Last updated on October 13th, 2017 at 11:40 pm
How do I build a cold storage wallet to transfer my bitcoins from my exchange web wallet?
Did my response later in this thread answer your question? Let me know how it goes with BitKey, if you decide to use it… It’s somewhat complicated but should offer the best possible security, besides a hardware wallet.
Hi Harvey, we have gathered the best Bitcoin wallets on the market into one article, a couple of them also has reviews. Check them out and choose one which suits your needs the best.
I had already viewed that article. It tells me the types of wallets.
It does not tell me how create the storage wallet.
How do I get the password and wallet address so I can transfer bitcoins from the exchange web wallet to the new wallet. I intend to store the wallet on a thumb drive stored in a bank vault.
It’s always a good idea to store your bitcoins securely. However, if you’re relatively new to Bitcoin, I would tend to recommend a hardware wallet over creating your own cold storage wallet. A hardware wallet will make the process easier and more secure, and they’re available for under $100.
We have a review of the two most popular options in hardware wallets here:
If you wish to go the cold wallet route, the “offically” recommended method is to boot from the BitKey Live CD / USB Debian distro on an airgapped computer, which has never been and will never be connected to the internet or any other devices.
I suggest you then download BitKey and follow the “cold-offline” guide on their site: