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Author Topic: The Idiot-Proof Vault: A Simple Cold Storage Guide  (Read 517 times)
Slim2017 (OP)
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December 20, 2016, 12:51:45 AM
 #1

Keeping bitcoins safe is one of the most important responsibilities in the world of digital assets. As the price of bitcoin continues to climb, exchanges and wallet providers become more susceptible to theft. The best way to keep your bitcoins safe is storing them yourself offline in what’s called cold storage.

Creating Cold Storage Using a Paper Wallet 

https://news.bitcoin.com/idiot-proof-vault-cold-storage-guide/
veleten
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December 20, 2016, 06:17:51 AM
 #2

think this thread should belong to a different section
probably news
its a very basic article,too not much different from
http://www.coindesk.com/information/paper-wallet-tutorial/
https://blockchain.info/wallet/paper-tutorial 
for example


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December 20, 2016, 08:43:15 AM
 #3

https://en.bitcoin.it/wiki/Paper_wallet is a good resource. Check out the section Generation of secure keys

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December 20, 2016, 09:25:11 AM
 #4

This Article seems to be just a way for bitcoin.com to promote their paper wallet service https://tools.bitcoin.com/paper-wallet/ which is not more than fork of bitaddress.org

I prefer to generate bitcoin address in my offline computer using bitaddress source code, trusting any online paper wallet generator can be risky.

 
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December 20, 2016, 09:29:16 AM
 #5

This looks more like a gimmick to me. They are just promoting thier wallets. I think the existence ones do a good job, like blockchain or coinbase and if you have the key it makes more sense to use this rather anything else. I hope I am correct or If I am missing out on something please add, so that I learn what I missed out.
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December 20, 2016, 01:45:24 PM
 #6

This Article seems to be just a way for bitcoin.com to promote their paper wallet service https://tools.bitcoin.com/paper-wallet/ which is not more than fork of bitaddress.org

I prefer to generate bitcoin address in my offline computer using bitaddress source code, trusting any online paper wallet generator can be risky.
Im thinking the same thing too on which this is somehow like a promotion for their paper wallet.Same as your i would not tend to use their service because exposing your source code online is really risky because someone already knows your code and its better to do it offline.

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December 20, 2016, 04:35:53 PM
 #7

Generating a paper wallet online, would just be a mistake. It will be much better if you download the source code from Github and then just

copy it on a air-gapped computer or a old computer that you will not use on the internet. You have to remember that your computer might be

compromised by Malware that records all your activities. < Even when you offline > and also grabs cached information that were send to your

printers buffer. So this method might look easy, but it is the most insecure way to do it. I create all my paper wallets on a old computer &

printer, that will never be used on the internet again.  Wink These computers can be picked up for next to nothing.  Roll Eyes

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December 20, 2016, 05:32:27 PM
 #8

No matte how many paper wallets you make, you can never trust 100% that you will keep physical stuff safe. Sometimes it's better to have digital copies too. Encrypty bitcoin core wallet.dat into a rar or 7z file, a password strong enough that you can remember, and upload it on several places. Nobody will ever care about a random compressed file and you will have that file backed up in several different places just in case your house gets hit by a tsunami or something.
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December 20, 2016, 05:38:25 PM
 #9

And when you get your Wallet and BIP38 Key, contact us and we can engrave it for you on a sweet keychain or any other item you like to store  Cool



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