I'm leaning towards the
paper wallet method but I'm not exactly sure of the steps I need to reiterate whenever I purchase and spend my crypto in order to remain secure all the way.
I've read at least a dozen blog posts and watched a ton of videos. It seems to me that under .5% of users are interested in security and investment workflows.
Everyone is discussing
TYPES of wallets, cold vs hot, hardware vs software, etc -- but no one is discussing
how to use that in the real world.Here's an example scenario:
Assuming that I want to invest in ETH, ETC, XMR, XLM and MIOTA.
#0 Download the ETH wallet and generate an address on an online machine (so this will be used to purchase all other coins).
Side Q: How to anonymously purchase ETH using fiat?
#1 Download the paper wallets for each of those coins from the respective websites.
#2 Put them on a USB stick.
#3 Generate addresses for each on the offline machine.
#4 Use a service like shapeshift to convert ETH to the other coins that I want to invest in.
Side Q: What are some alternatives? If shapeshifting is not an option. Exchanges?
Development: I now consider XLM no longer a viable investment and I need to move funds out of that and invest in LSK.
#5 ...?
Could anyone chime in and assist me in attempting to pin down a viable workflow?
PS: For reference, this is my last topic in the Altcoins section, but that received very few helpful replies https://bitcointalk.org/index.php?topic=2433697