Bitcoin Forum
November 24, 2017, 12:28:57 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: how to store bitcoin for long term?  (Read 1064 times)
clardalan
Member
**
Offline Offline

Activity: 84

Bitcoin amateur learning by doing


View Profile
June 24, 2017, 05:26:18 PM
 #1

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?

Tip/donate
LTC: Lf44EehvMzoyjnWqbmsxugomAnRzKawXu
1511483337
Hero Member
*
Offline Offline

Posts: 1511483337

View Profile Personal Message (Offline)

Ignore
1511483337
Reply with quote  #2

1511483337
Report to moderator
1511483337
Hero Member
*
Offline Offline

Posts: 1511483337

View Profile Personal Message (Offline)

Ignore
1511483337
Reply with quote  #2

1511483337
Report to moderator
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
TryNinja
Sr. Member
****
Online Online

Activity: 476



View Profile
June 24, 2017, 05:29:34 PM
 #2

The better option would be buy a Hardware Wallet like Trezor or Ledger Nano S, but if you don't want to invest money on it, you should generate and print a paper wallet, send your BTC and keep it on a safe place.

Here is a quick tutorial on how to do this: http://www.coindesk.com/information/paper-wallet-tutorial/

Send a very low amount of BTC to the address, see if arrived and then send all the rest. Only touch on that paper wallet when you want to cashout. That way your Bitcoins will be safe, since your private key info never went through the internet.

RoommateAgreement
Hero Member
*****
Offline Offline

Activity: 686


Bountie- Do You Have Game?


View Profile
June 25, 2017, 03:06:32 AM
 #3

in my experience it depends on how long you want to keep them. if it is the real cold cold-storage then a paper wallet is the best option since you won't be accessing it but if you want to spend the funds then a paper wallet is going to prove some difficulties when you want to spend anything. since you will have to sweep the keys then generate a new paper wallet to send the remaining funds to that.
in this case a hardware wallet or another wallet installed on another offline computer is best. like electrum on an old PC or a live linux.

ranochigo
Legendary
*
Offline Offline

Activity: 1260

In the midst of an exam, will be very inactive.


View Profile WWW
June 25, 2017, 03:39:21 AM
 #4

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?
If you aren't thinking about spending it frequently, I wouldn't recommend investing in hardware wallet.

Here's what you can do:
1. Boot tails in a live USB.
2. Download and run bitaddress.org.
3. Generate a paper wallet and encrypt it with BIP38.
4. Send Bitcoins to the address, decrypt the private key and import it into Electrum.
5. Test it out.

When you want to spend it, do 4 and 5 again.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
Karmakid
Sr. Member
****
Offline Offline

Activity: 308


📌 peerguess.com 📌


View Profile
June 25, 2017, 03:40:42 AM
 #5

Better if you will not save the private key in your desktop or laptop devices for it can be hijacked by some person who has speciality into it,it iss safer to store it onyour mind or on a note i think just like what i do

peerguess.     the application for the entire community!
  ANN Thread Website Whitepaper Bounties Twitter
.    Our ICO
   starting soon
CarnagexD
Sr. Member
****
Offline Offline

Activity: 252



View Profile
June 26, 2017, 03:23:54 PM
 #6

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?
In able to store bitcoin for long term you can use poloniex.Poloniex is an online money trading that you can use to store your bitcoin.You will be needing to invest your bitcoin,you can also buy bitcoin and sell your bitcoin.

▬▬▬ ▰ ▰ ▰ ▰ ▰ ▰ E i d o o ▬ your blockchain asset experience ▰ ▰ ▰ ▰ ▰ ▰ ▬▬▬
▬▬▬▬▬▬▬▬▬ " Token Sale Raised 82,372.33 ETH " ▬▬▬▬▬▬▬▬▬
▬▬▬ ▰ ▰ ▰ ▰ ▰ ▰ TwitterFacebook  ▰ BountyDiscussion ▰ ▰ ▰ ▰ ▰ ▰ ▬▬▬
Souldream
Hero Member
*****
Online Online

Activity: 661



View Profile
June 26, 2017, 03:35:51 PM
 #7

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?
for me , i am satisfied with the wallet that i am using, one is an online wallet then another one is an hardware wallet. my online wallet has a strong securities and im pretty sure that it is hard for the hackers to hack it, and my hardware wallet is safe too, because i maintaining my laptop that its is needed to dont have a virus.

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░███░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░██░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░███░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░█████░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
YuginKadoya
Hero Member
*****
Offline Offline

Activity: 812



View Profile
June 26, 2017, 03:45:08 PM
 #8

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?

There are many bitcoin storage or wallet you can choose from Desktop Wallets, Mobile Wallets, Online Wallets, Hardware Wallets, Ledger Wallets, Paper Wallets and so on..., well they all have private keys actually that is the point in having wallets, you need to choose and explore from this different types of wallets what is best and you think are more secure, My opinion is a cold storage just like a hardware wallet like Trezor that don't rely on third-party bitcoin storage services.

FORTUNEJACK.COM[
                             
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
           
]
karasuri
Member
**
Offline Offline

Activity: 114

Double bubble disco Queen


View Profile
June 26, 2017, 03:59:26 PM
 #9

Make a BIP38 encrypted private key and put it in the cloud, or copy the key to several locations, so you won't lose it. Store the password securely and separately from the BIP38 encrypted key of course.
That kind of cryptography is very hard to brute force since the decryption algorithm is very intensive to compute, so you can still have a reasonably memorable password, but not too short of course.
Scorpion
Sr. Member
****
Offline Offline

Activity: 434


Member since March 20, 2011


View Profile
June 26, 2017, 04:29:13 PM
 #10


In my opinion do it with bitaddress.org and download the client-side, the link is provided on the website, then you can use it offline and turn the internet off. You can make an encrypted wallet.

Once you've generated a wallet, print three or four copies. Send a small BTC amount to test it. Then go to an arts and crafts store and buy those self-laminating packs and laminate your wallets. Keep these in separate safe spots you trust.

HashHive Limited – Innovative Technologies Of Cloud Mining • Telegram •  FacebookTwitter
Barcode_
Hero Member
*****
Offline Offline

Activity: 644


View Profile
June 26, 2017, 06:59:08 PM
 #11

I have purchased a Ledger Nano S quite a while ago and I have been using it to store most of my bitcoins now, it is more secure comparing to a paper wallet as there might be a chance the paper wallet QR code might be damage when you kept it for a long period of time. I have heard good reviews about Trezor hardware wallet too, but it is much more expensive than Ledger, so I choose the cheaper alternative and it is working great for me at the moment  Smiley
Xavofat
Hero Member
*****
Offline Offline

Activity: 700

Satoshi wanted "small, casual transactions".


View Profile WWW
June 26, 2017, 07:02:22 PM
 #12

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?
In able to store bitcoin for long term you can use poloniex.Poloniex is an online money trading that you can use to store your bitcoin.You will be needing to invest your bitcoin,you can also buy bitcoin and sell your bitcoin.
Who in their right mind would even give Poloniex their coins at all?

You'd be better off handing the keys to some homeless guy on the street.

Ranochigo's advice is the best.  The easiest solution for the non-tech savvy is hardware wallets, but you'll have to be careful with the software updates if you do that.

skyline247
Sr. Member
****
Offline Offline

Activity: 476



View Profile
June 26, 2017, 07:22:49 PM
 #13

There are YouTube videos which explain clearly how to make a paper wallet. I am guessing this is what you want based on your post. This is by far the safest method of storing your Bitcoin, and I highly recommend it if that is your intention. Best of luck!



                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄███▀
 ▀███▄▄     ▄█▀                ▀█▄▄█████▀
  ▀██████▄▄█▀                ▄▄███████▀
   ▐█████████▄           ▄▄███████████
     ▀█████████▄▄      ▄█████████████
       ▀██████████    ███████████████
        ▐▀█████████  █████████████▀ ▐▌
        ▐▌ ▀▀██████ ▐███████████▀   ▐▌
        ▐▌      ▀██ ▐█████████▀     ▐▌
         █        ▀  ██████         █
         ▐█          ▐█████▄       █▌
          ▀█▄         ▀██████▄   ▄█▀
            ▀█▄         ▀█████▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                ▀▀████████▀▀
T
.ANGEL TOKEN.
[]

                                         ▄
                 ▄▄████████▄▄         ▄▄██
 ▄▄           ▄██▀▀        ▀▀██▄    ▄█▀█▀
 ▀█▀█▄▄     ▄█▀                ▀█▄▄█  ▄█▀
  ▀█  ▀▀█▄▄█▀                ▄▄██░   █▀
   ▐▄▄  ░░░▀█▄           ▄▄█▀▀░░░   ▄█
     ▀█▄ ░░░▒▒█▄▄      ▄██▒▒▒▒▒░    █
       ▀▄▄ ░░▒▒▒▓█    ██▒▒▒▒▒▒░   ▄▄█
        ▐▀█▄░░▒▒▓██  █▓▒▒▒▒▒▒░  ▄█▀ ▐▌
        ▐▌ ▀▀█▒▓███░▐█▓▒▒▒▒░░ ▄█▀   ▐▌
        ▐▌      ▀██ ▐█▓▓▒▒▄▄▄█▀     ▐▌
         █        ▀  █▓█▀▀█         █
         ▐█          ▐▄▓░ █▄       █▌
          ▀█▄         ▀█▒░ ▀█▄   ▄█▀
            ▀█▄         ▀█▄▄▄█▌▄█▀
              ▀██▄▄       ▀▄▄██▀
                 ▀▀████████▀▀
satoshforever
Member
**
Offline Offline

Activity: 84


View Profile
June 26, 2017, 07:46:46 PM
 #14

This really depends on the amount of money you plan to invest. If large amount then go with one of the solutions mentioned above. Otherwise iPhone app and write down the private key
SyGambler
Legendary
*
Offline Offline

Activity: 1050

Syrian Power ....


View Profile
June 26, 2017, 08:32:08 PM
 #15

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?
In able to store bitcoin for long term you can use poloniex.Poloniex is an online money trading that you can use to store your bitcoin.You will be needing to invest your bitcoin,you can also buy bitcoin and sell your bitcoin.

lol really ?? poloniex ??  Grin Grin
don't ever listen to this guys , poloniex is having a lot of problems now and they aren't paying people their money
personally I have been waiting for my money for over 40 days now

you should get a Trezor , if you find it expensive or not easy to get in your country just create a paper wallet it's safe and free

Russlenat
Hero Member
*****
Offline Offline

Activity: 490


🌟 eSports ICO: 01/11/2017 🌟


View Profile
June 27, 2017, 03:53:09 AM
 #16

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?
In able to store bitcoin for long term you can use poloniex.Poloniex is an online money trading that you can use to store your bitcoin.You will be needing to invest your bitcoin,you can also buy bitcoin and sell your bitcoin.

lol really ?? poloniex ??  Grin Grin
don't ever listen to this guys , poloniex is having a lot of problems now and they aren't paying people their money
personally I have been waiting for my money for over 40 days now

you should get a Trezor , if you find it expensive or not easy to get in your country just create a paper wallet it's safe and free

If you don't trust online bitcoin wallet! you can used your own hardware or pc to create your own wallet, but for me I used coins[.]ph online bitcoin wallet because I already used it for a long time. It is already upon you on how do you keep safe your bitcoin and do it with your own risk.

           ▄▄▄██████████▄▄▄
        ▄███▀▀   ▄▄▄▄   ▀▀███▄
     ▄██▀▀ ▄▄████████████▄▄ ▀▀██▄
    ██▀ ▄███████▀▀▀▀▀▀███████▄ ▀██
   ██▀ ██████▀          ▀██████  ██
  ██  █████▀         ▄▄▄▄▄██████▄ ██
██▀ █████  ▄▄▄██████████████████  █
▐██  ██████▄▄▄▄▄▄ ▀▀▀▀▀▀██████▀▀▀▀ ██▌
███ ▐███████████████████▄▄▄▄▄▄     ███
▐██  ▀▀██████████████████████████▀ ██▌
███ █▄▄▄▄    ▀▀▀▀▀██████████████ ▄██
  ██▄ █████▄              ▄█████ ▄██
   ███ ▀██████▄▄      ▄▄██████▀ ▄██
    ▀██▄ ▀▀█████████████████▀ ▄██▀
      ▀███▄  ▀▀████████▀▀▀ ▄▄██▀
         ▀▀███▄▄▄▄▄▄▄▄▄▄████▀
              ▀▀▀▀▀▀▀▀▀▀
██████████████████████████████████████████████████████████████
.eSports.com.
██████████████████████████████████████████████████████████████

                   ██                   
                   ██                   
                   ██                   
                   ▀▀                   
         ▄▄████▄▄      ▄▄█████▄         
     ▄▄██▀▀    ▀▀███▄███▀    ▀▀██▄▄     
     ██     ▄      ▀▀     ▄▄▄    ██     
     ██  ▄███▄        ▄▄▀▀▀▄▄  ██▌   
    ▐█▌  ▀█████▀        ██   ██  ▐██   
    ██    ▀█▀            ███     ██   
   ▐██           ▄    ▄           ▐█▌   
   ██         ▄███    ▀██▄         ██   
   ██      ▄███▀        ▀███▄      ██   
   ██▄   ▄██▀              ▀██▄   ▄██   
    ▀████▀▀                   ▀████▀   
█   █
█ █ 
█ █ █
     
█ █ █
  █ █
█ █ 
█   █
█ █ █
  █ █
Nrcewker
Hero Member
*****
Offline Offline

Activity: 504


Fantasy Poet.


View Profile
June 27, 2017, 03:56:32 AM
 #17

It will be stored for millions of years when your BTC carved on the surface rocks.
CraigWrightBTC
Hero Member
*****
Offline Offline

Activity: 518



View Profile
June 27, 2017, 04:02:06 AM
 #18

Put the bitcoins on two kinds of wallet, online (blockchain.info) and offline wallet it will be safe to store bitcoins for long term
and put the private key on save place and never lost the password,
it is best time to store bitcoins for long term never put the bitcoins on one of kinds wallet, it is dangerous because actually
 risk losing bitcoins always be there.
hase0278
Hero Member
*****
Offline Offline

Activity: 574



View Profile
June 27, 2017, 05:37:23 AM
 #19

If you don't trust online bitcoin wallet! you can used your own hardware or pc to create your own wallet, but for me I used coins[.]ph online bitcoin wallet because I already used it for a long time. It is already upon you on how do you keep safe your bitcoin and do it with your own risk.
If I were you don't ever recommend an online wallet like coins.ph, I personally use the website this guy use but so far it is okay to use but I don't recommend online wallet such as this but if you want online wallet I recommend blockchain.info more than coins.ph. It is better to follow this guy's first recommendation because it is better to use your own PC or hardware to store bitcoin via electrum and the likes because you control private keys of the bitcoin addresses there. Also like what others say, paper wallet is also good.

.SPECTRE.                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
  ▀▀████▄    ▀▀█████████▀▀    ▄████▀▀
 ██▄▄ ▀██ █▄▄    ▀▀▀▀▀    ▄▄█ ██▀ ▄▄██
 ▀▀███ ██ █████▄       ▄█████ ██ ███▀▀
     ██ ███████▄   ▄███████ ██
       ██ ████████   ████████ ██
       ██▄▄ ▀▀████   ████▀▀ ▄▄██
        ▀▀███▄▄ ▀▀   ▀▀ ▄▄███▀▀
            ▀▀███▄▄▄▄▄███▀▀
                ▀▀███▀▀
             │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
goinmerry
Hero Member
*****
Offline Offline

Activity: 812


View Profile
June 27, 2017, 05:41:11 AM
 #20

I would like to do the following:

generate a publickey/private key combi.
send some small btc to the publicaddress and send it back to test it works.
send main sum btc to the publickey.
safely store the private key, without risking someone figures out what it is.

How can I best do this?

Lots of guides and tutorials are out now on the internet. You can read some of them as only you will get a mixed information here and some replies are definitely out of topic.

How? Go to google and search for "storing bitcoin for long term bitcointalk" and it will give you the results from bitcointalk forum. If outside of bitcointalk just removed the term bitcointalk on the search and it will give you some of the sites articles and tutorials.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!