3. How To Secure Sia Coin? (Best options in 2017)

How To Secure Sia Coin? (Best options in 2017)

  • S

    Hey all,

    What are the current options & methods for securing Sia Coin?

    Hardware wallets?
    Paper wallets?
    Cold storage?

    ....How's it done?

    Thanks

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  • M

    What do you need the coins for, i.e. do they need to stay online for your storage business, or you want to buy now and hold for 10+ years without touching them?

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  • S

    @maol I need some kind of cold storage solution for a long-term hold.

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  • M

    @Sage I'm not aware of any official or unofficial tools to improve the security of the wallet beyond the built-in encryption.

    Your best bet likely is old fashioned manual cold storage, where you store the wallet seed on an offline device (paper, or electronically such as password file on a USB stick), and only use it to recreate the wallet when you need it again.

    If Sia becomes popular enough there may be alternative wallets or solutions that facilitate the process, just like for BTC or ETH.

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