Best way to save your crypto !!!

[malekbaba]

I have locker in my bank. I have written down the codes in papers, made some copies actually. I secure my gold in that bank vault. A.d I keep my crypto codes there. I have educated my wife about crypto. Basic stuffs. And taught her to withdraw fund from cex, dex. So If ai die,  my wife will take control of my asset for my Children.
I prefer hardware wallet too.

[hero_the_bossman]

I have locker in my bank. I have written down the codes in papers, made some copies actually. I secure my gold in that bank vault. A.d I keep my crypto codes there. I have educated my wife about crypto. Basic stuffs. And taught her to withdraw fund from cex, dex. So If ai die,  my wife will take control of my asset for my Children.
I prefer hardware wallet too.

Hmmm. It's not a bad way to go, but I wouldn't leave my phrases to a place which is controlled by an entity like a bank.. Just to a place which would only I would know.

[Faisal2202]

Hello guys !

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !
I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.
I want to know your opinions !

You are already on the right track but don't forget to generate your seed phrase offline, like not on the ledge live, and don't forget to back it up in a secure place. There are many ways to secure the phrase like on steel plates etc. But you can go with whatever is best for you.

I will suggest to encrypt the seed phrase before storing it anywhere because once your encrypted, no one can know what you have written.

I don't want to call every service vulnerable because bad things can happen with anyone but to store funds I won't prefer Lido, as any smart contract based serivce is an easy target, and has a history of incidents must read before doing anything on it, and I don't know much about rocket so no comment.

[Adams0001]

You should always remember that only you will have control over your cryptocurrency, so why would there be any third-party control system? If you hold your Bitcoins on a central exchange, then of course it is controlled by a third party. In this case, you cannot claim ownership of your Bitcoins. If for some reason the central exchange freezes your account, you can certainly run into problems with your Bitcoins. If you choose a decentralized wallet and hold your Bitcoins in that wallet, you retain all access and control over your Bitcoins, and no third party can take control of your Bitcoins. So, you need to understand where you are holding your Bitcoins. On a central exchange where you have no control, or in a wallet that you control?

That is why is not always advisable to be keeping your coin in a central exchange because you won't get control over it when they have issues with the exchange or they hack the exchange you can lose all your bitcoin investment if is the coin you are investing. People that you see are leaving some of there coin in exchange is because they are trading it but if is about investment is better you should keeping in your wallet that you can control it anytime you need it you can take it and still return it back. So you need to be thinking before taking action we don't no the real exchange that will last forever so anything can happen to any exchange if there security as link mistakenly and you will lose everything and you can't do anything if they didn't refund you back, but your wallet will always self because no one can get access to your coin.

[LeyMonte]

In my personal life, I have control over all my bank and personal documents. I have shared them with my parents and older siblings. If anything happens to me, they can find them very well and use them to use my assets. Personally, when I got married, I shared everything with my wife, although she does not understand crypto very well, but I am explaining it to her and she is slowly learning. I hope that in my absence, they will be able to enjoy the control of my assets easily.

[Y3shot]

I have locker in my bank. I have written down the codes in papers, made some copies actually. I secure my gold in that bank vault. A.d I keep my crypto codes there. I have educated my wife about crypto. Basic stuffs. And taught her to withdraw fund from cex, dex. So If ai die,  my wife will take control of my asset for my Children.
I prefer hardware wallet too.

Hmmm. It's not a bad way to go, but I wouldn't leave my phrases to a place which is controlled by an entity like a bank.. Just to a place which would only I would know.

I don't think it is even safe for me to leave my seed phrase in the bank because as long as one or many people control the bank, it means the seed phrase is no longer safe. The seed phrase is meant to be personal, and storage is not supposed to be in an institution like the bank.

Even a password manager app is not advisable for storing the seed phrase. I think most times people rely on the bank and other storage apps because they feel they are not competent to store their seed phrase, but the truth is that only you can store your seed phrase the best way because it is very vital, and you have no choice but to keep it safe.

[HONDACD125]

I have locker in my bank. I have written down the codes in papers, made some copies actually. I secure my gold in that bank vault. A.d I keep my crypto codes there. I have educated my wife about crypto. Basic stuffs. And taught her to withdraw fund from cex, dex. So If ai die,  my wife will take control of my asset for my Children.
I prefer hardware wallet too.

I wouldn't keep such valuable stuff in a bank locker, to be honest, because despite the fact that people trust banks blindly, believing that they aren't going to do anything to your stuff since everything is insured, I still don't feel safe doing that, especially when it comes to the seed phrase of my Bitcoin wallet address because if someone gains access to my wallet and drains everything, I won't be able to prove who it was behind the heist, even if the seed phrase was in the bank's locker, I will still not be able to blame them for it.

It's better than this to have a safe at home, keep your stuff in that, and if you really trust your wife, you can have two keys for the lock and one should be kept with the wife but she shouldn't touch your stuff as long as you are alive and with them. Or even better if you could hire a lawyer, make a will and keep the key within the will to be given to your family once you die, and leave a note for them to take and use all the assets.

[Orpichukwu]

The metal plate is both water and fire resistant, and when distributing it into different locations, one of the most important things is to make sure that nobody is aware of where it's going to be hidden; it should be kept away from public eyes, not just in different locations.

Except you plan to bury them in your bedroom or hide them in your wall, else it still won’t be immune to burglary. Yeah, even after being kept safely in your house, a metal plate isn’t something you can be able to just conceal easily, if thieves happen to invade that house, there are pretty much high chances of those metal plates being confiscated by those thieves.

It depends on how big you make it look; that will make it easily detectable by criminals who invade your house. There are places where anyone who wants to hide something can hide it, and nobody's attention will even go there, such that it could ever be hidden in such a location, especially when the property where you live is personal and not rented.

[Powerjumboo]

Hello guys !

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !
I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.
I want to know your opinions !

Yes, it is true that crypto exchanges do not protect our privacy, so we have to take different steps to ensure our security. There are many who prefer to keep their crypto coins on exchanges, while there are many who prefer to keep their crypto coins in their own wallet. However, I always prefer to keep crypto coins in a specific wallet where I can provide my maximum security so that no one can provide the security of my wallet and does not leak my privacy. However, you can do whatever you want, but I do not do it like you, I have been holding my crypto coins in my Safepal wallet, so I am still very safe and will be very safe in the future.

[JiiBs]

I have locker in my bank. I have written down the codes in papers, made some copies actually. I secure my gold in that bank vault. A.d I keep my crypto codes there. I have educated my wife about crypto. Basic stuffs. And taught her to withdraw fund from cex, dex. So If ai die,  my wife will take control of my asset for my Children.
I prefer hardware wallet too.

It’s a notable achievement indeed, many would see the measures you’ve put in place to be unwise or risky but, there isn’t a means without risk at all. Some might be more risky than others but in the end, we all don’t hope to lose everything due to an oversight of not having to put measures in place, to ensure that our holdings falls to the right hands.

It’s one of the reason why we invest and keep holding right, to ensure it gets to the right people that comes after us.
One safe means has always been multisig and even then, you still need to safeguard your keys in some way.

[khiholangkang]

The metal plate is both water and fire resistant, and when distributing it into different locations, one of the most important things is to make sure that nobody is aware of where it's going to be hidden; it should be kept away from public eyes, not just in different locations.

Except you plan to bury them in your bedroom or hide them in your wall, else it still won’t be immune to burglary. Yeah, even after being kept safely in your house, a metal plate isn’t something you can be able to just conceal easily, if thieves happen to invade that house, there are pretty much high chances of those metal plates being confiscated by those thieves.

It depends on how big you make it look; that will make it easily detectable by criminals who invade your house. There are places where anyone who wants to hide something can hide it, and nobody's attention will even go there, such that it could ever be hidden in such a location, especially when the property where you live is personal and not rented.

So in conclusion, do not let anyone know that you know bitcoin, that you have interaction with the crypto world it will secure you from external threats directly, this world is complicated when you are known to many people and you have a lot of bitcoin, you will get terror into your family that can be your threat.

Everything has its own risks and take the lowest to take and you can secure it, you just need to choose the risk, whether it will come from external or from within yourself such as forgetting the seedphrase or losing the part.

[Orpichukwu]

It depends on how big you make it look; that will make it easily detectable by criminals who invade your house. There are places where anyone who wants to hide something can hide it, and nobody's attention will even go there, such that it could ever be hidden in such a location, especially when the property where you live is personal and not rented.

So in conclusion, do not let anyone know that you know bitcoin, that you have interaction with the crypto world it will secure you from external threats directly, this world is complicated when you are known to many people and you have a lot of bitcoin, you will get terror into your family that can be your threat.

Everything has its own risks and take the lowest to take and you can secure it, you just need to choose the risk, whether it will come from external or from within yourself such as forgetting the seedphrase or losing the part.

Exactly, everything is all about secrecy. The more widely someone's mouth is open outside about what they hold, the more likely they could get into danger of being tracked down to their house. If criminals only suspect someone of being rich and don't have a direct link to what they are in search of, you can easily get away without anything getting missing, but in a situation where your involvement is already public, even if they are unable to locate you, being very sure that the person holds it, they can be forced to get it out from wherever it has been hidden.

[Tungbulu]

It depends on how big you make it look; that will make it easily detectable by criminals who invade your house. There are places where anyone who wants to hide something can hide it, and nobody's attention will even go there, such that it could ever be hidden in such a location, especially when the property where you live is personal and not rented.

Then I guess you’ll have to be pretty good at hiding to be able to conceal it. For me, I feel that camouflage would make your security much more tighter. There’s something I did before hiding my phrases, so that even if you end up seeing it and notice that’s a seed phrase, you still won’t be able to access them, I actually rearranged a few words by having them switch places in a very easy way that only I would know, and except I tell you the order of which I switched the words, you still wouldn’t know, they’re still the same words, but it’ll take whoever finds it a lifetime to crack the code and arrange the words in the perfect order. Now even if you manage to see my seed phrase, you won’t be able to access my wallet.

[AakZaki]

Although storing Bitcoin in a Trezor wallet is highly recommended, it becomes a bit more complicated when you are a trader, because you cannot trade directly from a Trezor like you can on an exchange.

I actually own a Trezor as well, but it’s not very useful for me because I don’t hold BTC for long periods. Since I am an active trader, my BTC often gets converted into fiat.
And especially when I want to cash out my BTC, I prefer using an exchange, because if I use P2P I’m sometimes worried that the money coming from the P2P trader might be ‘dirty money’, which could make things even more complicated.

[Smack That Ace]

So in conclusion, do not let anyone know that you know bitcoin, that you have interaction with the crypto world it will secure you from external threats directly, this world is complicated when you are known to many people and you have a lot of bitcoin, you will get terror into your family that can be your threat.

Everything has its own risks and take the lowest to take and you can secure it, you just need to choose the risk, whether it will come from external or from within yourself such as forgetting the seedphrase or losing the part.

Not every investor owns a lot of bitcoin, not every crypto investor is rich. So, in short, if we want to be safe, don't brag, don't let anyone know about the assets we own, not just bitcoins. If we let people know that we own many valuable assets, we will be threatened, not just bitcoin. Bitcoin is not the only target of criminals, their target is anything of value.

For storing seed phrases. I find it quite simple, why do people make it seem so complicated? Any method has its pros and cons, our task is just to use the method that we feel safe with, that's enough.

[Orpichukwu]

It depends on how big you make it look; that will make it easily detectable by criminals who invade your house. There are places where anyone who wants to hide something can hide it, and nobody's attention will even go there, such that it could ever be hidden in such a location, especially when the property where you live is personal and not rented.

Then I guess you’ll have to be pretty good at hiding to be able to conceal it. For me, I feel that camouflage would make your security much more tighter. There’s something I did before hiding my phrases, so that even if you end up seeing it and notice that’s a seed phrase, you still won’t be able to access them, I actually rearranged a few words by having them switch places in a very easy way that only I would know, and except I tell you the order of which I switched the words, you still wouldn’t know, they’re still the same words, but it’ll take whoever finds it a lifetime to crack the code and arrange the words in the perfect order. Now even if you manage to see my seed phrase, you won’t be able to access my wallet.

Everyone has the way which they use in keeping their phrase very safe. What matters is that you as the owner know what you are doing and everything is safe for you. Your pattern might not work for the next person, as not everyone can remember the arrangement of the phrase if they don't look at it for a long period of time, which will make it difficult for them to recall if they eventually want to retrieve their wallet.

[WhoYouCantKill]

Cold wallets are considered the safest place to store your crypto if you have concern about privacy and control. Hardware wallets makes your keys stay of internet, which avoids most security risks. When you are planning to stake, making use of well known decentralized strategies such as Lido or Rocket pool is common, but it includes some smart contract risk. At the end, a combined of self custody and careful staking is mostly the best balanced method.

[summonerrk]

Hello guys !

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !
I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.
I want to know your opinions !

I believe that diversifying all your risks by distributing your Bitcoin and other cryptocurrencies across wallets like Trust, Electrum, and Exodus is a good way to ensure security. I have a Ledger wallet at home that a friend gave me, but what's the point of activating it if I'm always trading with my Bitcoin and constantly reinvesting? If I were a long-term holder, it would make sense to keep my Bitcoin in a wallet like this permanently, practically forgetting about it.
But for a trader, the best storage practice is as I described above.

[YOSHIE]

As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !

Yes, that's the best choice if you have a goal of storing Bitcoin or investing in the long term, rather than using an exchange.
Currently, technology is becoming more sophisticated, there are dozens of types of Bitcoin storage wallets that you can use, of course all of this is to keep your digital assets safe, Ledger, Trezor safe and many types of Bitcoin storage wallets that you can use.

You hold the key, you are the first party, you hold the door, basically you are all of them.

[uneng]

I have locker in my bank. I have written down the codes in papers, made some copies actually. I secure my gold in that bank vault. A.d I keep my crypto codes there. I have educated my wife about crypto. Basic stuffs. And taught her to withdraw fund from cex, dex. So If ai die,  my wife will take control of my asset for my Children.
I prefer hardware wallet too.

Hmmm. It's not a bad way to go, but I wouldn't leave my phrases to a place which is controlled by an entity like a bank.. Just to a place which would only I would know.

I prefer to keep my keys with me, stored with my personal documents. There is always a possibility it may be leaked somehow or accessed by someone else, but I still think it's the best way to store it. I wouldn't feel comfortable holding my keys with third party services such as banks. Moreover, what if I would like to access my wallet? Or I would have to go to the bank to access my keys or I would have to memorize the it.

And to memorize would be hard for me, because that isn't something I'm accessing in a daily basis. I prefer to accumulate coins and only access them once I've accumulated a nice chunk. Actually, if it wasn't for the key written on the paper, I wouldn't know a single digit of it.