Best way to protect your Bitcoins wallet

[Plan well]

Cold wallet are the best way to secure your Bitcoins because they cannot be accessed.
Once you transfer your keys to the cold storage , only transfer what you need to your hot wallets.
Also, avoid custodial storage arrangements unless you need to use it for trading purpose or want limited insurance coverage.

KEY TAKEWAYS

1, the best way to secure your keys is to combine cold and hot wallet uses so that only the cryptocurrency you need at the moment is in the connected wallet.

2, cold wallet, also called cold storage the best way to secure your Bitcoins private keys .

3, some exchange provide institutional_level secure cold data storage for user's kes, but some critics advise against this method.
 
We should always be very careful and did our research especially we newbie we easily get into a scammers I think we should pay attention to our high rank leaders.
Because forum is very wide and full of scammers.

[NotATether]

3, some exchange provide institutional_level secure cold data storage for user's kes, but some critics advise against this method.

Yes, and for a good reason - because they are not transparent. Nobody can know for sure whether crypto is actually being held in such an "institutional cold data storage" or if it just being placed inside some internet-connected wallet with a password.

And then there is also the problem of the exchanges themselves denying you access to your own funds, but that is a different story.

[Zaguru12]

Cold wallet are the best way to secure your Bitcoins because they cannot be accessed.
Once you transfer your keys to the cold storage , only transfer what you need to your hot wallets.
Also,

Firstly yes the cold storage are regarded as the most secure means of storing your bitcoin simply because your keys do not get access to the internet of at all they are setup well. But that doesn’t mean they can get access to them, you still need to secure the device and most importantly the seed phrase or private key well. Should any one get hold of you seed phrase back up then they can simply get access to the wallet.

1, the best way to secure your keys is to combine cold and hot wallet uses so that only the cryptocurrency you need at the moment is in the connected wallet.

I agree with you that little amounts for daily spending can still be kept on hot wallets, but it seems you’re confusing the word connecting both. You can simply use a hot wallet to track transactions of your cold wallet in a watch only mode and also use to create an unsigned transaction and also to broadcast a signed transaction also.

2, cold wallet, also called cold storage the best way to secure your Bitcoins private keys .

I can’t agree less but the best method again is how you back it up offline, do not leave them laying on cold storage device only, the device can maybe run into problems and you will need a backup to recover your wallet. Back your keys up offline in two to three different places

3, some exchange provide institutional_level secure cold data storage for user's kes, but some critics advise against this method.
 

You call them critics? I don’t, stay off centralized exchanges that promise to secure your funds for you, be your own bank by going for self custodial wallet

[Saint-loup]

1, the best way to secure your keys is to combine cold and hot wallet uses so that only the cryptocurrency you need at the moment is in the connected wallet.

It's true but unfortunately Bitcoin on-chain transactions are very expensive, and there is no way to use Lightning Network with a cold wallet. So it's hard to only hold small BTC amounts into a hot wallet if you need to spend BTC frequently, otherwise you will lose a substantial part of your funds in transaction fees payments.

[Z-tight]

This is the technical part of the forum, and most users who frequent this board already know what you are talking about in your op, and you have even got a few thing wrong there. However, that isn't the point, you should probably move this topic to beginners section, i think that is the most appropriate board for it.

[pooya87]

Once you transfer your keys to the cold storage , only transfer what you need to your hot wallets.

This seems like a typo but I have to clarify that you would transfer your coins to a cold storage not your keys. The keys have to be generated offline on an airgap system to be secure from the beginning. If keys are generated elsewhere (connected system) and then you cut the internet, that doesn't make it secure.

Also, avoid custodial storage arrangements unless you need to use it for trading purpose or want limited insurance coverage.

Technically even for trading you must never "store" your coins with a third party. You just place them in open orders while trading and cash out the moment you don't want to continue executing any trade.

[hugeblack]

1, the best way to secure your keys is to combine cold and hot wallet uses so that only the cryptocurrency you need at the moment is in the connected wallet.

How will you combine cold and hot wallet? Because the moment your wallet is connected to the Internet, we cannot say that it is cold storage.

The only way for this to be acceptable is to create the private keys yourself, but in this case, why use an exchange, as centralized exchanges do not allow this.

3, some exchange provide institutional_level secure cold data storage for user's kes, but some critics advise against this method.
 

[Lucius]

How will you combine cold and hot wallet? Because the moment your wallet is connected to the Internet, we cannot say that it is cold storage.
~snip~

The communication between cold wallets and "online wallets" always goes the same way - the user uses QR codes or transfers the signed transaction with an SD card to a device that is online and broadcasts the same transaction from there. Using such methods ensures that cold wallets do not have a direct connection to the internet, which means that they remain beyond the reach of hackers.

Of course, all this makes sense if we generated our backup in a safe way and if it is stored safely.

[Pmalek]

Cold wallet are the best way to secure your Bitcoins because they cannot be accessed.

They can't be accessed online and remotely if the keys were generated in a cold environment, but a cold wallet isn't safe just because it's offline. If it's not encrypted and other people can access the device physically or are using it for other activities, your keys could be at risk.
   

Once you transfer your keys to the cold storage , only transfer what you need to your hot wallets.

This doesn't sound right. Keys generated in a hot wallet and imported into a cold wallet don't magically turn cold. They will always have that history tied to them. That history says that their origin is from a hot wallet. They need to be generated in cold storage to be cold.

3, some exchange provide institutional_level secure cold data storage for user's kes, but some critics advise against this method.

These are just strong-sounding words meant to inspire trust and security. In reality, it's a custodial service like any other, where you give custody over your keys to someone else. You have no idea what security they employ to safeguard sensitive information, and all you can do is trust them that they will do a good job. That's why you shouldn't do it.

[mk4]

Once you transfer your keys to the cold storage , only transfer what you need to your hot wallets.

You don't transfer your wallet's keys to cold storage — you generate your wallet's keys on the cold storage. If you generate your wallet's keys on a not_cold_storage wallet then imported the keys onto the cold storage, then it defeats the purpose of cold storage as there's a chance that it might've already been leaked.

[bettercrypto]

Cold wallet are the best way to secure your Bitcoins because they cannot be accessed.
Once you transfer your keys to the cold storage , only transfer what you need to your hot wallets.
Also, avoid custodial storage arrangements unless you need to use it for trading purpose or want limited insurance coverage.

KEY TAKEWAYS

1, the best way to secure your keys is to combine cold and hot wallet uses so that only the cryptocurrency you need at the moment is in the connected wallet.

2, cold wallet, also called cold storage the best way to secure your Bitcoins private keys .

3, some exchange provide institutional_level secure cold data storage for user's kes, but some critics advise against this method.
 
We should always be very careful and did our research especially we newbie we easily get into a scammers I think we should pay attention to our high rank leaders.
Because forum is very wide and full of scammers.

There are only two safe things that I can think of, one of which is the seed phrase and private key when we use a hot or cold wallet. But as long as you can, if you have a hardware wallet to buy, buy it, but if you don't, it's fine as long as you always be careful and always update the wallet, if ever, which always has updates. 

Electrum is just one of the good examples of cold wallets that I have been using for several years in the field of crypto space, and I haven't had any problems until now because every time there are updates, I do it, and that's what I always do.