Hacker News new | ask | show | jobs
by DoodleBuggy 3121 days ago
> If you're storing your coins on Coinbase, you're doing it wrong. Get your coins under your control.

And what if you lose the USB key, hard drive, etc or it becomes damaged? Oops.

Secure and reliable storage is a problem that must be solved.

2 comments

Hardware wallets work by giving you a 24 word seed to recover it if lost, stolen, or broken.

People store them in safety deposit boxes or do a variety of security rituals to keep them safe. It's not as difficult as you make it out to be.

just encrypt your btc keys with another secret key(symmetric key e.g. aes, blowfish or something else). Store them on different cloud providers, encrypted btc keys on google drive and the other secret key (password protect it) then store it on one drive or icloud or private repository on github. The hacker must hack both sites to take your keys(very unlikely to succeed) and they are both securely stored online. Also make sure you're not using the same password for both sites :)
The attacker only has to hack your email account then reset the password on the two target sites...
And then all they have is an encrypted file assuming good password hygiene.
So then why not just email the keys to yourself and leave them in your inbox?