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judymcconville@roadrunner.com 2017-05-02 12:39:47 -07:00
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@ -49,7 +49,7 @@ Over the past three years, as a direct result of bitcoin adoption, we have seen
==== Physical Bitcoin Storage
((("storage", "physical bitcoin storage")))((("paper wallets")))((("wallets", "paper wallets")))Because most users are far more comfortable with physical security than information security, a very effective method for protecting bitcoin is to convert them into physical form. Bitcoin keys are nothing more than long numbers. This means that they can be stored in a physical form, such as printed on paper or etched on a metal coin. Securing the keys then becomes as simple as physically securing the printed copy of the bitcoin keys. A set of bitcoin keys that is printed on paper is called a "paper wallet," and there are many free tools that can be used to create them. I personally keep the vast majority of my bitcoin (99% or more) stored on paper wallets, encrypted with BIP-38, with multiple copies locked in safes. Keeping bitcoin offline is called _cold storage_ and it is one of the most effective security techniques. A cold storage system is one where the keys are generated on an offline system (one never connected to the internet) and stored offline either on paper or on digital media, such as a USB memory stick.
((("storage", "physical bitcoin storage")))((("paper wallets")))((("wallets", "paper wallets")))Because most users are far more comfortable with physical security than information security, a very effective method for protecting bitcoin is to convert them into physical form. Bitcoin keys are nothing more than long numbers. This means that they can be stored in a physical form, such as printed on paper or etched on a metal coin. Securing the keys then becomes as simple as physically securing the printed copy of the bitcoin keys. A set of bitcoin keys that is printed on paper is called a "paper wallet," and there are many free tools that can be used to create them. I personally keep the vast majority of my bitcoin (99% or more) stored on paper wallets, encrypted with BIP-38, with multiple copies locked in safes. ((("cold storage")))((("storage", "cold storage")))Keeping bitcoin offline is called _cold storage_ and it is one of the most effective security techniques. A cold storage system is one where the keys are generated on an offline system (one never connected to the internet) and stored offline either on paper or on digital media, such as a USB memory stick.
==== Hardware Wallets