Topic: How to safely store big amounts of BTC? - page 7. (Read 12101 times)

Storing your money in different storage is good but I think you will be confused with so many phrases on it. The best place to store your Bitcoin is on the Hardware wallet like Nano Ledger or Trezor because you are in control of it (keys or words). Wallets which doesn't have any words to recover are the ones you avoid because you don't know what can happen to your money if you store it on that wallet.

This is going to be counterproductive. If you split your holdings in to five wallets, then you need to maintain different 2FA for these wallets, and it is not going to be an easy thing. There are chances that you may forget the wallet password or the transaction password, and your coins will be lost. My advice is to hold the coins in just one wallet (or a maximum of two) and take all the necessary security precautions.

BTW, if you have 15 BTC, then it is always better to spend a small amount ($100 or $200) to purchase a hardware wallet. 15 BTC is worth more than $150,000 as per the current exchange rates. The cost of a hardware wallet is less than 0.1% of that amount.

I think you can feather them out .
Choose a hardware wallet , a paper wallet , an offline wallet with very good reviews .
Divide them ,
Store that amount separately and make sure to keep Google authentication on and your private keys hidden .
You can just buy a bank safe too and then submit your personal documents there .
Documents consisting of the paper wallets .
I think with this big amount you can decide what to hold and what to keep so the holding one can directly go into the safe and the other half can just be transferred into some offline wallet used for trading regularly.

I store bitcoin at coins.ph the wallet that exist in my country. I store it in my digital phone only because I am just a small earner. However, f I received the payment to my recent bounty campaigns, I think I will decide to install or buy hardware wallet. But as of now, I am only focusing on the security of my phone where I can avoid phishing sites.

Store bitcoins in a ledger or hardware wallet. That is the most secured place in bitcoin. Using electrum wallet is also as well as local wallets. However, we need to assure that our PC or gadget don't have any virus that can be a tool to intercept our wallet or data. Having a seed is a backup plan in case the wallet was missing. That is why seed is important.

How much btc would you say is a big amount?  Even 1 btc now is a big amount to most people right?  I mean 0.5 btc is still over 5k usd.


I'm curious but are there many ppl that kept btc in wallets like electrum and jaxxx and those other wallets when btc got really high and say they had like 5 btc there or more?  I assume there had to been quite a lot of those ppl right?  Since when btc was around the 250 mark, i mean everyone kept btc in electrum or paper wallet or exchange right?

As I think the best thing to do is, Using a Hardware wallet for store our token. Especially, because it has a very good security system and it such a valuable thing to us in that field. Personally, I already have a ledger wallet and I already stored my all tokens in that ledger wallet. Actually, it's really worth me and I believe hardware wallet is a great way to store our BTC and other tokens

using wallet hadrware I think is the best choice for storing large amounts of BTC assets. because now the risk of hacking against BTTC is very high, so I think this might be one of the best ways.

If you have a lot of bitcoins its better to split them between hardware wallets, desktop and online wallets. Keeping your funds in different wallets will make the chances of losing funds much less.  People often recommend to store bitcoins only in one hardware wallet. I do not recommend this.

Yes I am going to agree to your idea. For me if you hold 15BTC it is good decision if you will use 5 wallet to more secured investnent and holding of your coin. Because all we know that there is too much knowledge that hacker and scammer that they have so if the time that they hacked your account or wallet not all your coin will be take. I think it is more safe.

I think that can be share on 3 hardware wallet. Not a bad idea. And hide these wallets in different places. Hardware wallet is the best solution for storing bitcoins

Everything can happen, even if you will store it in 3 hardware wallets and once your house will be on fire then all of it will gone.

Online wallets are not 100% safe but you have no other option but to trust their security whatever wallets you would like to use as you are engaging in crypto world in which risk is always there. You have the option already, so it's up to you what you would like to use. But it's better that you will put it to 2 hardware wallets, 4btc each and the remaining will be in online wallets.

Lol, I've tried both of those wallets and found them to be crap anyway.  As far as storing large amounts of anything on either one of those, screw that.

I recently bought a Ledger Nano S with one of those steel wallets where you put in the seed words.  It's great because I can store that separately from the actual Ledger and if the Ledger burns up in a house fire or gets stolen, I still have the seed phrase to recover my coins.  Plus I have the words written down in another secure location.  If that isn't secure, I don't know what is.

Please note, don't bumrush my house with robbery on your mind.  I got the Ledger just to play around with it, and I don't have a lot of crypto stored on it (or even that much in general).  Heh heh.

Yeah, as long as you keep the private key secure you should be good to go.  The good thing is that you can make duplicate copies of your key(s) and keep them in separate locations.  The question is how secure can anything really be?  You can't completely prevent theft ever if someone is determined to steal what you've got.

I help you choose option 2. Save your bitcoin, it seems I trust and use trezor and Bitcoin Core, always remember your key. Each wallet should store 3 BTC and should not be placed on the same computer. I worry about virus intrusion from the computer.

To store large amounts of Bitcoin I often use hard wallets because I now believe that it is the safest way to store Bitcoin and other coins. The thing to do is to store your private key carefully as well as your hard wallet to avoid having to buy another hard wallet if it's lost.

It is good to have multiple wallets where to store BTC and keep all private key safe which is important to have access on it and wont share it to anyone but only for one you trusted your fund. Rather store some on the banks also though small interest there might keep it much longer.

It's best to save your bitcoins on a hardware wallet and make sure to keep safe the private key or pass phrase whichever it maybe. Saving your bitcoins on numerous hardware wallets it not the issue but rather saving your keys safely and making sure nobody has access to it. Also you can use code language to write it out, that way if someone gets hold of it he/she would still not understand it.

I think you just need to create a separate wallet for each of your bitcoins. For example, one bitcoin is stored on the Trezor hardware wallet, another bitcoin on ledger, the third on bitcoin core, the fourth on electrum and so on. I hope the wallets are enough.

The beauty of Bitcoin is that you store "big" amounts exactly the same way you would with "small" amounts, so practice with a few satoshis:

Make a (cold) paper wallet.


I have written about this countless times, it basically involves a secure computer, it can even be disconnected from internet, using a secure operating system, preferably not installed, booting of optical media or usb thumbdrive, then create a wallet, which for speed purposes i tend to recommend the spv one, write down by hand a dozen words in a piece of paper that you have to keep very safe and away from anyone seeing or harming, preferably make (also manually) a second copy, and print your wallet addresses. After you finish this process you turn off the computer and end with a paper wallet that nobody can ever hack, unless they get hold of the 12 words.

Technically i would advise booting the Linux Distro TailsOS, and there use Electrum, to create the wallet.

You will rarely ever touch this wallet again, but when you do want to move funds from this wallet, you repeat the process like when you created the wallet, boot pc, open Electrum, but instead of create you will restore a wallet, using those words you kept real safe, do your business and shutdown.


The shutdown is important, because unless you haven't noticed, everything you did goes poof, except the existence of that wallet (priv keys) in the Bitcoin network.

You can play with hardware gadgets if you want, but they are not worth unless you are constantly using it to move funds. You could have such a device for smaller amounts and keep the big sum in the cold wallet, and always follow this protocol when handling it.

With Bitcoin, you are your own bank. Take it seriously, no excuses. Transactions are final, remember that.


If you are familiar with different OSes and wallets, be my guest. Technically you could use something like OpenBSD and the true Bitcoin core wallet running a node as well. Just please, for the love of God, stay away from Windows, OsX, Android and the like for the purpose of creating cold wallets intended to store important sums.

Yes, its intentional, don't use your favorite games and pleasure OS for serious business. 10+ BTC is serious and we have countless people coming to this forum crying over lost funds my making simple mistakes, thinking somebody can help them when its too late...

You Can use hardware wallet to safely store big amounts of Bitcoin.
Ledger is one of safest hardware wallet.
I also use ledger wallet