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Title: cold storage Post by: straus on January 13, 2014, 07:50:39 PM Hi everyone,
As i understand, the purpose of a cold storage wallet is that your private key has never been on the network, therefore, it cannot be hacked. Are there any risks involved with cold storage wallet? How do you go about verifying that a cold storage wallet is active? Title: Re: cold storage Post by: jongameson on January 13, 2014, 08:02:12 PM Hi everyone, As i understand, the purpose of a cold storage wallet is that your private key has never been on the network, therefore, it cannot be hacked. Are there any risks involved with cold storage wallet? How do you go about verifying that a cold storage wallet is active? no risks, unless the medium goes bad. and they do unfortunately. so your probably better off emailing yourself a copy of the key in Gmail 8) then you'll ALWAYS have a copy in the cloud!!! (please don't do this ::)) |