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Is Cold Storage Possible Without Hardware Wallets?Do you know that you don’t need hardware wallets for cold storage?

I recently learned that you don’t need hardware wallets for cold storage. I was surprised to find out that you can use a paper wallet or even a USB drive to store your cryptocurrency. This is great news for those of us who don’t want to invest in a hardware wallet. Does anyone else have experience with cold storage methods that don’t involve hardware wallets? I’d love to hear your thoughts!

15 thoughts on “Is Cold Storage Possible Without Hardware Wallets?Do you know that you don’t need hardware wallets for cold storage?”

  1. As you predicted, I have no idea what I am doing

    On the other hand, this may be overkill if you don’t have a lot of money in crypto, but it can’t get any safer.

  2. If you don’t have a spare PC or laptop, something like a Raspberry Pi is a very nice “crypto computer” you’d never need to connect to the internet again after setup. It’s just a ARM PC (running a basic linux), so you need keyboard and mouse. Most should have that.

    What OP writes here is accurate and actually the most “cold” was to store crypto, but for that you are never allowed to connect the system to the internet. As soon as it’s online, you can’t know for certain the seed wasn’t stored in some temporary filed and could potentially be compromised.

  3. That’s … that’s quite a lot of details for ‘basic requirement’, don’t you think ?

    But nevertheless, thank you OP for the detailed explanation for those who want to master self-custody

  4. That’s the kind of needle in haystack posts I come here for, very good write up OP!
    I’m not confident enough to try it yet, but it’s a nice and detailed writeup!

  5. If you put your seed in the refrigerator does it become a cold storage? ( ͡° ͜ʖ ͡°)

    But seriously now, i took my seed and encrypted it into 3 usbs using AES-256 on a cold fresh install linux machine, then i hid then in 3 different locations to make sure i don’t get rekt by a natural disaster, i think i’m okay.

  6. A similar procedure is also explained by the BitBox team on their official site but for the average person is a lot better using a good hardware wallet, most of the people have troubles using a simple browser, I can’t imagine how difficult it must be the method described above.


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