Post
Topic
Board Beginners & Help
Re: Is there a guide to Cold Storing your Bitcoins?
by
ranlo
on 19/05/2014, 17:19:49 UTC
None of the following are "cold wallets":

save wallet dat file . . .

Thats all it takes just saving your wallet.dat? . . .

only way would be transfer them to a computer wallet, then transfer your dat file . . .

. . . You can use advanced options tab in blockchain . . .

How about encrypting . . .

If you use a service like Coinbase . . .

. . . go on blockchain . . .

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.
  • The private keys and addresses are calculated on an operating system that itself has never been connected to the internet.
  • No address that has value associated with it has ever received an output that has been spent.

So a cold wallet has to have never been connected to the Internet? But "cold storage" just means that you are using something like a paper wallet, right?