How Whales Store Their BTC

[wxa7115]

Big players like Michael Saylor, the president of EI, or even some exchanges, i have been wondering how these guys store their BTC, their solutions, and their hardware storage.

Do any insiders know something? BTC

They do not really have more options than us, they are either using a hardware wallet or some sort of cold storage to secure their coins properly.

Now outside of the basics they could have additional security measures, like storing their hardware wallet in a safe or in a  secret room and hire guards to keep their personal belongings safe, however while that can improve security those are measures that are not necessary for the average holder like us since it is unlikely we will be attacked if we keep the fact we accumulate bitcoin a secret.

[Quidat]

Big players like Michael Saylor, the president of EI, or even some exchanges, i have been wondering how these guys store their BTC, their solutions, and their hardware storage.

Do any insiders know something? BTC

They do not really have more options than us, they are either using a hardware wallet or some sort of cold storage to secure their coins properly.

Now outside of the basics they could have additional security measures, like storing their hardware wallet in a safe or in a  secret room and hire guards to keep their personal belongings safe, however while that can improve security those are measures that are not necessary for the average holder like us since it is unlikely we will be attacked if we keep the fact we accumulate bitcoin a secret.

No one really knows but we could really assume about the basics but of course with added security.
As a whale or does simply hold huge chunks of coins whether bitcoin and other altcoins in the market then you cant really just make yourself that too confident on storing up your
hardware wallet under your bed specially if you do know that it isnt something an amount that you would be comfortable with on just having that kind of security.
Some might be using up non custodial wallets and making out some engaraved PK's on a metal sheet and store it on whatever they do prefer
but no one really knows on how they've been doing in terms of the security of their coins.

[Smartvirus]

I don't think there is any specialty to it for whales and regular bitcoin enthusiast. The wallets are very affordable and available and crypto enthusiast get these, stalk there coins and keep there private keys or seed phrases safe. That's all that really matters in the end, the level of security you give to your seed phrase or private key as, they define whom has access to or owns the wallet and not just having a wallet itself.
I think these guys would be a lot regular about the way they go about there hodlings buy would occasionally move it unto the exchanges to make some profit off it. That's what it's often about for them isn't it.

[tippytoes]

I don't think there is any specialty to it for whales and regular bitcoin enthusiast. The wallets are very affordable and available and crypto enthusiast get these, stalk there coins and keep there private keys or seed phrases safe. That's all that really matters in the end, the level of security you give to your seed phrase or private key as, they define whom has access to or owns the wallet and not just having a wallet itself.
I think these guys would be a lot regular about the way they go about there hodlings buy would occasionally move it unto the exchanges to make some profit off it. That's what it's often about for them isn't it.

I also don't think they have so much difference with regular crypto holder. Also, I think they also store in various addresses with secure keys. Not only one address but several. They can also possibly distributing their funds to different active trading accounts. I don't think they are only using one exchange in terms of trading their coins. But for sure, they also have similar mindset to regular crypto user when it comes to securing their funds.

[tygeade]

There are many other topics about this to say how the whales are saving their bitcoins since none can make sure about the owner of each wallet address unless they leak something, you cannot make sure about the owner, because the whales are usually saving their bitcoin in multiple wallet addresses that's how they cannot be tracked by other people because instead of one big fat wallet they will have multiple normal wallets to stay away from getting tracked, also since they have many bitcoins and they bitcoins worth a lot they will spend some money to buy a cold hardware wallets because the free whales are mostly unreliable for them.

I mean you may not know the owner of it, but you could definitely know how it would be done by looking at the big numbers and see address' with huge bitcoins in them and how they are storing it. I personally faced with many people who had 5k btc or more, that was my job for a while (worked at local ledger affiliate in my nation) and I can tell you that I have seen people that printed it on paper to people who did much more work.

So, there isn't a single answer to this, there are methods from as basic as keep it on exchange (look at how much liquidity in exchanges, meaning people put their money there too), to complex stuff like having medallions made with the phrases and such.

[pawanjain]

Considering that hardware wallets and air gap machines are the most secure wallets I think most of these whales would store their coins in these machines.
May be they are diversifying by storing their coins in different machines and storing them at different locations.
Nobody would announce their stored coins publicly anyway. So we can just speculate it.

[qwertyup23]

Big players like Michael Saylor, the president of EI, or even some exchanges, i have been wondering how these guys store their BTC, their solutions, and their hardware storage.

Do any insiders know something? BTC

Most likely they will store their BTCs in multiple hardware wallets which are inside some safe locks which are closely monitored and secured. Imagine, if you are an owner of tens to hundreds to thousands of BTCs, you would definitely invest into securing your wallets safety. Unlike banks who store your moneys inside a safe lock, you have the sole responsibility of depositing and keeping them safe until you use them for a specific transaction.

You would almost find it impossible to hear that a person is keeping their BTCs inside a respective exchange due to the nature of it being scammed in the past.