Best long term cold storage?

[Rubberduckie]

I have 2 paper wallets but I just keep them at home in
a book as they arnt over 1 btc otherwise I would keep them
in a safe or a safety deposit box.

[pooya87]

back up is your solution! if you are afraid of hardware failure you should make backups, paper is the best one. you can even encrypt your wallet file with strong encryption and store it online like on dropbox.

[Pursuer]

I'm looking for an optimale way to store some BTCs for long term.

the best way in my opinion is storing on an offline computer or a live Linux and encrypting everything to prevent access from a random person.
or printing a paper and laminating it to keep it for a longer time.

Being digital nomad, I dont have a proper place to store a paper wallet.

you don't need a strange place to hide your paper wallet. keep it the same place you keep your documents.

I'm quite afraid to lose passwords too, and I want to prevent robbery or a hardware failure (lose of my computer, smartphone, usb key, ...)
I was thinking of a multisig wallet to avoid robbery or to lose access to them in case I'm forgetting a password.

you should make multiple backups from your wallet and store it in two or three places so to reduce the failure chance .

What's my best option?

Thanks

also take a look at this project called cryptosteel, it can give you some good ideas at least.
https://bitcointalk.org/index.php?topic=977486.0

[naidray]

Hello guys,

I'm looking for an optimale way to store some BTCs for long term.

Being digital nomad, I dont have a proper place to store a paper wallet. I'm quite afraid to lose passwords too, and I want to prevent robbery or a hardware failure (lose of my computer, smartphone, usb key, ...)
I was thinking of a multisig wallet to avoid robbery or to lose access to them in case I'm forgetting a password.

What's my best option?

Thanks

Honestly, I wouldn't trust USB sticks for "long-term" storage since they degrade.
I can only argue on either hardware wallets or paper wallets as long as they are well-kept and properly maintained and in tight security, it's the best choice.

[groll]

Hello guys,

I'm looking for an optimale way to store some BTCs for long term.

Being digital nomad, I dont have a proper place to store a paper wallet. I'm quite afraid to lose passwords too, and I want to prevent robbery or a hardware failure (lose of my computer, smartphone, usb key, ...)
I was thinking of a multisig wallet to avoid robbery or to lose access to them in case I'm forgetting a password.

What's my best option?

Thanks

The best way to not forget your password is to write it in piece of paper a notebook or make multiple copies of your password and place it in different places that way you will not e afraid to forget it. Just dont be afraid to lose your bitcoin in your wallet just dont expose them to facebook forums and other sites make it a secret that only you know. When dealing with sites make dummy accounts then later forward it to your main wallet that way it is much safer.

[Barnabe]

Another, not considered very reliable would be to simply invest in a dicesite and remember your account and password. This way it would be an investment (with returns) and you wouldn't have to bother much with safety issues. (Of course this is not a good solution for very long term storage)

[iqlimasyadiqa]

I think the online wallet will be the best place. but if you want to keep safe bitcoin then you could do a backup wallet you have.

[noormcs5]

I have 2 paper wallets but I just keep them at home in
a book as they arnt over 1 btc otherwise I would keep them
in a safe or a safety deposit box.

Paper wallet is a good option as long as you dont lose the paper itself. Also you may try to Save in a Usb but again you need to be sure that the Usb dont become malfunction as some point of time.

[Divinespark]

My approach has been to create paper wallets offline on bitaddress.org and keep 90% of my BTC stash in these wallets. I have considered brain wallets before but I am concerned about the risk of them being brute forced by hackers

[Quantus]

Sorry if someone else mentioned this already but SSDs and memory sticks are not safe to store bitcoins long term.
You have to power up the SSDs and memory sticks every few months or your data will get corrupted.

Memory sticks and SSDs store data by storing electricity inside millions of little gates, over time they slowly leak power corrupting the data they hold.

So use a Hard disk drive and paper wallets. You can also encrypted your wallet and then hide it inside a image or other file to mask it for safe storage online for free. 

[HarryKPeters]

Sorry if someone else mentioned this already but SSDs and memory sticks are not safe to store bitcoins long term.
You have to power up the SSDs and memory sticks every few months or your data will get corrupted.

Memory sticks and SSDs store data by storing electricity inside millions of little gates, over time they slowly leak power corrupting the data they hold.

So use a Hard disk drive and paper wallets. You can also encrypted your wallet and then hide it inside a image or other file to mask it for safe storage online for free. 

That's why i have bought a trezor. A giid brand usb cost around 40/50 usd.Remember you need 64 GB for the blockchain. IF you spent 79 you've go ta device that has bene proven to be the best paid solution for cold storage.

[pandalion98]

The best long-term storage could be a private key that's engraved in aluminum or some other non-rapidly-oxidizing metal or engraved into glass. Iron is a bad idea. Gold is possible, but expensive.

[asriloni]

I think the online wallet will be the best place. but if you want to keep safe bitcoin then you could do a backup wallet you have.

online wallet is definitely not safe for long term cold storage because anything which connected to internet could have potential to be hacked,the best thing is just don't connect to internet after the funds been sent to the cold storage and make sure only you holding private key and not saved everywhere

[philiveyjr]

I have also chosen to store them in Paper wallets. Most of the people don't even know the piece of paper is a coin wallet. I have backups, so even if my house gets robbed or something, I will just boot up my system before the robbers realize, and get the coins out. Hardware is not the best way to go imo.

[GreenBits]

Paper wallets for the win. Although the concept, not an actual wallet printed on paper. I'd use those plastic bracelet charms with the letters on them, and make two bracelets; one for the pub and priv keys. The bracelets won't degrade, and if anyone finds it, they will dismiss it as something unimportant/inexpensive.

[DeathAngel]

Paper wallets but make sure you make a couple of copies of each & laminate them to protect them.

[Kprawn]

Just get a safety deposit box and store your paper wallets there, if you travel around a lot and you do not want someone to get to it. You place the majority of your coins in this cold storage and the rest,

you could keep on a online wallet, for the mobility... but chose wisely because not all online options have 2FA and very good security option, so you should not store a lot on them. Leave the key to the

safety deposit box, with your relatives or a trust worthy friend. Only you will have access to it in any way... 

[Supercrypt]

I don't really know which among is the "best" among the best, but I can say that one of the safest ones is paper wallet as long as it is kept under your radar 24/7. I mean, you don't necessarily have to be checking on it but just the fact that you know where it is placed at all times is sufficient enough to be considered a good wallet.

[HTML6]

Steel wallets are the best IMO. It's like a paper wallet. Create it offline then store it in steel. It's fireproof, it won't fade and best of all if your house does burn down just grab your metal detector and voila, you have your millions in bitcoins to self insure.

[Hugroll]

you could create a HD account and just memorize the 12 words, but theres always the chance of you forgetting. i recommend getting one of those durable usbs on amazon and store your keys on there, pretty much guranteed to last a lifetime.