Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
dEBRUYNE
on 17/03/2016, 00:51:12 UTC
I have coins stored on wallets created with mymonero.com. Are they less secure than a paper wallet created with moneroaddress.org?

Unfortunately yes, fluffypony discourages storing any relatively large amounts there because webwallets always bring an additional layer of risk. Therefore, I would recommend to use https://moneroaddress.org to create a paper wallet. Alternatively, if you are fairly paranoid, use this guide:

https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/

The guide ensures that the only way your coins can get stolen is physical access, which is extremely rare. It might take you a few hours to get familiar and comfortable with, but in the end it brings ease to the mind.

I took your advise on the paper wallet dEBUYNE. Said this before but thanks again. You've been very helpful on this forum and to the XMR community.

Edit: Along with many others. My background is more finance based. Most of the technical crypto discussions goes way over my head. Really appreciate all of the knowledgable community members great advice

You're welcome. I am glad I can help you and others out :-)