How is the safest of the 'safest ways' to store Bitcoin?

[asus09]

how to store bitcoins safely, first of all hide your identity, don't let anyone know if you have bitcoins, even you have to hide your bitcoins from your own close friends, everyone must have a separate wallet that they trust to store bitcoins, some use a wallet hard, some use hot wallets, some use cold walls, I also back up all wallet files, to be aware of computer failures.

[mardaed]

This is a good discussion and helped me to learn a lot of tips to protect my bitcoins. One should never share their private keys with anyone nomatter how if the person is your very close friend.

Glad to know you’re learning here. You are right, never ever share and entrust your private keys to anyone. Nowadays, you’ll never know the true intentions of those around you, especially if the said matter concerns and involves monetary or any type of asset. Moreover, you should also take note that safekeeping also includes the choice of wallet, password storage, secure connection, software and back up systems.

[Strongkored]

Surprisingly the victim hold his Bitcoin worth of IDR 5.8M in centralized exchanges (Binance) and not using a non custodial wallet. Well it will depends on the victim privacy, did he clicked random sites? Publishing/tell anyone about his coins? did he using public WIFI to access Binance? did Binance information breached? we all don't know about it.

IMO the solution you should have separate cellphones, the regularly you use and the one used to hold Bitcoin (air gapped wallet). Gave him some portions of your Bitcoins on your regular cellphones, while you still hold most of your coins on the other cellphone.

IDR 5.8M is about 11 BTC at the current rate, it may look big, maybe the victim has activities as a trader who needs funds always available on the exchange.
The victim did not do what you mentioned, he had a robbery and one of the robbers was a former employee who was very likely to find out that the victim owned BTC and threatened to need the victim's wife so as to provide the password from his account. Luckily the perpetrator has been caught just not explained whether BTC can return to the victim.

IMO the solution you should have separate cellphones, the regularly you use and the one used to hold Bitcoin (air gapped wallet). Gave him some portions of your Bitcoins on your regular cellphones, while you still hold most of your coins on the other cellphone.

The point is always be careful with the device we use as a place to store crypto assets, Anything can happen but we can reduce the risk of loss by using tight security, although in this case account security is not the point.

[Webetcoins]

This is a good discussion and helped me to learn a lot of tips to protect my bitcoins. One should never share their private keys with anyone nomatter how if the person is your very close friend.

Glad to know you’re learning here. You are right, never ever share and entrust your private keys to anyone. Nowadays, you’ll never know the true intentions of those around you, especially if the said matter concerns and involves monetary or any type of asset. Moreover, you should also take note that safekeeping also includes the choice of wallet, password storage, secure connection, software and back up systems.

Sharing your private keys means your share your all wealth and it looks not right if this done with our friends but we can be able to do this on our own family e.g mother, father, brother, sister, son, daughter because we are related to them. It is recommended just in case bad thing can happen to you but before we get to that point lets first start on securing the btc on our own by choosing the wallet that is trusted, brands like trezor and ledger are good.

While I do not recommend password storage because they can steal your password. a secure connection means do not use public connections like wifi and lastly backing up and updating software is more important.

[mardaed]

While I do not recommend password storage because they can steal your password.

Well, you certainly have. Point. But I think it is a must to be creative in thinking of ways on how to store passwords that is not susceptible to be stolen, whether it is online or on a personal safe space.

As you store your PK, the simple way is the best for me. Write it down on a surface that you only understand and know.

This could be a way, having some codes or unique type of writing that you are the only one who could understand. You just have to make sure it won’t be forgotten, won’t fade or be tampered.

[Gamerholic]

I think that I will not say anything new if I offer a regular cold wallet. Or two? Or three? I also think that bitcoins should not be stored in one place or one wallet because there is a banal human factor and should not be underestimated. Suffice it to recall a guy who is still looking for his old laptop beech in landfills, on which, at today's prices, there are about 220 million pounds worth of bitcoins. In order not to go crazy from such upheavals in life, it is worth thinking about safety in advance.

[DanWalker]

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the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you

The safest way is don't save your private key to your cell phone. use a "watch only" wallet on your cell phone.
If you import your public key to your wallet and use watch only version then there is no problem if your phone gets robbed, they can't access your funds anymore.
And save your private key to a piece of paper and keep it safe somewhere else. when you want to transact, only that time use your private key, better you could make offline transaction to confirm the best security.