Hey all, what’s the current options or securing MAID? Hardware wallets? Paper wallets? Cold storage computer? Please get me up to speed. Thanks

[image] happybeing: Signing a transaction for a paper wallet normally makes the wallet insecure because there is a risk that the private key was compromised by exposing it on the machine used to broadcast the transaction on the Internet, so once used any coins remaining at the address should imm…

I did mention that paper wallets should be ‘once only’ :wink: but I think your point about how to manage them is also worth noting. Depends on the expected use though.

[image] BIGbtc: so once used any coins remaining at the address should immediately I read from this part that it wasn’t a complete sweep. “Coins remaining” . But it was an excellent summary.,!!!

I’m quoting from my reply. Sorry. Let me be clear with my point on paperwallet. There should not be spending from a paper wallet. Only a sweep of the entire contents to a Hot-Wallet. Then do not reuse paper wallet. And do not ever throw away a used paper wallet. Things happen and it could one day e…

[image] happybeing: My questions were about equivalent software wallets not paper wallets Oops, sorry [image] happybeing: (so you transfer signed transactions from the isolated /offline machine to the online machine using a USB stick). I think that the signed transaction can be displa…

Another thing about hardware wallets is that they should be backed up with cryptosteel , otherwise you could lose access to the funds in case of hardware failure.

If you want to store a private key in WIF or WIFC format ( Binary-to-text encoding - Wikipedia , 51 or 52 characters long), you better not order a Cryptosteel MNEMONIC (where your url is linked to), but a ANYKEY or MIX. You also need numbers, not only letters…

Yeah, the Cryptosteel MNEMONIC is for BIP39 mnemonic codes and that’s what the Ledger Nano S uses for backup at least. Cryptosteel MIX is best if you may want to use it for multiple things.

[image] Runswick: One irony with discussing this is that the more information an individual gives away about their approach, the less secure they become. But it can help others to become more secure… That is such a hilarious and underrated point. Luckily, it seems like projects like this are …

Cold Storage Options for MAID in 2017?

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happybeing June 10, 2017, 8:43pm 54

Thanks @Runswick (yes, sorry I didn’t notice those!) and @drehb. I shall edit for both

Create secure address with dices to store Maidsafe coins on a paper wallet

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Cold Storage Options for MAID in 2017?

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