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Author Topic: [LTC] Am I safe this way?  (Read 469 times)
Seno (OP)
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April 26, 2013, 01:12:37 PM
 #1

Hi,

-I actually wanted to post this in the alt currency sub, but somehow wasn't allowed to.-

I recently bought some LTC and I'd like them to be safely stored for about a month.
Am I safe enough when I install Ubuntu live CD on a USB drive, install litecoin wallet, store the drive in a safe-deposit and keep a few backups on a CD (in a friend's house and girlfriend's house)?. Or am I missing something here (maybe a paper wallet in case every USB and CD gets corrupted).

Thanks in advance Smiley

- Sorry in case my sentences are a little weird, I'm not a native english speaker Smiley-
vm1990
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April 26, 2013, 01:26:06 PM
 #2

sounds pretty safe aslong as you trust your friends XD but alsong as you encrypt and password things and back them up atleast twice youll be fine i personaly do something a bit similar i use a virtual computer store all the files on an external harddrive and only plug it in when its needed, i also have 2 backups of the wallet also password protected 1 on a CD and another on a USB drive

xeroc
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April 26, 2013, 01:30:01 PM
 #3

paper wallets are in general a good idea .. because paper lasts longer than disks and specially usb drives .. they can last up too a couple of 100 years ... (except fire) while CD and SDs loos there data within 15 years
CryptoUser01
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April 26, 2013, 01:30:35 PM
 #4

For all secure backups do the following:

Backup data on 2 different kinds of media--i.e CD and Flash, Hard Drive and Tape, Hard Drive and USB Flash, etc.

Backup data using at least 3 copies--i.e. one working copy on your computer, one on flash drive immediately accessible, one in safe deposit box or at friends house in another city, etc.

Good Luck!
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