Ninjastic
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Post
Topic
Board Bitcoin Discussion
Re: Securing your wallet
by
Iranus
on 28/06/2017, 21:54:43 UTC
Quote from: mindrust on June 28, 2017, 09:03:48 PM
Quote from: GreenBits on June 28, 2017, 08:55:08 PM
Quote from: mindrust on June 28, 2017, 08:41:06 PM
Quote from: liliiaolivia2017 on June 28, 2017, 08:35:46 PM
What nuances and secrets you know


Download the offline wallet generator from bitaddress.org or walletgenerator.net 's github page to your usb disk. The securest way is to create your private key on a freshly installed linux PC without any internet connection. Then use one of those offline paper wallet services and print your keys on a paper. You can't have a safer way than this.

*mind blown*

Holy shit rust, this never occurred to me. Was always wonky about using both these services because frankly, I really don't trust anyone or anything when it comes to cryptos, decentralization and trustlessness is key here. Of course I can download an open source app and run it on a not connected computer. Duh, dammit. Hindsight be damned, this should have been obvious Sad

Now that I'm thinking about it, did everyone that used brainwallet, eventually get compromised?  Generating a private key off of a phrase seemed like a poor idea, but did that pan out? Off topic, but bit address got me nostalgic Smiley

Listen to the man. He knows his shit.
*don't bother with hardware wallets. They are completely unnecessary to have. The only thing you need is a piece of paper.
If you want to use payments frequently, hardware wallets are dramatically better than paper wallets to have.  You can spend very conveniently from an online interface.  Paper wallets are great for long-term cold storage but hardware wallets are the thing to have for the casual user.

Hardware wallets really aren't that expensive if you want to casually spend on a regular basis.  With the price of Bitcoin as it is it doesn't even cost 0.05 BTC to buy a TREZOR, so I really don't see where all the opposition is... especially since if you have a hardware wallet you can have several additional passphrases and hidden wallets very easily, whereas if someone steals those pieces of paper it's just over.