How would you store >100 Bitcoins?

[bajing]

I like this if I have 100 bitcoin Im really rich. I would rather cashout my 50 btc into fiat to enjoy my life, Id like to travel around the world and complete my bucketlist. So, I would like to restore my 50 btc into 5wallets to ensure that it is secured with 2FA for security purposes.

I agree with you to separate 50/100 btc on some online wallets. I think this way is safer than we store 100btc in one wallet even though many say that hardware wallet is safe but separating on some wallets will be safer.

[Wipro]

I like this if I have 100 bitcoin Im really rich. I would rather cashout my 50 btc into fiat to enjoy my life, Id like to travel around the world and complete my bucketlist. So, I would like to restore my 50 btc into 5wallets to ensure that it is secured with 2FA for security purposes.

I agree with you to separate 50/100 btc on some online wallets. I think this way is safer than we store 100btc in one wallet even though many say that hardware wallet is safe but separating on some wallets will be safer.

I suggest to try trezor hardware wallet to have your high amount bitcoins safely. You can find many desktop, coldstorage, paper and online wallet. The preference according to your choice.
Wherever it is. No one is gonna loot your bitcoins because your wallets are provided with email authentication and password protected. Hacking is also will not work due to high level crypto security. So wherever you want.

[nishle]

That the huge amount if i have 100 bitcoins i will keep it on wallet exchange and use it for trade.

[erickkyut]

If I have 100 Bitcoin, I will deposit half of it to my bank account then build my own business. As fir the remaining half, I will invest some of it to trading and then I will hold the remaining and wait till Bitcoin value rise to $10000

[Daniel_West]

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

Try reading about Tor coins on Ubuntu. That's the safest thing I know so far. And there's no need for multiple wallets

[unusualfacts30]

I would store them in different wallets, offline. Keep them in different places for security reason.

[swogerino]

Normally I would store them in the best possible way as their value now is more than 250.000 dollars. I would try to store in offline cold storage , a paper wallet or a hardware wallet. I would never trust more than 100 bitcoins to wallets like coinbase, xapo because I would be giving control to them over my coins. It is better to keep them myself.

[BlackPanda]

When i have 100 BTC then i will share it and store it in some wallet. I will choose the wallet desktop and also web wallet.
By sharing it I'm not too worried because I have good security.

[DoublerHunter]

When i have 100 BTC then i will share it and store it in some wallet. I will choose the wallet desktop and also web wallet.
By sharing it I'm not too worried because I have good security.

Desktop and web wallets are not enough to secure your 100 bitcoin and i will suggest that just buy a hardware wallet like trezor or ledger hardware wallet because it has more chance for you to secure your bitcoin for long term and just keep monitoring it to make sure that you will not lose it and also don't forget to make a back up of your password seeds.

[Ryan Dugan]

I would keep a laminated paper wallet backup with my parents and at my place. I also would back up the wallets to external hdd or ledgers and store them in a safe separate to the paper wallet backup which can simply be filed among other things. Maybe even an art piece with the private key on it somewhere.

[slackcryptoz]

I could use one wallet for 100btc. And I think it's safe to use 1wallet.
Or I can use 10wallet with 10btc per wallet.

Keeping such a big number of bitcoin in a single wallet is simply a big risk. In.my view the diversified saving is good for increased security of the user. Else make the long term holding in a single cold storage and diversify the rest into few number of online or desktop wallet.

[rkyass]

Hello,

I would advise you to get a hard wallet such as ledger nano S. The most secure way in my opinion to store your bitcoin safely. I have been using it for quite some time now, and it is working really well. The only thing maybe is that it is out of stock for the moment, so you will have to wait some time before it is shipped to you. hope it helped.

Cheers

[robelneo]

every 5 or 10BTC ... use a new wallet.
i do this.

when you pay ... seller don't know if you have more than 5 or 10 BTC.

Although this is an old answer, it's still applicable and with new bitcoin wallets with new innovation coming up, I think users will have a wide array of choices where he can store that 100 bitcoin 5 bitcoin for every wallet is still a good option but can the user remember every one of it?

[cpfreeplz]

I would use 1Bitcoin Wallet in online to save the 100btc.Or for safety I could use 10wallet for 10btc each.

omg no you wouldn't. If you had 100btc you'd be a lot more educated and you'd understand that Web wallets are the least secure way to hold bitcoins.

[BartS]

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

I will store my coins in a hardware wallet that is the most secure device to store your coins, but I will know the seed by memory that way if you ever need to leave everything behind you are going to have all your money with you without carrying anything with you.

[ufaiz50]

a big value to keep in my opinion would be better to hold it real I mean to exchange it with fiat it will be more soothing you will not fret. but if me I'm going to save it in 1 wallet that I really believe to keep it remain how do you manage the security that the wallet provides.

[DOGE12321]

Haha. Put it in an online wallet.

Just kidding. >100BTC is too much to store in a single wallet. I would recommend that you use a mixture of wallets. Perhaps split the Bitcoin into 5 wallets that provide cold storage or in 5 separate hardware wallets. Another course of action would be to convert the 100 Bitcoin into an asset like gold. I would then buy a top of the notch safe and store my gold bars in there.

[Kotone]

Haha. Put it in an online wallet.

Just kidding. >100BTC is too much to store in a single wallet. I would recommend that you use a mixture of wallets. Perhaps split the Bitcoin into 5 wallets that provide cold storage or in 5 separate hardware wallets. Another course of action would be to convert the 100 Bitcoin into an asset like gold. I would then buy a top of the notch safe and store my gold bars in there.

Yes you may use a multiple wallet because a single wallet cant be stored in a one wallet only. You may also buy some alt coin and make it an investment it is good because it can be for your investment in the future, when you stored it then your bitcoin may be grown and increases too. Invest it in other platforms.

[Netnox]

I think that for storing such a large volume of Bitcoins, the only safe option is multiple hardware wallets. But I am not that familiar with hardware wallets either. I know that they can't be hacked. But is it possible to store the backups in multiple locations? What will happen if the hardware gets corrupted?

[Fatanut]

Others will do multiple wallets. There would be hardware wallets, some paper wallets, some desktop wallets for offline computers. Having multiple wallets give the attacker more chance of getting into your coins. If he can't find your paper wallet, he can try and bruteforce his way in your wallet through the offline computer. Honestly, with all the attacks that can happen, one way that I'm thinking is to just memorize the private key. I know it's absurd or whatever, and it's risky, but no one can hack into your brain. Nobody knows the things that you have in mind.

Memorize the private key. And then for a while have the private key on a piece of paper. Recite the private key every morning and use the piece of paper to see if you did recite right. Then if you can recite the private key without any hassle, then burn the paper. Continue reciting the private key every morning. Make it a routine, otherwise your bitcoins will be gone.

And if people are going to come at me saying, "How about if you get an amnesia?" There's very low chance of you getting an amnesia. I don't even personally know anyone that has amnesia. But if you do get an amnesia I'm pretty sure you will also forget how to use other bitcoin wallets.