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Author Topic: You have 10 Bitcoin, how do you store them?  (Read 2008 times)
RoboDawg
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February 28, 2014, 07:27:23 PM
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Instead of asking how to secure my own Bitcoin.... say I sent you 10 Bitcoin now, how would you store them for a year?

I've currently got my Bitcoin in 4 paper wallets.... generated via BitAddress.org (Offline)
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February 28, 2014, 07:29:02 PM
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Paper wallet it, in a zip lock baggy and stick in wife's vjayjay - someone would have to knock the cobwebs off of it to get to them
matt4054
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February 28, 2014, 07:31:37 PM
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Up to 30 BTC I will store them in an encrypted wallet on my local machine (Multibit)

Over 30 BTC, I would use cold storage with a paper wallet, but I'm not trusting online paper wallet generators. Instead, I'm using Multibit as well, exporting private keys, printing them out and then wiping out the data from my wallet. When re-importing the private keys, I am using an OCR software after scanning the paper (so no QR code involved in my cookbook)

My best and trusted friend that I've known since high school is keeping a copy of keys in case of death of total destruction event.
RoboDawg
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February 28, 2014, 07:33:46 PM
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Unfortunately that's the only thing I don't trust.... BitAddress.org I know they're probably are trusted but I wish there was a way to generate a private key offline without trusting a 3rd party... Sad
DannyHamilton
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February 28, 2014, 07:37:49 PM
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Instead of asking how to secure my own Bitcoin.... say I sent you 10 Bitcoin now, how would you store them for a year?

I've currently got my Bitcoin in 4 paper wallets.... generated via BitAddress.org (Offline)

A year?  And I won't be spending them at all for the entire year?

Well then, if I won't be spending them, I don't need them on a computer at all.  Therefore, I'd definitely create a secure paper wallet.  I'd probably create 3 copies of the paper wallet and store it in 3 separate geographical locations (to protect from fire, flood, tornado, etc).

The hardest part would be providing a way for you to reclaim the bitcoins if I should die within the next year.  I'd have to make sure that someone else could access at least one fo the secure locations after my death (and would know to do so), but I'd have to make sure that they couldn't access the location while I'm alive.

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February 28, 2014, 07:38:35 PM
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Paper wallet it, in a zip lock baggy and stick in wife's vjayjay - someone would have to knock the cobwebs off of it to get to them

Wow dude! How's ur sex life? lol

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February 28, 2014, 07:39:56 PM
 #7

Armory.

https://bitcoinarmory.com/

DannyHamilton
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February 28, 2014, 07:40:32 PM
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Unfortunately that's the only thing I don't trust.... BitAddress.org I know they're probably are trusted but I wish there was a way to generate a private key offline without trusting a 3rd party... Sad

There is.  There are a few programs written in python in other threads here on bitcointalk.  If you can learn how to read a python program, you can verify that the software isn't doing anything bad, and then run that instead of BitAddress.org.

You can also run Bitcoin-Qt on an offline computer to generate the necessary information for a paper wallet.  If that program can't be trusted to have been properly reviewed by the public, then bitcoin itself doesn't have much value anyhow.

GDECOIN
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February 28, 2014, 07:41:18 PM
 #9

spend to me..like ask give me loan.i will build your BTC with trust each other.

BTC   : 1G9cAAPAuVZcYAnMko8XLnvmxt3xief9wS
LTC    : LMvNpJNfYgCyVZzcopnWcHS9YBFeK6TegY







https://cryptocointalk.com/topic/4392-new-cash-mooncoin-dogecoin-faucet/
kathmandu34
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February 28, 2014, 07:42:27 PM
 #10

say I sent you 10 Bitcoin now, how would you store them for a year?
14H4dpALM7xZiSGF8bW57c2XqFrLf1H4Hj
This is my bitcoin Address
You send me not 10 also possible whatever amount then i will show you how i am going to save or store.

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February 28, 2014, 07:48:02 PM
 #11

Here's the way I store them: https://bitcointalk.org/index.php?topic=401579.msg4349336#msg4349336

Kaligulax
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February 28, 2014, 08:40:40 PM
 #12

Instead of asking how to secure my own Bitcoin.... say I sent you 10 Bitcoin now, how would you store them for a year?

I've currently got my Bitcoin in 4 paper wallets.... generated via BitAddress.org (Offline)

send me BTC and i will tell you how i wold store them...

its a very interesting and good way of storage...

well... send me 4 BTC and i will tell you... Wink

1FxCUCAij9FT9fXQSqYHHMiaELhRTAhui6
postingthatsmypurpose
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February 28, 2014, 09:45:56 PM
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Using blockchain is my advice Smiley
Kiki112
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February 28, 2014, 11:50:18 PM
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Paper wallet it, in a zip lock baggy and stick in wife's vjayjay - someone would have to knock the cobwebs off of it to get to them

what if his wife needs to pee?

or what if she's a hoe? Cheesy

evansearle42
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February 28, 2014, 11:55:42 PM
 #15

store it on pc wallet and make your computer offline..
sanjoea
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March 01, 2014, 12:08:30 AM
 #16

I definetly withdraw it into my bank account i won't store anywhere

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BitcoinBoss
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March 01, 2014, 12:41:36 AM
 #17

cold storage and paper wallets for sure.  Smiley

FREE BITCOIN ! ---> FreeBitco.in (Faucet + Multiplier) <--- FREE BITCOIN !
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Flashman
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March 01, 2014, 02:18:24 AM
 #18

I store them on millions of hard drives world wide... 'coz they're IN the blockchain and no amount of tomfoolery is going to get them out ... in fact if you manage that you've lost them.

My private keys to prove my ownership of them however, I keep offline, various ways, various places.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
Jeezy911
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March 01, 2014, 02:22:39 AM
 #19

I actually trust Coinbase with small amounts <5. Anything more Wallet with about 3 USB drives with .dats locked in a safe.

softron
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March 01, 2014, 02:26:24 AM
 #20

Ill use three addresses that have never been used before

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