How to effectively store large number of Bitcoins?

[garytheasshole]

Suppose I hold lot of bitcoins in exchanges and in some wallet. To prevent the loss of bitcoins, how should one manage them?

Generate multiple new addresses. Distribute the bitcoins among these addresses. Copy the private keys of these addresses to paper wallet.
Is this the way to do it?

What are other better ways to manage large number of bitcoins?

Definitely using paper wallets is a good idea. Be sure to store the private keys safely. I think hacking a hard copy of the private keys in a safe deposit box is a good idea.

I don’t think there is really any need to split the Bitcoins among several addresses unless you are worried about someone trying to steal the private key if it has a huge number of Bitcoins on it, or if you are worried about people tracking how much you are cashing out.

I think using paper wallets is very risky, I suggest to use the wallet that is easier to use but safe, and we can select Xapo because it is connected to the application on the smartphone so it is very safe.

[Karimeen]

There are many ways to store bitcoin and different types of wallet software created by  bitcoin core developers.This wallet is designed for use on desktop and laptop computers and stores the private keys in a file on the machine. The QT wallet is easy to use and is reliable software.The bitcoin QT wallet and other desktop wallets are good wallets for starters.It should not be used to store large amounts of funds due to the security implications,and backups of the wallet file should be taken.

[jc89]

Suppose I hold lot of bitcoins in exchanges and in some wallet. To prevent the loss of bitcoins, how should one manage them?

Generate multiple new addresses. Distribute the bitcoins among these addresses. Copy the private keys of these addresses to paper wallet.
Is this the way to do it?

What are other better ways to manage large number of bitcoins?

Having multiple wallets may be a good idea but it can cause confusion. It actually doesn't matter if you have multiple wallets if you can secure them. Better to make sure that if you are using hardware wallets don't put it in a device that you regularly use like an everyday pc. It's safer if no one can have access to it and it can't be invaded by malwares so better to have a device that you don't connect on the internet and keep it safely in a place that only you can have access to.

[mycryptobiz]

Suppose I hold lot of bitcoins in exchanges and in some wallet. To prevent the loss of bitcoins, how should one manage them?

Generate multiple new addresses. Distribute the bitcoins among these addresses. Copy the private keys of these addresses to paper wallet.
Is this the way to do it?

What are other better ways to manage large number of bitcoins?

I know the easiest and safest way of doing this.You have to download exodus/elecrum wallet both of them are great but i personally use exodus ,their fees are high but their support team is the best in the market.
You only have to transfer your bitcoins to exodus and encryprt it. and then export the private keys to you hard drive or maybe print your keys and save it somewhere secure.After that you are safe 100%.

[germa66]

i don't see any difference between storing all your funds inside one key versus storing them among multiple ones. maybe if you have 1000+ and don't want to be targeted or something then put them in multiple keys (distribute among multiple addresses) but that will only be for privacy purposes not really a security one.

and methods are: paper wallet or hardware wallet, or simply an offline computer that has a wallet installed.
just make sure to keep a couple of backups from any method you choose.

so true,
  I a gree with you.
no need to store in some wallets because in a wallet all our assets can be safe, the most important is how we keep our wallet with some backups that make us sure about its safety

[S A KHAIR]

To store a large number of bitcoin, one bitcoin address is enough. Because the price of bitcoin increases or decreases at rate. So weather big or small amount, the price changes at same rate. One can think about the security of account. But it depends on the user. Because the authority provides a lot security to the users. So there's no problem about security. Just the user have to store his/her password safely.

[|Bitkoin|]

The best way to effectively store large number of bitcoins is to save your 12 word seed by memorizing it and storing half in two secret places. If you have a loved one that is a good way as well.

[Vladv26]

Dont keep your bitcoins in exchangers because they can anytime stole your bitcoins and disappear.
To prevent being hacked it is safer to keep your bitcoins in multiple wallets and adresses. If the hacker hacks one key he stole only 1% of your bitcoins. A paper wallet or just an offline wallet is the best method because that are the hardest to hack.