14 Nov '12, 6am

Best way to safely host a high volume online transactional wallet?: I am looking at starting a business that wil...

I am looking at starting a business that will send and receive a large amount Bitcoins in a semi automated manner using API's. I was wondering what is the best way to do do this in a secure way to limit my exposure to hacking? My initial thoughts are as follows: 1) Clearing Wallet: have a clearing wallet that holds say 10% over my expected daily amount of bitcoins that will be used for sending and receiving bitcoins. Any time this wallet contains more than my 10% configured amount, a bot will move the excess bitcoins to another offline wallet. This wallet will be backed up on 3 USB drives using double encryption and be hosted at blockchain.info (two factor authentication will be used to access this wallet at blockchain.info) 2) Emergency Paper Wallet: This is a paper wallet and will be used to hold an additional days worth of bitcoins. If for any reason I need to top up my...

Full article: http://bitcoin.stackexchange.com/questions/5347/best-way-...

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