How To Securely Store Bitcoin Offline On A Paper Wallet Or USB Stick
How do you keep your bitcoins 100% safe and in your control? You keep your private keys in your control and take all your information offline.
The two easiest and least expensive ways to do this is to store your bitcoin on a paper wallet or can store your bitcoin on a USB stick.
This not only keeps you in control of your private keys, and therefore your bitcoin, but it is very secure because hackers can't hack a piece of paper or a USB stick.
The downside is if you lose your USB stick or paper wallet you will lose your bitcoin unless you made another copy and have it safe somewhere.
There's a saying that says,
Data does not exist unless it is in two places.
By having more than one copy of your wallet stored on different devices or offline you will not lose your bitcoin.
Here are two videos that will walk you through the process of how to create a paper wallet and how to store your bitcoin on a USB stick.
How To Make A Secure Encrypted Bitcoin Paper Wallet - TUTORIAL
How To Store Bitcoin On USB Stick - Guide
Follow the steps on each video and you will safely have your bitcoins stored offline and secure from hacking.
Hope you found this helpful and you're now better prepared to keeping control of your bitcoin before and after the Bitcion hardfork scheduled for August 1st, 2017.
If you would like to know more about what happens to your bitcoin during the hardfork read Are Your Bitcoin Safe After The Bitcoin Hard Fork - The Bitcoin Hard Fork Explained As Simple As Possible
My BTC is saved on paper wallets (stored in multiple places) and the private keys are encrypted. Safe and sound 😁
Hallelujah.
Valuable information..paper wallets are super secure!
Yes, they are.
i think paper wallet with multiple copies on glossy paper is your best shot
Why glossy paper?
Just in case water messes with it, wouldn't want to lose your bitcoins to water
Some people go so far as to engrave their Bitcoin address on steel plates.
Steel melts at around 1370 degrees C (2500°F)
The average house fire burns at a temperature of about 1,100 degrees Fahrenheit, which isn't hot enough to destroy most metals and earthly-made substances. And if an item is well-placed and small in size, its chances of survival increase drastically.
or you can go totally hardcore and get a Bitcoin tattoo. That may be a bit creepy though, like a scene from The Book Of Revelations, but you'll never lose it.
Hahaha, try to read it after 70 though!
Right? I wonder if it really works.
i like the one with the metal plating and the tattoo looks cool thanks for sharing
I wouldn't ever get a tattoo like that.
Awesome, @luzcypher! Thank you for sharing the videos. I have lots 'o learning to do :)
One of the best advocates for Bitcoin is Andreas Antonopoulos. He's a genius and articulates clearly what blockchain is and how it is fundamentally going to change the world just like the internet did.
Thanks! I'll give it a watch (probably a few times)
Andreas Antonopoulos is one of the best for explaining bitcoin to people
In addition to learning about crypto in general, I'm trying to figure out which accounts I need to set-up in order to put money into and out of SteemIt. Coinbase is out for me because I'm in Mexico :(
Check out Bitso. Here's the English version
https://bitso.com/?l=en
Thanks for the information, very useful
You're welcome
Microchip under the skin?
You won't get me to do that. Creepy. Or this:
This is so useful! Thank you!
You're welcome. How's it going Maxy?
Thanks for these pointers, I am upvoting so I don't lose the link
STEEM On!!
Thanks for the upvote. Upvoting will not save links for you but a Resteem will just so you know.
Just started learning on cryptocurrency and this is helpful. Thanks a lot.