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Author Topic: Best long term cold storage?  (Read 2202 times)
Hugroll
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July 03, 2016, 05:57:45 PM
 #41

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.
Thats actually a really cool idea, how and where do you get these steel wallets. I assume its a sheet of steel with your keys engraved on it?
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July 03, 2016, 06:06:17 PM
 #42

Paper wallets but make sure you make a couple of copies of each & laminate them to protect them.
i doubt that paper wallets are the best decision, in my opinion it would be better to have some kind of a hardware wallet or something like that, that would be most probably the best idea

i used to use paper wallets for a while but i dont do that any more right now, i think it is much safer to have a hardware wallet and it is easier to use it in my opinion




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chennan
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July 03, 2016, 06:19:06 PM
 #43

What I have done is printed out a couple of the same wallet and have them in secure "hiding spots" in the house... I mean you could open up a deposit box at a bank, but you would have to put trust in the bank...

In the end you will have to trust that someone will never find it or that you won't lose it... whether that's trusting your self, your hiding place, or another person/device.

Cuidler
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July 03, 2016, 09:27:33 PM
 #44

What I have done is printed out a couple of the same wallet and have them in secure "hiding spots" in the house... I mean you could open up a deposit box at a bank, but you would have to put trust in the bank...

Hiding few copies of the same wallet is good strategy, but you better place them in different houses. There is likelihood of fire in a house and destroying data on your computer and any hidden printed wallet backup inside the same house, thats why hidding the backups at 2 diferent physical locations is really adwisable.

If I would ever place anything inside box at a bank, I would encrypt it with strong password first, I believe these boxes are not completly private and there is small possibility of a theft if the bank is robbed.

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July 04, 2016, 05:06:04 AM
 #45

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
I think cold storage not fully safe for store some bitcoins for long term,but it realiable and accesible everywhere,and if you use hardware wallet,its better security,but not accesible everywhere,so i suggest to use hardware wallet for long term.
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July 04, 2016, 06:21:27 AM
 #46

You should checkout cryptosteel.com, they just redid their website and the product looks pretty nice.  They have a few different versions of it.  One can hold a 24 word seed and another one has extra letters/symbols to store private keys.  I've been thinking about getting one eventually, but I can't afford the $50 right now.

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