How to Store Bitcoin Offline in Cold Storage

                                             How to Store Bitcoin Offline in Cold Storage

Bitcoin can be stored by using an online wallet that allows you to immediately transfer money in and out of the wallet. Bitcoins can turn into alternative cryptocurrencies such as Monero, Ethereum, Litecoin, and others. The safest option is ‘Cold Storage’ that helps to store your Bitcoins offline away from any Internet access. 

Steps to set up cold storage for you Bitcoin Wallet- 

1. PAPER WALLET- Paper, and a Printer helps you to take your bitcoins offline. The website allows you to create an offline Bitcoin address, such as Bitcoin.com or Bitaddress.org. 

    Steps to create a Bitcoin Paper Wallet- 

• Switch to the Bitcoin.com Paper Wallet or the Bitaddress.org page. 

• Now save the page to your HTML file.

• Then remove the page, and off your internet connection.

• Open the saved local version of Bitcoin.com paper wallet or Bitaddress.org. 

• Go with the instructions to create a new Bitcoin Address.

• With a pair of keys, and QR codes, and print the page. Disconnect the printer with internet connection for added security. 

• Use the new public address QR code to transfer Bitcoins from another online wallet. 

2. BITKEY- Bitkey works as a free bootable Linux distro. It can run live from a computer's memory(RAM) that allows you to eject the drivedisc once it’s running. Download it from Electrum Bitcoin Client, WarpWallet, and others. It offers a built-in network, printer, and wireless managers for different purposes. 

    Steps to create a bootable USBCD with Bitkey-

• Switch to the BitKey website to download the OS image. 

• Tap on the Download button, and get the 64bit version.

• Select either USB, and CD-ROM. 

• Burn a CD or use a utility such as UNetbootin to write the BitKey ISO to a USB drive. 

• Boot into BitKey with the help of the computer's advanced boot function. 

3. WARP WALLET- Warp Wallet needs a brain wallet that generates an address by using a memorized passphrase. Owing to the complexity, and secure nature of this method, it’s been described as how Jason Bourne Stores his Bitcoin. 

    Steps to get started on WarpWallet- 

• Switch to the WarpWallet website, and make note of the SHA-256 sum in the URL.

• Save the page locally to your computer as an HTML file, and transfer it to a USB drive.

• Boot up a bootable Linux distro, such as BitKey from above.

• Copy the HTML file over to Bitkey.

• Open sha256sum warp.html to verify the SHA-256 sum matches the one from step 1.

• Move to HTML file as a local file in Chromefirefox.

• Now allows a passphrase that works on an entropy algorithm, such as One Shall Pass. 

• Select the passphrase in the HTML file, and your email address as “salt”.

• Now scan the QR code, and transfer to a device with the Internet.

• Shut down Bitkey. 

FREQUENTLY ASKED QUESTIONS-

• How do you store crypto in cold storage?

• STEPS

• Store the bulk of your crypto in a cold wallet since that’s the most secure option.

• Use a hot wallet for smaller amounts of crypto that you want available for trading.

• Physically record the recovery phrases for your crypto wallets. 

• How cold can you store Bitcoin?

• Cold storage refers to the various non-digital, physical methods of holding Bitcoin cryptocurrency tokens of the internet. Even though cryptocurrency is digital currency, users can still go through these physical methods to store the important information they need to access, and trade the coins that they do own. 

• How to create a secure ‘cold storage’ Bitcoin wallet?

• STEPS

• Create Bitkey Installer.

• Remove, and insert USB keys.

• Set up your cold wallet.

• Export payment address, and public key.

• Create a wallet.

• Create a transaction.

• Sign transaction.

• Broadcast transaction. 

• What is the best cold wallet?

• The Best Cold Wallets are as follows- 

• Ledger Nano X

• Trezor Model T

• CoolWallet Pro

• KeepKey

• Ellipal

• Safepal

• SecuX

• Keystone

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