I made a physical wallet using an NFC chip which holds the Private Keys, it works great. Not sure about the read lifetime though, but since I never read it I think it would be good.
Topic: How would you store >100 Bitcoins? - page 10. (Read 42400 times)
I will probably store 10BTC on 10 different paper wallets that way if for some reason I lost one of the wallets I will not lose all of my money, I will also keep some copies in different places just in case, there is some kind of natural disaster.
Don't you think if you do that you will feel harder to store you paper wallet... lets say that you store 10 papers in 10 different places so you have to note that where you put it and of course you have to keep it safe all the time. Or you can keep all of them in 1 place so you may lost it all in one time. So, what do you think about using online wallet? We could argue about that. I still want to know your idea because I'm looking for the best solution. Cheers!
I would prefer 10 bitcoins on 10 different online wallets I.e 1 on each and for remaining 90 btc I would use 45 different offline wallets to keep them.
Maybe that method will help you avoid hacker or online wallet sever crashed. But I'm still afraid of being lost those 45 different offline wallets due to some unwanted reasons.
But if I had 100 wallets,I would only save 10 for future and sell 90 of them so that I can buy back at low price.
Thats a good idea if the bitcoin price go down. But when the price rise just after you sold and never down back is a tragedy.
I would prefer 10 bitcoins on 10 different online wallets I.e 1 on each and for remaining 90 btc I would use 45 different offline wallets to keep them.
Maybe that method will help you avoid hacker or online wallet sever crashed. But I'm still afraid of being lost those 45 different offline wallets due to some unwanted reasons.
But if I had 100 wallets,I would only save 10 for future and sell 90 of them so that I can buy back at low price.
Thats a good idea if the bitcoin price go down. But when the price rise just after you sold and never down back is a tragedy.
I would prefer 10 bitcoins on 10 different online wallets I.e 1 on each and for remaining 90 btc I would use 45 different offline wallets to keep them.
But if I had 100 wallets,I would only save 10 for future and sell 90 of them so that I can buy back at low price.
But if I had 100 wallets,I would only save 10 for future and sell 90 of them so that I can buy back at low price.
I will share it in few wallet, if I use online wallet, why as an online wallet have a higher risk for hacked, but if I use a desktop or hardware wallet will keep in all in one wallet, Security of Dekstop or Hardware wallet is in our hand and that's more secure than Online wallet.
I think the kind for offline is the most optimal choice for you, it will help you reduce the risk of hackers, and other threats of information technology. However, when you use for offline, you need to ensure your storage device is stable, your data is always safe and not lose if they crash. If you do not do that, all your money will be lost, it would be useless and no one can use it
You should split them into multiple trusted bitcoin wallets. I use Xapo, Coinbase and Blockchain.
It doesn't matter in how many different online wallet services you store your coins, they will remain at risk. Online wallets must be avoided when it comes to storing your coins. Offline storage where you are the only entity that owns your private keys is the only correct way.
I do this so that hackers would not be able to steal all of my Bitcoins incase a security breach happened.
Ok, so you're fine with accepting the risk of possibly having your coins stolen at just one of these online wallet services if that turns out to happen? It's basically the same as calculated collateral damage...
Most wallets have cold storage options and I make use of that feature.
Even if so, then still you aren't the only entity with access to your coins. Nothing protects you from an insider theft.
I think its better to keep it on a different wallets divide it into 10-15 wallets and save or take note each of each password incase if forgotten .Also for sure for having 100 bitcoins you have 2 or more Desktop or laptop to make it sure save in a personal computer that is not publically used on transactions ,and any activities on web.
You should split them into multiple trusted bitcoin wallets. I use Xapo, Coinbase and Blockchain. I do this so that hackers would not be able to steal all of my Bitcoins incase a security breach happened. Most wallets have cold storage options and I make use of that feature.
Of course for now 100 bitcoins is a really big amount. The wallet I currently use is coinbase and I trust them. I would enable 2FA and transfer the money to their vault. If you guys don't know coinbase vault is like a security where a person can store bitcoins and in order to withdraw it he needs 2FA , 2 email verification. If somehow he is able to all 3 he still has to wait for 48 hours no matter what and during those 48 hours coinbase will message me and email me that I have withdrawn so I can easily cancel it.
I agree, I store all of my cryptocurrency in online wallets and coinbase is the main system that I store almost my money. Lets say if I have 100BTC, I still store all in just 1 wallet because I think the security of those online wallet are trustable, they strong enough for me to believe in. Although there are some problems in their process but its not make me feel uncomfortable at all, because I know that my money is secured.
100 BTC is a quite reasonable amount of money.
If you do not need them in a short period, maybe I'll keep them in a paper wallets (at least 20 different addresses).
If you do not need them in a short period, maybe I'll keep them in a paper wallets (at least 20 different addresses).
I would consider myself very rich if I had that amount of bitcoins. So, this is big amount and should be carefuly stored so I wouldn't choose just one wallet but multiple ones, combination of hard wallet and online wallet. I would also change my security information very often and be careful not to get infected with malware.
100 Bitcoin is a small but serious amount of money from it and it needed a serious attention especially on keeping or storing it. You can store that 100 bitcoins on a paper wallet which is safe because it is offline but risky because it is made up of paper which is very risky if something liquid will be poured on that paper wallet. There are a lot of ways to store your bitcoin, you can also try trezor which is very popular and many already said that trezor wallet is trustworthy and safe.
I agree , trezor wallet is good for me. Actually I am using trezor wallet , I am satisfied with its security. But storing a 100 btc need more security. Maybe it is depending on your choice. Many wallets are good it's just , you need to know how you can hide or protect your transactions.
100 Bitcoin is a small but serious amount of money from it and it needed a serious attention especially on keeping or storing it. You can store that 100 bitcoins on a paper wallet which is safe because it is offline but risky because it is made up of paper which is very risky if something liquid will be poured on that paper wallet. There are a lot of ways to store your bitcoin, you can also try trezor which is very popular and many already said that trezor wallet is trustworthy and safe.
I store my altcoins which current market cap is more than 100 BTC in my local wallet, aks QT wallet, altcoin has lighter blockchain, therefore we can get easier storage. Sometimes I store my coins on Poloniex, which I think is very secure, because I have complex password and 2FA protected, theoretically our accounts won't be hacked with 2FA protection.
If ever I will have that large of coins i will store it in a paper wallet and will perfectly divide it to 3 , after that i will make a copy of it in four different areas whereI usually go maybe in a house or in the offiice and etc. so that when something happen In case that their is fire or somethings I can still have a back uo on the other places where I stored by paper wallet
First of all it is a hypothetical situation.
Well it cannot be called hypothetical totally as they are billionaires who can own that amount.
But there are many many wallets in which you can store them.
Even you can convert many of them into fiats.
Storing them in pc wallets would be recommended.
Also using offline wallets is pretty good.
Well it cannot be called hypothetical totally as they are billionaires who can own that amount.
But there are many many wallets in which you can store them.
Even you can convert many of them into fiats.
Storing them in pc wallets would be recommended.
Also using offline wallets is pretty good.
Of course for now 100 bitcoins is a really big amount. The wallet I currently use is coinbase and I trust them. I would enable 2FA and transfer the money to their vault. If you guys don't know coinbase vault is like a security where a person can store bitcoins and in order to withdraw it he needs 2FA , 2 email verification. If somehow he is able to all 3 he still has to wait for 48 hours no matter what and during those 48 hours coinbase will message me and email me that I have withdrawn so I can easily cancel it.
Multiple hardware wallets possibly some kept in safety deposit boxes and definitely not all in the same location. I wouldn't let anyone know shit.
You mean if you tell here that how do you safe your Bitcoin it cause your Bitcoin hacked? I don't think only telling wallet name hurt your storing.as you have backup everywhere , separate it to several paper wallet will be a good idea for huge amount.
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