What to use for ICO? Paper or hardware wallet?

[adamcro]

I've been reading some tutorials and watching some videos. I'm in a process of preparing an ICO. I was wondering what would be best to use for the ICO, paper or hardware?

We'll accept ETH, thus I was watching tutorial about https://www.myetherwallet.com/

1. What would be a disadvantage of me using a paper wallet?
2. Can I use external USB or HDD to store my keys?

[1714054115]

1714054115

[1714054115]

1714054115

[1714054115]

1714054115

[onnz423]

I've been reading some tutorials and watching some videos. I'm in a process of preparing an ICO. I was wondering what would be best to use for the ICO, paper or hardware?

We'll accept ETH, thus I was watching tutorial about https://www.myetherwallet.com/

1. What would be a disadvantage of me using a paper wallet?
2. Can I use external USB or HDD to store my keys?

Probably hardware wallet. Depends on the operating system alot, you should already know that windows systems are very risky, especially if storing huge amounts of money. Are you talking about sending funds currently or receiving them? If about receiving, then tails + paper wallet generator downloaded on a USB stick would be probably the best option for you. If you are actually doing an ICO, you should have enough money to hire a security expert on your company.

[adamcro]

Currently, I'm talking about receiving funds via ICO and sending tokens to investors.

[onnz423]

Currently, I'm talking about receiving funds via ICO and sending tokens to investors.

In that case, hardware wallet is the only option because you will be handling alot of funds. I guess ledger nano S would be a great option because it has a screen so the seed is not displayed on the screen of the computer. Im not sure about ledger's own apps functions, but you can use MEW with Nano S.

[adamcro]

Currently, I'm talking about receiving funds via ICO and sending tokens to investors.

In that case, hardware wallet is the only option because you will be handling alot of funds. I guess ledger nano S would be a great option because it has a screen so the seed is not displayed on the screen of the computer. Im not sure about ledger's own apps functions, but you can use MEW with Nano S.

Great, I'll use that. I'm just wondering why paper wallet or normal USB is not an option here?

[onnz423]

Great, I'll use that. I'm just wondering why paper wallet or normal USB is not an option here?

Because those methods are very unsecure if you are not very good at security related options. On both methods the seed/private keys are generated in a way that for malware it would be possible to gain access to any funds that are on those addresses. That's why i recommended Nano S because if your computer is infected or unsafe, you can still securely use it to send funds assuming that you check all of the data that you input on the wallet while sending funds.

[adamcro]

Because those methods are very unsecure if you are not very good at security related options. On both methods the seed/private keys are generated in a way that for malware it would be possible to gain access to any funds that are on those addresses. That's why i recommended Nano S because if your computer is infected or unsafe, you can still securely use it to send funds assuming that you check all of the data that you input on the wallet while sending funds.

Great great. I'll definitely use Nano S. Since it's all about viruses, technically using Mac and paper wallets should be safe enough

[thorvald]

I prefer hardware wallets for every use case, because it is more secure than any other wallet type imho.

[AT101ET]

Use a hardware wallet combined with devices (computer systems) that are clean and completely disconnected. You’d want to do everything you can to keep the coins 100% safe. It’s not worth taking any chances. Paper wallets could be too risky so if you’ve got the alternative then go for it. Make sure that the source of the hardware wallets used have been verified before purchase.

[Dine19]

I use hardware wallet like myetherwallet.com you can transfer your ICO token.You can protect your token here unlike other wallet.

[WorldBitICO]

Hardware wallet with MyEtherWallet.