HOWTO: create a 100% secure wallet

[SirWilliam]

What about the procedure described on Blockchain:

https://blockchain.info/wallet/paper-tutorial

[KraXed112]

Thanks for the info, made a few changes to my own to be more secure

[rpm]

thanks for the tip

[Coincrazy]

What about the procedure described on Blockchain:

https://blockchain.info/wallet/paper-tutorial

that for that URL

reading that tutorial, it looks like the main idea is to (a) generate a wallet (b) delete the private keys (c) keep / store your private keys and wallet elsewhere and (d) delete private keys from your system ..wallet / addresses are synched back

Is my understanding correct ?



regards
`

[Evo]

Thanks for the tips! I like the idea of storing my wallet on a portable memory device.

[JayBee66]

Interesting, I must do this.

[btcforall777]

now if we could just replace the Gox monopoly

[SirWilliam]

I think you are correct sir, but I am a newbie obviously so I couldn't say with any certainly. What you describe is the way I understood it.

What about the procedure described on Blockchain:

https://blockchain.info/wallet/paper-tutorial

that for that URL

reading that tutorial, it looks like the main idea is to (a) generate a wallet (b) delete the private keys (c) keep / store your private keys and wallet elsewhere and (d) delete private keys from your system ..wallet / addresses are synched back

Is my understanding correct ?



regards
`

[fluffypony]

Brain wallets, paper wallets, and deep cold wallets are additional excellent ways of creating a secure wallet for occasional transacting.

[kennerd]

Brain wallets, paper wallets, and deep cold wallets are additional excellent ways of creating a secure wallet for occasional transacting.

What's a deep cold wallet?

And how about a small TrueCrypt volume, stored on a remote server? Not in www of course, and with a very secure hard-to-crack password.

[Izumi Konata]

Brain wallets, paper wallets, and deep cold wallets are additional excellent ways of creating a secure wallet for occasional transacting.

What's a deep cold wallet?

And how about a small TrueCrypt volume, stored on a remote server? Not in www of course, and with a very secure hard-to-crack password.

That's what I was thinking, make a TrueCrypt container n keep it somewhere safe, or perhaps put it on a TrueCrypted microSD or USB stick or whatever. A hard to crack password doesn't necessarily need to be hard to remember. While lots of variations in uppercase/lowercase/special characters does increase the security of a password, so does length, which is why TrueCrypt advises a pass of @ least 20 chars.

So you could just take a pass like e.g "Itakemydogforawalkeverymorning!" (basically I mean something easy to remember 4 you, I don't have a dog btw, this was just a random example that popped into my head), it'll be pretty secure. Be aware that TrueCrypt only allows up to 60 chars. for a password, though. If you are on Windows and want an open-source alternative (TrueCrypt has a modified version of GNU) I'd suggest DiskCryptor. Both have their advantages and disadvantages but if you want details about the differences I suggest you use wiki and/or Google.

[kennerd]

Ya, the passphrase is a good idea, even better is using just one letter from each word for the password, with some numbers and other characters added like so:
I take my cat for a boat ride 2 times in the morning; and 3 times in the evening

Using the last letter of each word gives a decent password:

Ieytratr2sne;d3sneg

Commit the phrase to memory so it's not stored anywhere, and open the volume on an offline computer. With such a password, I think Truecrypt is safe enough to store a volume in any digital location, public or private as long as there are no hints for the password anywhere besides the offline PC. I could be wrong however.

[beebomb]

great post!

[PetesPanels]

loved this post

[zensunset]

This is good information.

[PetesPanels]

is there a way to permanently delete your wallet and keep everything offline in paper?

[gangstabit]

my first post!

great info. I am about to go through this whole thread and create a plan. I've used Ubuntu before and I love it, definitely better than windows (except for gaming).

[Coincrazy]

my first post!

great info. I am about to go through this whole thread and create a plan. I've used Ubuntu before and I love it, definitely better than windows (except for gaming).

hi

what's the best ubuntu version for starters ?

i do NOT want all bells and whistles ...just the basics needed for this operation

[furezasan]

That's a pretty cool way of doing it... cheers!

[gangstabit]

my first post!

great info. I am about to go through this whole thread and create a plan. I've used Ubuntu before and I love it, definitely better than windows (except for gaming).

hi

what's the best ubuntu version for starters ?

http://www.ubuntu.com/download/desktop/windows-installer

Use either 12.04 lts (long term support) or 12.10. I use 12.10 because for some reason I had audio problems with 12.4 (I think I was just being a newb at the time). You will have those random problems when you are using linux distros, you have to check out more of them, see which one works for you.
Linux mint is awesome too, based on ubuntu, looks very much like windows. The community is not as big though. That's what's awesome about ubuntu, any problem you have you can just google.

Edit: forgot to mention, if you just want to try it out, wubi is a super easy way to install it on windows.