Bitcoin Forum

Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

Two should be enough in my opinion. One of storing and one for recovering in case something happens to the first device.

Don't use wallets like Jaxx and Exodus, they are not open source, you never know what's going behind the scenes and If they have access to your funds or not.

Store everything in one device, write the seed down in multiple pieces of papers and hide them in different locations. If the hardware wallet gets lose or damaged, you could use the seed to recover your coins.

One wallet is enough just make sure that the codes or passphrase is secure.
If you lose your hardware wallet you could recover the wallet using the passphrase.
So for me one hardware wallet is enough for all of it.
Using plenty of wallet could be confusing and if you couldn't use one wallet properly then using multiple would have the same result.

One or two would be enough as long as you could handle it responsibly. You should be mindful of your private keys and must store it in a safer place. It depends on how you secure it knowing you're holding your own funds at your own risk.

i think 2 wallets will be good. 1 Wallet will act as a cold wallet so you can store/hodl your coins for a long time and the other 1 will act as a hot wallet which you can use it for everyday use

You should have a back-up of your wallet seed in case of hardware failure. You should never depend solely on one device. Consider keeping a copy of your seed written down on a piece of paper and hidden. Also consider keeping an encrypted copy in another physical location (like a safety deposit box or your parent's house) in case your house burns down.


I would avoid using closed source wallets like Jaxx or Exodus. I recommend Electrum and Bitcoin Core.

You might consider using multiple security models. An encrypted cold storage wallet.dat here, an encrypted cold storage Electrum wallet there. Multiple copies on different mediums (USB, disc, SSD) in case of hardware failure. Maybe a paper wallet. You never know what vulnerabilities might be discovered later -- best to spread around your risk to different models.

1 wallet would be enough as long as you secure the pass phrase, keep it safely offline you can recover your wallet using the passphrase on a different hardware device.

All the methods are well explained here: https://en.bitcoin.it/wiki/Cold_storage There is always some risk and I don't know if there is really a best method on how to do it but you can take a lot of preventive measures. I personally have been using paper wallets for some time but I stopped using them because it's not a very reliable method of safely storing your bitcoins, way too many bad things can happen to it.

Yes.That is safer.Always remember don't put all your eggs on one basket.If something something happens you lost everything.If you keep them in separate basket or place.Always use more hardware than online one.One accounts are easily got hacked by the hackers.Hardware wallet is the best thing .Put them in different locations and save that.You don't need laptops wallets.Hardware wallets are enough for you.

the only way to safely store your bitcoins is a hardware wallet such as ledger nano or trezor, according to me the paper wallets are less secure

Okay thanks a lot for all your input. I already have bought a ledger nano and will start using it.

Writing the seed phrase on multiple different pieces of paper seems a good idea. If one gets stolen the thief still cannot access my coins. However, the downside is that if I lose 1 of the 4 parts of my phrase seed, I no longer have the complete phrase and it basically means I have lost the whole phrase.
Maybe, to tackle that problem the best solution would be write the phrase on 2 pieces of paper....divide them up into 4 parts each so I have 8 pieces of paper...1A,1B,1C,1D,2A,2B,2C and 2D and then store them all in separate locations. Would that be the best solution?

In my opinion, getting more than one hardware wallet is unnecessary. You just need to make sure your passphrase is secure and you are good to go

If one wishes to keep such amount of bitcoin safe, a single hardware wallet is OK provided the recovery phrase is kept in a place where it will be safe and accessible. You can also go with the suggestion given by a user above I.e storing writing out the phrase on numerous piece of paper and keeping them in different location.

I think 2 hardware wallets will be enough, just in case something happen with first hardware wallet and can't turn on you have second one just in case, and always backup your passphrase and write it down multiple times and store them on different location if possible but make sure no one will access it and steal your coins. If God Forbid! house burn make sure you have the passphrase saved on another place before because without it and without hardware wallet you can't acces your coins anymore.

Or you could just write down the seed phrase in reverse or any order that you can easily remember and then store it in different safe locations. Even if someone accidentally discovers your seed phrase, they cannot use it because the order is mixed up.

I think it is not right thing to keep big amounts of BTC in a wallet. If I have a big amount BTC, I definitely use several wallets. Mostly paper wallet. I prefer paper wallets because I can't trust completely hardware ones. It seems unsecure for me.

No. as long as you have the seeds, you are still good because you can recover that afterwards. The hardware wallet might get burned but you still have ways to recover it through your written seeds. So, you just won't keep the hardware wallet alone but you have to protect also your written seeds in some ways.

What I did, I just wrote those seeds altogether and back them up with other written seeds. I place the other one on a safe place that only I knows. While the other one, it's always with me.

It is a good idea that you have chosen to store your bitcoins on a hardware wallet but i dont think getting numerous hardware wallets is the important thing. Choose a good and secured hardware wallet and also make sure to store your seed words at a safe place. Don't forget to back up at several places both in the house and somewhere else. That way in case there is any accident like fires you funds would be safe since you can recover it at anytime.

Generate multiple seeds and store those offline where the biggest amount takes the biggest effort to retrieve. 

I would do the same. I don't trust hardware wallets that much and would rather have the seed engraved on a metal plate and stored somewhere in the house. Even if there's a fire it won't be able to destroy your metal seed but it will burn a hardware wallet making it impossible to use.

Don't worry about thieves as long as you don't tell people that you're holding bitcoin. Thieves are interested in money and valuables. They will rather steal your hardware wallet if they find it because they'll be able to sell it and won't look around the house for a piece of engraved metal.

Having lots of wallets would really be just a stressful thing yet I would prefer on using up 2 wallets and same as other member said here that 1 is for long term and one if for active wallet. if you do plan to store 15 btc on hardware then use up LEdger and write the keys either on a usb or in some piece of paper that no other
can able to access or sees through it.As long those keys are safe you wouldn't mind too much if your hardware wallet would be lost or burned since you can still make some recovery.

The safety of your Bitcoin in your wallet solely depends on you the user and owner of the wallet. Using more than one wallets to store your Bitcoins does not strongly guarantee that the coins are safe and free from either getting lost or stolen. Personally, I will advise that you use one hardware wallet and keep the restoring backup very safe.  

avoid saving your assets in the wallet exchange, if you want to save in an exchange wallet, you must save in a large exchange and use security.  or you can use javvy wallet, arax wallet, samourai, and more secure you can use hard wallet.

For me it is good to use at two of the latest with more advanced security hardware wallet like Nano ledger x and nano s. And for the security it is good to spread the security word on any pieces of paper and keep it on different book to assure that those security words are safe for recovering you wallet again. But it is always better to remember your security identify as hard as you can because if ever someone accidentally find your security identify they could not easily get your wallet. 

Sell bitcoins and buy Gold. Simple. Gold is safest investment.

Saving Bitcoin with that amount should use one hardware wallet and one wallet to be used every day like a hot wallet. Wherever you store a Bitcoin it's better if you copy the seed then save it in a safe place this is to avoid if your laptop is damaged or lost. For hot wallet, it's best not to save too much bitcoin because the use of this wallet is very vulnerable to hacking. It might save 20-30% in the hot wallet if you don't spend money on Bitcoin too often.

there is not that much issue with trusting hardware wallets since most of their firmware is already open source but there still is room for concern. i personally will never use hardware wallets because i believe people shouldn't pay for a bitcoin wallet since they can make a secure one themselves if they put enough time into it. and if you have a lot of money at stake you should spend time learning how to do it anyways.

Store in your personal wallet. And keep your private key in a secret folder so no one knows it. For safer you can save in Wallet ledger. Because the hardware wallet is very secure.

Use a wallet that has devices, it will make yourself able to safeguard assets more safely.
Avoiding networks can make our assets avoid crime. Believe that when we store assets in large quantities we must make special treatment.
Avoid all access that is easy to guess so we will feel calm and comfortable.

Some comments above has been enough to give you understanding how to store your bitcoin and I don't think about security you will do it. Each person has ability to make sure that the security thing is an important thing when they are store the assets. But seems like there are  other people who still ignore these way and he believes that he is the only person who knows to access the his wallet. Whilst the system is not perpect, there are still a person who will try to broke your security and make your assets stolen. So, I'll just give a little suggestion, if you know your asset is everything for you then you should know everything about the hardware wallet, find ins and out about the hardware wallet and make sure you have done everything in detail to make your wallet safe. Also, if you have a huge amount of bitcoin don't try to store your bitcoin on exchange wallet, it's really not safe.

If i were you used your btc wisely make at least 4 or 5 wallets for security purposes, and some of it use it to earn more by doing some trading to increase your profit, or used your BTC in some legal investment or create or start your own business, used it to gain more, for your future.

I think it's better to use one hardware wallet because it's more convenient and less hassle, spreading it out on different wallet will just confuse you. Just make sure to keep the private key and seed phrase in a paper wallet and also engrave it in a metal and keep it in a vault so that incase of fire you will still have a way to access your wallet.

don't put everything on a hardware wallet. you should never put all your eggs in one basket. last i checked, ledger and keepkey (not sure about trezor) have partially closed source firmware. plus, i'm still of the opinion that the attack surface of hardware wallets is relatively unknown/untested.

i would generate multiple offline wallets (bitcoin core is best) so not all my coins are kept in one place, encrypt them, and store them (keeping multiple copies of each) on general purpose hardware like generic USB sticks.

that's the other thing i hate about hardware wallets.....they scream "i have crypto, steal me!"

If you have 15 bitcoin righr now and you want to seperate to different kinds of wallet you can also use mobile wallet but make sure it is very secure like using 2FA to your gmal account and also set notification to your mobile phone for accessing your wallet only.

That is huge amount of bitcoin and you will need to choose best wallet for every 5 bitcoin keep to not stole by the other people or by the hacker.

Don't keep all eggs in one basket so divide your coins in multiple wallets. This is the way how you can diminish the risk. Also, use hardware wallets they are still the most secure but it would be also good to combine them with offline wallets. And store your access data somwhere at really safe place where no one else could have the access.

I am not to fond of hardware wallets for long-term storage, because they constantly need firmware upgrades and some of these upgrades can be tricky, like we saw with Ledger a while ago.  ::)  <Devices can also fail, it is a clever toaster>  ::)

I like to store large amounts on laminated Paper wallets and I make sure I make several copies and store them in different locations. I bought a cheap computer and printer and I printed 1000s of paper wallets and then destroyed the equipment, so nobody would ever be able to recover anything from those devices.  ;)

Personally, I think it is not wise to divide 24 seed words on so many small pieces, after some time it is very easy to forget correct order of such backup. If you want extra security just divide seed in two parts, keep one backup (12+12 words) at your place, and other in some other place. More backup on one hand means greater security, but it is also a double-edged sword - which means more chances to someone accidentally or intentionally finds your backup.


I think that's the expression constantly is exaggerated, in 3 years Ledger is have only 4 firmware update, and the vast majority of problems occurred in people who have used or still use Windows 7, this OS in not supported by Ledger, but it is still supported by Trezor. It is true that such devices can fail, but because of that we have backup (seed words), which can be used in many other wallets (mobile,desktop) for recovery.

You can split 15 btc into 3 different hardware wallet, and in this case, I will choose Ledger S Nano or Ledger X Nano. Then for each wallet, you can send 4 btc, and you still have 3 btc left. And then you use the other wallet like Mycelium to save 2 btc and send 1 btc in the exchanges for trading, but that is only if you want to trade. But if it's not, you can save it in Mycelium and hold it for a long time.

For Mycelium wallet, you can buy 1 new mobile phone but don't insert any card to that phone and don't connect to the internet if you don't want to access the Mycelium. Remember to save all of the private keys for each wallet so if you lose one wallet or hardware wallet, and you can restore it into another hardware.

I confimed this alot !
My friend had pas incident when he put massive amount of bits on online wallet and suddenly, the fund was moving.
He forgot to unauthorised the website before try to log out !

the higher the number of time the seeds are written down and kept in multiple places, the greater the chance of losing the coin to third party. Holding such huge amount of money is like holding something that when you lose it you are going to lose your life. I have seen people keeping valuable assets in banks and other third-party. putting hardware wallet that contain such amount of money in bank is not a bad idea. Even if the owner died, I am sure his/her family will still have opportunity to make use of the asset. my own opinion though.

1. Never put large amounts in an online wallet or on an exchange. Those are frequently hacked or stolen. That is a very common way people lose huge amounts of BTC.

2. A local online wallet is great, but is only as great as the security on your PC.  If your computer is at home, is connected through a modern router, and you use mostly web based or Steam bought applications than your chance of being hacked is somewhere between zero and very remote. Multi-signature wallets can mitigate a lot of this by requiring that multiple devices sign the transaction. That means if your PC gets hacked, it can't spend money unless your phone or other device has also been hacked. Always be sure to encrypt local wallets, and make sure you have a good quality anti-virus program installed.

3. Hardware wallets are the most secure, but there is an added cost that may exceed the value they are providing. If, for example, someone keeps $10k in a (local) online wallet but has a .5% chance of being hacked, then the cost of the hardware wallet is greater than the amount they would expect to lose on average. At that point, a decision needs to be made whether it is better to self insure or to pay to buy that extra insurance.

4. An offline PC is also very secure, but there is always the risk it might be compromised locally and generating the transaction to spend money requires extra work to copy it off the offline storage.

5. Paper wallets are very insecure, since anyone who gets access to it can spend the money without passwords or any multi-factor authentication. I don't think people fully appreciate the risk they take when they put wallet words in obvious places; homes are robbed regularly, and crooks nowadays are savvy. I believe you're safer putting wallet words in an online location that is known to be highly secured, i.e. Google products, than in a desk drawer where even a family member who knows you are into crypto could drain your wallet.

You have only 10 to 15 btc and there are people who are storing 100 btc on a single wallet. You do not need to make things complicated. More the wallets, more the private keys and it will make every thing confusing. Just keep a single hardware wallet and keep the private keys in two different places and that will be enough.

Many risks to avoid the number of hackers. To anticipate, you can share your assets. If my advice is, I will divide it into several coins, for example eth. You can use MEW. Save multiple wallets on e-mail, PC or other devices.

if in my opinion, bro.
if we have a large amount of BTC, don't keep it in one wallet. if you can save it in 3/4 of a wallet because from the experience I got at the beginning of 2018 I lost 63 BTC. because I keep it in one wallet

Can you explain a little bit more how you lost all your BTC? Because only writing this makes me think you lost your coins from hot wallets that have been hijacked?

Having a deeper understanding to what you are dealing with can give you much better anticipations, if you do  use single wallet but you have a good anticipation to what possibilities to happen, you can do that without any worries about your assets.

Having different wallets is confusing. I think when it comes to safety, I would suggest you buy a separate laptop or computer where the only thing you do there is cryptocurrency related stuff and invest in having a hard wallet like a ledger. Just be careful so you won't lose your ledger and just always remember where you put it.

I advise you to save your bitcoin in several crypto currency wallets. Maybe you should at least use 3 crypto currency wallets. I suggest this to minimize your risk of losing all your bitcoins when you become a victim of hacking. It is one of the risk management that you must implement. Besides that, you also have to make sure all security procedures are going well. Meaning you don't have to worry about the security of each wallet you have.

To be safer, it is better to keep it in your hardware wallet, but for 15 btc ownership it would be better if you don't keep it in one wallet.

Personally, I find hardware wallets a waste of money. They are just another electronic device you have to charge and store somewhere safe and dry. If I have to remember about a hardware wallet I could as well remember about a laminated paper wallet in a safety deposit box, especially since I can have 2 or more of them and be sure that they will never get destroyed all at once. I'm all about the classics. If I wanted to store my coins for a long time, I'd put a paper wallet in a tightly closed container and bury it in the garden. I don't get floods or earthquakes in my area so I'm pretty sure it would survive for another 20 years, or more. 

Hardware wallet is the best choice for everyone who has a huge amount of bitcoin. Because the susceptible thing when someone has a bitcoin and he save in some exchange then he will find the security he makes will not provide a security side that is truly maintained.

Especially with the centralized exchange, beside the hacker thing which will be a frightening specter for every bitcoin user the exchange itself is decent to be suspected. I found some case that the user an exchange cannot withdraw their bitcoin to the other exchange for several reasons. This is not will happen if you use hardware wallet, you are free make your wallet is secure or not and you are free when you decide to send your coin and sell it to money fiat.

I would not agree with your assessment, $10k in crypto is big money at present time (at least for me), and the value in the future can be xx times higher. Some $60 for hardware wallet is a very inexpensive investment, given the security that comes with such device. Any hot wallet (desktop&mobile) can not be measured in security with hardware wallets. Even 0.5% chance of losing coins is to big, when such a thing happens, there is no way back.


It is your opinion and your choice, but you can not be sure that floods or earthquakes are not something which can not happen in your area. Maybe you can be sure if you do not have any big river near by, or you are far from the sea, but the earthquake is something that can not be predicted. In case of hardware wallets most important thing is seed, the device itself can be stolen, but it is protected with PIN and it will wipe itself in case that wrong PIN is entered few times in the row.

We can read recently that one hardware wallet is survive fire and firefighters' intervention (lot of water), and one manufacturer is offering hardware wallet made from anodized aluminum.

Sorry to say this but what if you die. what do you think will happen to your asset. your talk about natural disaster like flood and earthquakes but since you think that has never happened in your area you think flood cannot take place in the next 20 years. What if there is climatic change. Finally, I hope the container you intend to put your paper wallet is non-biodegradable because if it is your laminated paper wallet can become unreadable in the next 20 years. despite the hard scenario surrounding the storage of huge coin, I still believe the hardware wallet is the best option for now.

It seems to me who is best to make anonymous his person and then there will be no third parties, including interested in your information and personal data.  Only if you attract interest, then your funds will certainly be under threat.

You want at least 3 hardware wallets and you MUST memorise all the seed phrases, that way you don't have to write them down and they won't get lost/stolen.  Even better, get them tattooed inside your eyelids.  That way, only you can see them. 

Seriously though, get an old iPhone, wipe it and install a local wallet on it.  Remove the sim card and only turn wifi on when you want to send/receive.  Fingerprint recognition to open the phone and the wallet.  You can't get much more secure AND convenient than that.  You could even store you pass phrase in that and fingerprint protect it.  I would like to see that get hacked.  You can even encrypt the iTunes backup just for extra redundancy.

OP is your desired storage restricted to only hardware Wallet's? I think you can go with two to reduce on cost and responsibility of remembering where each one is (if they will be stored separately) Unfortunately Am not so much into hardware wallets because am not convinced they are the outright answer to storing a portfolio as yours and other wallets an do a good job too.

Imo you could use a vanity segwit wallet that you can generate from a clean machine that guarantees no third party knows or has access to your private keys.

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Guide on how to create a vanity segwit wallet follow link here https://bitcointalk.org/index.php?topic=5144752.0

I think 2 or 3 wallets are the best and share them into several btc. The most important thing is how you secure this wallet, always use cold storage and not give internet access when not in use. Oh yes, don't use a wallet that is close source because you will have limitations in accessing your wallet.

Maybe this can be a reference: https://bitcoin.org/en/choose-your-wallet

I mostly recommend buying a hardware wallet and put it the safe place that only you can access it. Don't trust anybodies computer on accessing your hardware wallet. That's all i have done in the past 2 years of owning a hardware wallet. Nothing so suspicious occurs in the 2 years run of my hardware wallet.

I'm glad you see that risk which is possible to happen.
If you are not contented with 2, make it 3 wallets, the more the better and put it in different places which should be very far from your home that does not also have the same weather situation. Don't limit the possibility to fire alone, earthquake and flood could also destroy your bitcoin in your wallet.

Maybe [1] from your home, [2] from your parent's house [3] from your sibling or friends that you trust the more.

You are aiming for long term, if we take a look at the price of 10-20 BTC now, maybe we can afford to lose, but in 10 to 20 years, that would be a different story.Probably the value that time would increase and if you lose that, that would bother your lifetime since the you should be part of the big holder of bitcoins.

Using a hardware wallet is highly recommended but still depends on how good are you on keeping the pass phrase safe, so spend funds for bank vault for safekeeping, you can use two hardware wallet and also keep a small portion on Exodus in case you need money to trade.

Hardware wallet are good but you can also use cold wallet or wallet that you have its private key which you must key jealously away from any person no matter who that person is to you and make sure it is write down in a place that can be easily access in case of lost of soft copy .

You got it all right. I'm far from rivers and the seaside and there hasn't been an earthquake in my area like ever. I'm not in a tectonically active spot and there are no records of it ever happening here for the last 1000 years, so I feel like I'm pretty safe. Also, stainless steel containers are pretty solid, don't rust, don't burn and are airtight.

If the seed is the most important why would I use a hardware wallet for a long time storage. I will have to hold the seed somewhere anyway (like in that steel container in the garden), so I might do that anyway and save some money.

It survived but you can never be sure if yours will. Fires aren't the same each time and depend on many factors like the size of the room, the materials inside, amount of air coming in, and so on. The temperatures can be much different each time.


If I die my wife will know where to look for it. I know it will sound selfish, but when I die I won't really care about my asset. If a few Bitcoins disappear from circulation to be found 50 years later by some treasure hunter with a metal detector, they won't be missed.

If there is a need to store a large amount of cryptocurrency, you cannot think anything better than cold storage. It involves physical access to the information medium, to protect it from any attempts to access via internet.

Ways to keep your cryptocurrency safe:

1. Desktop Wallet: It offers various advantages over an online wallet. These are accessed only via your private computer, with personal security keys stored just on that machine.

2.Hardware Wallets: These are more secure than the desktop wallets. These wallets are bits of hardware, external devices like USB sticks which you can carry around. Hardware wallets are flexible to malware, and if you happen to lose your wallet, you'll be able to recover the funds using a seed phrase.

3.Physical Coins: To purchase the physical coin, you may need to pay a slight premium over the value of the Bitcoin that you're buying.

If you are looking for cryptocurrency wallet or want to know about the security of your cryptocurrency, you can refer to
https://www.altcoinsidekick.com/bitcoin-basic-blog/choosing-the-right-digital-wallet-to-store-your-cryptocurrency.

I also took my first digital wallet with the help of this blog and if you are looking to choose the right digital wallet, I believe that this article will help.

Buy a hardware wallet like ledger. It is safe to store there large amount of bitcoins. Just make sure you make multiple backups of it so you can recover your wallet. Online wallets like blockchain or coinomi are good option too. As long as the wallet supports word phrases and private keys to recover and access your bitcoin wallet it is safe to use.

Would/could you use several, for example Trezors, and program them all with the same seed, thus being able to access the totality of your bitcoin from any of the single trezors?  Assuming your six number code, and pass phrase was the same with all the Trezors, which you can do with Trezor, if you lose one of the hardware wallets you would not even need to break a sweat.

Do most ppl have 1 hardware wallet or 2?

I feel that you are right it is highly risky to hold all fund in a single hardware wallet. It is good that the funds are stored in multiple wallets. Hardware wallets are the safest then the laptop wallets. I would say prefer Ledger or trezor.

Source: https://www.investopedia.com/news/bitcoin-safe-storage-cold-wallet/

 I think you should keep the coin for a long time from 1 -2 years then come back, you will find the surprise with its price

This is not a big problem.. you can use 2 wallet to store a big amount of Bitcoin.. as i see one coment that one for cold wallet and one for hot wallet..

I have also considered purchasing hardware wallets in the past. But I found them very basic and overpriced. The cost of creating a hardware wallet is not more than $10 apiece. And they are selling them for 10 times that price. On top of being expensive, having a hardware wallet also makes you vulnerable to any Bitcoin seizure by the government authorities.

Well i do think its okay to store your coins in one wallet and the best way to make it safe is just rent a safety box from bank and i do think it will be safer but you can't freely move your coins.

If the amount is big in terms of bitcoin the possible way to keep it secure is the usage of nano ledger hardware wallet. Recently an updated version of the same come to usage with international shipping to countries around the globe. I think it'll cost around $120-$150, spending on this will be worth considering the value of the crypto holdings.

I don't think it's a good idea to use a safety box inside a bank to store your private keys and whatnot. In that case you are no longer the owner of your coins, but the bank is. It's pretty much the same as when you allow an exchange to hold coins on your behalf.

Using a hardware wallet such as the Ledger Nano S is perfectly fine when it comes to storing your coins. It's small enough to hide it pretty much anywhere inside your house, and even if someone manages to find it, there is still a PIN they need. The recovery seed requires no effort to hide effectively.

The safest way to store a big amount is always a hardware wallet. But still you can diversify the storage based on how offen you use(trade) those funds. Like the funds you have just holding for a long time should definitely be stored in an hardware wallet. Other funds that you generally use for trading purpose can be stored on online wallet or in other top bitcoin wallets. (https://coinswitch.co/news/top-22-best-bitcoin-wallets-2019)

I only store cryptocurrencies on a hardware wallet. In any case, it is safer than other types of cryptocurrency wallets!
My wallet is Ledger, I like it! Good luck to all

In my case, I store my BTC in hardware wallet as well, I believe there are a lot of good hardware wallet to where you can store you coins it depends on what works on you. In my opinion, don’t store them in just one wallet because as what you have said what if the wallet will be gone so you can divide it and store them in different hardware wallets just make sure to choose the best one there is, ledger being one of them - it has good reviews and it’s safer.

A hardware wallet will not solve the security problem of storing your funds 100 percent. But it’s still safer than storing it on a computer. Personally, I use a regular wallet. Just trying to pay more attention to safety.

The most popular and safe method to store high amounts of Btc is a hardware wallet. (Ledger Nano S, Trezor etc.)

Another cheaper option that offers about the same security is a paper wallet, but you need to take care of where you store the "paper".

I bought a Ledger Nano S last year and I'm very happy with this investment.

Hardware wallet is indeed safer than most of desktop wallet out there but if it is always connected to the internet I don't think it is any safer than paper wallet.
But if the hardware wallet is only connected as you need it and you are always taking care of your device so that it won't be infected with malware than could automatically change your address into the hackers' then it is fine.

the best solution for me at least would be this 3 wallet 2 hardware wallet a nano s ledger and a trezor, the third one almost never to use a paper wallet...

i have no idea why those hardware wallets are expensive that much.if you are poor like most of us is the best way use incredible hard password and use different passwords for mail and exchange.and ofcourse 2fa.

Always make a back up wallet for your funds. Don't put all your bitcoin in single wallet although hardware wallet is safe much better to have a paper wallet. In over all it is still depends on how you will take care of your bitcoin.

^ Technically you were right if that wallet is open source then your bitcoin will be fine and safe to store and nothing to worry. Just keep your seed phrase safe including the password and write it into a piece of paper and place into a safe place. I may advise if you have a big amount of bitcoin use 2 wallets and split it into two. Why? Because I believed on sayings that "Don't put all your eggs in one basket if you don't want to lose it all". :D

If you take the adequate security precautions (2FA, email authentication.etc), then an online wallet such as Blockchain.com can give as much safety as a hardware wallet like Trezor or Ledger. But one advantage with these hardware wallets is that they are also capable of holding a large number of altcoins, in addition to Bitcoin. Blockchain.com on the other hand only supports BTC, BCH, ETH and XLM.

Your idea of storing your BTC in different wallet is the best decision to minimize risk. I think it is safer and more convenient to just use 5 different laptops to avoid confusion and to be more focused on keeping fewer laptop safe from getting destroyed, also when your house gets on fire, you won`t be carrying 15 laptops.

Exactly, there is no solution that is 100% safe and secure and people need to be aware of that. Combination of multiple types of wallets, among other hardware wallet is good option. Still without awarness that everyone is responsible on his own for coins and that is needed to be precautious people will still lose their coins.

I have heard about credits the unique system of building a blockchain allows you to build financial services with high speed transaction processing up to 1 million per second and average speed transaction processing in 3 seconds. I think it truly opens up new opportunities to use the blockchain technology in the financial sector.

Of course not, I think hardware wallet is the safest device to store Bitcoin especially if you have such a large amount. Moreover, the system in the wallet hardware can also be accessed if you have a copy of the Private Key. So if you lose it you can still recover with another hardware wallet or with your computer

There is such a very wise expression, when even a stick can shoot at least once in a lifetime.  This proverb can also be applied to the security of a hardware wallet.  Based on this, it is not necessary to store all the eggs in one basket.  It is best to have several wallets and distribute all your coins into these wallets ..

never understood the spreading of your coins between several wallets
store your coins safely in an offline wallet or a hardware wallet , dividing your coins between 2 or more wallets increases the risk of losing them , not adding to security
use a hardware wallet or a DYI hardware wallet aka old laptop with hdd hard formatted and a clean OS installed with ONLY a wallet installed  and nothing else and once the coins are in , disconnect it from the web and never use for anything other storing the coins
15 bitcoins is not an amount of money to lose sleep over it is only 165.000$ , unless you compromise your device yourself or simply lose the wallet or forget the private keys you won't risk losing your bitcoins

No wallet is safe if the user won't secure it properly even if they use those ones that are already trusted. If you have a large amount of btc, it's better to divide it into multiple wallets to prevent losing it in an instant. Just don't trust anyone even if your family to gain access on your wallet.

Like lending new technology, there are loans related to digital currencies. You value the risks and make sure you do ways to protect yourself and your money.
-Here are the steps you must take to safeguard yourself.
-Always make sure the site address you are visiting is correct and not a fake site
-Use two-factor authentication in all Bitcoin wallets and your email address
-Use a password manager program
-If you use a Gmail account, do a security check
Know in depth before investing in anything. If the promised benefits sound too good to be true, chances are it's just an illusion / fraud. Also check Bad List at badbitcoin.org. If your investment company is here, that means they are fraudsters.
and another thing is Never store large amounts of Bitcoin on the Exchange website for a long time, because the wallet provided by the Exchange site is basically their wallet address especially if the wallet has a generate feature (making a new wallet) then you can be sure the Bitcoin will lost. To save a large number of Bitcoin balances and in the long term you should use a wallet from a wallet service provider.

It depends on whether or not you want to store them inline or offline. Online storage of large amount of BTC or any crypto is not advisable. You could generate multiple addresses and split it for starters using cold wallets with their details stored in a safety deposit box in a bank. Its  money after all.

I think two should be enough because the more wallet you use it could tend to confusion, especially on code or passphrase. By the way, I like the idea of putting your coins in a different wallet in order to lessen the risk of wiping all of it in case. And much better if you will use a hardware wallet Trezor or ledger.

In my opinion, offline storage is the most safe, I recommend to invest in cold wallet

imo cold wallet are the best and safest option. i don't know you heard about Bitmarket which suddenly closed down, users lost all money because they had held their money on exchange...

Use hardware wallets.Its more secure than anything.Which stores the user's private keys in a secure hardware device.
    Ledger Nano X
    TREZOR
Different bands different prizes.Read reviews and get what you like ..Google it.

But securing that hardware wallet is up to you.Keep that safest place


If you want to know more about hardware wallets
https://en.bitcoin.it/wiki/Hardware_wallet

You have only yourselves to blame if you store the coins in exchange wallets and then lose them. More than 80% of the crypto-exchanges have been hacked at some point of time, and this includes all the major ones such as BTC-e/Wex, Mt Gox and Binance. The only scenario in which I would consider storing some of my coins in an exchange wallet is if the desktop wallet for that particular altcoin is very heavy and if the net worth is lower than $100.

I am yet to get a hardware wallet because I don't have enough bitcoin yet that will be giving me cause for concern, when I am finally ready, I will go for 2 hardware, one will be for storing for future use, which will never come online, while the other will be for intermittent sending online.

Storing bigger amounts of BTC is surely a risky job. A slight mistake and you might lose all your coins.
While the best option to store coins would definitely be a hardware wallet, it is still risky to secure the hardware wallet.
You can still keep the seed of the hardware wallet in multiple safe locations though. Also, you can use Mycelium wallet and store your bitcoins in it.
You can then store the seed in safe locations and never worry about maintaining a hardware wallet separately.

If I only use one wallet, that is enough, but I will keep the private key of my wallet properly.  If necessary, I note it in the paper book.  The second is that I definitely complete my wallet with 2 Factor Authentication (2fa).  I think it's safe enough to save 15 BTC.

Air gap your devices and don't use them for anything (no email, no texts, chat, etc.... nothing in so there is no malware link possibility) but btc storage.    On the rare occasion that you connect (to move coins in or out), use a VPN.   You should already be using a VPN full time anyway.    

Binance users were lucky, because the robbery was detected while it was still in progress. The staff moved in quickly and froze the wallets before a lot of the coins could be transferred to the mixers. Probably the hacker team was not large enough to steal coins from large number of wallets simultaneously. But this doesn't guarantee anything. One thing is very clear. Binance can be hacked and it has serious flaws as far as the security is concerned.

you mean using a phone as a kind of cold storage ? well thats also a cool idea  .

 using vpn is also a good idea to keep your ip hidden but this does not protect your device on malwares and viruses that can potentially stole your coins  , its still advisable to use an anti virus and scan the device before and after you transfer coins  .

hardware wallets is a nice lternative next to cold storages  and they are less hassel because they are only tiny but they are more powerful and secure  .

No matter what you do please realize that there will always be a risk of your stuff being stolen and you may even be kidnapped.  No system is ever 100% safe and all you can do is prepare for the worst and hope for the best.

For those with a reliable platform, bulk storage is absolutely no problem, even to be safe you can completely divide it into 2 to 3 parts in different wallets, I think the thing That is the best.

You Can use hardware wallet to safely store big amounts of Bitcoin.
Ledger is one of safest hardware wallet.
I also use ledger wallet

The beauty of Bitcoin is that you store "big" amounts exactly the same way you would with "small" amounts, so practice with a few satoshis:

Make a (cold) paper wallet.


I have written about this countless times, it basically involves a secure computer, it can even be disconnected from internet, using a secure operating system, preferably not installed, booting of optical media or usb thumbdrive, then create a wallet, which for speed purposes i tend to recommend the spv one, write down by hand a dozen words in a piece of paper that you have to keep very safe and away from anyone seeing or harming, preferably make (also manually) a second copy, and print your wallet addresses. After you finish this process you turn off the computer and end with a paper wallet that nobody can ever hack, unless they get hold of the 12 words.

Technically i would advise booting the Linux Distro TailsOS (https://tails.boum.org/), and there use Electrum, to create the wallet.

You will rarely ever touch this wallet again, but when you do want to move funds from this wallet, you repeat the process like when you created the wallet, boot pc, open Electrum, but instead of create you will restore a wallet, using those words you kept real safe, do your business and shutdown.


The shutdown is important, because unless you haven't noticed, everything you did goes poof, except the existence of that wallet (priv keys) in the Bitcoin network.

You can play with hardware gadgets if you want, but they are not worth unless you are constantly using it to move funds. You could have such a device for smaller amounts and keep the big sum in the cold wallet, and always follow this protocol when handling it.

With Bitcoin, you are your own bank. Take it seriously, no excuses. Transactions are final, remember that.


If you are familiar with different OSes and wallets, be my guest. Technically you could use something like OpenBSD and the true Bitcoin core wallet running a node as well. Just please, for the love of God, stay away from Windows, OsX, Android and the like for the purpose of creating cold wallets intended to store important sums.

Yes, its intentional, don't use your favorite games and pleasure OS for serious business. 10+ BTC is serious and we have countless people coming to this forum crying over lost funds my making simple mistakes, thinking somebody can help them when its too late...

I think you just need to create a separate wallet for each of your bitcoins. For example, one bitcoin is stored on the Trezor hardware wallet, another bitcoin on ledger, the third on bitcoin core, the fourth on electrum and so on. I hope the wallets are enough.

It's best to save your bitcoins on a hardware wallet and make sure to keep safe the private key or pass phrase whichever it maybe. Saving your bitcoins on numerous hardware wallets it not the issue but rather saving your keys safely and making sure nobody has access to it. Also you can use code language to write it out, that way if someone gets hold of it he/she would still not understand it.

It is good to have multiple wallets where to store BTC and keep all private key safe which is important to have access on it and wont share it to anyone but only for one you trusted your fund. Rather store some on the banks also though small interest there might keep it much longer.

To store large amounts of Bitcoin I often use hard wallets because I now believe that it is the safest way to store Bitcoin and other coins. The thing to do is to store your private key carefully as well as your hard wallet to avoid having to buy another hard wallet if it's lost.

I help you choose option 2. Save your bitcoin, it seems I trust and use trezor and Bitcoin Core, always remember your key. Each wallet should store 3 BTC and should not be placed on the same computer. I worry about virus intrusion from the computer.

Lol, I've tried both of those wallets and found them to be crap anyway.  As far as storing large amounts of anything on either one of those, screw that.

I recently bought a Ledger Nano S with one of those steel wallets where you put in the seed words.  It's great because I can store that separately from the actual Ledger and if the Ledger burns up in a house fire or gets stolen, I still have the seed phrase to recover my coins.  Plus I have the words written down in another secure location.  If that isn't secure, I don't know what is.

Please note, don't bumrush my house with robbery on your mind.  I got the Ledger just to play around with it, and I don't have a lot of crypto stored on it (or even that much in general).  Heh heh.

Yeah, as long as you keep the private key secure you should be good to go.  The good thing is that you can make duplicate copies of your key(s) and keep them in separate locations.  The question is how secure can anything really be?  You can't completely prevent theft ever if someone is determined to steal what you've got.

Everything can happen, even if you will store it in 3 hardware wallets and once your house will be on fire then all of it will gone.

Online wallets are not 100% safe but you have no other option but to trust their security whatever wallets you would like to use as you are engaging in crypto world in which risk is always there. You have the option already, so it's up to you what you would like to use. But it's better that you will put it to 2 hardware wallets, 4btc each and the remaining will be in online wallets.

I think that can be share on 3 hardware wallet. Not a bad idea. And hide these wallets in different places. Hardware wallet is the best solution for storing bitcoins

Yes I am going to agree to your idea. For me if you hold 15BTC it is good decision if you will use 5 wallet to more secured investnent and holding of your coin. Because all we know that there is too much knowledge that hacker and scammer that they have so if the time that they hacked your account or wallet not all your coin will be take. I think it is more safe.

If you have a lot of bitcoins its better to split them between hardware wallets, desktop and online wallets. Keeping your funds in different wallets will make the chances of losing funds much less.  People often recommend to store bitcoins only in one hardware wallet. I do not recommend this.

using wallet hadrware I think is the best choice for storing large amounts of BTC assets. because now the risk of hacking against BTTC is very high, so I think this might be one of the best ways.

As I think the best thing to do is, Using a Hardware wallet for store our token. Especially, because it has a very good security system and it such a valuable thing to us in that field. Personally, I already have a ledger wallet and I already stored my all tokens in that ledger wallet. Actually, it's really worth me and I believe hardware wallet is a great way to store our BTC and other tokens

How much btc would you say is a big amount?  Even 1 btc now is a big amount to most people right?  I mean 0.5 btc is still over 5k usd.


I'm curious but are there many ppl that kept btc in wallets like electrum and jaxxx and those other wallets when btc got really high and say they had like 5 btc there or more?  I assume there had to been quite a lot of those ppl right?  Since when btc was around the 250 mark, i mean everyone kept btc in electrum or paper wallet or exchange right?

Store bitcoins in a ledger or hardware wallet. That is the most secured place in bitcoin. Using electrum wallet is also as well as local wallets. However, we need to assure that our PC or gadget don't have any virus that can be a tool to intercept our wallet or data. Having a seed is a backup plan in case the wallet was missing. That is why seed is important.

I store bitcoin at coins.ph the wallet that exist in my country. I store it in my digital phone only because I am just a small earner. However, f I received the payment to my recent bounty campaigns, I think I will decide to install or buy hardware wallet. But as of now, I am only focusing on the security of my phone where I can avoid phishing sites.

I think you can feather them out .
Choose a hardware wallet , a paper wallet , an offline wallet with very good reviews .
Divide them ,
Store that amount separately and make sure to keep Google authentication on and your private keys hidden .
You can just buy a bank safe too and then submit your personal documents there .
Documents consisting of the paper wallets .
I think with this big amount you can decide what to hold and what to keep so the holding one can directly go into the safe and the other half can just be transferred into some offline wallet used for trading regularly.

This is going to be counterproductive. If you split your holdings in to five wallets, then you need to maintain different 2FA for these wallets, and it is not going to be an easy thing. There are chances that you may forget the wallet password or the transaction password, and your coins will be lost. My advice is to hold the coins in just one wallet (or a maximum of two) and take all the necessary security precautions.

BTW, if you have 15 BTC, then it is always better to spend a small amount ($100 or $200) to purchase a hardware wallet. 15 BTC is worth more than $150,000 as per the current exchange rates. The cost of a hardware wallet is less than 0.1% of that amount.

Storing your money in different storage is good but I think you will be confused with so many phrases on it. The best place to store your Bitcoin is on the Hardware wallet like Nano Ledger or Trezor because you are in control of it (keys or words). Wallets which doesn't have any words to recover are the ones you avoid because you don't know what can happen to your money if you store it on that wallet.

People still keep their BTC in Electrum and Paper Wallets.

There is nothing wrong with a paper wallet as long as you generate it correctly, basically offline. And destory the printer or USB afterwards which showed the private key.

Same with Electrum, you can use it safely as long as you use it as cold storage and keep your keys on an offline computer which is never connected to the internet.

I have to agree here. I don't think you really need all those fancy wallets as long as you know how to keep your stuff properly. The main issue is people forgetting their passwords or seeds. Which is also what makes them use online wallets that let you recover a username/password. And remember, just because things are offline doesn't mean you're safe. You can be ok from hackers but someone could always find out your key if you leave it lying around!

Using multiple wallets. I do not agree. Can not use multiple Wallets.. Put your security in one file . You can lose your password. In that case I would suggest. You can transcribe a file and using the wallet.

Offline wallet offers the highest level of security. Along with securing the funds in a place not connected to any network, these wallets also offer good protection against computer vulnerabilities.
The hardware wallets are the best type of offline wallet that offers very high security and ease of use. Also, as these wallets allow backup, you can easily recover your funds if you lose this device.
Along with the hardware wallets, you can even store the funds on paper wallets and keep it in a safe place.
Here are two hardware wallet that you can use:
Trezor: This wallet operates as secure cold storage. You can easily transfer bitcoins to the device using the Trezor interface, which is accessible from macOS, Linux, Windows, and Android. Its interface is quite easy to use that lists your coins and recent transactions.
Trezor uses a 12 to 24-word seed for protection and recovery and a user-defined PIN. You can also add an encrypted passphrase to your wallet for an added layer of security.
Ledger Nano S: This wallet can store large amount of BTC securely and as it is an HD wallet, you can control many accounts for all the supported currencies. It means that the cryptos stored will be secure and have the same backup key.
Moreover, this wallet supports ERC token while used with MyEtherWallet. To receive Bitcoin, the wallet doesn’t need to be connected to a computer. One can easily receive bitcoins even if the Ledger is offline. Further, the device is compatible with Mac, Linux, Windows, and Chrome OS. You can even connect it to an Android device using an OTG cable.
 

The chances of someone finding your key and knowing its a bitcoin wallet key is very rare compared to getting hacked online. Basically if someone has access to your home they can take other things like your cash, SSN, etc.

You can either try and remember the 12 words or you can just take a dictionary and mark those words. Nobody will steal a dictionary and let alone actually open it. Most people wouldn't even know what to do when they saw 12 words typed up. They would assume it maybe some poem of some sorts.

well, imo the best option is to keep your coins at cold wallet. Really, offline storage is the safest. I recommend to check how your cryptocurrency exchange stores your funds.for example CoinDeal keeps his funds in the cold wallets (https://twitter.com/CoinDeal_/status/1150783078681456640) which is really important to me

Having at least 1 BTC is already scary and hard to be kept. You really need to create a firm decision on what will you do about it. HODLing it in one safe storage or wallet is one solution. Having more than 1BTC will make you a prime target for scammers and people that wants more money. One solution is buying a Ledger where you can keep it personally. 

Save it in the personal wallet that you hold the private key, don't save it in exchange because it is very dangerous, if the exchange is hacked your money will be lost, but if you save it in your personal wallet all the control is in your hands

I think I should use cold wallet

1 wallet is not enough for such a big amount. You can use two wallet as one is hacked or you forget your password you can use your other wallet. You can say why not three wallet ? It is no easy to maintain three wallet as remembering the password. So it's better to use 2.

Yes, only one wallet idea is bad. A wallet is not going to hold many Bitcoins. The hackers will always be watching your wallet. It's better not to put more amount together. Plus, you will get more security offline from the online wallet. Remember, having Bitcoin in offline wallet does not mean you are safe. Unwanted and unnecessary links invite hackers, stay away from them.

Of course, I would not store it in a centralised wallet like Coinbase, Coins.ph, etc., because they can control or freeze your account for that. However, if you do have a Trezor or Ledger Nano S, it would be better storing lots of BTCs.

I'm even considering to buy one of them later on because I have plans to accumulate more while its dipping and seeing some death crosses. It's essential for us to keep and control our crypto assets than letting others control it.

Consider investing into a cold wallet like Trezor and Ledger Nano S. Just sayin' only. 

I am agree with you. I think this is the best suggestion. I also store my private key in different places in case i lost them by an accident.

The best way is a hardwallet like Trezor or Ledger. It's better to buy several such wallets if the amounts are really serious.

Better use non-custodial wallets if you have no opportunity to buy a hardware one.

That's rather silly. What destroying? You must never print, scan, take pic, or digital copy (ctrl c) the seed words, ever. As for "USB", if you used a live distro from a dvd, there is no writing anywhere, if you are ultra paranoid. But booting an iso from an usb stick usually won't write to it unless you made the persistence thing or some extra partition.

Keeping the seed words you wrote with your own hands in a piece of paper secure is the most critical part. People should not be handling private keys directly for various reasons, which is why the old concept of paper wallet should be avoided. Just store and protect those seed words, nothing else matters.

The process is identical for 1 satoshi or thousands of bitcoin. Practice with a satoshi and when you are confident do it with your fortune.

I'd use 2 hardwallets storing them in different places. Learn seed phraise by heart and never write it down.

You remembered your 12 or 24 phrase by heart?  That is insane.  Even 12 words is too hard.  So you never wrote it down on paper? 



Also where do you all keep your private key seeds for your hardware wallet?  That should be the bigger question here.  Because if you buy the ledger nano s or trezor, you have hardware wallet and protection against hackers/malware.



Do you break the private key of 12 or 24 words into 2 parts?  Do you keep 2 or even 3 copies?  Do you keep them inside house or apartment?  Of course if there are things like fire or etc, then what is your backup?  Its like you need 2 backup places?  Such as maybe keep your private key in your house or apartment and break it down in a few parts?  Then break it into 2 parts and put it into 2 different safety deposit boxes?  That way if a thief got access to one deposit box, well it would be very hard to get to the other one?  I heard of safe deposit boxes getting drilled ... but if you have it in 2 different boxes or even 3... then that should be safe?

The whole point of mnemonics is that they are a lot easier to remember than random letters and numbers. Memorizing 1 long mnemonic is a lot easier than you would think. The trick is to practice it and then associate each of the words with pictures in a story. The human mind and memorize impressive amounts of data by relating them to real world objects in a sequence.

A quick example:

seed manager donkey

Using a story:

I asked the manager if I could buy some seeds so that I could feed my donkey.

You can see how it can make things much easier to remember using this method.

I understand that with 3 words.  But 12 words?  24 words?  That would be insane.


Are there ppl that really remember 12 word seed and 24 word seed? 

Yes of course, it is still possible to remember that words but it will still depend on your strategies on how to memorize it. Honestly, you don't need to memorize it you just need to write it down on a piece of paper and put that on a safe place. If you want to invest big money then you should put it on a hard wallet and save everything especially your private keys.

The simplest way to protect your investment is to do the very basic, write down the phrase then keep it inside the safe vault. The same way on how you protect your physical fiat, for sure you'll not let your money be seen by someone and tempt them to do something that can harm the both of you. Keeping it off the eyes of possible threat will ensure and lessen the possible problem.

No matter how much amount of Btc you hold, you don't need more than one single hardware wallet.

If you lose it or it's been stolen, you can easily recover it from the seed words, so why bother with buying multiple hardware wallets? I would rather focus on how to keep the safest way the recovery seed, this is the most important part of keeping your funds safe.

I agree that the safest way to store large amounts of bitcoin is to use hardwallet. Besides we hold control of our assets, Hardwallet is difficult to hack by hackers. Saving bitcoin in a wallet exchanger is very risky because hackers are always targeting exchangers.

Bitcoin itself is the safest store and no one can recognize but the only thing that you need to take care of is the exchange you are going to select for the fund transfer. The safest and trustworthy the exchange then security is at your wallet.

i dont need many wallet to keep my coin save. what important is how to keep your wallet from various threats.
just check your site always right, of you browse about cryptocurrent. dont forget use 2fa in your wallet, email, and all stuff that relate with your crypto.

Electrum or btcarmory offline transactions transferred over webcams is currently what I would call the safest option of the user-friendly options for storing and spending bigger amounts of bitcoins. Hardware wallets are pretty safe too (nowadays, at least Trezor and Ledger) and they can be recommended to newbies due to their ease of use.


So long as you have your recovery seed.

There are lots of wallets used to safely store big amount of tokens. Wallets like offline wallets and ledger just to mention a few are some of the wallets you can use to keep your tokens safe.

Yes a lot of wallet to store our btc and I am using ledger wallet. The best part when safely store btc is to always keep safe the seeds or phrase once it lost it will not recovered.

I'd store them on offline devices.

According to surveys, many users agreed that it is best to store their Bitcoin in hardware wallets, which should be new and purchased from the manufacturer, and it is best to have several hardware wallets to avoid any risks.

You are right! many people buy hardware wallets from Amazon, which s a bad decision I think! Only the official source should be followed. Another thing is, buying several hardware wallets is another good decision to keeps safe big amount. Sometimes our nearest people can betray or sometimes we can lose the seed code too.

but i think 1 wallet is not enought. is like "dont put all your egg in one bag". for me i think we need 3 wallet for extra safety

Have you ever tried paper wallets? Cheap and secure.

The safest way is not a cold wallet, but a cold wallet shuffler.

Create unlimited addresses on a cold wallet, keep sending you coins in between the addresses with a bot that changes your password and address every few seconds.

how to save their own digital currency safely, in the spirit of Satoshi Nakamoto who is truly without confidence. Cryptocurrency wallet is a digital wallet that you can use to store, send and receive various cryptocurrency. Wallet doesn't really "save" your money like a real world wallet. Instead, this saves your public and personal keys which in turn help you send and receive money. There are two storage methods that you can use to store cryptos, heat storage, and cold storage.


Heat storage
Heat storage, in simple terms, is when you store your digital currency on devices that are directly connected to the internet. This connection makes the device "hot".

You have to think about exchanging wallets, desktop clients, and cellphone wallets (any wallet on the device that will be connected to the internet) as a hot wallet. It's easy to access funds in a hot wallet, and if you live somewhere that accepts cryptos for micro payments, there's no harm in using them for daily expenses. Think of it like a fiat currency (issued by the government). You might go around with a portion of your wealth in the wallet for convenience, but most of you remain safe. Your hot wallet must behave like a real world wallet. You use it to bring a little cash for easy access. That is all. While transacting with a hot wallet is very simple, there are big losses in that. They are easily hacked. The entire crypto space has gained a lot of value recently and where there is value, crime is never far behind. Recent ransomware attacks and previous compromises from large exchanges must be an adequate beacon for newcomers.
Even though you won't save a lot of value in your hot wallet, it's important that you follow the backup steps in the recovery section of your wallet to avoid losing funds through human error. With your private key, and all the excellent phrases, you should be able to return any wallet without pain.

Excessive heat storage
-Access funds quickly.
-A large number of options, and support for various devices.
-An easy-to-use UI makes sending and receiving easy.
-Cons of heat storage

Influenced by cyber crime. Hackers, ransomware, and other sophisticated evil actors are constant threats.
Damaging the device can damage the wallet. Without carefully storing the private key, and sprinkling words you can lose your digital currency investment permanently.
You can still lose / damage / steal the restoration details.

Cold Storage
When you save a currency on a completely offline device, this is called cold storage. For those who are looking for the safest form of storage, a cold wallet is the way to go. This is best suited for long-term holders, who don't need access to their coins for months, or years at a time.
They are not without their own risk but if you follow the instructions correctly, and take every possible precaution, this is greatly minimized. Given the amount of attention that cryptocurrency has received over the past few years, unfortunately it has attracted the interest of attackers. Given that, it is a far safer choice to use cold storage as a way to save your money. San Francisco-based wallet and bitcoin exchange service CoinBase holds 97% of its coin reserves in hardware and paper wallets. What is a hardware and paper wallet? You will find out in one minute. For now, let's examine the pros and cons of cold storage:

Advantages of Cold Storage:
- A great place to store large amounts of coins for long periods of time.
-Provides a safety net against hackers and people with bad intentions because -fully offline.

Cons of Cold Storage
-It's still vulnerable to external damage, theft, and human carelessness in general.
-This is not ideal for fast and daily transactions.
Setting it up can be a little intimidating for beginners.

Previous wall of text is too complicated to understand these two simple things:

Hot (wallet): Anything that is powered up. This includes computers and yes, hardware wallets.

Cold (wallet): Anything that is NOT powered up. MAY be computers and hardware wallets that are disconnected and put to storage. Or can be a piece of paper.

Keep your "spare change" in hot wallets, the absolute minimum for your daily needs.

Use the cold wallet as your "own bank" to keep your savings in a long term basis.


For the most part the seed words are the most important thing, you have to treat those with the utmost care, write them with your own hands, away from cameras, scanners, printers etc. Backing up digital files (ie. wallet.dat and friends) is redundant and even riskier than keeping the seed words. The seed words are the most important thing, let the rest disappear, with the seeds you can recreate the wallet again.

I am not a fan of storing your coins into multiple wallets. Tho, storing your seeds into multiple platforms are advisable because that is the only thing that you will need if you lost your wallet.

Ironically bitcoin is created on a digital platform but keeping your seeds offline is the best practice that you could do. If you lived in a first class countries where vaults are pretty common that buying that one might save both of your seeds and hardware wallets

You can have 2 wallets. 1 for long term savings and others for usage in routine. In case, you lose 1 you can recover with the other one. Make sure to note down the recovery details at several places in an encrypted format.

yeah , just like the saying said " two is better than one " why risk your big amount of btc in a one wallet where you can divide it on another wallet for safety reason . however i find that useless if you will only use a wallet with poor security  . one good wallet or one hardware wallet rather is still better than the two online wallets   . for some users like me , which isnt hodling a huge amounts of cryptos , i think a good online wallet is already enough with us  .

I never think its good to distribute in different wallet .If you don't store it securely it might be all your wallet on risk .I am keep saving my btc on blockchain wallet and i have set all the secured level to protect any abnormalities or hacking .

Man it looks like you have paranoia. Use only one hardware wallet and do not worry ;) ... Or hold your bitcoins a large exchange that returns funds to users in the case of a hack, but a cold wallet is still safer

Blockchain wallet had some problems with phishing. You will never be sure of safety if someone else holds your private keys and that includes exchanges and online wallets. 



You can never be too careful. A hardware wallet is great but it's also good to have a backup in case it gets damaged and remember to divide your money and keep them in different places.

What about coinbase?  Binance?  Has anyone with 2FA had issues with this?

If we are talking about a huge amount of bitcoin safely storage, I will advise you to be a fan of multiple wallets at least two wallets (a hardware and paper wallet) while you save the seeds and the wallets in seperate vaults.

maybe by using an offline wallet like nano ledger or trezzor that can secure our assets even with large amounts though. because this might be able to prevent us from attempts of theft and hacking.

Even when you loose your hardware wallet, you can still recover it as long as you still keep your recovery phrase, and I also think that 1 ledger is good enough

Published by the booming cryptocurrency industry, this industry is still facing certain security challenges and recently, Bleeping Computer reported a dubious issue where hackers (hackers) needed more than 2.3 million wallets.
The attacker received using malware to gain access to the user's email address. Surprisingly, Kaspersky Lab had predicted an attack that would occur later.
- Avoid clicking links that look avoided and interesting. If you see a cryptocurrency website that has HTTP instead of HTTPS in the address bar and looks weird, don't click on it.
- Always follow the original or verified social media account and click on social media links that don't look fake. In fact, to protect your wallet is protected, support to open links on Sosmed for websites that you trust.
- Don't care about the bot on slack. They help to free up your digital currency. Secure your slack channel with Metacert if possible.
- NEVER install the crypto extension in your browser. You should work with a normal user experience to stay safe rather than downloading an extension that will end in regret forever.

First of all, you have to bear it in mind that online wallet will not be an ideal place for such a huge amount of money, I will recommend using an hardware wallet. Example is a ledger hardware wallet. And I think blockchain now have an hardware wallet. These are few you can go for. Overall, I will recommend storing your cryptocurrency on a ledger hardware wallet.

Such a large amount of money is not easy to protect. However, if you are really careful, take good security measures and stay away from the scam, the above things are possible.
I never thought that dividing it into multiple wallets because it would make you confused when trading or worse will cause you to lose.

While I would love to use my desktop PC to use as hard wallet, theres ledger nano and also trezzor that we can use to store Bitcoins however, I read somewhere that trezor is vulnerable to hacking. I don't know haw it was done but as soon as I read that article, I removed trezor in my list and just opt to ledger nano. Just make sure you don't always take it with you, its very small size and you might misplace it.

save btc in large quantities I think I should be more careful and alert. because right now a lot of hacker actions are targeting btc. maybe by using wallet hardware like nano ledger and trezzor to be one of the best ways at this time rather than saving on the exchange

The best way to secure your bitcoins is to either use a hardware wallet or a multisignature wallet. Create a seed phrase, write it down, and keep it in a safe place.
Also, if you are storing the funds in a hardware wallet, don’t store all the coins in one device. Instead, distribute your funds into two wallets. But make sure your codes and passphrase are secure in case you lose your wallet.   

The best options to store important amounts of Btc is paper or hardware wallet.

Both are named as cold wallets,  as they cannot be hacked via Internet. However, be very careful where you store the private key if you opt for paper wallet instead of hardware wallet.

I've stored them on an old laptop, and never connect it online.

I prefer to use a hardware wallet than to save in coinbase or binance because the exchange can be the next target of the hackers. You need to use one place to store bitcoin especially if you have a large amount of bitcoin, so you don't have to worry about anything bad that might happens. So far, it still safe to use the hardware wallet and I think the price of the hardware wallet is not too expensive depends on the value that you want to save. But although you already save the bitcoin in the hardware wallet, you need to think about where you can keep the hardware and don't say to other people if you have bitcoin on the hardware wallet.

If you can afford such an amount on bitcoin then there are so many ways to keep them safe without fear of loosing them one day. I would simply construct a metallic safe box which is rust resistant, keep my private keys in it and then dig to a reasonable depth in my bedroom, hide it there and cast concrete on it. I would not also use more than one hardware wallet.

It's better to stored huge amount of bitcoin in a different wallet to prptect and to avoid one time loses if the hackers attack. And of course your private keys need to keep safe even need it to print in hard copy and teach to your trusted family member incase of emergency.

For large amounts i would never ever trust a hardware wallet, too many people involved who know you will be using it for bitcoin storage.
Best to buy a really old laptop and install an old pre bitcoin OS you got.
Then transfer blockchain data and signed transactions via USB stick to a 2nd laptop that is online but never used for anything else than bitcoin core client.
I think armory also got a good system, but i did not check that out yet.
The good thing about that method is you can use really secure hard disk encryption to lock everything down.

This big amount of btc can be stored in a secured hardware wallet. Just make sure storing or keep safe the phrase whereas you can access or retreive your wallet anytime. Always make a backup of private keys or phrase. Although there are many options of wallet just choose the good feedback and very secured when accessing it.

I think how many wallets you storing is not factor. Factor is how well you keeping your wallets key files storing. You can store your BTC in two or more wallets and maybe in soft and hard wallet also but be sure that you encrypted your private keys in safe place. you can also keep your keys in different places but obviously not in Google drive that may hack at any time. So be careful and be safe.

Good day.

Base on my own experience so far, i prefer using Exchange platform to store and saved Bitcoin, mostly when it is more than 1BTC, because most exchange has a strong password, google authorization and OTP (one time password), that is best and reliable exchange to used.

I think the problem is not how many wallets you keep big amounts of bitcoin but how you keep the password safe. Many people are careless and don't keep their private keys well which invite hackers into the system. Just be careful with your private key.

Using a hardware wallet is the best option for the storage of big amounts of Bitcoin. But if in case you prefer a software wallet, it will be advisable to have about four wallets in order to split your amount of bitcoin in portions. And with the software wallet, using an open source wallet is the best and safest.

Buy a Ledger/Trezor hardware wallet and forget all other online wallets. Write down your hardware wallet's seed/phrase code on several offline papers and never take a picture of those and don't bring them on the internet anyhow! If you lost the wallet then you will have the chance to recover your assets through the seed code in a new hardware wallet. Good Luck.

As long as you safe your password and phrase word on hardware wallet, nothing to worry if you loss your devices. You can buy new devices again then restore your own wallet, make sure you already have backup file for it.

maybe you can use 3 or 4 hardware wallet and put your bitcoin evenly in the wallet and make sure that the codes or passphrase is secure. Cause if you lose your hardware wallet, you could recover the wallet using the passphrase. And i also suggest to not holding bitcoin for a long time in a wallet. move that bitcoin from one wallet to another periodically. And remember this, never use the public internet to open your wallet, use your private internet

Yes, if I had such an amount I would hold it on different resources partly, of course it is better to use for this the separate device that is not used for different things like Internet or social networks. It is better not to keep the information about your keys or something like that on your gadgets at all and be extremelly attentive while trading. The security of your gadget should be strong enough and it is better to pass through the authentification.

To minimize the risks, you can distribute your Bitcoins to different hardware wallets, however, it will be more difficult to manage your asset. I would probably use one wallet for maximum convenience. Just don’t think that you can lose something.

Do you want to just securely store value in Bitcoin or make money on it? I would advise you to try different options using hardware wallets, wallets like Bitcoin core and also use some kind of top exchange. Try different options

I agree to not keep big amount on just one account, it is more advisable to use multiple account and do not used the same account with trading account because that is very cautious. Use strong security on the gadget and also keep the keys where you can easily access and make it have a multiple copy because forgetting the keys wont have any recovery.

If I have a large amount of BTC, I will break it down into many wallets. Each wallet will connect to a separate USB to be able to store key keys safely to prevent hackers from entering

Different wallet is better to store big amount BTC but you have to definitely use a hardware wallet and don't worry because you able to recover it.
"Ledger Nano S" is the best i think any amount store will safe here.

Coinbase is one of the best crypto trading platform that offers the secure trading service to the users.

It is suggested that huge amount you have you need different wallets to store it. you know, hackers are everywhere and they are prepared on this kind doings so better to have secured wallets. but for me I don't store huge amount on crypto I don't risk all what I have in crypto. I know it is hard to transfer every time I want to trade but I prefer to do it than to risk it in any wallets and think anytime that it is possible to hack and disappear.

Yeah, though if it's a really big amount, I'd invest on a couple of hard wallets like ledger nano or trezor. I won't risk my bitcoins by keeping them in online storages even if I have the private keys with me. A determined hacker will find ways around your private keys and though the likelihood is small, I'm not risking them to be taken from me.

I did not yet tried this platform. But as far as I see the comments and updates regarding with Coinbase, it seems like it is good also. I thought that it was just a wallet who had security features which cannot be intercepted by hackers easily. But in case of storing large amount of BTC I will go for electrum or cold wallets.

No matter the amount of btc owned, it is of no use to store them in different hardware wallet. It is better to store them in a single hardware wallet and keep the privately or pass phrase in a safe place. It is advisible to duplicate the keys in numerous paper and safely keep the papers in safe locations. With this you can easily recover your assets even if your hardware wallet get destroyed or missing.

Basically, you can simply store a huge amount of BTC in hardware wallet like ledger because it will be much secured that hackers could not easily get access on your wallet to steal all of your funds. Unlike using online wallets it is not that really secured because no system is safe for hackers when your wallet can be access through online.

I have experienced an unpleasant incident, my wallet was hacked, my BTC-reward from a contest article was stolen by someone. It was frustrating even though I had installed multiple security for my wallet and email, but the hacker managed to crack it. I do not know, what mistakes I have done so that my account can be hacked, I finally plan to buy a hardware wallet for better security.

Hardware wallet works because it is too hard to hack , but also you need to activate and install anti malware to your PC so that it wi block all those malicious content to control which software you installed in your device. You may try to save some of it in web too, I think it is good if atleast 20% or 30%  of it is save in an exchange I think use that btc wallet in an exchange to save your money use 2FA and make your password an alphanumeric one.

In my opinion 1 wallet is enough to keep your assets safe. I recommend a blockchain wallet because in addition to the high level of security and the occurrence of a scam it is almost impossible because every transaction is stored on the blockchain.

The idea is to store your bitcoin and to be secure not to have lots of laptop, so you have to plan this very carefully,

• First decide what wallet are you going to use
• Second now you have decided for a wallet how are you going to secure the wallet
• Third What are the different ways to backup the wallet to make sure you will have a backup in-case something bad , and i mean really bad happens
• Fourth look for this features on the wallet that you have selected if they all have the features you are needed

There are lots of hardware wallets now and they all have features it will only depends now on your decision good luck

The safest way to store your Bitcoin is to use hardware wallets such as Ledger and Trezor. With hardware wallets, you will always need this hardware to access your Bitcoins, making it safer. And you must also provide physical consent to make transactions. This feature can improve the security, because if there is a hacker who attacks your computer, hackers will not be able to physically press the button on your hardware to give you the approval of the transaction.

Source (https://www.andryo.com/id/blockchain/cara-paling-aman-untuk-menyimpan-bitcoin/)

Your level of security consciousness is good but creating many wallet hardware I won't advise, it may still be detrimental so that you won't still end up loosing the protected when the password becomes too numerous.i will suggest you use a maximum of 3, because you may end up confusing yourself the more.

I  think using many wallet is not good for me For me it is good storing it to any kind of hardware wallet using 1-2 wallet only. Hardware Wallet like Trezor or Legder is good in security so that you can use but I prefer only 1-2 only.

Might you call me old fashioned but the best way to store is on multiple encrypted paper wallets, backed up to a regular old hard drive which you control and encrypt and never expose to the internet. Then back it up a few times over. Even if found, yours keys will be encrypted with a strong password. This way you are relying on nobody but bitcoins native cryptographic algorithm.

Two words:
hardware wallet
Really, this can solve a lot of problems

so far the hardware wallet has become one of the best places to hold the funds they have, the most important thing in storing data and also when accessing the wallet must be very careful so as not to experience bad events. and the last is to backup data if needed

I bought a hardware wallet and it is ledger nano s which I estimated cost of $60 per each. Even though it is expensive, you can ensure that there is no hacker that can steal your funds but there is also risks, just make sure to buy in their website and not to online shopping like eBay and many more.

Hardware wallets are great choices, popular wallets are Ledger Nano S and Trezor. You should not store on exchange or wallet that does not allow you to control private keys.

yes storing bitcoin in different wallet is the right thing to do to prevent from losing all your bitcoin

Hardware wallets have recovery seed isn't it? You can just recover it if it somehow been damaged then buy a new one immediately and transfer it all to the next one. There is no need to have a lot of hardware wallets really but maybe you can do fine by 2. You could use the second wallet as a back up in case something might happen to the first one. The one that you need to think about is how to store your recovery seeds which the major rule is to never leave any traces on any digital devices meaning you need to write it in something physical and store it somewhere safe i.e. away from prying eyes and hands.

The safest way to store a big amount of bitcoin is in US Dollars 🤣🤣🤣🤣   You could store your bitcoin in a hardware wallet, but you will still lose it when the price of bitcoin goes to its intrinsic value of near zero.   The only thing that makes bitcoin worth anything is what some greater fool is willing to pay for it, once this market psychology changes, bitcoin will crash faster than you ever thought possible.

I have invested in the wrong side of bubbles, and learned the hard way.  Bitcoin was great while the bubble was on the way up, but no one gets something for nothing !!!   When the bitcoin bubble pops, you will see just as many people lose everything that got rich on the way up. 

The saying " BLINDED BY GREED" exists for a reason, and the people in this forum are the perfect example of this 🙈🙈🙈🙈

Hard Facts

As per as coinbase is playing big role as a legit crypto wallet and i think they have strong security system to protect our assets. But i am not prepare to hold big thing like as 10 BTC or 15 BTC in only one wallet. Actually Coinbase is using as a wallet in crypto banned countries and it's using as a exchange in crypto regulated countries.

For me 1-2 hardware wallets to store any amount of BTCItcoin is good you can recover it if you lost using Passphrase don't forget to backup before storing. Use hardware wallet like trezor or ledger.

I've watch a youtube video before they are recommending to store funds amounting 1000dollar to 1 hardware wallet and to buy another if that amount exceeds. But in my opinion, 1 hardware wallet such as ledger nano is already secured enough for your funds to be keeped fully secured. With these security measures, it will only now rely on us on how we could make our funds even more secured so to store big amount of crypto, we should also store a big amount of responsibility upon us.

In my opinion, you don't need a lot of hardware wallet to store big amounts of BTC. I think one hardware wallet is already more
than enough, save the hardware wallet in the safest place you think. If something happens hardware wallet already has a recovery
procedure, so there's no need to worry if it's broken. If you save in many wallet will be confused to manage, better one but well guarded.

I would use 2 wallets. 75% in one for super cold storage. 25% in the other in case you need to convert to fiat in a jam.

Initialize wallet 1 and write down your seed words. Place wallet and seed words somewhere in a fireproof safe. If possible put 12 words there and 12 in a safe deposit box.

Initialize wallet 2 and write down your seed words. Also, turn off wifi on your computer and make a text file with your seed words. Encrypt this file with a STRONG password youll remember e.g. "$gpg -c myseedwords.txt" save this file 'myseedwords.txt.gpg' to a usb and secure delete the original txt file. Place the seed words and usb stick in a safe fireproof place.

Use wallet 2 to accumulate until you reach a level to deep freeze and send overage to wallet one.

Educate yourself. You will have many thousand reasons to do so now that u are a HODLer. Never stop learning and always put security first.

You just need to have a hardware wallet, that is basic for traders. Only cold storage, remember.

If you lost your hardware wallet, you can still recover from seed phrases. There are many safe options like you can split your BTC to keep them safe in hardware wallets or send BTC to cryptocurrency storage vault like Xapo.

More about Xapo: Xapo is one of the safest vault systems. Customer Bitcoin is securely placed on an offline server that never connects to the Internet. Servers are located behind concrete walls with steel doors and Faraday shields used to block any radio frequency access. And there is always a guard.

if you use a third-party wallet it is better to complete your data in it and also prepare security in the form of authenciator by email, google authenciator or by message to the phone. but for me it's better to use a hardware wallet because it's the best choice so far

Let say you have 15 btc. I would suggest you to buy 5 different hardware wallets. 3 btc for each wallet.
As long as you have the private key or seed, it will be safe even if you lost your hardware wallet.
Also, it will be great if you can store your private key in a physical private key storage. I dont know the term for this thing. Usually it made from metal, titanium, or something like that. Waterproof, rust proof, fire proof with high melting point, etc. you can search cryptosteel, coldti, simbit on google to know more about what I am talking about.

Yes, pen and paper. And its cold too!

Hardware = physical.
Cold = unplugged (powerless).

Create a new wallet in a secure os/computer (can even be done offline). At wallet creation, you write down the seed words in a piece of paper with your own hands. This is the wallet itself, nothing else matters afterwards. But, before turning on the computer (and broadcasting), make sure you copy/print whatever public addresses so you can sends funds to it.

And now you are done. If you did with a live iso, when you turn off the computer the wallet is deleted, this is good, you only need it to exist in the blockchain, and the "keys" to it are within those seed words. So not protect/secure that piece of paper.

And now you have the perfect secure solution that can store unlimited amount of money and be unhackable, as long as you keep that paper secure. You should hide it in a clever place, preferably make another copy and store it in another physical location. You could get fancy and use a bank vault or whatever, even use stenography, mark words in book etc.

The pen defeats the axe (hack) :)

A hardware wallet in the "common" meaning, the electronic gadget, should NOT be used for storing long term / large sums. A hardware wallet is nice when you want a wallet that doesn't need a pc or phone, and like those, should be restricted for small amounts you expect to use over a day, or maybe over a month. For long term nothing defeats the paper.

Do not forget, this "hardware" wallet also MUST use the very same paper to write down the very same seed words. If you skip it you are simply taking a giant risk of losing access to it permanently. So in the end you are spending money to do the same thing, in addition to extra annoyances like password, 2fa, etc (its just like a software wallet, but in a less insecure OS).


There is a problem with a certain mindset, lets call it "American", in that something "secure" absolutely has to cost money. This is not necessarily true. You'd think the paper is dangerous (because free) while the gadget is not (because expensive), when in reality its the other way around. But here we return to the trust issue. Whom do you trust, yourself? The company that made the gadget?.

Remember what Bitcoin was all about in the first place: Trust. Fiat = trust in your government. Bitcoin = trust in code (you). The "you are your own bank" has bigger implication and responsibility. If you don't trust in you, you can STILL pay others to keep it safe, this is the way full reserve banking works, exactly like a bank safe, just imagine you put your money in the safe and not in the bank account.

If I were you I would split the BTC on 3 wallets - 2 hardware wallets and 1 paper wallet. Be sure to keep at least two copies of the paper wallet in case something happens to one and make sure you use quality paper that is water resistant - maybe  put it in a protection sleeve or smth like that.

Also assure that you are keeping them in different locations - I mean you could keep one or two in the house, but put the other one in the guest house or in the basement in case of any disaster/calamity.

Most ideal approach to store is on numerous scrambled paper wallets, sponsored up to an ordinary hard drive which you control and encode and never open to the web. At that point back it up a couple of times over. Regardless of whether found-yours keys will be encoded with an (ideally) solid secret phrase.

Using a titanium back up is the safest way to store your recovery seed, to make sure your seed doesn't get lost in a house fire etc. Jameson Lopp tested most of them to see which ones are the most durable. Interesting to read:

https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test/
https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test--part-ii-/
https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test-round-iii/

Overall comparison:  https://jlopp.github.io/metal-bitcoin-storage-reviews/

Unless you're into trading, you should go for offline wallet either a hardware or paper wallet with keys kept securely. If you are into trading and hence would need a frequent transfer of funds, then have a secure software wallet preferably on a device which is less frequently used. Trust only those exchanges which have good reviews and downloads.

In cryptos you need to look after the safety of your funds. No one can help you in case funds are lost.
Invest and trade safely!
 

MtGox had good reviews.
Cryptsy had good reviews.
Cryptopia had good reviews.
QuadrigaCX had good reviews.

Do you want me to continue?