I would get a tattoo with the private key (encrypted) somewhere on my arm, nobody can't steal it 
Translate it to another language would also help. 16组QT 2 I LQ 7d5我ŸKK怀俄明州金6 MF R无UFZ 3 NZ赫兹
Topic: How would you store >100 Bitcoins? - page 20. (Read 42383 times)
Translate it to another language would also help. 16组QT 2 I LQ 7d5我ŸKK怀俄明州金6 MF R无UFZ 3 NZ赫兹
I would get a tattoo with the private key (encrypted) somewhere on my arm, nobody can't steal it
25 BTC to cold wallet
25 BTC for shopping
25 BTC for trading
25 BTC for mining/create company
Total 100 BTC
25 BTC for shopping
25 BTC for trading
25 BTC for mining/create company
Total 100 BTC
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services. Absolutely not advised. Who wants "somewhat" safe? The only methods you should be using for your savings are multiple offline generated paper wallets (with bip38 encryption recommended) and copies on usb stored in multiple safe locations. Other options include Armory wallet generated offline or hardware wallet like Trezor (use a password and store seeds in multiple safe locations). I use all 3 methods.
HIGHLY disagreed. This is maybe true only for someone who isn't quite sure what they are doing when it comes to paper wallets/cold storage and encryption. Perhaps you need a little education and practice to feel comfortable and secure?
Also, still a chance coinbase can be hacked. (they don't insure all your coins), their site can go down, it takes 48 hours to withdraw, who knows what else could possibly happen in the future leaving your coins with a 3rd party. I would not feel at all safe and neither should anyone else. I also don't suggest anyone recommending CB Vault as a secure method of storage.
If you have control of your private keys and are using some method of cold storage then you could potentially be notified of a withdrawal, however it would be more or less impossible to stop a TX if you did not actually authorize it.
The point is you have to wait 48 hours for your savings...no thanks. And what about the fact that it is a 3rd party, they could go down when you need your money, their servers and backups could be attacked, they could put a freeze on your account (possibly even out of their own will), I don't see how someone could feel assured their holdings are safe on Coinbase. It's just something people who are too lazy to learn a better method resort to. Your argument about stopping a transaction doesn't apply because they woudn't have my private keys to begin with unless the broke into my house, and another house, compiled the encrypted keys and then cracked the passwords to the paper wallets. Take the time to learn proper storage.
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services. Absolutely not advised. Who wants "somewhat" safe? The only methods you should be using for your savings are multiple offline generated paper wallets (with bip38 encryption recommended) and copies on usb stored in multiple safe locations. Other options include Armory wallet generated offline or hardware wallet like Trezor (use a password and store seeds in multiple safe locations). I use all 3 methods.
HIGHLY disagreed. This is maybe true only for someone who isn't quite sure what they are doing when it comes to paper wallets/cold storage and encryption. Perhaps you need a little education and practice to feel comfortable and secure?
Also, still a chance coinbase can be hacked. (they don't insure all your coins), their site can go down, it takes 48 hours to withdraw, who knows what else could possibly happen in the future leaving your coins with a 3rd party. I would not feel at all safe and neither should anyone else. I also don't suggest anyone recommending CB Vault as a secure method of storage.
If you have control of your private keys and are using some method of cold storage then you could potentially be notified of a withdrawal, however it would be more or less impossible to stop a TX if you did not actually authorize it.
The point is you have to wait 48 hours for your savings...no thanks. And what about the fact that it is a 3rd party, they could go down when you need your money, their servers and backups could be attacked, they could put a freeze on your account (possibly even out of their own will), I don't see how someone could feel assured their holdings are safe on Coinbase. It's just something people who are too lazy to learn a better method resort to. Your argument about stopping a transaction doesn't apply because they woudn't have my private keys to begin with unless the broke into my house, and another house, compiled the encrypted keys and then cracked the passwords to the paper wallets. Take the time to learn proper storage.
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services. Absolutely not advised. Who wants "somewhat" safe? The only methods you should be using for your savings are multiple offline generated paper wallets (with bip38 encryption recommended) and copies on usb stored in multiple safe locations. Other options include Armory wallet generated offline or hardware wallet like Trezor (use a password and store seeds in multiple safe locations). I use all 3 methods.
HIGHLY disagreed. This is maybe true only for someone who isn't quite sure what they are doing when it comes to paper wallets/cold storage and encryption. Perhaps you need a little education and practice to feel comfortable and secure?
Also, still a chance coinbase can be hacked. (they don't insure all your coins), their site can go down, it takes 48 hours to withdraw, who knows what else could possibly happen in the future leaving your coins with a 3rd party. I would not feel at all safe and neither should anyone else. I also don't suggest anyone recommending CB Vault as a secure method of storage.
If you have control of your private keys and are using some method of cold storage then you could potentially be notified of a withdrawal, however it would be more or less impossible to stop a TX if you did not actually authorize it.
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services. Absolutely not advised. Who wants "somewhat" safe? The only methods you should be using for your savings are multiple offline generated paper wallets (with bip38 encryption recommended) and copies on usb stored in multiple safe locations. Other options include Armory wallet generated offline or hardware wallet like Trezor (use a password and store seeds in multiple safe locations). I use all 3 methods.
HIGHLY disagreed. This is maybe true only for someone who isn't quite sure what they are doing when it comes to paper wallets/cold storage and encryption. Perhaps you need a little education and practice to feel comfortable and secure?
Also, still a chance coinbase can be hacked. (they don't insure all your coins), their site can go down, it takes 48 hours to withdraw, who knows what else could possibly happen in the future leaving your coins with a 3rd party. I would not feel at all safe and neither should anyone else. I also don't suggest anyone recommending CB Vault as a secure method of storage.
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services. Absolutely not advised. Who wants "somewhat" safe? The only methods you should be using for your savings are multiple offline generated paper wallets (with bip38 encryption recommended) and copies on usb stored in multiple safe locations. Other options include Armory wallet generated offline or hardware wallet like Trezor (use a password and store seeds in multiple safe locations). I use all 3 methods.
I especially do not like trezor because it is so new and untested against attacks.
I want to get your guys's take on this. How many different wallets or paper wallets, do you think that 100 BTC should be spread across? How about 25BTC?
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services. Absolutely not advised. Who wants "somewhat" safe? The only methods you should be using for your savings are multiple offline generated paper wallets (with bip38 encryption recommended) and copies on usb stored in multiple safe locations. Other options include Armory wallet generated offline or hardware wallet like Trezor (use a password and store seeds in multiple safe locations). I use all 3 methods.
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
I think as long as you use coinbase's vault service it would be somewhat safe to keep your bitcoin there. I would personally prefer blockchain.info above coinbase, but this is personal preference. I would say that if you are going to keep a large amount at coinbase that you will not need in the near future there is no reason not to use their vault services.
Firstly I would prefer keeping so many coins offline, possibly exchanging them to cash. If I am bound to store then offline/cold wallets are the best move. The wallets will also be provided with additional security like no internet access and complete isolation during non-usage of wallet.
I would use the Trezor device, it exsist because of that.
I know a lot of people will disagree with me but I kinda like having my Bitcoin in an online wallet. It means I can access them anywhere in the world without having to carry anything with me and without incurring fees from CC companies. I've been using Coinbase for a while now and I personally think they're as safe as it gets when it comes to online wallet services. Also they now have the 'Vault' accessible to everyone and it allows you to store big amounts of BTC offline.
Not gunna lie no wonder we here about Bitcoins being stolen everywhere ....look at some of the suggestions people are offering up ^^ LOL
Paper wallet? Or a super duper secure online wallet, heavily encrypted with backups.
In a encrypted HD, with tons of backups.
TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
My whole family knows vaguely how to get them. I'm sure upon my death they'll do the necessary googling.
TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Think of it is a service to you. They are making your coins more valuable.
Well if I had that many I would definitely store them offline. Probably but a Raspberry pie and get them on there. Also I would put them on a few of those, just in case.
Jump to: