jambola2 (OP)
Legendary
 Offline
Activity: 1120
Merit: 1038
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November 14, 2014, 09:19:50 AM |
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For me,
Under 0.2 BTC (Under 100$) :- Online wallet, whose private keys are not under my control. Allows for faster transactions
0.2 to 2 BTC (100 to 1000$) :- Paper wallet/Brain wallet with encryption with 10-15 char password.
What are your 'thresholds' ? What should I do if I ever get 2+ BTC ? What about at 10,000$ (20 BTC) or more ?
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No longer active on bitcointalk, however, you can still reach me via PMs if needed.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Lethn
Legendary
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Activity: 1540
Merit: 1000
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November 14, 2014, 09:27:08 AM |
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I'm about the same because anything more than 2BTC is difficult to spend immediately so it's a good idea to stash it, also I'd seriously consider investing in some sort of passive income with that amount of money.
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b!z
Legendary
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Activity: 1582
Merit: 1010
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November 14, 2014, 11:09:19 PM |
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I don't sacrifice security for convenience.
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jambola2 (OP)
Legendary
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Activity: 1120
Merit: 1038
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November 15, 2014, 12:20:46 PM |
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I don't sacrifice security for convenience.
Mhm, so you make a new cold wallet every time you want to spend a single mBTC ? |
No longer active on bitcointalk, however, you can still reach me via PMs if needed.
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b!z
Legendary
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Activity: 1582
Merit: 1010
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November 15, 2014, 07:14:07 PM |
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I don't sacrifice security for convenience.
Mhm, so you make a new cold wallet every time you want to spend a single mBTC ? I rarely make transactions that small. |
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Levitron
Member
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Activity: 63
Merit: 10
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November 15, 2014, 09:43:31 PM |
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Buy a new computer set or laptop, new installed os and antivirus. Open your wallet there, make sure your connection is encrypted, after you send the bitcoins to the new wallet disconnect it from the internet. If you want to back up burn your wallet to a clean new dvd or print your private to a paper using a new printer connected directly to the computer. Don't use any usb or dvd on this computer again.
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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November 15, 2014, 10:33:40 PM |
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I gave my cold storage wallets long and strong passwords, while my wallets that I use to send/receive btc have a very easy pass.
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Mushito
Newbie
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Activity: 14
Merit: 0
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November 15, 2014, 10:44:11 PM |
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Encrypted storage regardless of the amount. Because .1 BTC will be worth a couple thousand one day.  Must collect the precious BTC! |
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leesin
Member
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Activity: 93
Merit: 10
#feelthebern
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November 15, 2014, 10:46:07 PM |
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does anyone have a tutorial on how paper wallets? if we do in fact have a paper wallet, is the only way to that paper wallet through the qr code?
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b!z
Legendary
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Activity: 1582
Merit: 1010
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November 16, 2014, 12:19:30 AM |
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does anyone have a tutorial on how paper wallets? if we do in fact have a paper wallet, is the only way to that paper wallet through the qr code?
You can also type in the key. |
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