Your Bitcoin storage solution? "Share It!"

[b¡tco¡n]

Cryptsy, btc-e both with 2fa and Multibit on a truecrypt drive.

I know bad innit!

[grahvity]

I've been giving them to other people on Bitstamp to hold and when I need them, I pay $ to get them back again. Funny thing is that they never give back the same amount... hmmm...

[jdun]

I keep a little in the online exchange, and most of them on my home computer, with backup to an external harddrive.

[skooter]

I have all my bitcoins safe and secure on mtgox.

[sosulon]

What's the most convenient and secure way to store it ? 

[Light]

I have all my bitcoins safe and secure on mtgox.

Guess we found Mark Karpeles' alt account. 

What's the most convenient and secure way to store it ? 

Stick your encrypted wallet on a USB stick and store it with your bank.

[justice]

I like to keep them on exchanges for fast transfer.

Not sure if thats sarcasm or not...

What do you mean???

Never keep more then 1-2 BTC on an exchange.

Exchanges go down like a $10 hooker..

btw how is your ring doing?

[untalented]

Nah, I was just messing. I have my airgapped devices set up nice and secure

Check PM

[roslinpl]

I like to keep them on exchanges for fast transfer.

Not sure if thats sarcasm or not...

What do you mean???

He meant - that keeping coins @ exchanges is EXTREMELY not safe.

" Fast transfer " ?? Fast trade maybe, transfer the money much faster from desktop wallets/android wallets...

You keep money @exchange - you might lose your coins..


But I know you were joking -just post this for newbies. They should be aware.

[Brangdon]

I use an Armory cold wallet, which is encrypted by Armory, then encrypted again by 7Zip, then replicated to various places including DropBox.

[Chris_Sabian]

https://www.bitaddress.org

You can download the code and run the site on a live boot linux system. 

[roslinpl]

https://www.bitaddress.org

You can download the code and run the site on a live boot linux system. 

+1 very good solution !
And indeed safe way to keep it.

You can sealed it in fireproof envelop. You can buy it cheap. And then find a good place to hide it :-)

Or cut the print out to split private key and store in two different places.

[quakefiend420]

BIP38 encrypted paper wallets with copies in 4 geographically dispersed locations.  I'm a long term hodler, so I don't really pull out that often.

and of course, hot wallet on PC and phone with less than .5 in both combined.

[teukon]

I committed my cold storage private key to memory and destroyed all other copies.

[Aswan]

I am using a Pi Wallet

[birr]

I have about a dozen brain wallets.  To make multiple keys, I use a passphrase with a suffix index so I can generate as many keys as I need from the one passphrase.  Sort of the same idea behind using a single seed for a deterministic wallet.
Passphrase security:
The passphrase consists of a series of words chosen randomly from a 50,000 word list using a technique similar to diceware, but less labor intensive.  Then I added some salt in the form of numbers I have had to memorize in my day-to-day life.
Generate keys from the passphrase(s) offline using live Linux flash drive, and saved bitaddres.org or brain wallet.org code.  The private keys never have to touch the internet -- even when you spend them.  There are ways to generate raw transactions offline, if you're careful about not making mistakes with the miner fee etc.

I don't rely completely on memory to save the passphrase, I have mnemonic cues saved in a text file stored in several locations.

[roslinpl]

I am using a Pi Wallet

I think if someone is thinking to use a laptop/notebook as a cold storage - Pi-Wallet is better much better solution

[birr]

I committed my cold storage private key to memory and destroyed all other copies.

If I understand correctly you memorized a string of fifty characters in base58, which is for practical mnemonic purposes completely random, and you don't have a backup.  That's something like 290 bits of information.  How often do you rehearse it, and when you rehearse it do you regenerate the address anew, check it to verify that you didn't have a memory fault?

[johnyj]

Aegis secure key with ubuntu and electrum, always offline. Backup the wallet with several other Aegis secure key. Use sd card to bring the transaction from online watch only wallet and sign it offline when moving funds every 6 months

[teukon]

I committed my cold storage private key to memory and destroyed all other copies.

If I understand correctly you memorized a string of fifty characters in base58, which is for practical mnemonic purposes completely random, and you don't have a backup.  That's something like 290 bits of information.  How often do you rehearse it, and when you rehearse it do you regenerate the address anew, check it to verify that you didn't have a memory fault?

Yeah.  Basically 52 random base58 characters.  No backup.

I rehearsed it every day for the first 2 weeks but reduced the frequency and these days am comfortable rehearsing about once per month.  I checked again following your post and managed with no hesitation (not as fluently as when I enter my e-mail password, but fairly solid).

I check it with a dedicated computer.  I just check that the private key is valid (the checksum is ok) and that it generates the correct address.

I've had this address for nearly a year now.  I transferred the balance from my last cold storage address, for which I also memorised the private key.  I just tried to recall this old key and was surprised to find that I succeeded, although I'll admit I blanked a couple of times and it took me about 2 minutes to recall in full.

I couldn't recommend this method to anyone, but it serves my purposes well.