Topic: How would you store >100 Bitcoins? - page 22. (Read 42383 times)
I would recommend offline storage, paper wallet or https://BitArmored.com for deep cold storage
Offline storage, and a secure paper wallet.
Paper wallets can be stored in a safety deposit box, along with the SD/USB device at a local bank. No sense in banking crypto if your gonna have a version hanging around the house.
The four keys should be installed in view mode only on an Application such as Mycelium, or links to the blockchain should be created in your browser, as to keep an eye on them as you move from day to day!
If long term banking is required, then only passwords can be kept around the house, say in a cookie jar, picture frame, etc.
Enjoy crypto man it's alot of fun!
The four keys should be installed in view mode only on an Application such as Mycelium, or links to the blockchain should be created in your browser, as to keep an eye on them as you move from day to day!
If long term banking is required, then only passwords can be kept around the house, say in a cookie jar, picture frame, etc.
Enjoy crypto man it's alot of fun!
In the case of 100+ BTC. I's very simple. 2 things. One, you want to keep an eye on that, so as they don't just disappear over night. Two you want that off-line, far from the prying hand of hackers!
My suggestion, is break it down into 4 paper wallets, generated off-line, 25+ each. Each using a unique pass-phrase or password. Paper wallets are stored in a plastic zip-lock bag for moisture protection. The private keys associated with their corresponding public key should be copied to a SD, USB, or a removable media device by an off-line computer, and that to should be zip for moisture!
My suggestion, is break it down into 4 paper wallets, generated off-line, 25+ each. Each using a unique pass-phrase or password. Paper wallets are stored in a plastic zip-lock bag for moisture protection. The private keys associated with their corresponding public key should be copied to a SD, USB, or a removable media device by an off-line computer, and that to should be zip for moisture!
Same way I'm already storing my <100 BTCs (simple cold storage paper wallets with off site backups). Doesn't matter how many there are, it only matters whether or not you care if they're lost.
its better to keep them in pc wallet 
With 100 bitcoins I would take ten trezors and store 10 bitcoins in each one of them.
Armory with an m-of-n backup with dedicated separate cold wallet and hot wallet computers. Distribute the m-of-n backups geographically and among a couple different safe deposit boxes. In your will write clear instructions on how to recover the coins with the backups. This is the safest way to store coins imo.
What would you need a hot wallet computer for? Other than that, this is a great method.
You use the hot computer to create transactions on a watch-only wallet that you can bring back to the cold wallet to sign. You then bring that transaction back to the hot computer and broadcast it.
I wish sometime i can :v Lol ..
i will separate them to few wallet , i'll make 3 Offline Wallet and i'll put there 20 BTC each wallets , 15 Online wallets , 1 BTC each wallets ..
and 1 phone wallet with 5 BTC inside it
i will separate them to few wallet , i'll make 3 Offline Wallet and i'll put there 20 BTC each wallets , 15 Online wallets , 1 BTC each wallets ..
and 1 phone wallet with 5 BTC inside it
I would buy several usb sticks and put on the one hundred wallets (one each) in cold storage.
I'd use 2-3 various ways of storing those bitcoins, in case one of my strategies really should be flawed! But I'd definitely keep most of those coins in a paper wallet of some sort! Online wallets or wallets on an online computer are just too unsafe!
I'd prefer to sell them, I would be too worried to lose them all making some mistakes using cold storage wallets.
Although not trying to solicit any sort of business (just trying to gauge how people are thinking) do you think if someone were to offer you a service to "help you to do cold storage" with M of N addresses (i.e. that needed say 2 of 3 sigs) would that change your mind?
I think a better solution would be to simply hand over your BTC to someone extremely trusted who you believe will not be going anywhere for the term of your sentence and will only return your BTC upon receipt of a very specific password sent at very specific circumstances (that would be easy to replicate, hard to forget, and hard to guess).
I'm currently holding some btc for a sister-in-law because it's too technical for her, and she doesn't know how to manage wallets and backup. The cruxes of bitcoin for the old generation or the non technical savvy crowd.
Good idea until someone eats your rice
Yeah, that could be a problem. Could you imaging realizing that you're steaming 100 Bitcoins.
Good idea until someone eats your rice
I'd write it on a grain of rice and put it in a bowl full of rice in the kitchen.
Armory with an m-of-n backup with dedicated separate cold wallet and hot wallet computers. Distribute the m-of-n backups geographically and among a couple different safe deposit boxes. In your will write clear instructions on how to recover the coins with the backups. This is the safest way to store coins imo.
What would you need a hot wallet computer for? Other than that, this is a great method.
I think the best choice is subdivide 100 btc in 100 addresses different , 1 btc in each address . I suggest also to use electrum is easy ,strong and secure.
I would not dare to save a lot of bitcoin wallet afraid of something that is not desirable, it is better to exchange real currency is more useful for a lot of people
I hear Mark Karpeles is offering bitcoin storage solutions but you have to lock your coins in for 2 years and cost of storage is around 75%. Better to do this then lose 100% via someone hacking you or wallet failure accident.
Nice joke, you forgot to mention that those coins will be held in escrow by governments around the world while a lawsuit and hunt for him occurs in case of any incidents
I hear Mark Karpeles is offering bitcoin storage solutions but you have to lock your coins in for 2 years and cost of storage is around 75%. Better to do this then lose 100% via someone hacking you or wallet failure accident.
Jump to: