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    Where to store your coins

    Feathercoin Discussion
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    • J
      jti8899 last edited by

      Not sure this doesn’t violate the forum conduct code, but I can’t stop laughing! Thanks for posting that
      ~//~

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      • A
        acpacheco last edited by

        It is somewhat risky storing your coins on exchanges, if they go out of business or get hacked, there’s no way to get your coins back. Why not store your coins on an external hard drive or a USB phumb stick. Make a backup of your wallet of your, so if your PC desires to spontaneously combust lol, you still have your wallet with your coins.

        There is an online wallet for feathercoin, it’s [url=http://www.cryptoknow.com]www.cryptoknow.com[/url] However like with exchanges you are trusting a third party to look after your coins, but I use cryptoknox myself, they are legit and have two factor authentification!

        If you are going to store your coins through exchanges, make sure you have two factor authentification set on the ones that offer it!

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        • K
          Kevlar Spammer last edited by

          [quote name=“jti8899” post=“46259” timestamp=“1387483756”]
          Not sure this doesn’t violate the forum conduct code
          [/quote]

          If that doesn’t I’m sure this will:

          [url=http://imgs.xkcd.com/comics/dreams.png]http://imgs.xkcd.com/comics/dreams.png[/url] (I’ll let you click on it yourself).

          But seriously, to answer your question:

          Exchanges get hacked all the time. The best place to store your coins is on a paper wallet: You can secure that like you would any other important document. Safety deposit boxes work well. It’s trivially simple to create multiple copies for redundancy to eliminate geographical hazards like natural disasters, and it requires no technology beyond a cellphone with a camera to retrieve the coins.

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          • E
            efeather last edited by

            AA+ :)

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            • ?
              A Former User last edited by

              [quote name=“Kevlar” post=“46277” timestamp=“1387485116”]

              But seriously, to answer your question:

              Exchanges get hacked all the time. The best place to store your coins is on a paper wallet: You can secure that like you would any other important document. Safety deposit boxes work well. It’s trivially simple to create multiple copies for redundancy to eliminate geographical hazards like natural disasters, and it requires no technology beyond a cellphone with a camera to retrieve the coins.
              [/quote]

              I agree completely but I don’t fully grasp the… analogy… XD

              hehehe…

              But seriously… Don’t keep your coins in exchanges… Learn how wallets work and hold your own. Get in the habit of backing up. Always keep your wallet encrypted.

              I’m yet to try out a paper wallet, but that’s what I’ll be doing soon.

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              • ?
                A Former User last edited by

                [quote name=“Kevlar” post=“46277” timestamp=“1387485116”]
                If that doesn’t I’m sure this will:
                [url=http://imgs.xkcd.com/comics/dreams.png]http://imgs.xkcd.com/comics/dreams.png[/url] (I’ll let you click on it yourself).
                [/quote]

                *High-Five*

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                • P
                  PL_CoinTrader last edited by

                  I use all possibilities but most coins are stored on several wallets on my PC/Laptop/Touchpad. I think a wallet on your computer is the safest way. I had never problems with viruses although I have a free anti-vrus program and I also had never data losts so I’m confident in storing my coins on my computer. Additionally I do always a backup, if the amount of my coins have changed a lot.

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                  • P
                    Pryderi Regular Member last edited by

                    Paper wallets are the safest, since only a robbery or fire will lead to a loss of your coins, which is less likely than a hacked exchange or crashed hardware.

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                    • D
                      Danlau Regular Member last edited by

                      I currently store my coins in my wallet on my PC. Its encrypted and backed up. I have heard much talk about a paper wallet however I have no idea how to get/create one. Could someone advise me on how this is done or point me in the direction where I can get this information?

                      Thanks in advance.

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                      • P
                        Pryderi Regular Member last edited by

                        [quote name=“Danlau” post=“46457” timestamp=“1387546718”]
                        I currently store my coins in my wallet on my PC. Its encrypted and backed up. I have heard much talk about a paper wallet however I have no idea how to get/create one. Could someone advise me on how this is done or point me in the direction where I can get this information?

                        Thanks in advance.
                        [/quote]

                        Yeah, there’s a guide for it, let me find it for you.

                        /edit [url=http://grow-feathercoin.blogspot.de/2013/12/prepare-feathercoin-christmas-present.html]http://grow-feathercoin.blogspot.de/2013/12/prepare-feathercoin-christmas-present.html[/url]

                        If you have any questions on the steps let me know.

                        /edit2 I see Pietjebel made it clear in the next post.

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                        • P
                          Pietjebel last edited by

                          Creating paper wallets are extremely easy. It’s so easy it feels very counter intuïtive.
                          Also paper wallet generators are created and maintained by people. People make mistakes. (Even the experienced programmers ;-))
                          So making a test paper wallet first is important!

                          So here the steps:
                          Go to featheraddress.org
                          Save the page to your desktop or somewhere else. Firefox File->save as. Chrome (control s)
                          To be sure disconnect your internet.
                          Open the locally saved page again. Firefox File->open. Chrome (control o)
                          Move your mouse for randomness
                          Print the address(es) on the first or second tab.
                          Towards those adresses you will send your coins. (this to me felt strange, you dont normally sent money to a non-existent bankaccount)
                          First test it out with a small amount of coins, and then see if you are able to import again !
                          On the client: help->console, # importprivkey privkeystring “label is optional” (I use a qr scanner app on my phone to get the private key, then send it by mail because could not find a proper free desktop scanner for ubuntu)

                          If this works send the rest of your coins to the different paper wallets, a paper wallet needs to be imported at once so dividing your coins to multiple paper wallets can be wise in case of huge price increases.
                          Don’t forget to print the wallet first, then send the coins to that wallet.

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                          • D
                            Danlau Regular Member last edited by

                            Thanks both, I shall give it a try. I take it there is no harm in having the paper wallet in addition to the one saved on my PC?

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                            • P
                              Pietjebel last edited by

                              [quote]
                              Thanks both, I shall give it a try. I take it there is no harm in having the paper wallet in addition to the one saved on my PC? [/quote]

                              Thats not possible, paper wallets cannot be on your pc (unless you want to save a printscreen of the paper wallet)
                              You can however dump the private-key(s) of your wallet(s) and print that to paper. In that case you have a paper backup of your private key and still have your coins on your client. You are still vulnarable to computerhacking(virsusses, trojans etc…) tough.

                              help->console
                              #dumpprivkey [walletaddress]

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                              • D
                                Danlau Regular Member last edited by

                                Ok, thanks for the clarification.

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                                • D
                                  DARKANGEL6415 Regular Member last edited by

                                  Hello i been away for some time form the forum, i was just wondering if anyone knows why cryptoknox is not working i have tried several times over past 2 months to log in always takes the password but i never get my 2fa code sent to my email

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                                  • D
                                    DARKANGEL6415 Regular Member last edited by

                                    2FA to email? I think you’re doing something wrong maybe…hmm… Best thing is to sent PM here on forums to Nutnut or UKMark.

                                    I will do that since my support ticket was never answered lol hope get better results on here lol ty

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