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Author Topic: Where to keep your bitcoins?? bitcoin wallet or mtgox bitcoinica etc  (Read 2727 times)
Scott J
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May 02, 2012, 06:38:30 AM
 #21

Paper wallets are king.

www.bitaddress.org

you can download the standalone .html, load it up on a Ubuntu live CD and print out all the physical addresses you want.

I keep mine in a safe deposit box at my bank.

Thinking about putting them in a fire proof box inside a floor safe... but the safe deposit box is free...

It's fine printing them to paper, how do you digitise them again after though?
You can use the redeem private key feature on MtGox.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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May 02, 2012, 07:17:24 AM
 #22

For sure the safe deposit box is the right choice if you want to store the btc for a long long time but if you trade them that would be uncomfortable to keep bumping into the bank branch or whatever the safe box is kept, but if you sell and buy btc all day long i think Armory client is the best with an offline pc or laptop or even the bitcoin client will do the job as long as your pc/laptop stays out  of viruses range. ( even if you pc will be hacked i think its a low chance the 3th party will be able to sell all your btc at once )

2 days ago i was a newbie with btc trading keeping etc but i try every client and exchange so far and as far as i seen a simple backup of your wallet on external flash drive or email draft will do the job. i'm not paranoia but a simple msconfig - startup or services at every startup will keep you away from having your btc disappear

 Wink

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