Cold storage system isn't just for large btc portfolio's but long term holder's

[PX-Z]

. I also don't  think it makes common sense to buy storage device that's worth than the amount of bitcoin you're to store in it.

There are literally hardware wallets under $60, unless your funds are under the mentioned amount, you should not yet invest on HW wallets, but other than that, you should do. And HW wallets are not just for long term holding, it can be used for regular sending transactions, you should just sacrifice a little inconvenience.

Satochip is hardware priced at €25 which is said to be still affordable, so spending money on hardware is a long-term goal, let alone intending to save a large amount then I personally say it is mandatory in order to prevent better security.

And using HW for the purpose of regular transactions for me is not too complicated, for me to understand then its use is as simple as that.

That's more better then, but i remember satochip only works on NFC enabled device, if there's no such feature, they have like a NFC adaptor for it but still the device will be under $60.

As for slow sending process, it's helping to have a good practice (to avoid mistakes) and be more patience (which a person need in crypto space) lol.

[BlackBoss_]

As for slow sending process, it's helping to have a good practice (to avoid mistakes) and be more patience (which a person need in crypto space) lol.

Be careful is very important with people who have bitcoin, from storing to transacting their bitcoins. It's true with both hot wallets and cold wallets.

With hot wallets, transactions are signed directly on one device, with cold wallets it's created on one device before signing on another device. Mistakes or attacks can happen when creating a transaction, so generally this following guide can help people to change their practice, be more careful, and minimize risk of losing their coins.

How to lose your Bitcoins with CTRL-C CTRL-V

[Peanutswar]

For those others they havent seen yet different kind of attacks with their hot wallets or most of the online connected wallets with an asset into their devices and even the centralized exchange to potentially vanish and freeze your funds so cant blame them its their perspective but for me having a crypto is a must to have a hardware wallet. If you can afford to have a crypto you can avail to have a security at the same time this small devices is just another security layer to prevent your asset getting stole and you can hodl your funds in a long term basis. Not all funds ideally stored to your wallet better to distribute.

[Oshio-man]

You can use this wallet to store your bitcoin for long term, and scammers can still break into your wallet to steal your bitcoin, but that one doesn't mean the wallet is not good for bitcoiners users because you can create a room for scammers to have access to your bitcoin by giving them your seeds phase and password, but if you follow the rules and regulations of those wallets, I don't think you will lose your coins for any reason because your key is your bitcoin and do everything possible not to fall victim to scammers.

[BALIK]

Honestly, if I had a hundred dollars or two in Bitcoin, I guess I won't be buying a storage device for it.

What is worth $200 today, after 5 to 10 year it may become $2000 or even $5000, who knows! Many of us buy phone worth thousands of dollar, but we are stingy to spend a few hundred dollar one-time on security of our Bitcoin.

If I had extra dollars which could afford me a hardware wallet, I might just decide to buy Sats with it and make my portfolio a bit bigger. That sounds more worth it.

you are stacking Sats to grow your portfolio, that's great! But what is the benefit of making your portfolio bigger if due to lack of security or falling into an unwanted scam, it changes the fate of others? I mean one sows and another reaps 

Hot wallets like Electrum or Bluewallet are fine with me for Bitcoin worth a few hundred dollars.

Hmm, Electrum and BlueWallet are both good open-source wallet. It is good to use them in a completely offline environment on airgapped device. If your private key is on an internet connected device then the risk of malware, clipboard hijacker, phishing or compromised device will never be completely eliminated.

[standardnepo]

I bought my first cold wallet when I only had $50 worth of BTC on an exchange. I got a Trezor Safe 3, which actually cost more than my Bitcoin, but I knew I wanted to invest for the long term, so I didn’t want to leave my BTC on an exchange.

At the time, I had basically zero knowledge about cold wallets. I did some research, asked people in different groups, and ended up getting one. I’m really happy with my decision. I’ve seen people leave a lot of BTC on exchanges, and after a while it just becomes normal because nothing bad happens until something finally does.

Anyway, I agree with OP. I think everyone should get a cold wallet, no matter how much BTC they have.

[purple_sparkles]

Hmm, Electrum and BlueWallet are both good open-source wallet. It is good to use them in a completely offline environment on airgapped device. If your private key is on an internet connected device then the risk of malware, clipboard hijacker, phishing or compromised device will never be completely eliminated.

 I believe that if you plan to accumulate bitcoin, you should also take care of its security. Today, you may only invest a small amount, but over time that amount will grow and no longer seem insignificant. You don't have to buy a hardware wallet right away. However, once your bitcoin holdings reach a value that you would truly regret losing, purchasing a hardware wallet becomes a necessity.

[Muba20]

So this storage system should be specifically recommended for those holding their portfolio's for the long term and not limited to certain amount of bitcoin in your portfolio. It's primarily a project to keep your fund's safe from being stolen through the malicious strategies of online hacker's.

Cold storage is used to ensure maximum security of assets from online hacking. Those who are aware of their crypto will be interested in accepting this service. But the service is especially suitable for those who want to hold their assets for the long term and who are willing to keep a large amount of assets safe. Certainly, those who have a small amount of assets and are not interested in holding them for the long term may not use this type of wallet. Having a secure wallet for long-term asset holding is important, but this will depend entirely on the understanding and decision of a user. Although this wallet is not necessary for those who do not have the ability to purchase a cold storage wallet or have no intention of holding them for the long term, it is the safest for those who have small assets and the intention of holding Bitcoin for the long term.

[SquirrelJulietGarden]

I believe that if you plan to accumulate bitcoin, you should also take care of its security. Today, you may only invest a small amount, but over time that amount will grow and no longer seem insignificant. You don't have to buy a hardware wallet right away. However, once your bitcoin holdings reach a value that you would truly regret losing, purchasing a hardware wallet becomes a necessity.

It's hard to say which value is large enough to start consider about security more seriously. You can not buy a hardware wallet but at your start with Bitcoin, security must be a thing you need to learn. It's your keys, it's your coins, and only good security can help  you self-securing your bitcoins.

Cold storage is used to ensure maximum security of assets from online hacking. Those who are aware of their crypto will be interested in accepting this service. But the service is especially suitable for those who want to hold their assets for the long term and who are willing to keep a large amount of assets safe.

"Large amount of assets", in my opinion, is not only related to the value, it can be a small fund with others but with you it's large. Especially if you consider your money is valuable with you, it's always large one. Accumulate each small (but large if you see it important) fund, with time, maintain it a long time, you will have a larger fund.

So with any fund value, let's secure it and take it like your chance of practice with wallet, security, and privacy.

[Z-tight]

However, the nomenclature of cold storage system is to store your private keys offline and therefore prevents your privacy and security from being broken by online hacker's.

You do not get better privacy simply because you stored your keys offline, no. If you want privacy on the network, then you must run your own node, that way you do not connect to third party servers that can view your BTC addresses, Ip address and even your tx's. This is the first and most important step when seeking privacy, then additionally you must try not to reuse addresses, avoid custodial services and use privacy tools, like mixers and Coinjoin implementation.

[moneystery]

There are affordable hardware wallets out there, some even costing less than 100 bucks. So, for those who have a sizeable portfolio, a hardware wallet is a must-have, as it maximizes the security of their assets.
However, for those with a relatively small portfolio, they can store it in a non-custodial wallet. The most important thing is that the device they use is not their everyday device and is dedicated solely to managing their assets.