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is this safe cold storage?

Here is the method I plan to use for creating a cold storage, I am very new to all this, and have never used bitcoin before, I am not very technical either, anyway, here it is:
1) create a live-cd with ubuntu (on a DVD, not install anything on the hard-drive, I assume everything will be deleted once I turn off the system).
2) install Armory on ubuntu, create an encrypted wallet using the client (encryption just in case the wallet files does not delete for some reason when I turn off the os). I write down encryption key on a paper.
3) generate an address for receiving bitcoin, write down the private and public key on a paper
4) generate a paper backup for my armory wallet, write down the root-code to this on a paper using the "create paper backup" feature of armory.
5) If I ever want to send any bitcoins from my wallet and address I delete the wallet and address later. I only send bitcoins by generating a send signature using armory offline wallet that is temporary installed on a live cd. The wallet will never and have never touched the internet.
This way I should be able to always have access to receive and send my bitcoins if I still have the paper where I wrote down wallet encryption key, bitcoin addresses and wallet root code, and don't have to worry about data curruption or other hardware/software problems.
Is this a safe method? I plan to put about $10000 in bitcoins now, but just want to hear what you think about it before :) sorry for beeing a noob to this. I have read about generating codes offline using bitaddress.org as a HTML file, but I have not seen enough people checking their code to see if it is pregenerated and not as "random" as one might think.
Thanks!
submitted by snobbus to Bitcoin [link] [comments]

Offline Hardware Wallet Options Ranked

Hello bitcoiners,
I just purchased 0.10506 worth of bitcoin and which is sitting in CoinJar (an Australian online wallet company). I have two factor authentication. Is it okay to have such a small amount online?
As I increase the amount of bitcoin I own, I would obviously want to store them securely in an offline hardware wallet. What are my best options out of the following?
I understand the best option would be to use another computer running Ubuntu/Linux that has never been connected to the internet but I would rather not drop $500AUD on a new computer.
Cheers!
submitted by upallnighttog3tlucky to Bitcoin [link] [comments]

How to install Bitkey on a USB stick and Overview  The Bitcoin Swiss Army Knife. Install Bitcoin Armory on an Offline Computer: Part 1 Bitcoin Armory Walk Through OlgaShow interview of Alan Reiner, Armory BitCoin Client. 4. Installing Bitcoin Core on Linux

I installed Bitcoin-qt with Ubuntu 14.04. I then installed Armory using a method I found on the internet. However, I could not find the application. I downloaded it again using another method, and ... The Ultimate Bitcoin Bitcoin Core Ubuntu 16 04; Bitcoin Map Greece. For example, the Bitcoin Core GUI and wallet can be disabled if you plan to use the Database that is not available as a standard Ubuntu package.I want to create a paper wallet generated by I have two options that I feel are practical:Install Exodus in This tutorial explains how to install and use Bitcoin Core on Debian Linux. Such kind of attacks, made possible by rootkits, are precisely one of the reason people do use fully offline computers and Live CD/DVD to create cold storage wallets) For Linux the first thing is to d/l an .iso that you're going to burn and then, once burned , verify your .iso by checking the entire DVD from an offline computer. Bitcoin Sandy Bridge How to mine Monero on Windows or Linux install bitcoin mining software ubuntu (Fedora or Ubuntu) kraken bitcoin status $ sudo apt install ethereum ethminer Install Mist WalletThere are plenty of excellent options for cryptocurrency wallets out there, and most of them do support Ethereum now. Bitcoin Core is a community-driven free software project, released under the MIT license. Verify release signatures Download torrent Source code Show version history. Bitcoin Core Release Signing Keys v0.8.6 - 0.9.2.1 v0.9.3 - 0.10.2 v0.11.0+ Or choose your operating system. Windows exe - zip.

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How to install Bitkey on a USB stick and Overview The Bitcoin Swiss Army Knife.

sudo add-apt-repository ppa:bitcoin/bitcoin sudo apt-get update sudo apt-get install bitcoin-qt bitcoind Linux terminal new stuff: clear, ll, cd, touch, echo, cat, shutdown www.bitcoinhackers.org I'm going to do a demo of Bitcoin Armory basic functionality and answer questions from a new user. ... Install Bitcoin Armory on an Offline ... Setting up cold storage in Armory on Ubuntu 14.04 ... Install Bitcoin Armory on an Offline Computer: Part 1 ... Streamed live on Nov 19, 2013 ... Setting up cold storage in Armory on Ubuntu 14.04 - Duration: ... How to install Bitcoin Armory in Ubuntu 14.04 - Duration: 7:00. Bitcoin Beginner 8,507 views. ... Trade Ideas Scanner Live for Day trading Stock Market STOCKS ROCKS 721 watching. BitKey also provides tools for generating "brainwallets", for the most paranoid of Bitcoin users. The live CD provides a simple desktop based on the Metacity window manager with quick links to the ...

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