Bitcoin Forum

This is quick question to check what is preferred way by all btc users.
Which is best way to store your Bitcoins? What do you prefer?

I am storing it in my computer which is not connected to internet. Only little bit amount in block chain.

i have several usb encrypted backup wallets

I would suggest changing papper to paper* so it looks like a more professional poll :P

Paper wallet is the most reliable, no?

I'm doing it via blockchain wallet only.

I would say its the safest, yes, but a wallet on say a waterproof usb is more reliable

But electronic still may fail "somehow" i think like when it will get close to some magnet or so on accidents. You can still seal your qr code into waterproof foil.

I guess you could be right on that one... I just always thought a USB would be more reliable and less work.

As long as it doesn't get wet.

Android device in a safe; I fire it up every few months for patches and updates.

C

I never even thought of this. Much better idea than say a USB drive. Too bad I would have to invest more in the android device than I already have invested in bitcoin xD

Thanks for sharing your opinions .
I see most said USB and Android device.

But what if your USB drive lost or corrupted.
OR same with android device. I guess referring to android phone and taking backup in external SD card store. What if your phone lost?
Even local hard disk can be crash , corrupted or infected.

I believe paper wallet is safe  and blockchain wallet by enable auto backup in it.

Correct if i am wrong.

http://coldpi.com/ is a pretty cool option. I haven't tried it yet but I will be looking for something as my supply grows valuable enough to need protecting.  8)

Interesting from Xapo https://xapo.com/#home (https://xapo.com/#home)

I store my bitcoins in a pepper wallet, which I sprinkle out from time to time kind of like dust...creating spicy transactions

I recommend you go to https://www.bitaddress.org/ and create a BIP38-encrypted wallet - then you don't have to worry so much about hiding the wallet. Just don't forget your password!

This is what I am doing:

Creating and loading the wallet -

1) Save to my HD the bitaddress.org URL for generating BIP-38 encrypted paper wallets.
2) Create a LINUX LiveCD for booting from a flash drive for a fresh, offline OS.
3) Disconnect computer from the internet, boot into LiveCD, and generate my encrypted paper wallet via the bitaddress.ord URL (running standalone).
4) Save the wallet off as a PDF and also print multiple copies. Since it's encrypted, I can have a few copies and keep them multiple places and the PDF will also be available if the paper fades or is destroyed.
5) Reboot regular OS and head out to the exchange.
7) Send my bitcoin to the public key of my paper wallet, starting with a small amount and confirming it got there via blockchain.info.

Getting bitcoin back out of the wallet -

1) Using the block chain app on my android tablet, scan the encrypted private key of the paper wallet (I could also use the bitaddress.org code offline to decrypt it manually also).
2) The app will ask for the key I used to BIP-38 encrypt the private key - type in the password used to encrypt it and the wallet's bitcoin will be accessable.
3) Sweep the wallet into my blockchain online wallet.
4) Send any bitcoin that I don't want to keep online into a new paper wallet, created in the same way I created the first one (might not be necessary - see 3).

Cold storage using a secondary air gapped computer to sign my txs with Electrum. Encrypted version of the seed stored on paper and USBs and a few on cloud services with 2FA activated. Unless my password is cracked (which is unlikely) I should be fine - I don't reuse that password ever so it's nearly impossible to compromise.

I keep everything on 3rd party web wallets. I use a password with both letters and numbers. What could possibly go wrong?

Paperwallet, small spending amounts in an online wallet

Large positions in offline paper wallet
I don't use online, web wallets usually

offline hardware wallet

It took some time till I realized you mean a blockchain.info-Online-wallet, don't you?
I just wondered, what that is supposed to mean, since all Bitcoins are stored on the Blockchain.
I currently use a paper wallet.

Thanks all. So finally paper wallet wins in this poll. For big amount paper wallet and small amount to be kept in online wallet for spending.