Bitcoin Forum
November 11, 2026, 03:45:03 PM *
News: Latest Bitcoin Core release: 32.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: What are the most common mistakes made when Setting Up an offline wallet.  (Read 187 times)
NefiSwap
Newbie
*
Online Online

Activity: 25
Merit: 0


View Profile WWW
Today at 12:31:40 PM
 #21

A common mistake happens on day one, when the coins first leave the exchange. Do a full round trip with a small amount before moving the real balance: withdraw a little to the new wallet, then sign a transaction on the air-gapped machine and spend it back out. That tests the whole unsigned/signed transfer you described while the stakes are tiny. Also check the receiving address on the signing device itself rather than on the online watch-only wallet, since the online machine is the one malware can tamper with.
Cookdata
Legendary
*
Online Online

Activity: 1848
Merit: 1525


Not your keys, Not your Bitcoin


View Profile
Today at 03:23:19 PM
 #22

Are you really asking this? Even your seed phrase, if possible you should divide them into separate locations. Moreover, the passphrase is something you created yourself which is just like your phone password. If I may ask, do you write your phone password somewhere? I think No. So it's not necessary to write down your passphrase because I think you should create something that you'll easily remember and hard for others to guess but you shouldn't create something difficult that you'll have to write it down. It's possible for someone to have access to somewhere you wrote the seed phrase but they can't have access to something in your memory.

I don't think a wallet set up should warrant different locations. I'm actually worried how a person that want a safe locations in many places. You can't measure the all the places to have the same security. Like your house can be safe for you to hide your seed phrase because you live there, you do almost everything in that place, but certainly the rest of the location can't be the same. The rest of the locations will be on assumption that itself which is bad for security.

Complicating a wallet security that should have been simple will lead you into another puzzle you may not be able to solve. Maybe you should learn to save your seed phrase in one location where only you can access or if you don't stay at home, like you travel alot, divide it into two, keep half at your home and take the half with you and a passphrase. This way even if you are not at home, you know the rest of the seed and the extension is with you.

elda34b
Sr. Member
****
Offline

Activity: 1162
Merit: 357


View Profile
Today at 03:30:18 PM
 #23

-snip-
i don't think that's what they mean tbh. by different location they meant something like storing on part on a book, another behind your safe, another one on your living room desk, and so on. obviously i might be wrong and he's referring to actual separation of location. sorry for the lack of capital, i'm typing from a device that somehow fail to register any shift or control input key.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!