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Question: What is the best way to sercurly store bitcoins and other cryptocurrencies
Paper Wallet stored somewhere sercure and safe
Store encrypted on a USB Device
Stored inside an encrypted computer on a virtual machine
Stored on my computer
Stored on an exchange or wallet with 2fa
In a transaction that is multisigned with all the heys being stored in differnt vaults or locations
stored in a brainwallet
stored in a paper wallet each address with only 5-10% of the total amount
stored in an address with the private key encrypted and then written on a dog tag or key chain that is always carried around
Stored in a multisign transaction with 1 piece always on you in the form of a dogtag or keychain, one in a vault, and the last one somewhere dug underground
Armory M of N backup of an offline created wallet stored in multiple different physical locations
offline wallet secured on a laptop in a safe with no connection

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Author Topic: What is the best way to sercurly store bitcoins and other cryptocurrencies  (Read 2559 times)
Beliathon
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March 09, 2014, 02:15:09 PM
 #21

I had my friend, who is a board-certified surgeon, open up my abdomen cavity and place a ziplock bag with my paper wallet inside. It will remain there for 7 years before I must re-do the operation or spend the coins. Please don't find out who I am and cut my open in my sleep. ):

If your serious I think that was the most secure idea until you just said it. I hope you hid your IP. There may be people looking to cut you open.
They could try! But I'm a very dangerous person! Plus, what if my paper wallet only has 3 BTC on it? They'll feel like fools for murdering me then, won't they!

Ha ha ha, I get the last laugh!

P.S.
Actually, a brain wallet is truly the most secure method, if you do it correctly and never get Alzheimer's.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
Ibian
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March 09, 2014, 02:36:58 PM
 #22

Re: Armory: I use multibit. Is armory so much safer that it makes sense switching?

Look inside yourself, and you will see that you are the bubble.
amspir
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March 09, 2014, 02:54:26 PM
 #23

Actually, a brain wallet is truly the most secure method, if you do it correctly and never get Alzheimer's.

For large amounts, probably not.  If it is known that you possess a brain wallet with a large amount of funds, then an abduction with an appropriate amount of cruelty would get you give it up. (How many fingers would you sacrifice before you decide that it's not worth it to hold out?)

IamCANADIAN013
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March 10, 2014, 03:53:10 AM
 #24

I voted a paper wallet put somewhere secure. I'd put in my safety deposit box at my credit union I deal with.
roslinpl
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March 10, 2014, 09:53:01 PM
 #25

Paper wallet best and most secure Smiley
This is for sure!

and there is none perfect method.
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