Topic: How would you store >100 Bitcoins? - page 15. (Read 42400 times)

When I read that I think I found a possible GENIUS idea: print the physical wallets half their scales and glue them to a page of a random book from your bookshelf. Remember the books' color and make sure there is no other book of that color in the bookshelf or just mark it so only you know that it's the "safe" one, and put it back in the shelf. Even if a thief comes and throws away all the books, the chances will be VERY small for that book to open exactly at the page they're glued!

Me its the KISS principal keep it simple stupid (me ie: stupid) mine like hell...hold what you can..put it in a paper wallet(s) 3 in a safety
deposit box in a water proof pouch in case sprinklers go off or something dumb like that..
 got brother the other key....(must watch brother when it hits 20k a btc note to self) ONLY him and/or me in..unless
we both get hit by a truck then usual other relatives called in....

Thus if the Bank gets swallowed up in a large sinkhole or a meteorite hits it ..it will simply prove the asic mining gods hate me (knc titans are evil beasts
that try to brick themselves often) and it was not meant to be...

so pretty simple system.......baring ..... galactic overlords taking over the earth...zombie apocalypse....or the sinkhole dream i have occasionally (shudder)

Always add to the BTC addresses in the safety deposit boxes...NO transactions OUT Ever to this point in time...or all goes into a virgin wallet again

(so far no problems with that yet)

Then again the excitement of BTC rising to the moon to 3k by the end of the year as others claim..that much joy will likely kill me with happiness on watching
such a moon shot in price

seems to have worked well since Oct 18th 2013 when BTC was exactly 150 usd  on that date out of my baby KNC 550gh Jupiter miner I think it may have
been even at a 1 btc per day rate...(why ...why...did I only buy ONE!!!!!!)

alas

Split them into differents offline wallet, and when you need to spend them, send bitcoins from offline wallet to an online one, and use them.

Why? That's 10 different wallets you need to keep track of. You might make a mistake handling so many wallets. For example, if you were dealing with 10 similarly named Bitcoin core wallet.dat files you might accidently backup one twice and forget to backup another.

Assuming I wanted to store >100 bitcoins for cold storage, I would use encrypted 5-of-7 multisig paper wallets entrusted in various locations. No matter what amount of bitcoin, if you want to keep it truly safe, that's what I always recommend for cold storage.  

I will do the same.

This is a lot of coins and if I had them I wouldn't store them just in one wallet. I would divide it into smaller sums kept in at least 5 different wallets and well secured. From time to time I would change them otherwise I wouldn't sleep peacfuly.

You should use TREZOR as it is a very safe solution even if it costs $99,but if you have 100 btc that shouldn't be a problem. It cannot be affected by malware and trezor is also an "isolated environment for offline transaction signing and using a small display you can visually verify the transaction contents. That's why all operations using TREZOR are entirely safe." You can check for more info on their site: https://bitcointrezor.com/

Alternatively you can use a paper wallet but that is not very practical,but it is very safe. If you want to keep them in hot wallets I would split the bitcoin in several desktop wallets on multiple devices. This way you minimize the risk of being hacked/infected with malware.

maybe i'll divide it into two or three parts and I'll use a separate and a different wallet I'll store one or two part/s of it to a cold wallet and the other will be on the hot wallet or web wallet . I don't think that I'll be forgetting the passwords/codes although they have different codes I'll make sure that I can easily remember it and I don't mind those hackers I'll also make sure that my computer will be secured .

Storing as much as BTC100 in a single wallet is not a good idea. If I had BTC100 with me, then I would split them in to ten different wallets than storing all of them in a single wallet.

But still it means that only the paper wallet like paper currency is the most safest way of securing the bitcoins, that is why it is told that fiat currency wont vanish it will still be their only thing is it will change to bitcoin paper will take place on fiat paper currency.

but i will prefer to use desktop wallet as even if the wallet is not their and until i am holding the passphrase i can rebuild the old wallet and get my address and use it.

A copy of the wallet is useless to any thief if bip 38 encryption is  used...

I don't nearly have 100 bitcoin, but I have a decent sum, for someone my age. I have 3 bitcoin.

With 100 bitcoin, I would save 60 of it into a full set of Genesis coins, 10 bitcoin in each. Another 30 will go to a cryptosteel wallet generated offline, and 10 would go into my Ledger HW.1.

How safe is the deposit box. Can the staff take a copy of the paper wallet?

Storing a huge amount of bitcoin in a single wallet doesn't sound wise to me. The smart thing to do in my opinion would be to split the coins into parts and store in different wallet and not failing to apply other necessary security precaution.

Most people I know mostly only have multiple online wallets with 2-step authentication enabled. Guess they don't have a lot of btc to safeguard yet.

I've read about paper wallets but they seem quite complicated (plus they're paper). If I have as much btc as OP is suggesting, I'd probably just use a hardware wallet. From my understanding you would just need a dumb pc to set it up.

For now, poor me would have to bear with OL wallets.

this is what i will do if i have > 100 bitcoin and i will use the offline wallet, and for online wallet, maybe i will only two or three wallet and i will use cold wallet too as i want to keep the most of my bitcoin and for the other wallet, maybe i will make separate in each of 5-10 bitcoin in 10 wallets.

If I store 100 bitcoins I will make 20 different wallets. 10 for online wallets and 10 for cold wallets. Then just to be safe I must store all the needed datas such as emails, username, identifiers and passwords in an excel format and save it in different places in hard drives, flask drives, email, burn it in a cd and of course I must have a hard copy that way I can never lost my records. After every 5 years I will spend 10 bitcoins, I just hope the price would not deflate then its a big loss if that happens.

I will probably keep several paper wallets and have some copies just in case I need it, the copies will be kept at different places so if something like a fire or flood were to happen you have backups ready.

I will divide my btc into several wallet, like don't put all eggs in one basket, if one get hacked there are anothers.
But still, need to create some offline wallets (paper wallet) and store about 10-50btc there (divide) say about 3-5 wallets and save the paper on the safety box in the ground .
The rest 50btc save in several online wallets too, to use in transaction.