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Anybody knows a good choice for a long-living bitcoin wallet software nowadays (cold-storage)? Currently I am considering Electrum but I have no idead if thats
by JepZ 9y ago
Anybody knows a good choice for a long-living bitcoin wallet software nowadays (cold-storage)?
Currently I am considering Electrum but I have no idead if thats a smart choice. I do not require a GUI, but it should be maintained for a while (so a large user base should help).
- StavrosK 9y agoThe wallet doesn't matter, as long as you have a BIP39-compatible seed (which you can generate with many utilities), any software (or hardware) wallet can be used.
- pault 9y agoAs far as I know the best option is still printing a newly created address and private key on archive quality paper and putting it in a bank safe deposit box. If you don't ever spend from that address the key should be safe. Best practice is to use an airgapped computer running a live CD so the key will never have been on a network. It should be easy to find tutorials on paper wallets. It's not user friendly for sure, but if you want to protect a large amount of Bitcoin it's the best option.
- andymal 9y agoLook into the Ledger Nano S. Supports each BTC chain, other cryptos, and is super easy to use IMO. Uses a seed to create the wallet so you can drop that in a safe deposit box and restore if anything ever happens to the hardware wallet. Edit: this is the hardware version of storing cryptocurrencies.