Just wanted to provide an update - I have successfully purchased bitcoin and ether on coinbase.com. After purchase, I then send/transfer ether to an ethereum wallet on my linux laptop using myetherwallet.com. I send/transfer bitcoin to my bitcoin wallet on my linux laptop which is running Armory. Both wallets are backed up via paper and a USB drive.
Just wanted to know if anybody sees a problem with this procedure, or if I can consider this an appropriate setup. Thanks!
You should be good. I’m assuming that the “Linux Laptop” is the mostly offline computer of yours, otherwise there would be a risk of hacking/malware obtaining your private keys. Regardless, it’s still a pretty foolproof setup.
Thanks for the reply.
The linux machine is not strictly offline. Given it is a linux machine, I'm not too concerned about hacking/malware. This machine also is not used all that often.
Related question - where are the private keys stored? Are they in the respective wallet files themselves?