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To: palmer

OK, I somehow thought that you were making a copy of the Coinbase private key associated with your Coinbase account. Yes, “Bitaddress.org” is a “paper wallet” or stainless steel, etc. wallet, but is no better (or worse) than a new address generated by your Mycelium wallet. It is just cold/colder. It all depends if you plan to transact at all (send BTC to family/friends, etc.)...an offline “paper” wallet makes that harder for BTC “noobs”...there are ways around that with barcodes, etc.. If “cold convenience” is needed (Cold storage & able to do transactions) then a “Coldcard” is a great option.

Your method (personal offline “paper” or stainless steel word phrase wallet):

https://youtu.be/VTsHeiBhPIM?si=WTU5cvzIGB7Ks3dX

Coldcard method:

https://youtu.be/FAYmE5-40PQ?si=cTau93Z-zDbZW1Su

https://coldcard.com

I guess it is just a matter of “different strokes for different folks”...thanks for emphasizing the “paper wallet” cold storage method. I am more of an “air-gapped” HW wallet person (Coldcard).

I guess the Bitaddress.org/paper/metal option could be considered the safest cold storage method...no “electronic” access to your private key.


64 posted on 06/17/2024 6:55:47 PM PDT by Drago
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To: Drago
Thanks for that info about other options Frankly I am behind on tech because I started with paper wallets in 2016 and never switched to anything new. I have some originals in my safe and some people have my paper wallets in their safes (I gave them my word that I didn't copy their private key).

Those were the good old days.

66 posted on 06/18/2024 7:25:08 AM PDT by palmer (Democracy Dies Six Ways from Sunday)
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