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Author Topic: How would you store >100 Bitcoins?  (Read 42384 times)
Meuh6879
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October 13, 2014, 03:33:50 PM
 #381

I'd use multiple wallets. 
Don't reach a limit go over 3-4  BTC in each wallet.

+1 ... the better method.
https://bitcointalk.org/index.php?topic=763970.msg8608715#msg8608715
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July 04, 2016, 07:33:59 AM
 #382

You should make a cold storage paper wallet.  But don't risk loss of the private key.  You should give a copy of the private key to a trusted third party escrow agent so if you lose your paper, you can get the coins back.  I can be your escrow agent if you like.  I know a lot about bitcoins.  Send me the private key in a PM. 

A prime example of why this user ^ shouldn't be taken seriously.

Wow, lol "send your private key to me in a pm"

 Cheesy

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July 04, 2016, 07:43:26 AM
 #383

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

Never put all eggs in one backet.Create 50 or 100 offline and online wallets and store around 1 btc in

every wallet.This might be a lot of work but it`s more secure.

I would never rely on one wallet to store that much btc.

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July 05, 2016, 10:38:22 PM
 #384

I have multiple paper wallets that I store around my house in different locations. I call them fiat.

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July 05, 2016, 10:41:30 PM
 #385

Spread across 5 to 10 offline wallets. I like paper wallets. Save the paperwallets well.
Keep some spending coins in "hot" wallets but make sure this is no more than you know you are gonna need to transact
spreading your bitcoin across multiple wallets is very risky and will give you a false sense of security. You will likely employ the same kind of security measures across each wallet so if one gets compromised they all will likely be compromised
yeah its a good idea but on other point it would be really annoying if you would have 100 btc and keep lets say every 2 btc at a different single offline wallet.
Personally i wouldnt do this just because i could not cash out it fast.But having every 10btc apart from others on a offline wallet would be the best,and what is more important the safest way for me.
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July 05, 2016, 10:51:10 PM
 #386

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

Never put all eggs in one backet.Create 50 or 100 offline and online wallets and store around 1 btc in

every wallet.This might be a lot of work but it`s more secure.

I would never rely on one wallet to store that much btc.

Using online wallet services to store your coins is never a good thing. Just the idea of some one other than myself having full control over my coins is already stopping me from doing that. Stick to offline storage. Better safe than sorry.
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July 05, 2016, 11:18:03 PM
 #387

Store maybe in different wallets?
i dont think that it would be a great idea in my opinion i would definitely only buy a  hardware wallet in order to save all my bitcoins and avoid any misunderstandings with a lot of wallets

 
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lister storm
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July 05, 2016, 11:58:27 PM
 #388

Store maybe in different wallets?
i would do that too, thats the best idea in my opinion, i would just print a lot of paper wallets and then transfer the funds to all of them, in this way my bitcoins would be safe i think
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July 06, 2016, 12:04:33 AM
 #389

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue

It is obvious, for the greatest protection you'd need something like a Coinbase Vault if you wanted a ot wallet (there, it can be accessed anline and many authentication techniques can be used such as multiple email confirmations (to different accounts), multiple phone varifications (to different numbers)...
The best way is of course is a paper wallet, but is not the most physically secure!
Also, many online companieis are insured to handle with theft from their servers (not from personal fault though of bad security)!
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July 06, 2016, 12:05:55 AM
 #390

I would print a paper wallet or make/buy a steel wallet then store it either in a safety deposit box or a safe in my house. Obviously I'd make this on a very secure system.
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July 06, 2016, 12:09:12 AM
 #391

I have multiple paper wallets that I store around my house in different locations. I call them fiat.
you mean like you would convert it into fiat or what? i think if you talk about real paper wallets then it would be really risky as your house might get on fire and then all the funds would be lost

 
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July 06, 2016, 12:29:13 AM
 #392

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue
maybe I can use mixing service from various parties to store my amount, above 100 BTC it's very big amount man, you need to put a more security for them. not centralized you amount because if you getting a crime you will lose all of your amounts.

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July 06, 2016, 12:48:41 AM
 #393

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue
I will keep 50% in 10 different wallets but different sites. But blockchain is the most recommended since every wallet may disappear but blockchain Wii not. Next the other 40% I will place in 10 different mining sites but I will place 12 btc on Genesis mining. The other 20 percent I will use in gambling and cashout.
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July 06, 2016, 01:06:26 AM
 #394

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

Don't make things more complicated than they are. If you don't need to access the funds in the foreseeable future the solution is pretty straightforward:

Create multiple paper wallets and distribute the funds equally among them. Then store these paper wallets at multiple places that are secure and easy to remember. In addition you might split up the private keys, so if someone tries to steal your funds, he needs access to more than one part of the private key hidden at different locations.

To increase the durability, you could engrave the private keys into precious metal plates or rings as well.

There is no 100% secure way to store anything, but sometimes the probability to loose something due to forgetting about its hiding place can be higher than the probability to loose it due to criminal activity. Therefore, you should consider to at least partially inform people you trust about the hiding places, or implement a dead man's switch that sends you the information after a certain amount of time has passed.

ya.ya.yo!

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July 06, 2016, 01:12:24 AM
 #395

i think i would put it into a hardware wallet most probably
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July 06, 2016, 01:15:30 AM
 #396

Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue
I will keep 50% in 10 different wallets but different sites. But blockchain is the most recommended since every wallet may disappear but blockchain Wii not. Next the other 40% I will place in 10 different mining sites but I will place 12 btc on Genesis mining. The other 20 percent I will use in gambling and cashout.
Putting the 40% in different mining sites is very dangerous because even though the most trusted cloud mining site turned to scam. You can't be sure that genesis mining is trusted and earning on their site is very slow because it's almost 1 year just to get ROI.
Using that 20% on gambling is very risky also because in just a minutes you can lose all that and it may cause you to become addict on gambling because you loss a lot of bitcoin and it will result for touching the saved amounts of bitcoin for just your gambling addiction.
If you ask me it's best if you just store it on cold storage or make paper wallets.
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July 06, 2016, 02:09:38 AM
 #397

Paper wallet. (Plastic, Steel, Wood, Whatever.)

Put in bank safe deposit box. Only you can open it, together with the bank employee.

I would probably split the coins into chunks of 50 or 25 or 10.

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July 06, 2016, 02:25:41 AM
 #398

I'd store it in a web wallet, with a password that's at least 6 characters in length.

Of course I won't do that. I'd probably do this:
Paper wallet. (Plastic, Steel, Wood, Whatever.)

Put in bank safe deposit box. Only you can open it, together with the bank employee.

I would probably split the coins into chunks of 50 or 25 or 10.
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July 06, 2016, 02:28:20 AM
 #399

Paperwallet then laminate it put in a vault.  Cheesy
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July 06, 2016, 02:30:36 AM
 #400

I think create a offline wallet and keep it on Flash disk or hard disk and save it on your safe place, it's seems a good idea for me, or turn it into fiat first for more safety.
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