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I want to be able to secure my NXT in cold storage. What are some ways of doing this?
Since NXT is only accessible via a brain wallet, I can just store the passphrase on a paper, but what if I wanted to see it as a watch-only address? Is that even possible?
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It is possible, but quite more difficult than with Bitcoin.
All NXT tokens/coins are stored on the network, but it is possible to create an account "offline" that is secured by a 256-bit public key and does not expose your private key to the network.
There is a step-by-step tutorial on the NXT-Forum.
so your saying you can just generate an address with an offline computer even though the blockchain isnt even downloaded? but dont you have to go online to send a transaction in order to secure it better with 256bit encryption? – Patoshi パトシ – 2014-07-01T19:24:23.797
I'm no expert in nxt but the tutoria seems pretty decent so try it out ;) – Dennis Kriechel – 2014-07-02T04:16:02.007