How to safely store big amounts of BTC?

[coinbitte]

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've stored them on an old laptop, and never connect it online.

[1715044420]

1715044420

[ethereumhunter]

What about coinbase?  Binance?  Has anyone with 2FA had issues with this?

I prefer to use a hardware wallet than to save in coinbase or binance because the exchange can be the next target of the hackers. You need to use one place to store bitcoin especially if you have a large amount of bitcoin, so you don't have to worry about anything bad that might happens. So far, it still safe to use the hardware wallet and I think the price of the hardware wallet is not too expensive depends on the value that you want to save. But although you already save the bitcoin in the hardware wallet, you need to think about where you can keep the hardware and don't say to other people if you have bitcoin on the hardware wallet.

[sammyp]

If you can afford such an amount on bitcoin then there are so many ways to keep them safe without fear of loosing them one day. I would simply construct a metallic safe box which is rust resistant, keep my private keys in it and then dig to a reasonable depth in my bedroom, hide it there and cast concrete on it. I would not also use more than one hardware wallet.

[rodel caling]

It's better to stored huge amount of bitcoin in a different wallet to prptect and to avoid one time loses if the hackers attack. And of course your private keys need to keep safe even need it to print in hard copy and teach to your trusted family member incase of emergency.

[Oshetako]

For large amounts i would never ever trust a hardware wallet, too many people involved who know you will be using it for bitcoin storage.
Best to buy a really old laptop and install an old pre bitcoin OS you got.
Then transfer blockchain data and signed transactions via USB stick to a 2nd laptop that is online but never used for anything else than bitcoin core client.
I think armory also got a good system, but i did not check that out yet.
The good thing about that method is you can use really secure hard disk encryption to lock everything down.

[wildflower18]

This big amount of btc can be stored in a secured hardware wallet. Just make sure storing or keep safe the phrase whereas you can access or retreive your wallet anytime. Always make a backup of private keys or phrase. Although there are many options of wallet just choose the good feedback and very secured when accessing it.

[pragna]

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 how many wallets you storing is not factor. Factor is how well you keeping your wallets key files storing. You can store your BTC in two or more wallets and maybe in soft and hard wallet also but be sure that you encrypted your private keys in safe place. you can also keep your keys in different places but obviously not in Google drive that may hack at any time. So be careful and be safe.

Good day.

[bright4mech]

Base on my own experience so far, i prefer using Exchange platform to store and saved Bitcoin, mostly when it is more than 1BTC, because most exchange has a strong password, google authorization and OTP (one time password), that is best and reliable exchange to used.

[94K]

I think the problem is not how many wallets you keep big amounts of bitcoin but how you keep the password safe. Many people are careless and don't keep their private keys well which invite hackers into the system. Just be careful with your private key.

[minersday]

Using a hardware wallet is the best option for the storage of big amounts of Bitcoin. But if in case you prefer a software wallet, it will be advisable to have about four wallets in order to split your amount of bitcoin in portions. And with the software wallet, using an open source wallet is the best and safest.

[EdenDice]

Buy a Ledger/Trezor hardware wallet and forget all other online wallets. Write down your hardware wallet's seed/phrase code on several offline papers and never take a picture of those and don't bring them on the internet anyhow! If you lost the wallet then you will have the chance to recover your assets through the seed code in a new hardware wallet. Good Luck.

[zenhu]

As long as you safe your password and phrase word on hardware wallet, nothing to worry if you loss your devices. You can buy new devices again then restore your own wallet, make sure you already have backup file for it.

[nankers]

maybe you can use 3 or 4 hardware wallet and put your bitcoin evenly in the wallet and make sure that the codes or passphrase is secure. Cause if you lose your hardware wallet, you could recover the wallet using the passphrase. And i also suggest to not holding bitcoin for a long time in a wallet. move that bitcoin from one wallet to another periodically. And remember this, never use the public internet to open your wallet, use your private internet

[jekainvestor]

Two should be enough in my opinion. One of storing and one for recovering in case something happens to the first device.

Don't use wallets like Jaxx and Exodus, they are not open source, you never know what's going behind the scenes and If they have access to your funds or not.

Store everything in one device, write the seed down in multiple pieces of papers and hide them in different locations. If the hardware wallet gets lose or damaged, you could use the seed to recover your coins.

Yes, if I had such an amount I would hold it on different resources partly, of course it is better to use for this the separate device that is not used for different things like Internet or social networks. It is better not to keep the information about your keys or something like that on your gadgets at all and be extremelly attentive while trading. The security of your gadget should be strong enough and it is better to pass through the authentification.

[todiboa]

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.

To minimize the risks, you can distribute your Bitcoins to different hardware wallets, however, it will be more difficult to manage your asset. I would probably use one wallet for maximum convenience. Just don’t think that you can lose something.

[zviadits]

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.

Do you want to just securely store value in Bitcoin or make money on it? I would advise you to try different options using hardware wallets, wallets like Bitcoin core and also use some kind of top exchange. Try different options

[Naughty Princess]

Two should be enough in my opinion. One of storing and one for recovering in case something happens to the first device.

Yes, if I had such an amount I would hold it on different resources partly, of course it is better to use for this the separate device that is not used for different things like Internet or social networks. It is better not to keep the information about your keys or something like that on your gadgets at all and be extremelly attentive while trading. The security of your gadget should be strong enough and it is better to pass through the authentification.

I agree to not keep big amount on just one account, it is more advisable to use multiple account and do not used the same account with trading account because that is very cautious. Use strong security on the gadget and also keep the keys where you can easily access and make it have a multiple copy because forgetting the keys wont have any recovery.

[acsalles]

If I have a large amount of BTC, I will break it down into many wallets. Each wallet will connect to a separate USB to be able to store key keys safely to prevent hackers from entering

[zahed]

Different wallet is better to store big amount BTC but you have to definitely use a hardware wallet and don't worry because you able to recover it.
"Ledger Nano S" is the best i think any amount store will safe here.

[Prateek_sharma]

Coinbase is one of the best crypto trading platform that offers the secure trading service to the users.