Hello, and thank you for the information!
I am new and I just want to check if this is a working solution:
1) Working offline generate address and private key at bitaddress.org - basicaly a paper wallet but I do not want to print it.
2) Back up my private key in note files on 3 different USB flash drives. I know the machine and the drives have to be uncompromised.
3) Send a small amount of my coins from Kraken to the address I created; check the blockchain if it is received; send the full amount to the same address if everything is OK.
I need long term cold storage but I want to keep it simple. As I understand I have to inport the private key in a software later in order to send the money back to exchange again? But everything is OK as long as I have the private key?
So my questions are:
1: should I do it?
2: can I do it for alt coins too?
Thank you in advance. You have been helpfull!