Bitcoin Forum

What do you guys think, paper wallet or a USB like storage device, like the trezor? I am personally kind of iffy on it but would like to hear everyones feedback.

It's a great option, here is how it compares:

https://bitcointalk.org/index.php?topic=858604.0

 

thank you for the guide!!!
really good tips.
i just bookmarked it!!!

Thanks, I had no idea that so many options existed. I was aware of some of these, but not all. Good post.

Best regards

Really good thread on all options.
I personally would use a paper wallet, with the private key stored in a bank locker.

paper wallet is for pure cold storage,it is focused on not moving bitcoins unless you really need them

hardware wallet is a secure method of making transactions and you can use it as a cold storage too

I think  a plasticized paper wallet is the best way to store the bitcoin (for a long term) , but the trezor is a good compromised  if you want to store and use bitcoin in the same time.

you can choose a titanium wallet too

I would stick with a paper wallet, as a hardware wallet is an extra investment of 120$, even though I bought one lately.
But paper wallets should be convenient 90% of the times.

Take any old unused hard drive....


... and carve the keys into the metal.



... put it in a baggie


... half fill a coffee can with concrete


... drop it in.


... fill 'er up


... rent post hole auger with extension.


... go down about 10ft


... drop it in.


... fill it in


... build patio over it.


... head for the mountains when nuclear war imminent


... live there 5 years in cave


... scavenge jackhammer


... bust up top foot of glass over location of former patio


... dig down


... recover private key and wish they'd hurry up and get the internet working again...

Of course paper walet, it's cheaper & safer than hardware wallet  :)
But, it's only for cold storage

I will choose Hardware wallet especially Trezor because i think it's cool & can used as hot wallet  :)

I didn't know this item before , I will check it . Thanks for the information.

Looks like I should add a hardware wallet to my Xmas list.

I use paper wallets in my bank safety deposit for cold storage.

I use blockchain app for hot wallet, but seems like hardware wallets are all the rage.

for me hardware wallet because safety :)

Most important variable is probably your own ability to successfully store your bitcoin. If you know what you are doing with paper wallets i'd say that is better vs trezor.

Paper wallet is for long term storage. It is free and secure. A hardware wallet is for every day use. They have different functions. If you have to compare hot wallets to software clients, I will choose hardware wallet.

Lol  :D

And OP, I think it all depends on how much btc you're trying to secure, if you have a lot of bitcoin then Trezor is best imo, else a paper wallet is great for cold storage.

If it needs electricity to run, sooner or later it will break down.
Paper is a way better solution for long term cold wallets.

Paper wallets as they're pretty much free to make.

Looking to buy a hardware wallet in the future, the prices for them are still a little too high for a scrooge like me.

Paper wallet for cold storage - plasticized and made offline.
Hardware wallet for daily use.
 :)

Paper wallet

What do you want to do?

If you want to store the coins, for years, and you want the cheapest option, use paper wallets.

If you want to store bigger amounts of coins, than you would with web wallets, and you want to use it daily, go for the Hardware wallet {Trezor}

Hope that helps. 

Is paper wallet = online wallet   ?

I have known hardware wallet like silver wallet , trexor, ledgerwallet (just launch)
It's kindda cool if we have something real

I like paper wallets. Since I have started with my first bitcoins, I always had the good habit of keeping most of my coins in paper wallets. I even have an offline computer (that has never been online) just to create my paper wallets, backups, etc.

But I would gladly use a hardware wallet if I find it safe and practical enough to use.

Paper wallet is when you print out the wallet details(address,priv key) through a paper wallet generator. Its like an offline cold storage to store the coins.

I don't even know how those paper  wallets works so I would just vote for Trezor , It's the safest till now as far as I know , but also looking forward to see this project finished https://mycelium.com/bitcoincard

I vote for paper wallet...

I put it in my mattress and I sleep soundly.
even if it will be thief, will not know what to do!

Electronic because I get to take mine on the go with the blockchain mobile app and scan other people's QR codes :)

I'll definitely go for trezor since this will offer the best protection. I don't like the idea of using paper because if anything goes wrong like the paper getting wet or if the qr code ink blurred out, there is no way to recover it ever. Plus, if the private key qr code gets revealed, you can take a snapshot of it and that is all you need to access the fund.

If I had the choice between having to put all my coin on a paper wallet that was to be dunked in a puddle or go through the laundry and a hardware wallet that was to suffer the same, I'd choose paper. I would of course choose good quality paper and inks.... if you absolutely INSIST on using a crappy inkjet, write it out manually underneath with a BIC ballpen.


... And this is from a guy that has reflowed motherboards in toaster ovens, brought back cellphones from being dropped in the toilet, re-animated dodo dead HDDs, de-bricked things via JTAG, in short I'm a fucking necromancer for dead electronics. If you put a modern piece of electronics into an oven and slowly raised the temperature to 200C, components would be dropping off it, if you did the same to a piece of paper, it would get a little brown, doesn't burn until about 220C and some papers are good for up to 250C... So stick either in a fire safe, have the burning house collapse on top of it, and my money is STILL on the paper..... and if this ever happens to you... and a fireman happens to kick your firesafe out of the embers, DO NOT RUSH TO OPEN IT... your paper could still be intact and HOT, but has not burned in absence of oxygen, let that shit cool RIGHT THE HELL DOWN, unless you really wanted a *poof* and it's gone moment when you open it.


IMO hardware is good safety for a "hot" wallet, not for storage.

You can have a look here for paper wallet. https://bitcoinpaperwallet.com
Then you can understand and evaulat.

I like more paper wallets, but I can't say what is safest. To my opininon it depends more about habits and practices.

If i wanna keep the coins aside for some time then i would prefer a paper wallet. I still have some funds in paper wallet.

I would recommend you to put your paper wallet into iron safe. (99%)
HW wallets are great too, but little bit expensive.  :-\

Bank locker is a bad bad idea. You are already considered an "unsecured creditor". Do not allow a totally bankrupt banking system to hold your coins as a counterparty. You are inviting risk that is unnecessary.

Besides which some states seize deposit contents frequently as "lost property", California was doing it yearly until recently.

A paper wallet is essentially the same as a USB wallet as both do essentially the same thing - store your private keys "offline"

I personally do not trust hardware wallets like trezor as the concept is still very new and the technology has not stood the test of time

i think the same..

if you want to put your wallet offline use paper wallet...
if you want to put offline, but with the possibility to restore it, use USB.

that's all!