you want to keep your coins, don't use a brainwallet. http://bitscan.com/bitnews/item/the-pros-and-cons-of-brainwallets
legendary
Activity: 1764
Merit: 1031
Unfortunately that's the only thing I don't trust.... BitAddress.org I know they're probably are trusted but I wish there was a way to generate a private key offline without trusting a 3rd party... Sad

+1 for python code. I've used/adapted (so it's actually random...) the code for mini private keys (Google the phrase). Use os.random not random. Run it offline and use bitaddress.org to create the address, also offline. Then you can use the key/address to cold store coins in whatever way you see fit. Paper wallet, hammered with punches into metal (my preferred solution at the moment), tattooed on your buttocks, hammered with punches into your buttocks, tattooed onto a paper wallet that you then hammer your buttocks with... you get the idea.
Probably worth diversifying and keeping a bit at blockchain.info
newbie
Activity: 9
Merit: 0
I using brainwallet, but make sure you remember the passphrase (I writing down hints)

Careful with writing down the passphrase, have heard of a guy losing it and losing ~50 BTC!
legendary
Activity: 1022
Merit: 1000
It sounds like by splitting them up and putting them on paper wallets you've acted in a very prudent manner.  Put them in a safe deposit box and you are good to go. 

I agree with DH about the integrity of the qt client.  If it is not trustworthy btc is done. 

If you are going to keep some online, I'd spread them out between a few relatively trusted companies like blockchain.info.

Good Luck!
hero member
Activity: 798
Merit: 1000
I using brainwallet, but make sure you remember the passphrase (I writing down hints)
newbie
Activity: 9
Merit: 0
Would strongly advise you to store any BTC you consider too valuable to lose in offline mode as others have mentioned.

Don't wanna get GOX'd.
sr. member
Activity: 364
Merit: 250
I actually trust Coinbase with small amounts <5. Anything more Wallet with about 3 USB drives with .dats locked in a safe.
I wouldn't trust an offline wallet with anything above 1 BTC,
Did you meant online wallet? because there were no cases of offline wallets hacked before
global moderator
Activity: 3766
Merit: 2610
In a world of peaches, don't ask for apple sauce
I actually trust Coinbase with small amounts <5. Anything more Wallet with about 3 USB drives with .dats locked in a safe.
I wouldn't trust an offline wallet with anything above 1 BTC,
member
Activity: 112
Merit: 10
From the Place of Mount Everest & Buddha
Are you sending me some coins?
if you will send me some coins then of course i will show you.
hero member
Activity: 518
Merit: 500
Hodl!
Pontifex (Solitaire) encypher them as bridge scores and poker hands and post them all round those blogs and forums as examples or "problems" ...

But if you're going to use a brain wallet, use some complete nonsense phrase, if you're going to be secure, be secure, "do or do not there is no try"  Wink
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