What kind of cold storage do you use?

[Parazyd]

I like to keep mine backed up to a few USBs. I dont really trust paper wallets.

Why? A USB drive will break down far faster than a piece of paper.

EDIT: If you have backups, then don't mind this

[thecoindoctor]

definitely paper wallets

[btcton]

Doesn't saving a paper wallet in a computer defeat its purpose, though?

[Musent]

Paper wallets are the only way to go.

[jonald_fyookball]

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

[Sydboy]

drilling safe deposit boxs ?
I think I saw that in a movie last week.

Any solution you can say what about this, what about that.
just spend them if you are so clever

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

[jonald_fyookball]

drilling safe deposit boxs ?
I think I saw that in a movie last week.

Any solution you can say what about this, what about that.
just spend them if you are so clever

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

You're right: there is no perfect system...they all have trade offs.
But i felt the need to say something because poster said
Paper wallet is "only" way to go.

Anyway there's other issues with paper wallet in safe deposit box.  bank could
Get robbed, have a fire...plus you couldn't access your coins if you are travelling, etc.

[Parazyd]

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

If you're that paranoid, why not just encrypt the private keys on the paper wallets?
A passphrase you have in your head.

[Ron~Popeil]

drilling safe deposit boxs ?
I think I saw that in a movie last week.

Any solution you can say what about this, what about that.
just spend them if you are so clever

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

You're right: there is no perfect system...they all have trade offs.
But i felt the need to say something because poster said
Paper wallet is "only" way to go.

Anyway there's other issues with paper wallet in safe deposit box.  bank could
Get robbed, have a fire...plus you couldn't access your coins if you are travelling, etc.

I keep my SD cards in strategic places that I travel to frequently. Multiple copies of any cold wallet helps.

[Musent]

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

Anything can be done to any of the cold storage. There is no 'perfect' system, just great systems.

[Parazyd]

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

Anything can be done to any of the cold storage. There is no 'perfect' system, just great systems.

Chances of someone hacking a BIP38 key are minimal. So, pretty much perfect

[jonald_fyookball]

Paper wallets are the only way to go.

But where do you keep it?  Your house could burn down and get robbed. 
And of it's at the bank you are trusting bank personnel and authorities.
It's not like safe deposit boxes have never been drilled.

Anything can be done to any of the cold storage. There is no 'perfect' system, just great systems.

Chances of someone hacking a BIP38 key are minimal. So, pretty much perfect

Still the limitation of proximity.

[Parazyd]

Backups.

[ReserviorHunt]

Newbie question:

If I made copies of my wallet.dat, cut/paste into a usb, wrote the pass phrase on a piece of paper, and stored both the paper and usb in a safe box, would that be considered 'cold storage'?

Also is using this method safe when wallet versions are updated in the future as I would merely be copy/pasting the wallet'dat and using the passphrase to open my wallet?

How vulnerable electronically speaking is this, aside from physical vulneralbilities?

[Parazyd]

Newbie question:

If I made copies of my wallet.dat, cut/paste into a usb, wrote the pass phrase on a piece of paper, and stored both the paper and usb in a safe box, would that be considered 'cold storage'?

Also is using this method safe when wallet versions are updated in the future as I would merely be copy/pasting the wallet'dat and using the passphrase to open my wallet?

How vulnerable electronically speaking is this, aside from physical vulneralbilities?

It's ok. I'd store the compatible client for that wallet on the USB too, just jin case.

[ReserviorHunt]

Newbie question:

If I made copies of my wallet.dat, cut/paste into a usb, wrote the pass phrase on a piece of paper, and stored both the paper and usb in a safe box, would that be considered 'cold storage'?

Also is using this method safe when wallet versions are updated in the future as I would merely be copy/pasting the wallet'dat and using the passphrase to open my wallet?

How vulnerable electronically speaking is this, aside from physical vulneralbilities?

It's ok. I'd store the compatible client for that wallet on the USB too, just jin case.

So it should be ok but keep a setup file for that wallet version on the usb just in case...

If it is this simple in making a cold storage, I do not see the elaborate need for paper wallets and other methods. Copy/paste + text with password.

Another question: when updating your wallet verison, you would simply back up your wallet dat by copy/pasting and erasing everything else, installing the new version, than copy/pasting your wallet dat, correct?

[Parazyd]

Newbie question:

If I made copies of my wallet.dat, cut/paste into a usb, wrote the pass phrase on a piece of paper, and stored both the paper and usb in a safe box, would that be considered 'cold storage'?

Also is using this method safe when wallet versions are updated in the future as I would merely be copy/pasting the wallet'dat and using the passphrase to open my wallet?

How vulnerable electronically speaking is this, aside from physical vulneralbilities?

It's ok. I'd store the compatible client for that wallet on the USB too, just jin case.

So it should be ok but keep a setup file for that wallet version on the usb just in case...

If it is this simple in making a cold storage, I do not see the elaborate need for paper wallets and other methods. Copy/paste + text with password.

Another question: when updating your wallet verison, you would simply back up your wallet dat by copy/pasting and erasing everything else, installing the new version, than copy/pasting your wallet dat, correct?

USB keys can die. Paper can't.

And yes, correct. You can also import private keys into the new version.

[ReserviorHunt]

Newbie question:

If I made copies of my wallet.dat, cut/paste into a usb, wrote the pass phrase on a piece of paper, and stored both the paper and usb in a safe box, would that be considered 'cold storage'?

Also is using this method safe when wallet versions are updated in the future as I would merely be copy/pasting the wallet'dat and using the passphrase to open my wallet?

How vulnerable electronically speaking is this, aside from physical vulneralbilities?

It's ok. I'd store the compatible client for that wallet on the USB too, just jin case.

So it should be ok but keep a setup file for that wallet version on the usb just in case...

If it is this simple in making a cold storage, I do not see the elaborate need for paper wallets and other methods. Copy/paste + text with password.

Another question: when updating your wallet verison, you would simply back up your wallet dat by copy/pasting and erasing everything else, installing the new version, than copy/pasting your wallet dat, correct?

USB keys can die. Paper can't.

And yes, correct. You can also import private keys into the new version.

What do you mean usb keys can 'die'? as in, physically malfunction/decay or corrode/erode due to ppor conditons overtime? I do plan on basically drawing it out every 6 months or so and updating wallet version/replacing it with new usb drive.

I dooappreciate you answers but english is not my first language. Thanks again.

[Parazyd]

Newbie question:

If I made copies of my wallet.dat, cut/paste into a usb, wrote the pass phrase on a piece of paper, and stored both the paper and usb in a safe box, would that be considered 'cold storage'?

Also is using this method safe when wallet versions are updated in the future as I would merely be copy/pasting the wallet'dat and using the passphrase to open my wallet?

How vulnerable electronically speaking is this, aside from physical vulneralbilities?

It's ok. I'd store the compatible client for that wallet on the USB too, just jin case.

So it should be ok but keep a setup file for that wallet version on the usb just in case...

If it is this simple in making a cold storage, I do not see the elaborate need for paper wallets and other methods. Copy/paste + text with password.

Another question: when updating your wallet verison, you would simply back up your wallet dat by copy/pasting and erasing everything else, installing the new version, than copy/pasting your wallet dat, correct?

USB keys can die. Paper can't.

And yes, correct. You can also import private keys into the new version.

What do you mean usb keys can 'die'? as in, physically malfunction/decay or corrode/erode due to ppor conditons overtime? I do plan on basically drawing it out every 6 months or so and updating wallet version/replacing it with new usb drive.

I dooappreciate you answers but english is not my first language. Thanks again.

Yeah, the fact that there is a possibility for them to malfunction, although it rarely happens, but still...

[CryptoKilla]

My favorite is a paper wallet that is pass protected, then divided up in pieces and stored in several different safety deposit boxes spread across several different banks. It's even better if they are spread across the country you live in.