a multisig where one key is trezor, another is on a secure, identity-verified web service, and the third is with the wallet provider
for my cold savings the trezor and its seed would go into a safety deposit box
my spending/income coins would also be handled by another trezor that stays at home in my home safety deposit, from which i transfer into my smartphone hot wallets on regular intervals. the seed for my home trezor would also go to the bank. income designated for savings would be shipped off to my ultra cold trezor also at regular intervals
Topic: How would you store >100 Bitcoins? - page 24. (Read 42323 times)
This is a sincere answer: Given the variety of answers in this very thread, rather than universal endorsement of a single wiki page listing best practice, I'd look to:
Outsource security to full time security professionals;
Who store and manage money at their site;
Who are insured against theft so that even if they get rolled, I won't loss my money;
Who have a good IT systems in place to keep my account;
Who could release funds to my family if I died.
In other words I'd convert the Bitcoins to cash and keep it in a bank.
But, of course, I know that's not the spirit of the question. You are just asking for the best practice for the highest security when storing bitcoins.
Apart from joining you, OP, in surveying the other answer I'd only add: You could look to coinbase. They do have more than 100 Bitcoins in their possession; and of others peoples money furthermore. The chief thing to note is that they store most of their funds offline in "drives and paper backups [that] are distributed geographically in safe deposit boxes and vaults around the world". https://coinbase.com/security
Outsource security to full time security professionals;
Who store and manage money at their site;
Who are insured against theft so that even if they get rolled, I won't loss my money;
Who have a good IT systems in place to keep my account;
Who could release funds to my family if I died.
In other words I'd convert the Bitcoins to cash and keep it in a bank.
But, of course, I know that's not the spirit of the question. You are just asking for the best practice for the highest security when storing bitcoins.
Apart from joining you, OP, in surveying the other answer I'd only add: You could look to coinbase. They do have more than 100 Bitcoins in their possession; and of others peoples money furthermore. The chief thing to note is that they store most of their funds offline in "drives and paper backups [that] are distributed geographically in safe deposit boxes and vaults around the world". https://coinbase.com/security
Mtgox. That's what I did.
What percentage of your BTC were sitting in MTGox? I always thought the great advantage of BTC was that you could have physical possession of it (were you speculating?).
All. Back in the day when bitcoinqt was way worse than now. I pulled them off to the classic client when they had the gangbang with coinlab.
For no reasons, I trusted Gox more than blockchain.info
I had no 2fa or anything special set, I even recommended a guy to store his coins on Gox.
Sall good.
Securing a cold wallet with a strong passphrase which you'll keep in a safe place of course will do it.No need to make many wallets.
The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.
No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours? No one can touch them that way.
If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator.
~~MZ~~
under the tile is much better, with some deep digging, you could store your paper wallet there
Mtgox. That's what I did.
What percentage of your BTC were sitting in MTGox? I always thought the great advantage of BTC was that you could have physical possession of it (were you speculating?).
Mtgox. That's what I did.
Ha, the only correct answer!
Mtgox. That's what I did.
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
If I were a millionaire, I'd put it all into bitcoin, and use Coinbase's vault, with an extremely tough password and all levels of verification.
why not cold storage?
If I were a millionaire, I'd put it all into bitcoin, and use Coinbase's vault, with an extremely tough password and all levels of verification.
I like the fake water pipe idea. What ever happened to the old stand by the Cookie Jar? Growing up my dad used to call the cookie jar the college fund because he would hide money there in a baggie. My mother had a weird sense of humor. She took dad's money once and told him she thought I might have a drug problem. 
I've always preferred the word Cookie over Biscuit. People trust Banks too much these days. My Grandma passed on her distrust of banks to me and her love of gold (you soon realise what money is when you hold a one ounce gold coin - beautiful).
That's true, I have quite a few Canadian Maple Leaf one ounce coins and they are cool to just hold and look at. When you get into big dollar amounts it can be unwieldy though. That's one of Bitcoins strengths. You can have millions of dollars taped to the back of your ID in your wallet and no one will know it.
I diversified into Bitcoin after being a Goldbug for years (I resent the modern tags such as stackers, preppers etc..). Sadly being a Goldbug I was sceptical about Bitcoin at first and missed the main party (wasn't sure whether it would hold purchasing power over time - whoops). Despite holding more Gold than Bitcoin I would still prefer Bitcoin to Truimph however the elites hold Gold and therefore it will inevitably play the greater role in the future monetary system.
I like the fake water pipe idea. What ever happened to the old stand by the Cookie Jar? Growing up my dad used to call the cookie jar the college fund because he would hide money there in a baggie. My mother had a weird sense of humor. She took dad's money once and told him she thought I might have a drug problem.
I've always preferred the word Cookie over Biscuit. People trust Banks too much these days. My Grandma passed on her distrust of banks to me and her love of gold (you soon realise what money is when you hold a one ounce gold coin - beautiful).
That's true, I have quite a few Canadian Maple Leaf one ounce coins and they are cool to just hold and look at. When you get into big dollar amounts it can be unwieldy though. That's one of Bitcoins strengths. You can have millions of dollars taped to the back of your ID in your wallet and no one will know it.
I like the fake water pipe idea. What ever happened to the old stand by the Cookie Jar? Growing up my dad used to call the cookie jar the college fund because he would hide money there in a baggie. My mother had a weird sense of humor. She took dad's money once and told him she thought I might have a drug problem.
I've always preferred the word Cookie over Biscuit. People trust Banks too much these days. My Grandma passed on her distrust of banks to me and her love of gold (you soon realise what money is when you hold a one ounce gold coin - beautiful).
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'd prefer to sell them, I would be too worried to lose them all making some mistakes using cold storage wallets.
I like the fake water pipe idea. What ever happened to the old stand by the Cookie Jar? Growing up my dad used to call the cookie jar the college fund because he would hide money there in a baggie. My mother had a weird sense of humor. She took dad's money once and told him she thought I might have a drug problem.
The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.
No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours? No one can touch them that way.
If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator.
~~MZ~~
The refrigerator is a common hiding spot. If I was going to rob a house it would be the first place I would look.
Places criminals look for hidden valuables:
Go get the money mutherfuckers
In an envelope taped to the bottom of a kitchen shelf - check under all drawers
In a watertight plastic bottle or jar in the tank on the back of the toilet
In an envelope at the bottom of a kids toybox
In a plastic baggie in the freezer
Inside of an old sock in the bottom of the sock drawer
In an empty medicine bottle in the bathroom - take all medicine - you might find something to get you high later
In the pocket of shirts in the closet
In a folder in the filing cabinet
In an envelope taped to the bottom of the cat’s litter box and in the litter
In an envelope taped to the back of a wall decoration
In between several pages in a random book or two on the bookshelf - throw the books to the floor shit will fall out
Buried in a jar in the back yard - look for dirt that has recently been turned over or has nothing growing on it.
In a tool box in the garage
Underneath a potted plant (or even buried in a small jar in the soil)
In an envelope taped to the bottom of a dresser drawer - check all drawers top and bottom
Inside of a big coffee cup in the back of a cupboard
Inside the Christmas decoration box - most common place - check all boxes in the top of closets especially if you "own" the house for a few hours (out of town, you shot them, at work, etc.)
Inside of an empty bottle of beer in the back of the fridge with the cap seemingly
in place (smash it to get the cash)
In a plastic baggie inside of a flour or coffee container
In an envelope inside of a DVD case
It looks like a lot of work but you can do this whole list in one hour before the bitch knows what hit him
When my Grandma died we had to search the entire house before we sold it for hidden money. It was mostly £'s, however she liked her gold.
- Stitched into the curtains
- At the bottom on non-transparent sugar/tea pots
- Under the floorboards
- Inside a fake water pipe
The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.
No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours? No one can touch them that way.
If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator.
~~MZ~~
The refrigerator is a common hiding spot. If I was going to rob a house it would be the first place I would look.
Places criminals look for hidden valuables:
Go get the money mutherfuckers
In an envelope taped to the bottom of a kitchen shelf - check under all drawers
In a watertight plastic bottle or jar in the tank on the back of the toilet
In an envelope at the bottom of a kids toybox
In a plastic baggie in the freezer
Inside of an old sock in the bottom of the sock drawer
In an empty medicine bottle in the bathroom - take all medicine - you might find something to get you high later
In the pocket of shirts in the closet
In a folder in the filing cabinet
In an envelope taped to the bottom of the cat’s litter box and in the litter
In an envelope taped to the back of a wall decoration
In between several pages in a random book or two on the bookshelf - throw the books to the floor shit will fall out
Buried in a jar in the back yard - look for dirt that has recently been turned over or has nothing growing on it.
In a tool box in the garage
Underneath a potted plant (or even buried in a small jar in the soil)
In an envelope taped to the bottom of a dresser drawer - check all drawers top and bottom
Inside of a big coffee cup in the back of a cupboard
Inside the Christmas decoration box - most common place - check all boxes in the top of closets especially if you "own" the house for a few hours (out of town, you shot them, at work, etc.)
Inside of an empty bottle of beer in the back of the fridge with the cap seemingly
in place (smash it to get the cash)
In a plastic baggie inside of a flour or coffee container
In an envelope inside of a DVD case
It looks like a lot of work but you can do this whole list in one hour before the bitch knows what hit him
Forgot to search the under the bed sheet, inside the pillow and stuffed toys.
The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.
No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours? No one can touch them that way.
If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator.
~~MZ~~
The refrigerator is a common hiding spot. If I was going to rob a house it would be the first place I would look.
Places criminals look for hidden valuables:
Go get the money mutherfuckers
In an envelope taped to the bottom of a kitchen shelf - check under all drawers
In a watertight plastic bottle or jar in the tank on the back of the toilet
In an envelope at the bottom of a kids toybox
In a plastic baggie in the freezer
Inside of an old sock in the bottom of the sock drawer
In an empty medicine bottle in the bathroom - take all medicine - you might find something to get you high later
In the pocket of shirts in the closet
In a folder in the filing cabinet
In an envelope taped to the bottom of the cat’s litter box and in the litter
In an envelope taped to the back of a wall decoration
In between several pages in a random book or two on the bookshelf - throw the books to the floor shit will fall out
Buried in a jar in the back yard - look for dirt that has recently been turned over or has nothing growing on it.
In a tool box in the garage
Underneath a potted plant (or even buried in a small jar in the soil)
In an envelope taped to the bottom of a dresser drawer - check all drawers top and bottom
Inside of a big coffee cup in the back of a cupboard
Inside the Christmas decoration box - most common place - check all boxes in the top of closets especially if you "own" the house for a few hours (out of town, you shot them, at work, etc.)
Inside of an empty bottle of beer in the back of the fridge with the cap seemingly
in place (smash it to get the cash)
In a plastic baggie inside of a flour or coffee container
In an envelope inside of a DVD case
It looks like a lot of work but you can do this whole list in one hour before the bitch knows what hit him
hero member
Activity: 560
Merit: 506
I prefer Zakir over Muhammed when mentioning me!
The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.
No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours? No one can touch them that way.
If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator.
~~MZ~~
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