Post
Topic
Board Beginners & Help
Re: Is there a guide to Cold Storing your Bitcoins?
by
cahirlet
on 19/05/2014, 11:51:06 UTC
None of the following are "cold wallets":

-snip-
Use wallets like myceilum . . .

At worst, a cold wallet is a wallet that is not and never has been accessible from the internet.

At best, a cold wallet was generated with a source of randomness that is guaranteed to have at least 160 bits of entropy, and the private keys and addresses are calculated on an operating system that itself has never been connected to the internet, and no address that has value associated with it has ever received an output that has been spent.
I'm sorry for my poor phrasing of my word. I was trying to say there is an option to spend from cold storage, making it more convenient.