Hi everyone,
I posted here couple of days ago, and got advised to use bitaddress.org, however, I'm not 100% confident with it, so I thought about something else for a savings ONLY account. Since Bitcoin-qt created by Satoshi, I believe it should be safer to use it, right?
1. Disconnect internet
2. Run ubuntu from LIVE CD
3. Open bitcoin-qt, close it
4. Open bitcoin-qt, Generate a few addresses, copy them to a txt file, copy the addresses to 2 USB devices, write them down on paper, etc
5. Export Secret keys from wallet, write them down on a paper
6. Turn OFF PC
7. Check the blockexplorer - each transfer to each address to see if btc received
I won't encrypt and won't save the .dat to ensure that if there's a keylogger on my pc, it won't get the info.
What's your opinion guys?
Thanks!
LIVE CDs should be guaranteed free of keyloggers, or everything is already lost.
Check the MD5 of the CD.
If it can log your keys (while offline) it can copy unencrypted wallet.dat too.
Secret keys on paper is less safe than wallet file in truecrypt container. Even a
human-memorable password makes it safer, attacker has to hack you *and* need
physical access to your backups.