hisuka2987
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Activity: 60
Merit: 1
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June 29, 2017, 10:08:37 AM |
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The best idea in storing these maybe in different wallets? one paper and one hardware and splitting the coin between them, although the difficulty will double in securing both of them but the risk will be lower.
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pixie85
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June 30, 2017, 08:50:31 PM |
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i will keep 50 bitcoin in a trezor hardware, 2 bitcoin in each of exchanges let say i used 5-7 exchanges for doing trading), the rest maybe i will save it in blockchain and i am not using the amount in blockchain in any purpose except i am on emergency situation. its the best way that we can do if we can save our bitcoin in many wallets but we need to managed on every wallet.
I hope you realize that hardware wallets can be hacked into. I read somewhere that they were able to retrieve private keys from a trezor by monitoring its power output with an oscilloscope... Not even anything near a difficult software hack, just a little tinkering and probing... They've upgraded it since then, but there are probably other ways of bruteforcing it. |
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keefryan
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June 30, 2017, 09:28:36 PM |
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i will keep 50 bitcoin in a trezor hardware, 2 bitcoin in each of exchanges let say i used 5-7 exchanges for doing trading), the rest maybe i will save it in blockchain and i am not using the amount in blockchain in any purpose except i am on emergency situation. its the best way that we can do if we can save our bitcoin in many wallets but we need to managed on every wallet.
I hope you realize that hardware wallets can be hacked into. I read somewhere that they were able to retrieve private keys from a trezor by monitoring its power output with an oscilloscope... Not even anything near a difficult software hack, just a little tinkering and probing... They've upgraded it since then, but there are probably other ways of bruteforcing it. I politely suggest you do more research. In 2015 a hardware/software engineer managed to extract the seed from a trezor using specialist equipment. However this security issue was promptly fixed with a firmware update and in addition to having the required knowledge and equipment a thief would also have to have the actual trezor and the correct pin , pls remember the time delay with every wrong entry. I.e. 30 + entries = years. The engineer who did this now works for trezor. Hacking is nearly impossible due to the fact that the best hardware wallets never actually connect to the internet directly. |
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fasdorcas
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July 01, 2017, 08:21:37 PM |
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Print multiple copies of paper wallets each 1 or 5 BTC and diversify them between places. Also put half of them also in the bank deposit.
I agreed some how.To avoid hacking don't trust your friends and specially those who are unknown try to avoid friend and sharing your personal life with other.It can save your wallet in software cores too. Just think what are you said. Lets suppose if there is a paper of wallets would you save it though internet. you can just printout of your online wallet and can save with yourself. But it would never matter or care like having in internet. Try to understand what is wallet and for which purposes it is uses. |
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Daeone
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July 01, 2017, 11:13:04 PM
Last edit: July 02, 2017, 02:07:37 AM by Daeone |
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100? I would personally design a custom bill and print pretty little hollogram stickers to cover the private keys and make 100 of them. I'd put a bitcoin on each one. I would have a lot of fun with this. I'd probably split them up like 20 in 4 different bank safety deposit boxes and the last 20 in a home safe that's bolted or embedded into the floor.
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equator
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Activity: 1190
Merit: 1002
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July 01, 2017, 11:15:36 PM |
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for me very simple , 30 btc i will convert them to fiat currency and invest them in real estate. 20 btc i will keep for future expenses and playing in sports betting. Balance 50 btc i will keep in a hardware wallet and forget it for long term future.
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BartS
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July 03, 2017, 07:50:29 PM |
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I think that for storing such a large volume of Bitcoins, the only safe option is multiple hardware wallets. But I am not that familiar with hardware wallets either. I know that they can't be hacked. But is it possible to store the backups in multiple locations? What will happen if the hardware gets corrupted?
If you have the seed then I guess you are fine, you could create several backups of the seed, encrypt them and then you keep your encryption key under your control that way no one but you can access to your seed. |
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whitemacna
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Activity: 123
Merit: 10
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February 26, 2018, 11:23:36 AM |
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I think splitting them up is a good idea. I split my coins in increments of 10, I have been thinking about lowering to 5, that way if I need to sell some without compromising my other coins, i just redeem the 5 coin, or better yet, have a mixture. 1 25btc, 3 10btc, and the rest 5btc.With 10 paper wallets you risk them being destroyed. You also have the problem of not having a true hot wallet in order to send bitcoins on the fly with unless you carry the paper wallet in addition to your phone and scan in the key.
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webdevmastery
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February 26, 2018, 11:28:57 AM |
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I think that for storing such a large volume of Bitcoins, the only safe option is multiple hardware wallets. But I am not that familiar with hardware wallets either. I know that they can't be hacked. But is it possible to store the backups in multiple locations? What will happen if the hardware gets corrupted?
If you have the seed then I guess you are fine, you could create several backups of the seed, encrypt them and then you keep your encryption key under your control that way no one but you can access to your seed. If you are having a hard time what holder you should use to keep your bitcoins save then the best thing to do is ask some reliable person who are already pioneers on trading or anyone who is capable to give you advice on how to keep your coins safely. |
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Sab11
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Merit: 100
io.ezystayz.com
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February 26, 2018, 11:41:00 AM |
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If you have a 100 bitcoins right now your a millionaire  back to the question, the best wallet to hold your bitcoins is cold and offline wallet that is the most secure wallet to store your bitcoins i know, cold and offline wallet is better than paper etc wallet. |
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Bes19
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February 26, 2018, 11:44:49 AM |
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That kinda hard especially here in my country since we only have one trusted and popular online wallet. But splitting it up would be a great idea. Multiple hard wallets is the answer to your question lol
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wndrbr3d
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February 26, 2018, 11:47:14 AM |
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If i had 100 BTC i would buy 4-5 Ledgers and Notebook (with turned off wifi module), divided my BTCs in equal parts on ledgers, save passphrases on notebook and encrypt it.
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jaocoincrypto18
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April 17, 2018, 11:35:25 AM
Last edit: April 17, 2018, 10:17:52 PM by jaocoincrypto18 |
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That kinda hard especially here in my country since we only have one trusted and popular online wallet. But splitting it up would be a great idea. Multiple hard wallets is the answer to your question lol
Having 100 Bitcoins is a huge situation in which if i will have that amount then i will slowly to convert it to cash and use it as capital to own a big businesses like having my own local exchanges in which while i'm earning it keeping my 100 Bitcoins safe for free but if you really want is just to make your 100 Bitcoins sleep then indeed buying multiple hard wallets is the best and most common suggestion because it is 100% guarantee safe like Ledger Nano S or TREZOR. |
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kabirhusen
Jr. Member
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Activity: 30
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April 17, 2018, 11:45:37 AM |
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in this above link https://bitcoin.org/en/choose-your-wallet you can found all of bitcoin trusted wallet list.I would prefer Electrum wallet.Its best to me,I am using this wallet for regular and holding bitcoin. |
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george888055
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April 17, 2018, 11:45:57 AM |
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I don't have 100btc, but if I would - I would store them on a different physical electronic device, built for the sole purpose of securing bitcoins.
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Eleanorjean11
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April 18, 2018, 07:48:29 AM |
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When I read that I think I found a possible GENIUS idea: print the physical wallets half their scales and glue them to a page of a random book from your bookshelf. Remember the books' color and make sure there is no other book of that color in the bookshelf or just mark it so only you know that it's the "safe" one, and put it back in the shelf. Even if a thief comes and throws away all the books, the chances will be VERY small for that book to open exactly at the page they're glued!
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