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Author Topic: Best current cold storage method  (Read 4406 times)
crazyivan
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November 04, 2015, 09:15:56 AM
 #61

Copy you wallet.dat on USB and put USB into some bank.

The other option is use an old offline laptop, if you need more frequent access to your coins.
However, the laptop needs to be offline ALL THE TIME, besides few minutes when u send coins. Also, in this case you need backup as well so probably the best option would be combination of these two.

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EternalWingsofGod
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November 04, 2015, 09:25:05 AM
 #62

I have read around some and cant find much that isnt a few years old.

Im new to BTC and was going to keep a few hundred $ worth on blockchain.info to spend and then invest in a few thousand $ in an offline manner.  Is a paper wallet the best bet?  I am not very tech savvy.  Also where is the best exchange to buy from?  Thanks in advance.

For convinience a backup wallet.dat and Bitcoin Core would be very secure and my recommended method to keep them safe.
Of course you can also use cold storage options like a paper wallet or download wallets that provide those capabilities such as Armory.

Rude Boy
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November 04, 2015, 09:39:05 AM
 #63

Paper/brain wallet. No other methods. Because every device having the possibility to affect by the virus even that device doesn't ever connected to the internet. http://www.virusresearch.org/computer-virus-using-inaudible-sound-waves-to-transmit-data/
ranochigo
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November 04, 2015, 09:41:24 AM
 #64

Paper/brain wallet. No other methods. Because every device having the possibility to affect by the virus even that device doesn't ever connected to the internet. http://www.virusresearch.org/computer-virus-using-inaudible-sound-waves-to-transmit-data/
No matter what, you would still expose your device to an offline or online device to sign and broadcast transactions. Brainwallet is quite insecure nowadays and would have very little entropy compared to a paper wallet generated with bitaddress.org.















 

 

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BitcoinBullion
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November 04, 2015, 04:26:44 PM
 #65

I got a Trevor on the way should be here today or tomorrow.

Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle.  Procrastinating cost me a lot of money here.
Bitcoinpro
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November 04, 2015, 04:29:02 PM
 #66

I got a Trevor on the way should be here today or tomorrow.

Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle.  Procrastinating cost me a lot of money here.

Ebay, some of the prices are quite reasonable and maybe cheap atm considering the price jump

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devil11
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November 04, 2015, 04:30:56 PM
 #67

Wallet is all the best and i recommend to use blockchain.info for safe and secure your BTC !  Smiley

BitcoinNewsMagazine
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November 04, 2015, 06:48:16 PM
 #68

I got a Trevor on the way should be here today or tomorrow.

Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle.  Procrastinating cost me a lot of money here.

You made the right choice, you will like the Trezor. Have you looked into getting an account set up at Gemini?

newcripto
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November 04, 2015, 06:52:55 PM
 #69

At current the best available options for everyone are paper wallet and core wallet with strong password while your machine must be protected with some well reputed antivirus.I am using these methods successfully so far and it is working flawlessly for me.
RealBitcoin
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November 04, 2015, 06:59:34 PM
 #70

Paper/brain wallet. No other methods. Because every device having the possibility to affect by the virus even that device doesn't ever connected to the internet. http://www.virusresearch.org/computer-virus-using-inaudible-sound-waves-to-transmit-data/

Disable sound card from BIOS.

Take out the network card.

Easy.

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November 04, 2015, 06:59:47 PM
 #71

At current the best available options for everyone are paper wallet and core wallet with strong password while your machine must be protected with some well reputed antivirus.I am using these methods successfully so far and it is working flawlessly for me.

I agree on the paper wallet for most of the users, but core wallet is simply too slow to be used for fast sync and transfers imho, and i would always choose electrum over it.
In regards to strong password and good antivirus; don't trust them too much because many new trojans won't even get detected, no matter what AV you use. People just use crypters that hide virus from
definitions/markers that AV uses to recognize them. It's always better to be careful on what you are doing, installing,clicking.. than to just rely on your AV to protect you.
georgist
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November 04, 2015, 10:38:17 PM
 #72

Multisig seems more manageable
ShetKid
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November 04, 2015, 11:19:04 PM
 #73

Multisig seems more manageable

Thast is not a cold storage wallet. Its just a way to keep your bitcoins more secure. But also has certain risks. Paper wallet is the best way to go for cold storages.

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November 05, 2015, 01:31:20 AM
 #74

I was considering buying a keepkey hardware wallet, i havent done much research into hardware wallets, but ready through these posts im gonna have a quick google about "trezor" wallets.

http://www.amazon.co.uk/Keepkey-Your-Private-Bitcoin-Vault/dp/B0143M2A5S/ref=sr_1_4?ie=UTF8&qid=1446687004&sr=8-4&keywords=bitcoin+wallet

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November 05, 2015, 01:39:39 AM
 #75

I was considering buying a keepkey hardware wallet, i havent done much research into hardware wallets, but ready through these posts im gonna have a quick google about "trezor" wallets.

http://www.amazon.co.uk/Keepkey-Your-Private-Bitcoin-Vault/dp/B0143M2A5S/ref=sr_1_4?ie=UTF8&qid=1446687004&sr=8-4&keywords=bitcoin+wallet


Trezor is probably the most known hardware wallet. Wouldn't suggest going with any theird party ones for now. That one seems fairly new, and people posting the reviews did so end of october.

BitcoinBullion
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November 05, 2015, 01:50:02 AM
 #76

I got a Trevor on the way should be here today or tomorrow.

Now im stuck waiting with no ability to get more BTC since I capped out my $500 and $300 on CB and Circle.  Procrastinating cost me a lot of money here.

You made the right choice, you will like the Trezor. Have you looked into getting an account set up at Gemini?

I did not because someone posted ITT saying they are still new and has some security issues.
romjpn
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November 05, 2015, 02:31:16 AM
 #77

USB sticks are surprisingly resistant. One cheap one that went into the washing machine in a jeans pocket still work like nothing happened. Shocked

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November 05, 2015, 06:53:40 PM
 #78

USB sticks are surprisingly resistant.
But they can fail without notice, with no hopes for practical data recovery.

If you are going to backup important stuff on them, I'd recommend at least 3.   Huh

One should have over 20 back ups of their wallets.

No questions asked.
OROBTC
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November 05, 2015, 10:08:21 PM
 #79

USB sticks are surprisingly resistant.
But they can fail without notice, with no hopes for practical data recovery.

If you are going to backup important stuff on them, I'd recommend at least 3.   Huh

One should have over 20 back ups of their wallets.

No questions asked.


Ha ha ha.  I thought I was the only one who thought that way.  Smiley

Actually, I keep only three copies, they should be safe enough.

I DO keep SEVEN copies of our sales database though...

Priorities!
Parazyd
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November 05, 2015, 10:10:31 PM
 #80

Do you guys BIP38 your paper wallets?
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