Regarding security and storing BTC for a long time, is my method safe ?
I have printed 10 paper wallets from bitaddress.org and deposited a small amount in each one. I have added the public key of all 10 addresses to my blockchain.info account as (Watch Only) just so i can see the balance of all paper wallets combined, I have then locked up the paper wallets in my safe...... is this a recommended way to store BTC ?
I'm not worried about some security factors such as "someone stealing safe" - "house burning down" - "printer storing print in memory", using my method is it impossible to have my BTC stollen ?
Impossible? Not even close.
There are multiple attack vectors possible using bitaddress.org.
If you're storing coins long term, I don't see why you would
settle for anything less than cold storage.
Cold storage means using a computer that HAS NEVER BEEN ONLINE AND NEVER WILL BE.
I see what you mean, I'm probably only going to have £100 max ever in my account, i don't plan on moving around my bitcoins to keep them safe, i just want them there for when i want to spend them say 5 - 10£ here and there .... and then when i feel like it or the rate is low then i will top up my BTC by another £50 or so.
Realistically is there much of a chance of something bad happening ??
