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Author Topic: Best current cold storage method  (Read 6713 times)
kaparewho
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July 17, 2019, 07:27:01 AM
 #101

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bright4mech
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July 17, 2019, 08:52:41 AM
 #102

The blockchain wallet is more secured and reliable than any other wallet, because it has strong personal password and other mains of authentication when login, secondly, in times of alt-coin trading, the competition is too high, but very cool to trade on, i prefer using LATOKEN PLATFORM, on my trading.
Zicadis
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July 17, 2019, 09:20:33 AM
 #103

There really is nothing more secure than simply printing your private key on paper, and then hiding it somewhere nobody will ever find.

encrypt it first, and then memorize the encryption key to make it extra secure.

Or if you can memorize it using the memory palace or Loci method, then even better.
angelo2
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July 19, 2019, 10:27:45 PM
 #104

As for exchnage, try coinbase pro or some dex.
flabroker
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July 20, 2019, 12:42:46 AM
 #105

Just order a blank Military ID Tag (Dog Tag) from Amazon (or something similar) and etch your paper wallet key on it and keep it in a safe place. It won't burn up in a house fire.
diahsw
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July 20, 2019, 10:37:19 AM
 #106

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.

Crypto wallet is required to enter Bitcoin, or other digital assets. Before you consider trading cryptocurrency on the exchange or buying a cryptocurrency from a broker, you must understand what a cryptocurrency wallet is and how it works. The cryptocurrency wallet consists of two elements - private key and public address. Cryptocurrency holders use their private key to access their wallet. This private key is all that is needed to access the wallet, so if it falls into the wrong hands, chances are the funds it contains will be lost forever. A public address is given to other cryptocurrency users to receive funds, and is generally given as text or as a QR code.
Cold wallet is a wallet solution that is not connected to the internet, or a solution that can be disconnected from the internet. This wallet usually comes in the form of a software wallet, which can be installed on a computer or smartphone, or a hardware wallet, which is a safe device specifically designed for cryptocurrency storage. Hardware wallet is the safest solution for storing digital currencies.

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Spaffin
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July 21, 2019, 02:53:53 PM
 #107

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.

Crypto wallet is required to enter Bitcoin, or other digital assets. Before you consider trading cryptocurrency on the exchange or buying a cryptocurrency from a broker, you must understand what a cryptocurrency wallet is and how it works. The cryptocurrency wallet consists of two elements - private key and public address. Cryptocurrency holders use their private key to access their wallet. This private key is all that is needed to access the wallet, so if it falls into the wrong hands, chances are the funds it contains will be lost forever. A public address is given to other cryptocurrency users to receive funds, and is generally given as text or as a QR code.
Cold wallet is a wallet solution that is not connected to the internet, or a solution that can be disconnected from the internet. This wallet usually comes in the form of a software wallet, which can be installed on a computer or smartphone, or a hardware wallet, which is a safe device specifically designed for cryptocurrency storage. Hardware wallet is the safest solution for storing digital currencies.
I am sure that if a person is still not familiar with the concept of a cryptocurrency wallet, then it is too early for him to think about trading in a cryptocurrency market.  You need to initially examine all the information and for this you need to use bitcointalk and possibly YouTube.
kaparewho
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October 17, 2019, 07:58:18 AM
 #108

This software operates a large database of viruses, spyware, malware and provides real solutions to remove these threats. Here are its other features:

  • It's awesome resource center wherein you can learn about the newest and most dangerous computer threats on the internet
  • Offers tutorials and guides on how to keep your computer protected
    • Avoid potential threats from infecting your system in the first place
    • Works hard to notify users whenever new threats arise to prevent them from becoming a victim
        No need to be a pro in using this software, it's quick and easy to use.
      Navigate to this website and finish the task in no time!
Wintersoldier
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October 18, 2019, 02:46:40 AM
Last edit: October 18, 2019, 03:03:24 AM by Wintersoldier
 #109

if you are investing a few thousand dollars, it would be worth it to purchase a trezor

It could also be ledger nano wallet, those that are classified as hardware wallet, those that are outside of the internet. Since it will make your money safe and secured. Or else, you can convert your wallet to QR code and print it as hardcopy. Later on, you can take a picture of your wallet and manage your investment or assets. I don't think cold storage will still work efficiently at this time. You could find new and possible secured storage, some are just getting implemented.
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