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Originally Posted by EchoedTruth
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OK so I'm a Bitcoin newbie, and I have a couple questions: 1. From what I can gather, I should use an offline wallet to store most of my bitcoins, and keep what I want to trade in an online exchange, i.e. Mt. Gox. - My question is - What is the best offline wallet to use, and is Mt. Gox good for keeping trade money in?Thanks!
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An offline wallet is the most secure way to store your coins. Just keep in mind that your system may have a trojan / virus / etc. that could compromise your wallet. The best way to store your wallet is on media that is NOT connected to the Internet with multiple backups. In addition, it should be encrypted. TrueCrypt is a good encryption program.
As for keeping money or coins in Mt. Gox, make SURE you use the Google Authenticator on your account. The 2-step authentication is the best way to ensure your account is secure from hackers. In addition, check out BitStamp.net -- their customer service is 100x better than Mt. Gox right now, and their site is more user friendly.
Quote:
Originally Posted by EchoedTruth
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2. I have read of people losing their offline wallets to drive crashes, reformats, etc... could I keep my offline wallet in my google cloud drive?
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I think storing copies in Google Drive, Gmail, Dropbox, etc. is good but only if they are encrypted with a secure password. Try TrueCrypt. I would NOT store a non-encrypted wallet online.