Abiky (OP)
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www.Crypto.Games: Multiple coins, multiple games
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January 17, 2020, 02:58:36 AM |
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I said about dividing whole key into parts and memorizing 1st letter. I have also found some unique ideas too. I want to add another idea. Educate your life partner/family members about crypto. Tell them how to use priv key, how to withdraw fund from wallet to exchange and how to do basic trading. Thus you will have educated helper and they may use your btc in your absense. Obviously you have to chose most trusted members of your family.
Thanks for the tip. This is definitely a must, in order to preserve my crypto funds against death. In case I don't manage to survive a natural disaster, a relative could easily access the crypto funds in my absence. It'll hard for me teach most of my family members about crypto and Blockchain technology (as they're not tech-savvy at all), but I'll do my best at it. Instead of a normal crypto wallet, I think that a multi-sig wallet would be best for this situation. Other family members will still be able to unlock the crypto funds if they don't manage to find my crypto keys (or seed). It's always best to have a "Plan B" just in case, to preserve your crypto funds for future generations. Best way is multiple offline backups, paperwallets, .dat files saved on usb, and stored in different secure locations. If disaster happens in one area you will be fine because you have your backups elsewhere. Whatever you do, make sure you make at least one backup, too many stories of lost crypto out there.
Exactly. Redundancy is key towards protecting one's important data from undesired events in life. The cheapest way would be to make several digital copies of your crypto private keys encrypted across several cloud services. I'd use Google Drive, OneDrive, and even Dropbox to store multiple copies of my utmost sensitive crypto private keys. In the event of a natural disaster (like an earthquake), I can remain confident that my funds will still be safe even after being disconnected from the Internet for a couple of years from now. The last resort would be to store copies of crypto keys in a physical form. I've toppled with something called "ColdTi" which is a cryptocurrency seed wallet that's made out of pure titanium. By punching (or engraving) your crypto seed on the card, you can rest assured that your funds will be safe for a very long time. This is a cheaper solution to the "CryptoSteel" cold storage wallet that's also waterproof, fireproof, and shockproof. With a cost of $20.99 at Amazon ( click here), you can't go wrong with using the "ColdTi" to protect yourself against a natural disaster.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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msarro
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January 17, 2020, 02:25:37 PM |
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How about writing your seed on paper, scanning the paper, encrypting the scanned image and finally uploading in your email account. Always distribute your coins into multiple wallets, never store all your wealth in one wallet. That’s my suggestion on subject.
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samcrypto
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Vave.com - Crypto Casino
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January 17, 2020, 02:29:37 PM |
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How about writing your seed on paper, scanning the paper, encrypting the scanned image and finally uploading in your email account. Always distribute your coins into multiple wallets, never store all your wealth in one wallet. That’s my suggestion on subject.
Its better to create your private email and save the seeds there, it will be safe as long as the computer that you will be use is safe. Natural disaster is not an easy thing, you must have the funds to support you if ever so I also believe cryptocurrency is the safe place. My suggestion is that, memorize your seeds but make sure to put it on something that is really safe, if its not that big then open an account on the best exchange that we have.
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nickenburg
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January 17, 2020, 02:42:11 PM |
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Natural disaster is almost impossible in my country only if there would be some crazy water disaster, where our country floods it would be very bad. The place where I live is about 5 meters under the sea water level, so if something like that would happen we are pretty screwed.
However the thing I wonder is what would happen when a man made or even alien disaster would happen something like a huge Emp or Nucleair bomb. If the whole world would be without electricity that way no one is mining Bitcoin or could send it, that would be pretty bad.
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Crypto5060
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Theagriverse.io
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January 17, 2020, 02:48:52 PM |
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I don't think any cold storage is indestructible if natural disaster were to occur. Only cloud storage will survive in the case a disaster happened even though it's not the most safe but you will be able to access your log in from anywhere.
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kro55
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*STOP NOWHERE*
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January 17, 2020, 05:56:11 PM |
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The best way in my opinion is to write a seed on paper and store it in different physical locations without first and last word. First and last word you memorize your self. In case you want to recover your wallet, write first and last word to get the complete seed. There are many such free methods which everyone can device himself.
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ecnalubma
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January 17, 2020, 11:58:02 PM |
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I think its better to back up private keys in many ways, not only to depend on single method but trying different methods could work. Because if we think of natural disasters, there’s always a possibility that physical back-ups could be destroyed or lost.
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Abiky (OP)
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www.Crypto.Games: Multiple coins, multiple games
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January 18, 2020, 02:20:56 AM |
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How about writing your seed on paper, scanning the paper, encrypting the scanned image and finally uploading in your email account. Always distribute your coins into multiple wallets, never store all your wealth in one wallet. That’s my suggestion on subject.
Great idea. I've never thought about something like this before. Thanks! Speaking of images, I had a crazy idea of writing the seed on a text file with my computer offline, encrypt it, then hide it under an image (steganography). This way, no one would notice there's something unusual that could be linked with something sensitive/private. Uploading it to multiple cloud services, would prove to be wonders for preserving one's crypto funds against a natural disaster. Nowadays, there are many ways to do this limited to your imagination. With paper wallets, multi-sig addresses, and even cold storage cards made out of solid metal (Titanium, Stainless Steel, etc), you can safely store your crypto for many years to come. Among those methods mentioned, I believe that paper wallets and digitally-encrypted files would prove to be suitable for protecting your crypto funds against a natural disaster without breaking the bank. For those more inclined in spending a little bit more, there's the option of cold storage cards like "ColdTi" and "CryptoSteel". But these require you to punch out or engrave your seed on them to be able to work as intended (which doesn't seem to be the easiest route to take for newcomers into crypto).
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duuuuude
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January 18, 2020, 11:54:21 AM |
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With such success, if you include creative thinking you can laminate a paper wallet yourself and cover it with fire-resistant varnish, it will come out very cheaply and practically)
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Ashong Salonga
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January 28, 2020, 10:49:36 AM |
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You can also protect your cryptocurrencies from the natural disasters by storing it up in an online wallet which you prefer to use depending on your standard or the wallet that suits your needs and wants. You just need to secure that you have chosen a reliable and trustworthy online wallet for storing up your assets which is now far away from the effects of natural disasters. If you are not secured on putting your assets into an online wallet, you can also store it in offline wallet that's why we do have hardware wallets for that. You just need to be responsible on keeping your hardware wallet into a safe and secured place together with your seed, private key or password you have used to secure your wallet. Better put it on a water proof case so that it will not be destroyed when there is flood and in that case you can still access your assets even without internet that might happen once communication towers are down due to strong typhoons. Any way you prefer will be good as long as you are also responsible on storing up your assets in a safe place away from the effects of natural disasters.
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ansi
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January 28, 2020, 11:18:51 AM |
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Wow man, that's some serious paranoia out there lol. It's enough for me to write it own with paper + pen or just print them (home print of course). get your safe raeady & there you go. Also i prefer the online storage, it's my best, encrypted .rar passworded file + phone verification to open it & you're safe enough.
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JC btc
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January 28, 2020, 12:41:31 PM |
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Just make sure that you have back up of your wallets not only in your personal computer, as it might destroy all the time, so you just need to make sure that you have back up in your wallet too and of course you should have someone you trusted with to know your passwords, back up files and should know how to set up in case of emergency.
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joeperry
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Bons.io Telegram Casino
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January 28, 2020, 04:37:07 PM |
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I think putting it in a ledger and put it in somewhere safe maybe a vault box or something, a paper wallet (however it's immune to water and fire) well for me the best way to protect cryptocurrency is to memorize your seeds and delete all the information in regards your wallet.
it means it's only you and no one will never know your passphrase or seed because its stored in your brain however this is very risk because if you just missed 1 letter from the word/s or one word you will not be able to recover all your bitcoins or cryptos.
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travwill
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January 28, 2020, 08:11:51 PM |
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I think that you can use the encryption program to create an encrypted container in which you put the data you need. Then send this container to several cloud services. Considering that all the data will be in the container, the keys for decryption of which only you have, you will be sure that they will not be able to decrypt it even if the cloud service is hacked, so the only thing to be afraid of is disconnecting or destroying the servers of the service itself. In view of this, it is better to use two or three services with servers in different parts of the world. But the keys for decryption you have to remember.
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Hippocrypto
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January 28, 2020, 09:04:25 PM |
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In my own idea, I think it's always a safe storage for our digital asset of we have a cloud storage account which confidentialy registered with you. You can store your access keys on that cloud including the seeds or whatever you have to gain full access on your wallet. Any hardware wallet can be affected with natural disasters and it's prone of damages or any form of fire will destroy it. That's the only protection that is best for now, we can't trust any other physical storage like a vault or something.
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ATSgrowth
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homt.net
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January 28, 2020, 09:12:04 PM |
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Storing your private key or seed on more places, the chance that two diffrent places will be damaged by natural disaster is close to 0. But I know that everyone here is paranoid and that is pretty normal when you realize that you are fully responsible for your money.
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gundala
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January 28, 2020, 10:29:17 PM |
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I have an idea, make a code using a phrase for your BTC key, if you are afraid it will burn or get wet if you use paper, and it's too expensive to buy materials that are fire and water-resistant, then the easiest is to make a tattoo on your body using the code the. Simple is not it? but make sure you remember the key code, don't let yourself forget it, .
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princesspoppy
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January 28, 2020, 10:46:16 PM |
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In storing private keys, what I do is store it in an online wallet, then I also have my flashdisc as well as paper wallet. It is safe to always have back-ups. As for the natural disasters, it is easy to put these things into a safe place anywhere in your home, banks or if not possible, keep it to yourself but just make sure that you yourself is also safe when that natural disaster comes. Your wallet abd private keys are safe but who will use it and benefit from it if no one can access because the owner died from that natural disaster. Everything will be useless if that ever happened.
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mrSamuel
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January 28, 2020, 11:39:02 PM |
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t is best to have a hardware wallet that lies in a bank cell. Access to the cell must be granted to relatives and heirs in case something happens to you during a natural disaster.
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malekbaba
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SellDefi.com | Earn by selling files
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January 30, 2020, 08:09:47 AM |
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I have an idea, make a code using a phrase for your BTC key, if you are afraid it will burn or get wet if you use paper, and it's too expensive to buy materials that are fire and water-resistant, then the easiest is to make a tattoo on your body using the code the. Simple is not it? but make sure you remember the key code, don't let yourself forget it, . Really funny and bad way to secure your asset. What will happen if you lose your body part where you made the tattoo? And putting tattoo on skin is invasive and not healthy. Young and old people will never find it a suitable way, mommy will never allow. May be you posted a way without enough thinking.
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