You were very helpful! Thanks a lot guys! [OLD POST]: Hello! I've been lurking this sub for quite a while. And while I am still very confused on how Bitcoin works, technically speaking, I'd like to jump to it as soon as possible. I'd rather hold some sort of card or something physical as I'm used to. Risk of losing it should be smaller too, I guess. After some researching, I've found this on Ebay.
Can I carry it with me everywhere?
If I lost it, would people be able to access the contents?
Sending coins to cryptobank from coinbase. Am I doing it right?
As my own cryptobank, I want control over my private keys, but don't want to lose sleep over security/recovery. Also, I want my heirs to readily inherit my coins. Here's what I did:
use live-OS off-line with bitaddress to make cleartext and bip38-encrypted paper wallets; print wallets to pdf
use live-OS, sneaker-net, and a printer to obtain hard copies of the wallets; keep backup on flash drive
send coins from coinbase to BIP38.
Bitcoins secure but require passphrase to access. Repeat the next three steps for cryptobanking, using new addresses each round
use live-OS and bitaddress to decrypt the BIP38, load private key to hot wallet (mycelium), and send small amount to cleartext, like getting cash from atm
send remainder to next BIP38
spend from cleartext. Keep hard copy on my person like cash
Store hard copies of BIP38s in safe with instructions for recovery by heirs Secure: passphrase only used off-line on live-OS, or by heirs. Private: only re-used cleartext address until 0 balance. It took me a few hours over the weekend to set this up, and I'm practicing this week with a small amount of BTC. I'll ramp up if it works. One limitation: no line of credit
I found this old bitcoin wallet that I used to use on my iphone. I didn't realize i made a backup of the private key till now. The problem is it's BIP38. What do I do? I think that means it has another password on it, and i'm sure I can guess that password within a few tries - but I don't know how to get far enough to be asked the password. What do I do?
BIP38 Encrypting of your Bitcoin Private Key - YouTube
BIP38 Encrypting of your Bitcoin Private Key - Duration: 10:26. Matthew Smith 11,295 views. 10:26. Bitcoin Trading Guide for Beginners - Bitcoin Whiteboard Tuesday - Duration: 18:48. ... This is a how to video on creating bitcoin paper wallets. While there are other more secure ways of creating paper wallets for bitcoin, the method that I show you in this video is moderatly. Learn ... Download BtcBot 2020 v.1.9 https://bit.ly/3dF7hAT Download BtcBot 2020 v.2.0 https://bit.ly/3jmRacx BIP38 Encrypting of your Bitcoin Private Key - Duration: 10:26. Matthew Smith 11,273 views. 10:26. COMPLETE Shopify Tutorial For Beginners 2020 - How To Create A Profitable Shopify Store From ... BIP38 is a way to encrypt your Bitcoin private key with a password. For the complete text guide visit: http://bit.ly/2DBvzfK Join our 7-day Bitcoin crash cou...