Xynerice and LoyceV - Thank you very much for your replies. I think I understand now how by not sweeping address security is compromised (because you use "x" wallet to send and you give it your PK to do that). Also, I am interested how could I use Electrum to generate PK + Seed?
Would it be something like this then:

1. Download Electrum onto USB stick
2. Go offline and install
3. Generate Seed + PK + address
4. Write them down
5. Check by sending a small amount onto address generated (use block explorer?)
6. Do I need to send BTC from that address to make sure it PK works (as I generated them together using electrum)? If so, should I use electrum on the same stick just go online?

It's not that I'm not paranoid enough. It's just that a) I'm not tech savvy enough I think, b) amount is too big for exchange but not as big to be too crazy about it. At least not yet.. when one BTC will be 1 000 000$, I might rethink my methods 

Hey,

From what I read, for small amounts desktop wallets like Electrum (I currently have Exodus - any thoughts?) are alright.
Let's say I have an amount of BTC that I don't feel comfortable holding on an exchange.  I will leave a bit on Exodus (then I will look for a desktop that supports SegWit) but for long-term storage, I have those options:

1. Best option: Hardware Wallet - send a small amount, wipe clean, check if recovery works and then send the rest.
2. Paper wallet: Use https://segwitaddress.org/ on a Linux booted from live CD or USB stick (offline) and write down or print (preferably on a dumb printer with no memory/internet connection). Then store somewhere safe.
3. Bitcoin Core Client on a dedicated computer used only for storing Crypto (with TOR for privacy?).

So my plan is to generate SegWit address using segwitaddress.org (offline, using Linux installed on USB stick) and send money there. I have some questions:
- Can I send Bitcoins there multiple times without compromising security (I understand that privacy will be compromised anyway??)?
- When I send from paper wallet I should use Sweep option to send all funds at once. Preferably to HD wallet that has been checked for recovery prior. Am I correct?
- Any other tips or guides you can send me to so I can confirm that this is a good way of protecting my BTC?

I appreciate all feedback.

regards,
Atalol