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%.