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The whole point of offline storage is to guard against the risk of whatever internet-connected device you use to store your keys getting compromised. If you ma
by teraflop 9y ago
The whole point of offline storage is to guard against the risk of whatever internet-connected device you use to store your keys getting compromised.
If you make a mistake or fall victim to an attack that lets someone steal the encrypted file containing your key, there's a good chance the attacker will also be able to install a keylogger and get your passphrase.
- Johnny555 9y agoIf he can run a keylogger on whatever computer you use to unlock your wallet, then it does it really matter whether you store it offline on USB stick in a safe or not.
- cloakandswagger 9y agoThat's where hardware wallets like Trezor or KeepKey come into play. Any transactions are signed on the device and sent back to the computer; your private keys never leave the device.
- babaganoosh89 9y agoThe way I do it, is have a bootable usb stick with a clean install of Tails OS that has all my crypto stuff. I also have a gpg encrypted seed file on my google drive as a backup with MFA turned on. I don't think offline storage is necessary as long as you're certain your system is clean, which a clean linux install helps.