How to safely store big amounts of BTC?

[antisocial77]

i have no idea why those hardware wallets are expensive that much.if you are poor like most of us is the best way use incredible hard password and use different passwords for mail and exchange.and ofcourse 2fa.

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[Nhor1011]

Always make a back up wallet for your funds. Don't put all your bitcoin in single wallet although hardware wallet is safe much better to have a paper wallet. In over all it is still depends on how you will take care of your bitcoin.

[DoublerHunter]

The most popular and safe method to store high amounts of Btc is a hardware wallet. (Ledger Nano S, Trezor etc.)

Another cheaper option that offers about the same security is a paper wallet, but you need to take care of where you store the "paper".

I bought a Ledger Nano S last year and I'm very happy with this investment.

^ Technically you were right if that wallet is open source then your bitcoin will be fine and safe to store and nothing to worry. Just keep your seed phrase safe including the password and write it into a piece of paper and place into a safe place. I may advise if you have a big amount of bitcoin use 2 wallets and split it into two. Why? Because I believed on sayings that "Don't put all your eggs in one basket if you don't want to lose it all".

[Vishnu.Reang]

A hardware wallet will not solve the security problem of storing your funds 100 percent. But it’s still safer than storing it on a computer. Personally, I use a regular wallet. Just trying to pay more attention to safety.

If you take the adequate security precautions (2FA, email authentication.etc), then an online wallet such as Blockchain.com can give as much safety as a hardware wallet like Trezor or Ledger. But one advantage with these hardware wallets is that they are also capable of holding a large number of altcoins, in addition to Bitcoin. Blockchain.com on the other hand only supports BTC, BCH, ETH and XLM.

[Dontme]

Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

Your idea of storing your BTC in different wallet is the best decision to minimize risk. I think it is safer and more convenient to just use 5 different laptops to avoid confusion and to be more focused on keeping fewer laptop safe from getting destroyed, also when your house gets on fire, you won`t be carrying 15 laptops.

[bitbunnny]

A hardware wallet will not solve the security problem of storing your funds 100 percent. But it’s still safer than storing it on a computer. Personally, I use a regular wallet. Just trying to pay more attention to safety.

Exactly, there is no solution that is 100% safe and secure and people need to be aware of that. Combination of multiple types of wallets, among other hardware wallet is good option. Still without awarness that everyone is responsible on his own for coins and that is needed to be precautious people will still lose their coins.

[ratonoklo]

I have heard about credits the unique system of building a blockchain allows you to build financial services with high speed transaction processing up to 1 million per second and average speed transaction processing in 3 seconds. I think it truly opens up new opportunities to use the blockchain technology in the financial sector.

[Dondont]

Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

Of course not, I think hardware wallet is the safest device to store Bitcoin especially if you have such a large amount. Moreover, the system in the wallet hardware can also be accessed if you have a copy of the Private Key. So if you lose it you can still recover with another hardware wallet or with your computer

[Tigerw]

There is such a very wise expression, when even a stick can shoot at least once in a lifetime.  This proverb can also be applied to the security of a hardware wallet.  Based on this, it is not necessary to store all the eggs in one basket.  It is best to have several wallets and distribute all your coins into these wallets ..

[veleten]

never understood the spreading of your coins between several wallets
store your coins safely in an offline wallet or a hardware wallet , dividing your coins between 2 or more wallets increases the risk of losing them , not adding to security
use a hardware wallet or a DYI hardware wallet aka old laptop with hdd hard formatted and a clean OS installed with ONLY a wallet installed  and nothing else and once the coins are in , disconnect it from the web and never use for anything other storing the coins
15 bitcoins is not an amount of money to lose sleep over it is only 165.000$ , unless you compromise your device yourself or simply lose the wallet or forget the private keys you won't risk losing your bitcoins

[xSkylarx]

I think if you want to safe your big amounts of btc, just use wallets that most trusted that no one can hard to hack. There are some types of wallets we can use to store but it depends on you if you choose hardware, and the other amount of your btc will put on online wallet. And its your choose if what you think is most safer wallet.

No wallet is safe if the user won't secure it properly even if they use those ones that are already trusted. If you have a large amount of btc, it's better to divide it into multiple wallets to prevent losing it in an instant. Just don't trust anyone even if your family to gain access on your wallet.

[diahsw]

Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

Like lending new technology, there are loans related to digital currencies. You value the risks and make sure you do ways to protect yourself and your money.
-Here are the steps you must take to safeguard yourself.
-Always make sure the site address you are visiting is correct and not a fake site
-Use two-factor authentication in all Bitcoin wallets and your email address
-Use a password manager program
-If you use a Gmail account, do a security check
Know in depth before investing in anything. If the promised benefits sound too good to be true, chances are it's just an illusion / fraud. Also check Bad List at badbitcoin.org. If your investment company is here, that means they are fraudsters.
and another thing is Never store large amounts of Bitcoin on the Exchange website for a long time, because the wallet provided by the Exchange site is basically their wallet address especially if the wallet has a generate feature (making a new wallet) then you can be sure the Bitcoin will lost. To save a large number of Bitcoin balances and in the long term you should use a wallet from a wallet service provider.

[krb91]

It depends on whether or not you want to store them inline or offline. Online storage of large amount of BTC or any crypto is not advisable. You could generate multiple addresses and split it for starters using cold wallets with their details stored in a safety deposit box in a bank. Its  money after all.

[pinggoki]

Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.

I think two should be enough because the more wallet you use it could tend to confusion, especially on code or passphrase. By the way, I like the idea of putting your coins in a different wallet in order to lessen the risk of wiping all of it in case. And much better if you will use a hardware wallet Trezor or ledger.

[nutella_11]

In my opinion, offline storage is the most safe, I recommend to invest in cold wallet

[matt7]

In my opinion, offline storage is the most safe, I recommend to invest in cold wallet

imo cold wallet are the best and safest option. i don't know you heard about Bitmarket which suddenly closed down, users lost all money because they had held their money on exchange...

[clair508]

Use hardware wallets.Its more secure than anything.Which stores the user's private keys in a secure hardware device.
    Ledger Nano X
    TREZOR
Different bands different prizes.Read reviews and get what you like ..Google it.

But securing that hardware wallet is up to you.Keep that safest place


If you want to know more about hardware wallets
https://en.bitcoin.it/wiki/Hardware_wallet

[Vishnu.Reang]

In my opinion, offline storage is the most safe, I recommend to invest in cold wallet

imo cold wallet are the best and safest option. i don't know you heard about Bitmarket which suddenly closed down, users lost all money because they had held their money on exchange...

You have only yourselves to blame if you store the coins in exchange wallets and then lose them. More than 80% of the crypto-exchanges have been hacked at some point of time, and this includes all the major ones such as BTC-e/Wex, Mt Gox and Binance. The only scenario in which I would consider storing some of my coins in an exchange wallet is if the desktop wallet for that particular altcoin is very heavy and if the net worth is lower than $100.

[Ibizugbe1]

I am yet to get a hardware wallet because I don't have enough bitcoin yet that will be giving me cause for concern, when I am finally ready, I will go for 2 hardware, one will be for storing for future use, which will never come online, while the other will be for intermittent sending online.

[pawanjain]

Storing bigger amounts of BTC is surely a risky job. A slight mistake and you might lose all your coins.
While the best option to store coins would definitely be a hardware wallet, it is still risky to secure the hardware wallet.
You can still keep the seed of the hardware wallet in multiple safe locations though. Also, you can use Mycelium wallet and store your bitcoins in it.
You can then store the seed in safe locations and never worry about maintaining a hardware wallet separately.