How to safely store big amounts of BTC?

[Aying]

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

It is suggested that huge amount you have you need different wallets to store it. you know, hackers are everywhere and they are prepared on this kind doings so better to have secured wallets. but for me I don't store huge amount on crypto I don't risk all what I have in crypto. I know it is hard to transfer every time I want to trade but I prefer to do it than to risk it in any wallets and think anytime that it is possible to hack and disappear.

[gabmen]

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

It is suggested that huge amount you have you need different wallets to store it. you know, hackers are everywhere and they are prepared on this kind doings so better to have secured wallets. but for me I don't store huge amount on crypto I don't risk all what I have in crypto. I know it is hard to transfer every time I want to trade but I prefer to do it than to risk it in any wallets and think anytime that it is possible to hack and disappear.

Yeah, though if it's a really big amount, I'd invest on a couple of hard wallets like ledger nano or trezor. I won't risk my bitcoins by keeping them in online storages even if I have the private keys with me. A determined hacker will find ways around your private keys and though the likelihood is small, I'm not risking them to be taken from me.

[bettercrypto]

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

I did not yet tried this platform. But as far as I see the comments and updates regarding with Coinbase, it seems like it is good also. I thought that it was just a wallet who had security features which cannot be intercepted by hackers easily. But in case of storing large amount of BTC I will go for electrum or cold wallets.

[garyrowe]

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.

No matter the amount of btc owned, it is of no use to store them in different hardware wallet. It is better to store them in a single hardware wallet and keep the privately or pass phrase in a safe place. It is advisible to duplicate the keys in numerous paper and safely keep the papers in safe locations. With this you can easily recover your assets even if your hardware wallet get destroyed or missing.

[Colt81]

Basically, you can simply store a huge amount of BTC in hardware wallet like ledger because it will be much secured that hackers could not easily get access on your wallet to steal all of your funds. Unlike using online wallets it is not that really secured because no system is safe for hackers when your wallet can be access through online.

[danggoron]

I have experienced an unpleasant incident, my wallet was hacked, my BTC-reward from a contest article was stolen by someone. It was frustrating even though I had installed multiple security for my wallet and email, but the hacker managed to crack it. I do not know, what mistakes I have done so that my account can be hacked, I finally plan to buy a hardware wallet for better security.

[Mumbeeptind1963]

Basically, you can simply store a huge amount of BTC in hardware wallet like ledger because it will be much secured that hackers could not easily get access on your wallet to steal all of your funds. Unlike using online wallets it is not that really secured because no system is safe for hackers when your wallet can be access through online.

Hardware wallet works because it is too hard to hack , but also you need to activate and install anti malware to your PC so that it wi block all those malicious content to control which software you installed in your device. You may try to save some of it in web too, I think it is good if atleast 20% or 30%  of it is save in an exchange I think use that btc wallet in an exchange to save your money use 2FA and make your password an alphanumeric one.

[Firecold4]

In my opinion 1 wallet is enough to keep your assets safe. I recommend a blockchain wallet because in addition to the high level of security and the occurrence of a scam it is almost impossible because every transaction is stored on the blockchain.

[akirasendo17]

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.

The idea is to store your bitcoin and to be secure not to have lots of laptop, so you have to plan this very carefully,

• First decide what wallet are you going to use
• Second now you have decided for a wallet how are you going to secure the wallet
• Third What are the different ways to backup the wallet to make sure you will have a backup in-case something bad , and i mean really bad happens
• Fourth look for this features on the wallet that you have selected if they all have the features you are needed

There are lots of hardware wallets now and they all have features it will only depends now on your decision good luck

[rmhuntley]

The safest way to store your Bitcoin is to use hardware wallets such as Ledger and Trezor. With hardware wallets, you will always need this hardware to access your Bitcoins, making it safer. And you must also provide physical consent to make transactions. This feature can improve the security, because if there is a hacker who attacks your computer, hackers will not be able to physically press the button on your hardware to give you the approval of the transaction.

Source

[TIDOVEE]

In my opinion 1 wallet is enough to keep your assets safe. I recommend a blockchain wallet because in addition to the high level of security and the occurrence of a scam it is almost impossible because every transaction is stored on the blockchain.

Your level of security consciousness is good but creating many wallet hardware I won't advise, it may still be detrimental so that you won't still end up loosing the protected when the password becomes too numerous.i will suggest you use a maximum of 3, because you may end up confusing yourself the more.

[Jalinayr]

I  think using many wallet is not good for me For me it is good storing it to any kind of hardware wallet using 1-2 wallet only. Hardware Wallet like Trezor or Legder is good in security so that you can use but I prefer only 1-2 only.

[Darooghe]

Might you call me old fashioned but the best way to store is on multiple encrypted paper wallets, backed up to a regular old hard drive which you control and encrypt and never expose to the internet. Then back it up a few times over. Even if found, yours keys will be encrypted with a strong password. This way you are relying on nobody but bitcoins native cryptographic algorithm.

[Cryptoheavy]

Two words:
hardware wallet
Really, this can solve a lot of problems

[Xcode7]

Two words:
hardware wallet
Really, this can solve a lot of problems

so far the hardware wallet has become one of the best places to hold the funds they have, the most important thing in storing data and also when accessing the wallet must be very careful so as not to experience bad events. and the last is to backup data if needed

[KnightElite]

Two words:
hardware wallet
Really, this can solve a lot of problems

so far the hardware wallet has become one of the best places to hold the funds they have, the most important thing in storing data and also when accessing the wallet must be very careful so as not to experience bad events. and the last is to backup data if needed

I bought a hardware wallet and it is ledger nano s which I estimated cost of $60 per each. Even though it is expensive, you can ensure that there is no hacker that can steal your funds but there is also risks, just make sure to buy in their website and not to online shopping like eBay and many more.

[tungaqhd]

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.

Hardware wallets are great choices, popular wallets are Ledger Nano S and Trezor. You should not store on exchange or wallet that does not allow you to control private keys.

[BeManga]

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

yes storing bitcoin in different wallet is the right thing to do to prevent from losing all your bitcoin

[GideonGono]

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?

Hardware wallets have recovery seed isn't it? You can just recover it if it somehow been damaged then buy a new one immediately and transfer it all to the next one. There is no need to have a lot of hardware wallets really but maybe you can do fine by 2. You could use the second wallet as a back up in case something might happen to the first one. The one that you need to think about is how to store your recovery seeds which the major rule is to never leave any traces on any digital devices meaning you need to write it in something physical and store it somewhere safe i.e. away from prying eyes and hands.

[HardFacts]

Hello,

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

The safest way to store a big amount of bitcoin is in US Dollars 🤣🤣🤣🤣   You could store your bitcoin in a hardware wallet, but you will still lose it when the price of bitcoin goes to its intrinsic value of near zero.   The only thing that makes bitcoin worth anything is what some greater fool is willing to pay for it, once this market psychology changes, bitcoin will crash faster than you ever thought possible.

I have invested in the wrong side of bubbles, and learned the hard way.  Bitcoin was great while the bubble was on the way up, but no one gets something for nothing !!!   When the bitcoin bubble pops, you will see just as many people lose everything that got rich on the way up. 

The saying " BLINDED BY GREED" exists for a reason, and the people in this forum are the perfect example of this 🙈🙈🙈🙈

Hard Facts