Choosing Wallet, Is this safe enough?

[bigLITTLE]

Unrelated story, A while ago (4 years ago), I read about Bitcoin somewhere on the Internet and it intrigued me. I decided to invest a small amount of money, but at the time our family wasn't at it's best shape. Things went south easily (fortunately, not in term of financially) and as a son it did change your perspective after family issues (you get what I mean), so, my family did not trust me over this Bitcoin thingy, in addition, they are simple people, really modest.

A week ago, after years and years no longer following the Bitcoin train whatsoever, it came to me again, twice. My cousin re-introcuded me to Bitcoin and a couple months later (the 1K USD spike) It's on the freaking TV! and the market cap... you get the feeling.

so I decided to follow the train again, I do not care if I already missed the train. Crypto currency will always be the end solution of the banking system, and I was a foolish for letting it go easily.

However, security will be always the concern. My computer is compromised, I read, I download all kind of stuff here, same goes to my smartphone.

Hardware Wallet
It's been a week and KeepKey stays out-of-stock, and the Bitcoin's trend is still going up (with math calculation, the value will double every 4.1 months, without the human variable). Japan implementation, the uncertainity of the Trump administration and et cetera. It grinds my brain off everyday. I need to do someting about it and waiting the KeepKey or other hardware wallet to be shipped here is out of the question (I live in Indonesia, somewhere next to the Singapore and the Philippine, and unfortunately people often know Bali and Singapore more rather than Indonesia, in short, it is quite isolated, some of the international shipping wont ship to Indonesia for some reason).

I am deciding to buy a local Raspberry Pi and tinkering it with Rasbian and Electrum as a offline cold storage.

Is it safe enough or the concept are the same with KeepKey, TREZOR? (I have not done much research about hardware wallet).

[bitkilo]

You can't go wrong with a Trezor, they have a great reputation for securing bitcoins and keeping your private keys offline.
If you want something different and cheaper then you can also have a look at the Ledger Nano S

One of our members Decoded created a great thread you may want to have a look at: Guide: Bitcoin wallets - What's the best for you?

[bigLITTLE]

You can't go wrong with a Trezor, they have a great reputation for securing bitcoins and keeping your private keys offline.
If you want something different and cheaper then you can also have a look at the Ledger Nano S

One of our members Decoded created a great thread you may want to have a look at: Guide: Bitcoin wallets - What's the best for you?

Umm, will hardware wallet lasts for 10 years without being used?

[bitkilo]

You can't go wrong with a Trezor, they have a great reputation for securing bitcoins and keeping your private keys offline.
If you want something different and cheaper then you can also have a look at the Ledger Nano S

One of our members Decoded created a great thread you may want to have a look at: Guide: Bitcoin wallets - What's the best for you?

Umm, will hardware wallet lasts for 10 years without being used?

I can't see why not, you may have to update it if anything in bitcoin changes but shouldn't be a problem.

[Rmcdermott927]

I have a Trezor and I highly recommend it. It's the perfect combination of simplicity and security.

[bigLITTLE]

You can't go wrong with a Trezor, they have a great reputation for securing bitcoins and keeping your private keys offline.
If you want something different and cheaper then you can also have a look at the Ledger Nano S

One of our members Decoded created a great thread you may want to have a look at: Guide: Bitcoin wallets - What's the best for you?

Umm, will hardware wallet lasts for 10 years without being used?

I can't see why not, you may have to update it if anything in bitcoin changes but shouldn't be a problem.

Sorry to bother you so much.
If it does not bother you so much.

As most of the Hardware Wallet's product out-of-stock (except Ledger Nano S, suprisingly at lower price but as Ledger Nano S (English) is not available in Hong Kong warehouse, shipping from an other warehouse may be more expensive. Total (excl. tax) 115.16 € with Shipping price 57.16 € is quite a dissapointment)

I am deciding to use Paper Wallet for a while before migrating to Hardware Wallet

Is it safe enough to use the Paper Wallet and can I import the private key generated/used by the same Paper Wallet into the Hardware Wallet? If so, how to do it safely? Is there any recovery phrase?

[bitkilo]

Umm, will hardware wallet lasts for 10 years without being used?

I can't see why not, you may have to update it if anything in bitcoin changes but shouldn't be a problem.

Sorry to bother you so much.
If it does not bother you so much.

As most of the Hardware Wallet's product out-of-stock (except Ledger Nano S, suprisingly at lower price but as Ledger Nano S (English) is not available in Hong Kong warehouse, shipping from an other warehouse may be more expensive. Total (excl. tax) 115.16 € with Shipping price 57.16 € is quite a dissapointment)

I am deciding to use Paper Wallet for a while before migrating to Hardware Wallet

Is it safe enough to use the Paper Wallet and can I import the private key generated/used by the same Paper Wallet into the Hardware Wallet? If so, how to do it safely? Is there any recovery phrase?

No problems, i am here to answer members questions

Paper wallet can be a great way to keep your bitcoins safe and offline but they are only safe if you create them correctly and store them in a safe place away from prying eyes.

Before getting started it would be a good idea to have a read of this link to familiarise yourself with the best way to create a safe paper wallet: https://en.bitcoin.it/wiki/Paper_wallet

You can create a paper wallet from our "tools" list here: https://tools.bitcoin.com/paper-wallet/
It would be best to save the page to your desktop or USB stick, disconnect from the internet and then generate your paper wallet.

[Neoclassical]

Hardware wallets all the way baby.

[bitkilo]

We have now released our very own Bitcoin.com wallet: https://www.bitcoin.com/choose-your-wal ... com-wallet
The forum thread for the wallet can be found here: topic29129.html

[rakesh889]

You can't go wrong with a Trezor, they have a great reputation for securing bitcoins and keeping your private keys offline.
If you want something different and cheaper then you can also have a look at the Ledger Nano S

One of our members Decoded created a great thread you may want to have a look at: Guide: Bitcoin wallets - What's the best for you?

Umm, will hardware wallet lasts for 10 years without being used?

Ya, they have a lifespan of 50 years.

[bitkilo]

You can't go wrong with a Trezor, they have a great reputation for securing bitcoins and keeping your private keys offline.
If you want something different and cheaper then you can also have a look at the Ledger Nano S

One of our members Decoded created a great thread you may want to have a look at: Guide: Bitcoin wallets - What's the best for you?

Umm, will hardware wallet lasts for 10 years without being used?

Ya, they have a lifespan of 50 years.

Why do you say only 50 years?
Is this stated by Trezor anywhere?

[OneChain]

With recent problems with Trezor, what do you think guys? Is it worth switching to Ledger?

[patrickcoin]

I always recommend hardware wallets to everyone safe for holding bitcoin. The best one you can go for Trezor!