I have 93 btc. Trying to work back to 100. Got some equip for ltc minning, so sold some.
I have 2 paper wallets in safety deposit bank and 1 hot wallet for bills and dust in my laptops.
No other copies of stuff in bank. I figure if the bank falls down a sinkhole then it is proof
The asic miner gods hate me. No issues the paper wallet private keys have never been used.
I simply add whatever I can to an address. I figured 52 on first one. Now trying to
Build up 2nd one up and over 50 again.
No fuss no mess and got a huge safety deposit box for $65 bucks a year
Topic: How would you store >100 Bitcoins? - page 16. (Read 42323 times)
Make separate physical wallets and separate the coins among them
Make backup of them just in case
And put them where no one would ever think such thing would be found, like among old books or among useless paper
Make backup of them just in case
And put them where no one would ever think such thing would be found, like among old books or among useless paper
A hundred, fifty or twenty-five cold wallets. Just printing them out and storing them there, laminating them at home with some DIY sets and placing them somewhere safe. Because it's not a big object, a small piece of paper (you can even print it at half of its size to make it even easier to store) can be hidden anywhere safely and no thief will steal it.
Ledger or Trezor. (I use Ledger Nano-S)
Thats all there is to say about it.
Thats all there is to say about it.
It's clear that a lot of people like to store their bitcoin in different ways, but I think a combination of all those ways is the best one. Keep some bitcoins in HDD's that are not connected to any computer (if they are not connected, they are safe and also they will last for a lot of years). Also put some in SSDs and pendrives, but some in paper wallets encrypted with bip38, and put some in zip files that are encrypted with a very strong password and that are hosted in random places where nobody would bother to look at. This way you have various points of failure. Just don't use brainwallets, they are not safe.
If I have that big amount of coins, I would buy the most trendy,sexy and expensive hardware wallet that is out there. Based on the ones out until now Trezor would be the first choice. In fact I think everyone with 10 or more BTC should invest in a hardware wallet as is the wisest and greatest choice we can make when we have higher amount of coins.
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'm looking for real responses and ideas. Please keep the trolling to a minimum
Off course man, I would definitely spend them on a cryptocurrency where half the value is locked safe and sound in Scandinavian forests, they will allways have a certain value!
I think that trezor would be the best choice here, if the amount is that big.
Because the number of bitcoins is small, but its value is very high and you are soon to reach 1/10th of a million bucks, so storing them in something very secure is the only option.
Because the number of bitcoins is small, but its value is very high and you are soon to reach 1/10th of a million bucks, so storing them in something very secure is the only option.
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.
i do this.
when you pay ... seller don't know if you have more than 5 or 10 BTC.
Your idea was a good tip of advice, I'll copy your suggestion/idea but instead of 5 bitcoin for every new wallet address I'll make it 10btc each. With that amount I'll save a lot of money.
*sigh* It doesn't cost anything to make a new wallet. What you need is something to secure your wallets. But the best option would just be to secure one wallet extremely securely, as I recommend with a ledger wallet.
Nobody knows anyway if you are paying them from an exchange wallet or your personal one unless you tell them...
I used to pay people directly from Bitfinex and localbitcoins.com and they can only guess how much is mine from total balance....
My hoard is 100 btc lol😄
Paper wallet in plastic and in waterproof bag in a safety deposit box at my bank. $60 a year for huge one and other important documents in there too.
I figure if the bank sinks into a sinkhole or is hit by a asteroid...then the
ASIC miner gods that got me to 100 btc hate me and so be it. Also tough for
A coward like me to 'panic sell' 😏
Paper wallet in plastic and in waterproof bag in a safety deposit box at my bank. $60 a year for huge one and other important documents in there too.
I figure if the bank sinks into a sinkhole or is hit by a asteroid...then the
ASIC miner gods that got me to 100 btc hate me and so be it. Also tough for
A coward like me to 'panic sell' 😏
It's not that I have 100 BTC but this is my idea if I ever have:
I would not need that big BTC if I don't have a plan to invest it and if I do, of course it's gonna be stored to the site/s I invested into.
So otherwise, I'm gonna withdraw it and keep the cash to myself instead. I can't trust the internet to hold that much money for me.
I would not need that big BTC if I don't have a plan to invest it and if I do, of course it's gonna be stored to the site/s I invested into.
So otherwise, I'm gonna withdraw it and keep the cash to myself instead. I can't trust the internet to hold that much money for me.
Yes, it is too risky to trust the internet with such a big amount. I myself would withdraw it and encash or invest it to gain more profit and keep the other half in an offline storage. That way i can sell the one stored when BTC skyrocketed in price and get earning from the other half which is used inn investment.
It's not that I have 100 BTC but this is my idea if I ever have:
I would not need that big BTC if I don't have a plan to invest it and if I do, of course it's gonna be stored to the site/s I invested into.
So otherwise, I'm gonna withdraw it and keep the cash to myself instead. I can't trust the internet to hold that much money for me.
I would not need that big BTC if I don't have a plan to invest it and if I do, of course it's gonna be stored to the site/s I invested into.
So otherwise, I'm gonna withdraw it and keep the cash to myself instead. I can't trust the internet to hold that much money for me.
Yes, it is too risky to trust the internet with such a big amount. I myself would withdraw it and encash or invest it to gain more profit and keep the other half in an offline storage. That way i can sell the one stored when BTC skyrocketed in price and get earning from the other half which is used inn investment.
Cold storage would be the best option, split the 100 up into lots of paper wallets.
i would store it to 5 different wallet if I could it's means each wallet would have the balance of 20 bitcoin or something but I think that would be very complicated if you will create or generate and use different wallets consecutively and probably there's a possibility that you will forget the other passwords, passphrase or whatsoever .
I will create multiwallet to store my good, cause holding everithing at once it's dangerous for your money, scammers and hackers everywhere.
I wouldn't store that much money in Bitcoin. Never. I'd exchange it and keep that amount of cash somewhere safe, IN MY HOME. Banks are here to earn money, I don't trust them... In my country the banks state in the agreement that, if the bank will ever fail, ALL the sums AND stored goods will be used to recover the money lost by the bank. So you're basically helping someone who fails by giving all you have. NO.
But cash loses its value. More so in corrupt countries.
I will send a small portion of it to my main Bitcoin address. Then I will store the rest over into a few other offline address just to be secure.
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.
i do this.
when you pay ... seller don't know if you have more than 5 or 10 BTC.
Quite encouraging .....will put this in use too..
Just make more than one wallet. Maybe you can divide 100 bitcoin to 10 wallets and put 10 bitcoin in each wallet. Don't forget to write you're wallet identifier and the password in a peper or book. Make sure you aren't forget about where do you put you're money.
i would also have a few wallets in my opinion in order for it to be as safe as possible, though i dont have that much money right now
Just make more than one wallet. Maybe you can divide 100 bitcoin to 10 wallets and put 10 bitcoin in each wallet. Don't forget to write you're wallet identifier and the password in a peper or book. Make sure you aren't forget about where do you put you're money.
Jump to: