Password encryption

[Womble23]

eghtfyfyt>Y;9@FqERGRT&ly(:&Ruj$^j746*I&95O^*(p^*(KEytheTH#%^hy
Af`2FR24H65ik9-=J#56Y24T%1#$24h6u4k^*Ol;&);l$H^2$G%!35g424G%g
FQwrNIk-=:)?Y>EQGQgf24#%J%&K869l0790;790;tuim46j468i69O870P790p
qeg%hy^8kj&%(L^IK5&*k$^j74^J&$^j7u*&(L):-0UPO;yuRYhJ#%678YH2y


I am looking to store my password in a way i can remember years down the track.

I will have 2 passwords to access my private key.

The password is some where in this set of mixed numbers and letters etc.

20-24 characters long.

Question: Would this be a good way to store my password?

[sunsilk]

Question: Would this be a good way to store my password?

Do you mean posting it here in forum? if that is so that's not a good way to store your password.

But if I got it wrong and you are only talking about the encryption, I'm not that an expert on it but its a good one if you are going to write it down somewhere and stick on your walls or a place where you are the only who knows it.

[Xynerise]

Use a local password manager.

If the password is for a BIP 38 private key, then use a passphrase.
Those are easier to store, and you can write them down , or split them into parts using Shamir's Secret Sharing Scheme.

[hugeblack]

What kind of wallet did you use? it’s better to save your Private key and seed more than password "You can post your password publicly without mentioning where this password is supported ex: my password is ewrwetew332wetw".
I use these methods to save my important information (private key, seed, and password)
1.https://1password.com/: watch this video to know how this service work https://www.youtube.com/watch?v=mcly2-b1W20
2.https://cryptosteel.com: for hardware wallets

[carlfebz2]

Question: Would this be a good way to store my password?

Do you mean posting it here in forum? if that is so that's not a good way to store your password.

But if I got it wrong and you are only talking about the encryption, I'm not that an expert on it but its a good one if you are going to write it down somewhere and stick on your walls or a place where you are the only who knows it.

We don't know if its the real one or not but still even though its the real one knowing the password would be entirely hard for me. Its also a good way on storing/writing up passwords but as suggestion above given ^  these password managers would be a good choice for me.Just always remember on where you do store it and set always an encryption specially on the key.

[Womble23]

I'd rather recommend store your encrypted wallet, seed or/and password in secure location rather than only remember the password. If you're having difficulty manage your own password, use offline/trusted/secure password manager.

Use a local password manager.

If the password is for a BIP 38 private key, then use a passphrase.
Those are easier to store, and you can write them down , or split them into parts using Shamir's Secret Sharing Scheme.

And don't forget to write/keep the encrypted private key

Thanks for all the feedback, yes I plan to store the paper wallet version in a safety deposit box at some point. Small holdings currently, when they grow big enough i will buy a Ledger Nano and a safety deposit box for the paper version.

I just wanted a secure way to store my crypto locally while the balance is still low.

Some good feedback,thanks.

[Thanasis]

I'd rather recommend store your encrypted wallet, seed or/and password in secure location rather than only remember the password. If you're having difficulty manage your own password, use offline/trusted/secure password manager.

Use a local password manager.

If the password is for a BIP 38 private key, then use a passphrase.
Those are easier to store, and you can write them down , or split them into parts using Shamir's Secret Sharing Scheme.

And don't forget to write/keep the encrypted private key

Thanks for all the feedback, yes I plan to store the paper wallet version in a safety deposit box at some point. Small holdings currently, when they grow big enough i will buy a Ledger Nano and a safety deposit box for the paper version.

I just wanted a secure way to store my crypto locally while the balance is still low.

Some good feedback,thanks.

If you are going to store small amount of bitcoin then blockchain.info wallet is also a good option where you can use 2FA option to increase the security of your wallet.But I am personally using Electrum for a while there is no problem with that but if you are new to that kind of wallet you need to be careful while sending bitcoin fee is you set too low fee then your transaction will be stuck in that case electrum has replaceable fee option too.

[crairezx20]

I'd rather recommend store your encrypted wallet, seed or/and password in secure location rather than only remember the password. If you're having difficulty manage your own password, use offline/trusted/secure password manager.

Use a local password manager.

If the password is for a BIP 38 private key, then use a passphrase.
Those are easier to store, and you can write them down , or split them into parts using Shamir's Secret Sharing Scheme.

And don't forget to write/keep the encrypted private key

Thanks for all the feedback, yes I plan to store the paper wallet version in a safety deposit box at some point. Small holdings currently, when they grow big enough i will buy a Ledger Nano and a safety deposit box for the paper version.

I just wanted a secure way to store my crypto locally while the balance is still low.

Some good feedback,thanks.

If you are going to store small amount of bitcoin then blockchain.info wallet is also a good option where you can use 2FA option to increase the security of your wallet.But I am personally using Electrum for a while there is no problem with that but if you are new to that kind of wallet you need to be careful while sending bitcoin fee is you set too low fee then your transaction will be stuck in that case electrum has replaceable fee option too.

Not good if you wanted to hold bitcoin for a long time blockchain is not a good idea.. For me if you really wanted to safety save your bitcoin paper wallet or hardware wallet would be the best option to save your bitcoin for a long time..
Since he choose to use paper wallet to hold bitcoin i think its a right way to save bitcoin safety for long time.. then if he planning to get more secured wallet hardware wallet like ledger nano S would be the best option..

[Patatas]

eghtfyfyt>Y;9@FqERGRT&ly(:&Ruj$^j746*I&95O^*(p^*(KEytheTH#%^hy
Af`2FR24H65ik9-=J#56Y24T%1#$24h6u4k^*Ol;&);l$H^2$G%!35g424G%g
FQwrNIk-=:)?Y>EQGQgf24#%J%&K869l0790;790;tuim46j468i69O870P790p
qeg%hy^8kj&%(L^IK5&*k$^j74^J&$^j7u*&(L):-0UPO;yuRYhJ#%678YH2y


I am looking to store my password in a way i can remember years down the track.

I will have 2 passwords to access my private key.

The password is some where in this set of mixed numbers and letters etc.

20-24 characters long.

Question: Would this be a good way to store my password?

No this is definitely not a good way of storing passwords.You are simply creating another layer of password to remember your old password with bunch of numbers and keys which technically at some level is encryption.Sadly,if you forget your combination of the new layer,your original password will be unrecoverable.Get a password manager or something if remembering passwords is that big of a problem for you.

[Hazir]

Op, why don't you simply store this password offline - just write it down on the piece of paper and hide somewhere.
Paradoxically it is probably the best option to store securely your password. Even if someone will find it, they wouldn't have an idea what is it really.

[Womble23]

Op, why don't you simply store this password offline - just write it down on the piece of paper and hide somewhere.
Paradoxically it is probably the best option to store securely your password. Even if someone will find it, they wouldn't have an idea what is it really.

I am living in my campervan, so that is not an option with out a safety deposit box. Stashing the password on paper somewhere in the van is not good, the van could get stolen.

No this is definitely not a good way of storing passwords.You are simply creating another layer of password to remember your old password with bunch of numbers and keys which technically at some level is encryption.Sadly,if you forget your combination of the new layer,your original password will be unrecoverable.Get a password manager or something if remembering passwords is that big of a problem for you.

Well I have the combination hidden in the 4 lines to help me remember, and i make it a rule to regularly open the file with the passwords, so far so good.
This is not something you forget, were talking big money at some point. Because I will be trading a bit, I will be accessing the file a lot, so no worries.
I have the secret combination to the password hidden in the mixed field, so i will not forget it.

The Nano ledger will come soon anyways, and a safety deposit box for the seed.

Obviously the original post is not the password, and is just an example.

I only ever access the file from a live cd.

All I have to remember is a simple combination of 4 characters, not 24 numbers, letters etc. Makes it really easy to remember, and if i forgot the combination it is written in the field anyways. I reckon it is a really good way to store the password.

[pooya87]

~ and i make it a rule to regularly open the file with the passwords, so far so good.~

this is both a good and a bad thing to do.
you said you are using a live CD but it is still a tough process to open up a secure environment each time, install the required tools (for example a wallet that opens your wallet.dat file or reads your seed,...) and type in your password or encrypted seed. it is a long process and you may make a mistake at some point if it is repeated over and over again. we sometimes become less careful when we do some repetitive task.

[swogerino]

There is no general rule of how to store your password but there are a few hints of what a good password really is.

1. Something that makes sense only to you
2. Be as long as possible in characters, I use complex passwords, will show an example below.
3. Make sure that although these can be words cannot be identified in any dictionary.

Personal example of a strong password I have used before but not since today because I am sharing here.

Password: GandinoSuikoden!Xtreme@bitcoin

First word is a country from a game Dragon Quest VI
Second word is the title of a Playstation series game
Exclamation mark and the word Xtreme are something I use often
@bitcoin can easily be remembered by a bitcoin user but cannot be easily brute forced when is part of 30 characters password.

[Oceat]

~ and i make it a rule to regularly open the file with the passwords, so far so good.~

this is both a good and a bad thing to do.
you said you are using a live CD but it is still a tough process to open up a secure environment each time, install the required tools (for example a wallet that opens your wallet.dat file or reads your seed,...) and type in your password or encrypted seed. it is a long process and you may make a mistake at some point if it is repeated over and over again. we sometimes become less careful when we do some repetitive task.

I guess you were right 'cause by the time we do our daily routine we sometimes tend to get tired of doing it in a hard way that's why we have to find an easy way and that what makes us careless. Not thinking that people might have been snooping you around or might wanna do the same as you did and we just gave them an easy way to access our own belonging.