Save my bitcoins in a cold wallet

[LUSUBY]

It is recommended to store Bitcoin in a cold wallet, for example bitbox02

[OmegaStarScream]

Hardware wallets are the best form of crypto storage. Although I have never used the mentioned wallet, I don't believe I have ever seen any reviews that would justify not buying their products. Persnonally, I would rather grab a Trezor device instead.

[Charles-Tim]

Lists of open source hardware wallets: Open Source Hardware Wallets

Not all hardware wallets should be considered as a cold wallet until people reviewed it or you reviewed it. Example is Ledger Nano that are close source hardware wallets that are not cold wallets.

Properly set up paper wallets are cold wallets. Wallets on airgapped devices are cold wallets.

If you know how to set up a multisig wallet, it is better than a singlesig wallet.

Multisig can be combined with a cold wallet.

[notocactus]

It is recommended to store Bitcoin in a cold wallet, for example bitbox02

Cold wallets are best ones for storing your bitcoin but you must choose a good hardware wallet for purchase and  must buy it rightly too.
[GUIDE] How to buy a Hardware Wallet the right way

Bitbox is an open source hardware wallet.
[LIST] Open Source Hardware Wallets
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=bitbox

Cold or hot wallets, you must back up your wallets.
How to back up a seed phrase?

[LUSUBY]

It is recommended to store Bitcoin in a cold wallet, for example bitbox02

Cold wallets are best ones for storing your bitcoin but you must choose a good hardware wallet for purchase and  must buy it rightly too.
[GUIDE] How to buy a Hardware Wallet the right way

Bitbox is an open source hardware wallet.
[LIST] Open Source Hardware Wallets
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=bitbox

Cold or hot wallets, you must back up your wallets.
How to back up a seed phrase?

thanks for the information brother, I really appreciate it

[Lucius]

It is recommended to store Bitcoin in a cold wallet, for example bitbox02

Let's say it's better for security on the one hand (compared to hot wallets), but if you buy such devices online with delivery to your address, you take the risk that your data will fall into the wrong hands. This has happened many times, including the company that produces the device you mention.

https://blog.bitbox.swiss/en/data-breach-of-marketing-platform-activecampaign/

If you ever decide to buy such a device, try to find an official reseller that has a physical store, or use PO Box as the delivery address and pay with cryptocurrencies.

If you are interested in experience with this device, there is a topic -> BitBox02 Experiences

[dkbit98]

It is recommended to store Bitcoin in a cold wallet, for example bitbox02

You are not storing bitcoin in cold wallets, you are just using them to sign transactions.
What you are usually storing on hardware wallets is seed phrase, but you need to have backup in physical form.
Bitbox is decent hardware wallet, but there are better options available in 2026, new Trezor devices are better in my opinion.

[satscraper]

It is recommended to store Bitcoin in a cold wallet, for example bitbox02

You are not storing bitcoin in cold wallets, you are just using them to sign transactions.
What you are usually storing on hardware wallets is seed phrase, but you need to have backup in physical form.

Yeah, the correct way to say it is that wallet keeps key/s to user’s Bitcoin ^{more technically UTXOs}, while the Bitcoin itself more technically the UTXOs is stored everywhere on devices that maintain copy of blockchain with records of those UTXOs.

This reminds me the question some people ask when they think Big Bang started at specific point inside current Universe, not understanding that that “point” actually became our Universe as it expanded.

[taufik123]

-snip-
Bitbox is decent hardware wallet, but there are better options available in 2026, new Trezor devices are better in my opinion.

Trezor devices are upgraded with some new security such as in the Trezor Safe 7 which now uses

Next-gen TROPIC01 secure chip
New standard for advanced, verifiable crypto security

Certified EAL6+ Secure Element
Extra layer of physical protection for your crypto

Open-source security
Transparent, public code anyone can review, audit & verify

PIN protection
Protect your device with a up to 50 digits

Now more Optional Cold Wallets for Bitcoin storage with the latest security and some other supporting features.

https://trezor.io/trezor-safe-7

[Pmalek]

The Bitbox is good. There are both better and worse choices out there.
Backing up and and protecting your keys is the crucial part. As long as you buy the Bitbox from an official source and know how to recognize and avoid scams and social engineering schemes, you should be fine.

But even a hardware wallet can't help you to not make beginner mistakes, like revealing your seed to third parties who can then steal your coins. It's your job to understand the dangers and to learn how to avoid them.

[Laura Mitchell]

If it’s not for trading, then yeah, cold wallet makes more sense. Your keys stay offline, so way less chance someone gets access. On exchanges I’d only keep what I’m ready to move or trade. The main risk with cold storage is losing your seed, that’s how people usually lose everything.

[Pmalek]

The main risk with cold storage is losing your seed, that’s how people usually lose everything.

That risk exists with all non-custodial solutions. It's not an exclusive feature of cold wallets or hardware wallets. If you install and use Electrum as a hot wallet on your desktop or phone and the device breaks or you lose access to your wallet, you need your backup seed to recover your coins. If you don't have it or can't find it, your bitcoin becomes inaccessible to you.

[Yamane_Keto]

The main risk with cold storage is losing your seed, that’s how people usually lose everything.

This may not be risk.

If you use a hardware wallet for cold storage, you will have to lose the device along with the wallet seed.
If you use multi-signature wallet, 2-of-5 wallet, with 5 keys total, up to 3 keys can be lost without losing access to funds.

[virasog]

The main risk with cold storage is losing your seed, that’s how people usually lose everything.

That risk exists with all non-custodial solutions. It's not an exclusive feature of cold wallets or hardware wallets. If you install and use Electrum as a hot wallet on your desktop or phone and the device breaks or you lose access to your wallet, you need your backup seed to recover your coins. If you don't have it or can't find it, your bitcoin becomes inaccessible to you.

Yup, there is a misconception that if you use a hardware wallet, you don't need to have your passphrases secure. In fact, even with the hardware wallet, the most important thing is the seed phrase, and that needs to be stored securely.

Just an example, if you have your hardware wallet with you and someone somehow steals your seed phrases, you will still lose your crypto. I think most newbies don't know this fact and they only keep emphasizing on keeping the hardware wallet secure in a safe place, but don't care about the seed phrases.

[satscraper]

What you are usually storing on hardware wallets is seed phrase,

This is true, but for many people the storing seed phrase and storing bitcoin have become synonymous, so it’s no surprise to me that the OP used that wording.

Regarding the hardware wallets mentioned by the OP, I think the BitBox02 can be considered the cold wallet since it stores SEED offline and can sign PSBT file transferred to it from thw watch‑only wallets ^{such as Sparrow for instance}. Yes, it still requires the wired connection rather than  SD card or QR, but it’s still PSBT signing.

[Pmalek]

Just an example, if you have your hardware wallet with you and someone somehow steals your seed phrases, you will still lose your crypto. I think most newbies don't know this fact and they only keep emphasizing on keeping the hardware wallet secure in a safe place, but don't care about the seed phrases.

Two things could keep you safe in such a scenario even if someone knew your seed phrase. If the seed is extended with a passphrase that the thief doesn't know and can't figure out or bruteforce (all coins are in the passphrase-protected account(s)) or if your coins are under an unorthodox derivation path that doesn't get scanned by default during coin recovery. The thief would recover an empty wallet in both scenarios.

I don't know if there is software out there that searches weird derivation paths in certain ranges, looking for funded addresses. I have never seen any posts or threads on that subject.

[virasog]

Two things could keep you safe in such a scenario even if someone knew your seed phrase. If the seed is extended with a passphrase that the thief doesn't know and can't figure out or bruteforce (all coins are in the passphrase-protected account(s)) or if your coins are under an unorthodox derivation path that doesn't get scanned by default during coin recovery. The thief would recover an empty wallet in both scenarios.

I don't know if there is software out there that searches weird derivation paths in certain ranges, looking for funded addresses. I have never seen any posts or threads on that subject.

So this means that a hardware wallet with an extended passphrase is a perfect solution (provide the extended phrase isn't store with the original phrase) ?

Second scenario, if the theif get hold of the hardware wallet only and not the passphrase (or extended passphrase), then can he still get access to our coins ?

[tenant48]

So this means that a hardware wallet with an extended passphrase is a perfect solution (provide the extended phrase isn't store with the original phrase) ?

Second scenario, if the theif get hold of the hardware wallet only and not the passphrase (or extended passphrase), then can he still get access to our coins ?

Yes, if your wallet is protected by a strong passphrase (10-12 characters), then even if a thief gains access to your seed phrase, PIN code and hardware wallet, he will not be able to do anything.

You can read about how brute-force difficulty varies with different passphrase options in this Trezor article:
https://blog.trezor.io/is-your-passphrase-strong-enough-d687f44c63af

[Pmalek]

So this means that a hardware wallet with an extended passphrase is a perfect solution (provide the extended phrase isn't store with the original phrase) ?

It adds an additional layer of security that would need to be broken to get to your coins. I wouldn't call anything perfect, but it's better to have a passphrase than not to. However, even "1234" is a valid passphrase, but it's not very secure.

Second scenario, if the theif get hold of the hardware wallet only and not the passphrase (or extended passphrase), then can he still get access to our coins ?

Wallets protected with passphrases generate a completely new set of keys and addresses. The thief would need to have the exact passphrase you used to recover the same coins. Only one difference in the passphrase is enough to generate completely different addresses. Even an empty space counts. "virasog", "Virasog", "vira sog", and "virasug" would all recover different wallets.

You should know that your software won't give you feedback that the passphrase you entered is wrong or misspelled. Anything you enter is a valid passphrase. It's just a question of if that's the one where your coins are.

[Yamane_Keto]

Second scenario, if the theif get hold of the hardware wallet only and not the passphrase (or extended passphrase), then can he still get access to our coins ?

If the thief does not know exactly how much Bitcoin you own (and here privacy is essential), you can leave a small amount of $1000 using wallet seed and your full balance by adding a passphrase. It may be useful in some cases such as kidnapping or threats.