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Author Topic: Most secure way to store a Bitcoin "savings" account  (Read 838 times)
jordant (OP)
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January 10, 2014, 11:36:29 PM
 #1

Sorry if this question has been posted before, but I couldn't find a good, straightforward answer.

Right now, I have my wallet with Blockchain. I have one wallet login, and within my wallet I have two address. One address, my "checking" account, has .1 BTC. The other address, my "savings" account has the rest of my money.

My savings account is stored in an offline wallet I made using this tutorial: https://blockchain.info/wallet/paper-wallet-tutorial-web

I followed the instructions above and printed out two copies of the wallet.

I have a few concerns:
- my computer was connected to the internet at the time (I used the Firefox Blockchain extension)
- that somehow the wallet is stored in my printer's memory

Most likely, what I've done is secure enough. However, I'm a bit paranoid with this stuff and just want to see if there's anything else I can do to secure my so-called "savings" in Bitcoin.

Thanks in advance for any help.

bitpop
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January 11, 2014, 03:37:32 AM
 #2

I wouldn't worry. Your home printer doesn't have this kind of memory, office printers have hard drives.

For truly paranoid, use live CD with bitaddress html.

Ps insure your blockchain now says watch only.

xdigital
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January 11, 2014, 03:49:04 AM
 #3

Yes, you're paranoid not just a bit (j/k).

Here is what I think consider to be safe to generate a private key and public key.

1. Download and burn a live ubuntu disc
2. Boot from that disk, and hope it can connect to the Internet.
3. Goto www.bitaddress.org
4. Disconnect from the Internet
6. Generate an pair of private key and public key
7. Write down the private key and public key on a paper.

This optional but recommended:
8. Save that info to a formatted USB key as a backup, don't plug that into any computer.

Remove the Linux disc, and boot back to your OS, send your fund to the public key.


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