is this safe cold storage? : Bitcoin

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]

Setting up cold storage in Armory on Ubuntu 14.04 How to install Bitkey on a USB stick and Overview  The Bitcoin Swiss Army Knife. How to use an Ubuntu Live CD How to Boot Linux Ubuntu Live CD - YouTube Bitcoin Armory Walk Through

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Setting up cold storage in Armory on Ubuntu 14.04

dash wallet on ubuntu 14.04 live cd - 32bit. This feature is not available right now. Please try again later. This video tutorial will demonstrate the booting of a Linux Ubuntu live CD. Linux Live Disks allow the user to try Ubuntu without changing anything on your h... 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 ... The basic desktop install for Ubuntu 5.10 as it was years ago. Released on 20.10.2005 Support ended on 30.4.2007 I'm going to do a demo of Bitcoin Armory basic functionality and answer questions from a new user.

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