How to store an extremely high amount of money in Bitcoin safely ?

[BruceLee007]

hmm i never thought about it as i never had such amount of bitcoins that i would have to decide where to put it in order to make them safe though in my opinion i would either make a paper wallet on a trusted online website with a computer that has never been used before or i would just buy a cold storage wallet that hardware one though it would cost a decent amount of money

[StevenS]

The only problem with paper wallets (and I using them as well) is when you actually want to spend it you have to find a secure way to do it (with higher amount of Bitcoins)... so probably importing the private key to hardware wallet anyway  

It makes sense to use multiple paper wallets. For example, if you have 10BTC, store it in ten 1BTC paper wallets. When you need some spending money, take one of the paper wallets and transfer it all (don't try to extract only part of a paper wallet) to your "hot" wallet. You will then still have 90% of your stash secure.

[Chris_Sabian]

but what if hackers can see there are 200 bitcoins on my bitcoin address ?

they will do everything possible to steal it from me..

Even if a hacker knew that you have 200 btc in a bitcoin address, s/he can not do anything with bitcoin as long as your private keys are in a safe place and you generated this address offline.
Hacking an address by guessing its priv key will take billons of years

There are many many addresses that hold more than 200 btc.  Take a look here:  http://www.bitcoinrichlist.com/

There are addresses that hold 10,000 bitcoins.  Some of these coins have not moved since 2011.  I would not be afraid of hackers if you generate the keys in a safe manner.

[humptycurrency]

i think localbitcoins.com is the safest option

[okae]

i think localbitcoins.com is the safest option

hell no!! never put all your eggs in the same basket!!

I always recommend to store them into different wallets, you know, just split it on all of them, thats the best way to be quiet about it.

[Kprawn]

You have a bit of  a problem... you ask in your main post, for the most secure way to store your Bitcoins and in another you want the convenience of spending it quickly. In that

scenario I would go for the Trezor and not the paper wallet option for everything. I would also still store a big percentage of the coins in cold storage. 

It's not easy to find a perfect balance, but you know your spending habits. Just adjust the amount based on that. I go for a 60/40 split... 60% goes into cold storage.

[BitcoinNewsMagazine]

Why not Armory?

Armory cold storage is very good. It is no more secure than Trezor but it is more private. The problem is you need to run two computers to use cold storage in Armory, one always kept offline. The Armory devs keep talking about Trezor support but will believe it when I see it.

[fravia]

well your coins cant be safe all the time as there is a very very tiny chance that the same private key can be generated for other user what means that he would have the access to your wallet, without this i would recommend you to use armory wallet as its free and everyone can use it to secure your bitcoins

[the_poet]

Install Electrum on an offline pc and save the seed either on a piece of paper or on an encrypted file on an USB key. Store several copies of your paper wallet/USB keys in SAFE places, each one being geographically distant from the others.

[ptiper21]

Easy just send to this wallet : 1LvLNEg4QNhu7yrkcQisQQH8HCZ2c3mJqW

And i promise you all your bitcoins will be safe in a cold storage.

scammer! be carefull with him!

[Decoded]

A Paper wallet would be the safest way to go. No viruses, and no hard drive faliure. I've personally printed one and sealed it in plastic and it's at the bottom of my fridge, so it's climate-controlled and it's protected by the plastic. Who would steal my fridge?

[ausbit]

A Paper wallet would be the safest way to go. No viruses, and no hard drive faliure. I've personally printed one and sealed it in plastic and it's at the bottom of my fridge, so it's climate-controlled and it's protected by the plastic. Who would steal my fridge?

Very nice idea to save the wallet at the bottom of fridge. my point is there is nothing extremely safe in the world to store the bitcoins. The thief and the scammers are having very smart brain to steal the things what they want and they don't care about the punishment, their family too when they are caught red handed.

[Rizky Aditya]

I'm looking forward for the safest solution(money doesn't matter) as I need to store serious money safely there.

I think the safest is a non-desktop, non-mobile solution. All you need is a private key. I recommend looking into multisignature which would require more than one key to send bitcoins on the network. You could get a 2-of-3 wallets, which means you need at least two keys out of the three keys generated.

The safest bitcoin wallet is definitely a hardware wallet. You definitely need more than 1 wallet if you want to keep your bitcoins safe.

[Duomo]

A Paper wallet would be the safest way to go. No viruses, and no hard drive faliure. I've personally printed one and sealed it in plastic and it's at the bottom of my fridge, so it's climate-controlled and it's protected by the plastic. Who would steal my fridge?

Very nice idea to save the wallet at the bottom of fridge. my point is there is nothing extremely safe in the world to store the bitcoins. The thief and the scammers are having very smart brain to steal the things what they want and they don't care about the punishment, their family too when they are caught red handed.

I would never store a paper wallet under an electronic appliance. Worst of Worst, what happens if the refrigerator has a leak and the private key can't be scanned. There goes a $1,000,000 or whatever large numerical value your bitcoins are worth. There are a few safe of storing large amounts of bitcoins.
Paper Wallets, Cold Storage on an offline computer, and Hardware wallets are the best methods of storing your bitcoin.
-My preferred method is a paper wallet deposited in a Bank's Safety Box.

[jethrorn99]

Hardware wallet is the way to go, if you got extremely high amount of money, then you can buy some and split your money in the hardware wallet
Otherwise, splitting your money to a lot of desktop pc could also help, as long you don't brag that you got a lot of money, then a hacker maybe hack your PC.
Paper Wallet is fine too, if you could save it in a safe place that out of things that could destroy the paper

[EdenHazard]

I've been reading about  Deep Cold Storages on wikipedia here: https://en.bitcoin.it/wiki/Cold_storage

It seems to be way more secure than an ordinary Cold Storage as my private key and everything would be stored in a safety deposit box which you must have to be able sending funds out from the wallet. So basically, without that box you can do nothing to the coins being inside my wallet.

I'm looking forward for the safest solution(money doesn't matter) as I need to store serious money safely there.

Thanks for your help...

nothing perfect system in this world,and also security of bitcoin storage,because of that,i just give suggestion, you should keep your bitcoin massive numbers in some storage, hardware online wallet and wallet, or perhaps save it in papper wallet as well, it will make your bitcoin safe.