_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 3 down vote favorite If you received lots of bitcoins, like 100, and you are not comfortable holding them in your personal blockchain wallet, is it preferable to move them and hold them in a paper wallet for safety reasons?paper-wallet coldstorage wallet-security up vote 0 down vote Generally, keeping a paper-wallet is safe as offline, it's unable to leak to the internet.Obviously, you need to keep it in a way that it won't be available to visitors as well.There are options to add a password to paper-wallets, which might help to deter casual discoverers.Previously unmentioned: You need to make sure that you create the paper wallet in a safe fashion!If your computer were already malware ridden when you create the paper-wallet obviously the paper-wallet wouldn't be a safe storage either.up vote 6 down vote Yes.

A paper wallet is basically nothing more than your private key on a piece of paper.For usability it is often represented as a QR code though.You can make copies of it, and store several of them in different places, or even store half of the key in one location and another half in another.ethereum mining linuxBitcoins are never in your wallet, paper or otherwise; they are just entries on the blockchain.ethereum krakenYour wallet contains only the private key to allow you to spend your entry on the blockchain.bitcoin pizza indexup vote 2 down vote Yes it is safe.bitcoin doge exchangeAnd to be extra safe have 2 copies of it at different locations to get back your bitcoins incase of a disastrer.bitcoin mining with i5

up vote 0 down vote It's safe, but I would suggest not let anyone know it's a paper wallet.And don't hide it in safes and all, because people won't usually even know it's a wallet in your home.Your Answer Sign up or log in Sign up using Google Sign up using Email and Password Post as a guest Name Email discard By posting your answer, you agree to the privacy policy and terms of service.ubuntu bitcoin setupBrowse other questions tagged paper-wallet coldstorage wallet-security or ask your own question.bitcoin distribution of wealthIn April 2012, the web site Betcoin lost 3,171 Bitcoins when someone hacked into three separate computers to rob the online gambling destination.litecoin block worthWith just a few mouse clicks, the thief made off with a load of digital currency that’s now worth close to $400,000.bitcoin добыча

But the money wasn’t exactly gone.After the heist, it sat for a year in a Bitcoin wallet, visible to the entire world, yet controlled only by the criminals.Then, this year, on March 15, the thief started to cash it out.He’d take small chunks of Bitcoins, known as “peels,” and move them from one wallet to the next.Eventually, about 375 Bitcoins (that’s $45,000 at today’s exchange rates) went to known Bitcoin exchanges such as Mt.Gox where they could be converted into U.S.Whoever pulled off the Betcoin heist hasn’t been caught, but once stolen Bitcoins pass into an exchange or they’re used in some other transaction, law enforcement has many ways of tracking down a culprit.You need to provide proof of identity to trade on Mt.Exchanges can also hand over information such as IP addresses and bank account numbers to investigators.The feds are still concerned about such thefts, and about Bitcoin’s role in money laundering and illicit commerce.Last year, a leaked FBI Intelligence Assessment warned that the private nature of the digital currency could make it hard for law enforcement to track criminals.

You don’t need any ID to create a Bitcoin wallet, but the Bitcoin network is built in a way that can make it awfully difficult for criminals to spend the digital currency once they steal it.Bitcoin is a bit of a paradox.It can be used nearly anonymously: any two people can easily set up brand new Bitcoin wallets, meet in a park, and exchange cash for Bitcoin.But at the same time, Bitcoin trades are public: all transactions are shared in a publicly available file called the Blockchain that’s posted to the Bitcoin peer-to-peer network.That public ledger makes it pretty tough for big-time criminals to launder money through the network.At least that’s what researchers at the University of California and George Mason University found when they studied the Bitcoin network by developing sophisticated tools to track how money was moving around it.The researchers argue that it’s often possible, when paired with current law enforcement tools, to learn a lot of information about people who are moving Bitcoins.

“Laundering money — moving around illicitly obtained Bitcoin at scale — seems very difficult,” says Sarah Meiklejohn, the University of California, San Diego, graduate student who co-authored the study, which is set to be presented at a technical conference in October.The feds don’t seem to realize this just yet.They want new ways to track criminals who are using Bitcoins.And that’s why the Bitcoin Foundation went to Washington on Monday, to explain itself before more than 50 representatives from agencies such as the Treasury Department, the Secret Service, and the Federal Bureau of Investigation.The Foundation — the group that oversees development of the core Bitcoin software — wants to see if it can come to an understanding with government authorities.While small-scale money laundering “seems quite possible,” admits Meiklejohn, the big fish — people who might want to move a million dollars through the network — will have problems.There simply aren’t enough places to exchange large amounts of money in an anonymous way.

“The money that’s moving around the system every day is just not enough to disguise large quantities of Bitcoin,” Meiklejohn notes.Any criminal who wanted to quickly unload a large number of Bitcoins would likely have to move it through a Bitcoin exchange at some point — and those exchange companies are working hard to stick to federal anti-money laundering regulations.Jerry Brito, senior research fellow at the Mercatus Center at George Mason University, believes the feds aren’t as far from grasping this as it may seem.He was at yesterday’s meeting in Washington, held at the Treasury Department, and he thinks that the Bitcoin Foundation “got a fair hearing, and people there were very interested and very tuned in.They asked a lot of good questions.I wouldn’t say it was hostile.” In theory, a law enforcement agency could even recover the Betcoin money — at least as it moved through legitimate exchanges.But Betcoin’s owner, who goes by the online nickname “Hippich,” isn’t optimistic.