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Topic: How would you store >100 Bitcoins? - page 26. (Read 42383 times)

sr. member
Activity: 294
Merit: 250
August 23, 2014, 09:46:49 PM
Many paper wallets.
Maybe with the keys encrypted and split to redundant pieces (n of m) and store them at various locations.
That should be the safest option, IMHO.
 Smiley
legendary
Activity: 1834
Merit: 1020
August 23, 2014, 08:37:47 PM
I'd split between coinbase, bter, and bitfinex.

I'd also store maybe about 20% in hard wallet on my computer/usb. I consider this, personally to be my biggest risk as I'm much more likely to lose my computer/usb stick to something stupid than something going on online.

That's just me though.
These are all very bad places to keep your bitcoin. If you kept your money in any of the above places you would be trusting that a third party would not run away with your bitcoin. This is against the principles of bitcoin and keeping your bitcoin safe. The whole point of using the network as a ledger is that you do not have to trust some other person to keep track of your balance or how much money you have.

Agreed.

Bitcoin allows you the opportunity to exercise personal responsibility for your money.  If you entrust your BTC with a third-party service provider -- even if it's a well-established entity such as Coinbase, Blockchain.info, etc. -- and you lose your money, you can only blame yourself at that point.
hero member
Activity: 588
Merit: 500
August 23, 2014, 07:34:47 PM
I'd split between coinbase, bter, and bitfinex.

I'd also store maybe about 20% in hard wallet on my computer/usb. I consider this, personally to be my biggest risk as I'm much more likely to lose my computer/usb stick to something stupid than something going on online.

That's just me though.
These are all very bad places to keep your bitcoin. If you kept your money in any of the above places you would be trusting that a third party would not run away with your bitcoin. This is against the principles of bitcoin and keeping your bitcoin safe. The whole point of using the network as a ledger is that you do not have to trust some other person to keep track of your balance or how much money you have.
legendary
Activity: 896
Merit: 1001
August 23, 2014, 09:22:06 AM
Use multiple paper wallets.  Have maybe at most 5 BTC in each.  Make sure there is atleast 2 copies of each wallet.
legendary
Activity: 1148
Merit: 1018
It's about time -- All merrit accepted !!!
August 23, 2014, 08:58:20 AM
lol

under patriot act the govt can look and remove your safe deposit box and not even notify you

On storing 100+ btc , depends on your personal/familiy situation and how /when you need to use the btc again but sounds like mosts of the others told you what to do .....


Why in the world would you trust digital money for so high amount? I will exchange 95% of my coins into bank then..

Banks have good security measure, you can store your USB key in their storage box, like twins did
member
Activity: 67
Merit: 10
August 23, 2014, 08:53:14 AM
Paper wallet in bank safe deposit box
member
Activity: 602
Merit: 10
God is with us
August 23, 2014, 07:30:15 AM
Paper Wallet stored in a very secure place Smiley
Under the colder side of your pillow?
hero member
Activity: 482
Merit: 500
LAUNDER BITCOIN: https://BitLaunder.com
August 23, 2014, 07:00:47 AM
Paper Wallet stored in a very secure place Smiley
It will be almost impossible to get you BTC on a paper wallet.
(I'm really waiting for hardware wallets )
sr. member
Activity: 322
Merit: 250
August 23, 2014, 06:13:34 AM
Just get a Trezor. Does it get any better than this for offline hard storage?
legendary
Activity: 1680
Merit: 1035
August 23, 2014, 02:05:21 AM
Offline Armory on tiny computer among a pile of PC junk in the house, m-of-n paper backup stored in different physical locations, all coins split among many addresses in the wallet to hide total wallet amount.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
August 22, 2014, 09:51:08 PM
Put a paper wallet inside a vacuum sealed bag and store it inside a full colostomy bag at your grandmothers nursing home.
sr. member
Activity: 441
Merit: 250
August 22, 2014, 01:47:01 PM
Is the question how I would store it, or is it what the proper way to store it is?

They're not necessarily the same thing  Tongue . Lots of people store 100 btc at various exchanges. That's not a good idea, but people are lazy.
full member
Activity: 287
Merit: 101
August 22, 2014, 01:45:58 PM
I will never store 100 bitcoins in digital form, I will exchange to cash as soon as possible, too much risk.

Not so fearless. :-)
member
Activity: 89
Merit: 10
August 22, 2014, 01:37:40 PM
I will never store 100 bitcoins in digital form, I will exchange to cash as soon as possible, too much risk.
member
Activity: 70
Merit: 10
August 22, 2014, 01:35:39 PM
If i had 100 btc more
I will fill in 1 BTC for each address and some I will keep it in wallet offline
For offline wallet I prefer multibit and electrum

This is a pain in the ass. They should come up with a better way. Sometimes I think Monero is the future.
sr. member
Activity: 392
Merit: 250
August 22, 2014, 01:14:25 PM
If i had 100 btc more
I will fill in 1 BTC for each address and some I will keep it in wallet offline
For offline wallet I prefer multibit and electrum
member
Activity: 92
Merit: 10
August 22, 2014, 11:24:00 AM
Use an offine wallet, and access it when you are sure your pc is safe. Use a virtual on screen keyboard too. Keep your antivirus updated. Have a good firewall.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
August 22, 2014, 11:20:10 AM
Why in the world would you trust digital money for so high amount? I will exchange 95% of my coins into bank then..

Banks have good security measure, you can store your USB key in their storage box, like twins did
member
Activity: 83
Merit: 10
August 22, 2014, 10:23:23 AM
Make mutiple wallets and store 5-10 btc max in each wallet. Enable login from a limited IP range only, with 2 step authentication..

You will never have to worry about  BTC again Smiley)
member
Activity: 69
Merit: 10
August 22, 2014, 10:19:16 AM
I would split them into twenty USB pendrives and make some cold storage wallets, then I will bury the USB sticks into my garden.
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