The right way to store Bitcoin for long term

[kramat]

Investment is important of the bitcoins. Bitcoin is good opportunity for future savings. Bitcoin day by day increasing the price. So this right time to invest in Bitcoin. Hold the bitcoins long time. Then you get more profits.

[ourkid]

Great, thank you guys, I've got a lot of response to my thread, which I highly appreciate, and plenty of advice on how to store bitcoins.

I do think this is something that will need improvement for accessibility for 'n00bs' to BTC, as it's a fundamental need for all who adopt for the end goal of a decentralized currency, rather than holding just for the gainz.

[marcbitcoins]

If you are low in money you can use paper wallet, just do not lose it and do not save in visible places. If you have more than 1 BTC then use a hardware wallet. It is considered a hot and cold wallet with numerous safety features built in that comes with a recovery phrase in case it gets damaged. Probably it is the most secure solution to store your BTC and keep them safe even if your computer is infected (hacked).

[mezzaluna]

Hi guys,

I've been trying to learn about how to cold store securely my small bitcoin holding, and where I can move to as I buy more. I expect to be picking up more and more over the coming weeks and months.

1) Is something like a Nano Ledger or a Trezor the right method?

2) What app should be used?

Is there another more definitive, secure method of accumulating BTC for long term holding?

Thanks!

The current news revolving around Bitcoin being lost revolves around this Hardware wallets like this ledgers and yes, they really are secure because there can only be a limited number of tries to open it and you really need to remember your initial input password if you want to access your own money. Another thing that you can do is convert it whenever you need it but you can just HODL it in some local wallet that you have because this companies will surely stick forever.

[passwordnow]

Great, thank you guys, I've got a lot of response to my thread, which I highly appreciate, and plenty of advice on how to store bitcoins.

I do think this is something that will need improvement for accessibility for 'n00bs' to BTC, as it's a fundamental need for all who adopt for the end goal of a decentralized currency, rather than holding just for the gainz.

You're just getting started. It's a must to know that you should be the one holding your coins with the private keys. Knowing such information will make you aware of what wallets to avoid and to use.
After all of those suggestions, which wallet do you reckon to use as your cold storage?

[kotajikikox]

Hi guys,

I've been trying to learn about how to cold store securely my small bitcoin holding, and where I can move to as I buy more. I expect to be picking up more and more over the coming weeks and months.

1) Is something like a Nano Ledger or a Trezor the right method?

2) What app should be used?

Is there another more definitive, secure method of accumulating BTC for long term holding?

Thanks!

Seems that you have already idea about what you are asking because you even know what Ledger nano or trezor
Means and that is one good implication that you know what you are doing here.

That is the safest way storing your bitcoin even that is small amount. Because surely in time adding funds is what
You will need to do.
But make sure to keep safe your seed and key because it will be harder to claim your funds if those are mistakenly loss.

[GeorgeJohn]

The best way to store bitcoin is to either use a hardware wallet, a multisignature wallet or a cold storage wallet. Have your wallet create a seed phrase, write it down on paper and store it in a safe place (or several safe places, as backups). Ideally the wallet should be backed by your own full node

Holding Bitcoin for a long period can be done with any wallet provided that you have the private keys to penetrate into the wallet, see, from my points of views I seems that to store Bitcoin for long time based on decision making and determination and is not determined by the kind of wallet used to stored it.

[thecryptogandalf]

Get a cold card and setup a multi sig wallet with it. Then store the cold card in a separate location. Also it has the option to add a time delay from when you enter your pin until you can send funds.