Post
Topic
Board Bitcoin Discussion
Re: Best current cold storage method
by
lumeire
on 10/11/2015, 10:38:21 UTC
Do you guys BIP38 your paper wallets?
I do. BIP38 is a important feature in paper wallets. It protects against theft of your Bitcoin and is relatively hard to crack if you use a strong one. However, you do have to remember the password. The best practice is to write it down and keep it somewhere safe.

It's not safe to write down your passphrase. Then it's like you don't even have it. I rather make and remember my passphrases as a sentence, and I add a few symbol characters. So with a password of 30+ chars it gets uncrackable in my lifetime. Which is OK Cheesy

You end up at risk of losing everything if something bad happens to you. Better write it down or have it printed, then store in air tight sealed container then lock it up in a safe. At least you can have your kin to inherit it someday. Smiley