sheenshane
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November 15, 2021, 11:30:57 PM |
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It is very common for a phone or laptop to be stolen or snatched.
The personal gadget should not be good advice to store your keys, there are too many instances that it can be lost, destroy, snatch, or damaged by the disaster. A hardware wallet is a good advice, it also has protection if your gadget used has a malware infection not directly be leaked to the wallet you have used. The idea of keeping private keys in a military grade vault is good but if I have 2000 BTC the first thing is to split the coin into 5.
I don't know what to do if I have this large amount but even if you store it in your drawer and no one knows about it then you're safe. The best is it should be the key ingraved on the metal, it has a protection gainst fire or any disater that will come.
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AicecreaME
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Activity: 2464
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OrangeFren.com
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November 16, 2021, 07:17:38 AM |
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Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick? For a small to an average amount of bitcoin, I think a hard wallet as storage would be enough. Although anyone should still be careful despite having this because after all, it doesn't really guarantee a 100% safeness of your fund most especially if it involves human error. It just prevents hacking but the owner is still the one responsible for how to maintain his funds safe (e.g from inside job, phishing, and other forms of scams). But if I were to have 2000 bitcoin, I would diversify it as much as possible to be sure just in case things go haywire in my one account, not everything will be compromised. I would use cold storage to safeguard my seed phrases or probably I will do the traditional way of securing them which is writing them down on a piece of paper and hiding it in a safe spot where no one else knows about. Or I would make some sort of cryptic messages or riddles to indirectly store it without other people noticing that it is an important thing if they would happen to see it, but definitely, I would still hide the book where I would write it down to.
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Pmalek
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November 16, 2021, 08:07:36 AM |
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The personal gadget should not be good advice to store your keys, there are too many instances that it can be lost, destroy, snatch, or damaged by the disaster. Private keys and seeds should never find their way to a digital storage under no circumstances. People have asked what if I encrypt it, archive it with a password, keep it in my mail account protected by 2FA, my Google Drive. All those are bad ideas waiting to bite you in the ass in case your hardware breaks or you get hacked. A seed written on paper safely tucked away somewhere beats any digital copy. Staying under the radar and being shush about what you have is another advice that many bitcoiners don't respect. It's no one's business what you have, so don't brag about it in public or discuss it with people you don't trust.
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thepriceinsats
Copper Member
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Activity: 91
Merit: 27
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November 16, 2021, 08:08:53 AM |
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Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick? I am just waiting on my Ngrave an EAL 7 device for extra safety, but I do like the walls idea and a hidden trail of breadcrumbs if I had an untimely death......
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tygeade
Legendary
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Activity: 2324
Merit: 1062
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November 16, 2021, 09:55:46 AM |
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Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick? It would be a very difficult thing to do if you want to carry the 12 phrase of your private keys in your head. At some point you might end up forgetting the keys and it might be at a time when you are in dire need of it and you then end up losing access to your cryptocurrency. So, it’s best to choose a safer means than that, unless maybe you know for sure that you’ll be able to remember it always and also as it is written on the paper. I think writing down your private keys on a piece of paper and maybe storing it in a vault (if you have one) would be a safer way to keep your private keys. Then I’ve also seen people who just write them down in their notepad and store it online, although some people are going to tell that you run a risk of hackers having access to your keys at anytime if your device or the platform you stored it should be hacked. But I’ve never seen that happen before.
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Sebas.tian
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November 16, 2021, 11:05:06 AM |
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If I have such amount of BTC in my wallet, the key will be inside my heart because if you expose your key to the community they will have access to your BTC and bring you down to zero level in the community. If you keep the key in your house your wife or children can miss use them anyhow without your notice. If you store your keys in your phone, if you misplace the phone you have loss all the money in your wallet account. If you store them in the bank it will be very easy for the bank officials to have access to your keys base on your personal details you have provided for them. The best place to store your keys is in your heart because nobody can have access to your BTC unless you show your keys to them.
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Shawn20
Jr. Member
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Activity: 434
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November 16, 2021, 11:19:28 AM |
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Securing may be a main priority to any crypto investors. Because there is so much hacking occurs in every investors wallet. So insure safety, you must store your keys to the safe places such as your email drafts, in your safest online notes or may be in the notebook of yours at home
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btc78
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November 16, 2021, 11:53:59 AM |
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Securing may be a main priority to any crypto investors. Because there is so much hacking occurs in every investors wallet. So insure safety, you must store your keys to the safe places such as your email drafts, in your safest online notes or may be in the notebook of yours at home
Never put your keys in Online places , emails will be risky place to hide your keys, it is much better to make a list and put in your underwear than Emails lol. The idea of keeping private keys in a military grade vault is good but if I have 2000 BTC the first thing is to split the coin into 5.
if i am? dividing into 10 equal parts is the safest. 200 Bitcoin is a Lot of money and keeping this is really a risky .
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noorman0
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November 16, 2021, 12:13:10 PM |
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I store your keys in my private and secure in my offline in ms word excel and all offline palces i will not store key in online places
Ok, so you're throwing in a bit of a sneak peek here. Then, how many people are allowed to use your computer, especially the web browser you use to access this forum and how many word files are stored on your computer? Security guarantees are not only in terms of the objects you use, but also your caution not to knowingly leak it. If I have such amount of BTC in my wallet, the key will be inside my heart ...
Really touching , I guess you can only put love there. I hope you find a repair shop to recover your private key when your heart is broken.
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macson
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November 16, 2021, 12:30:52 PM |
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Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick? if i have 2000 bitcoins then i will use some of it to buy a house which is big enough and also a very safe vault. i currently store my entire private key wallet on my iphone icloud, i followed some of my friends advice because they explained iphone security is pretty strong. i think providing a safe to store my private key wallet is very complicated and i don't have enough room space to put it, Besides that, the amount of bitcoin i have is still small.
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aoluain
Legendary
Online
Activity: 2478
Merit: 1395
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November 16, 2021, 01:04:48 PM |
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Apart from the private keys being stolen what are the 2 biggest threats to anything holding the keys?
Fire and Water
What is fire proof and corrosion proof?
Stainless Steel
So stamp your keys onto the SS and store that out of sight.
Giving your private keys to some other person or group to store it safely goes against everything Bitcoin was designed for.
If you need your keys at 11pm at night on a Saturday but your bank is closed, you have to wait until Monday morning at a time of their choosing.
Be your own bank
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Dripstoil
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November 16, 2021, 01:13:19 PM |
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If I had such amount I wouldn't worry about keys, because these coins would be splitted among different third party platforms to generate passive income. It makes no sense to have so much money like 2000 bitcoins and keep it hidden like a pirate treasure. Bitcoin's purpose, like the purpose of any currency, is to serve its holders in the most effective and profitable possible way. Otherwise, what would be the point?
People are unnecessary going above and beyond in effort to keep their Bitcoin secure when in reality it's more secure and more useful being in your exchange account. Trust me, your Crypto is by far more secure in a platform like Benance than anywhere else, as long as you have your computer and mobile devices fully secured. If anything happens to your Bitcoin in those platforms, you have someone to hold responsible and get your money back. When you take full responsibility, you bear the full loss if anything goes wrong. This may sound naive to to some but a Dedicated Gmail that you access only through a secure whitelisted phone is the best place to store your key. Gmail is almost impossible to hack If you take some simple security measures.
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maydna
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November 16, 2021, 01:31:18 PM |
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Crypto investors are turning to Military grade vaults to safeguard their Keys. While some prefer to know the Keys by heart, some have their crypto stash in physical dedicated crypto wallets like Trezor and pay big money to have them stored in Nuclear sheltered safe vaults. Take for instance Swiss Crypto Vault who offers Nuclear sheltered vaults to crypto investors. if you had 2000 bitcoins what options would you pick? if i have 2000 bitcoins then i will use some of it to buy a house which is big enough and also a very safe vault. i currently store my entire private key wallet on my iphone icloud, i followed some of my friends advice because they explained iphone security is pretty strong. i think providing a safe to store my private key wallet is very complicated and i don't have enough room space to put it, Besides that, the amount of bitcoin i have is still small. I will not use all of 2000 bitcoin at once because that can make me in trouble. After all, the banks will be suspicious of my account and investigate it and ask me. It is better to use some amount to buy a house and do not withdraw that funds at once. You can withdraw for a small amount and repeat the process many times to avoid the alarm from your banks. Anyway, I store my keys in a safe place, and only I know that place. I do not tell anyone, but I write a letter just in case I can't survive longer to my family to continue using my bitcoin. I also tell them how to use bitcoin, and hopefully, they will use it right.
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zaesvlas
Jr. Member
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November 16, 2021, 01:51:18 PM |
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In general, this is a very important question. It is always important to pay enough attention to safety. For example, I try to store keys on different sources.
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ChiBitCTy
Legendary
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November 16, 2021, 02:04:49 PM |
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I personally would use a number of different things if I had that many bitcoins. I would keep a number of paper wallets that are simply very well protected, I'd use metal engraved key tags and perhaps I would try and learn a private key stain or two, but that is pretty difficult and something you'd have to work very hard at which I'm not sure would be completely necessary.
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AakZaki
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zknodes.org
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November 16, 2021, 04:19:32 PM |
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if you really have 2000 Bitcoin assets, tight security is really needed, and only me and trusted people can access, and the security of the private key backup data will be maintained. If you use the Swiss Crypto Vault service, which offers an anti-nuclear safe, it might be a solution because it is a very valuable asset. But a simple way that can be done is to also engrave it on a steel plate or aluminum plate and store it in your personal safe which is sure to be safe or buried underground.
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Tigerheart3026
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November 17, 2021, 01:18:17 PM |
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I will work out some way to break up the 2000 bitcoins into smaller chunks, for example 10 bitcoins per Bitcoin address. I will then create several paper wallets and I will laminate the paper wallets to protect them. (Make 3 copies) You then store those bitcoins at 3 different geographical locations to protect it from natural disasters. ( I removed my favorite number from the private keys so that nobody that discovers them, will be able to sweep them without going through a lot of guess work ) You can also engrave the paper wallets on aluminum cards, if you think the paper and lamination will not protect it. i have not so much worth of money. btw still i used tricks like you have been mentioned that, physical store is the best safest way i think. before printed my private phrase, i edit that like i removed 3 digit from the middle of the private key and which i never forgotten.
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lovesmayfamilis
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November 17, 2021, 02:26:02 PM |
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Trust me, your Crypto is by far more secure in a platform like Benance than anywhere else, as long as you have your computer and mobile devices fully secured. If anything happens to your Bitcoin in those platforms, you have someone to hold responsible and get your money back. When you take full responsibility, you bear the full loss if anything goes wrong.
As long as you don't have a large number of bitcoins, you can store your keys anywhere, writing them down everywhere (sarcasm). But as soon as you have accumulated a decent amount, I doubt that you will trust even the most popular and well-known exchange. And also Google credibility is the last thing I choose for today. Therefore, all the talk that if the exchange is hacked, you can demand a refund, may sound from someone who does not own a large amount. Once a person starts to worry about a significant amount, he is sure to find out and protect his assets in smarter ways.
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suzanne5223
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November 17, 2021, 03:42:22 PM |
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The idea of keeping private keys in a military grade vault is good but if I have 2000 BTC the first thing is to split the coin into 5.
if i am? dividing into 10 equal parts is the safest. 200 Bitcoin is a Lot of money and keeping this is really a risky . Yes, 200 Bitcoin is a lot of money but splitting 2000 BTC into 10 equal places is what's important cause it how keep the wallet seeds that matter. I will prefer physical wallet if i had 2000 BTc. At this time i using metamask and Trustwallet but i feel that uts not safe here because some days ago someone hack my account and send BNb and Etherium from my account. At this time i have save all my Keys on Gmail and secured my Gmail.
All the wallets you said are safe mate but only if you prevent human error just like you're still doing by keeping your wallet online. I have an important message below for you to read. So weeks ago I lost over 20k USD in Crypto.
I had all the private keys, passwords, etc saved in my email draft & I had 2 fa SMS verification didn't know that someone can break it easily. Ended up losing all my savings. Don't use sim verification ever it's pointless there are multiple ways to break it.
If you can afford then buy a hardware wallet. and if you can't then don't store your important data online or anywhere connected to online.
Write down on paper secret codes & keys.
Use different passwords.
Again be very careful with security, If you keep anything online then you're putting yourself at risk.
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famososMuertos
Legendary
Offline
Activity: 1960
Merit: 3080
LE ☮︎ Halving es la purga
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November 17, 2021, 05:00:14 PM |
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I think there is always the concern of where do I keep my secret keys? But the issue lies in a greater complexity than even using a bunker (eg). In fact of the actual use of bitcoin at some point, because the fact that only you know what your phrases are or where they are stored only guarantees that Nobody can enjoy them, for example if you suffer an accident that limits you in the use of your mental abilities or you die, then it requires the use of the many traditional ways that exist, that if adding the extra security in the use of bitcoin.
In reality, although it seems very technological or novel and safe to use all the mechanisms you mention, in practice it requires the addition of certain very traditional or conventional rules, which include legal standards.
In any case clarified the above, die-cut in metal. The other alternative is that I would write a book of poetry and in the prose I could include some words and the last one I cannot mention is private.
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