How would you store >100 Bitcoins? - page 5.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: lyth0s on August 03, 2014, 07:40:44 AM

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 Tongue

I will store my coins in a hardware wallet that is the most secure device to store your coins, but I will know the seed by memory that way if you ever need to leave everything behind you are going to have all your money with you without carrying anything with you.

cpfreeplz

legendary

Activity: 966

Merit: 1042

Quote from: ?? on ??

I would use 1Bitcoin Wallet in online to save the 100btc.Or for safety I could use 10wallet for 10btc each.

omg no you wouldn't. If you had 100btc you'd be a lot more educated and you'd understand that Web wallets are the least secure way to hold bitcoins.

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: Meuh6879 on August 03, 2014, 07:42:19 AM

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.

Although this is an old answer, it's still applicable and with new bitcoin wallets with new innovation coming up, I think users will have a wide array of choices where he can store that 100 bitcoin 5 bitcoin for every wallet is still a good option but can the user remember every one of it?

rkyass

member

Activity: 67

Merit: 10

Hello,

I would advise you to get a hard wallet such as ledger nano S. The most secure way in my opinion to store your bitcoin safely. I have been using it for quite some time now, and it is working really well. The only thing maybe is that it is out of stock for the moment, so you will have to wait some time before it is shipped to you. hope it helped.

Cheers

slackcryptoz

sr. member

Activity: 456

Merit: 250

Quote from: ?? on ??

I could use one wallet for 100btc. And I think it's safe to use 1wallet.
Or I can use 10wallet with 10btc per wallet.

Keeping such a big number of bitcoin in a single wallet is simply a big risk. In.my view the diversified saving is good for increased security of the user. Else make the long term holding in a single cold storage and diversify the rest into few number of online or desktop wallet.

Ryan Dugan

hero member

Activity: 924

Merit: 501

I would keep a laminated paper wallet backup with my parents and at my place. I also would back up the wallets to external hdd or ledgers and store them in a safe separate to the paper wallet backup which can simply be filed among other things. Maybe even an art piece with the private key on it somewhere.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: BlackPanda on June 22, 2017, 02:33:30 AM

When i have 100 BTC then i will share it and store it in some wallet. I will choose the wallet desktop and also web wallet.
By sharing it I'm not too worried because I have good security.

Desktop and web wallets are not enough to secure your 100 bitcoin and i will suggest that just buy a hardware wallet like trezor or ledger hardware wallet because it has more chance for you to secure your bitcoin for long term and just keep monitoring it to make sure that you will not lose it and also don't forget to make a back up of your password seeds.

BlackPanda

legendary

Activity: 1414

Merit: 1001

When i have 100 BTC then i will share it and store it in some wallet. I will choose the wallet desktop and also web wallet.
By sharing it I'm not too worried because I have good security.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Normally I would store them in the best possible way as their value now is more than 250.000 dollars. I would try to store in offline cold storage , a paper wallet or a hardware wallet. I would never trust more than 100 bitcoins to wallets like coinbase, xapo because I would be giving control to them over my coins. It is better to keep them myself.

unusualfacts30

hero member

Activity: 1540

Merit: 500

I would store them in different wallets, offline. Keep them in different places for security reason.

Daniel_West

member

Activity: 73

Merit: 10

Quote from: lyth0s on August 03, 2014, 07:40:44 AM

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 Tongue

Try reading about Tor coins on Ubuntu. That's the safest thing I know so far. And there's no need for multiple wallets

erickkyut

hero member

Activity: 1176

Merit: 509

If I have 100 Bitcoin, I will deposit half of it to my bank account then build my own business. As fir the remaining half, I will invest some of it to trading and then I will hold the remaining and wait till Bitcoin value rise to $10000

nishle

newbie

Activity: 2

Merit: 0

That the huge amount if i have 100 bitcoins i will keep it on wallet exchange and use it for trade.

Wipro

hero member

Activity: 924

Merit: 512

Quote from: bajing on June 22, 2017, 01:56:02 AM

Quote from: sevendust777 on March 08, 2017, 01:25:00 AM

I like this if I have 100 bitcoin Im really rich. I would rather cashout my 50 btc into fiat to enjoy my life, Id like to travel around the world and complete my bucketlist. So, I would like to restore my 50 btc into 5wallets to ensure that it is secured with 2FA for security purposes.

I agree with you to separate 50/100 btc on some online wallets. I think this way is safer than we store 100btc in one wallet even though many say that hardware wallet is safe but separating on some wallets will be safer.

I suggest to try trezor hardware wallet to have your high amount bitcoins safely. You can find many desktop, coldstorage, paper and online wallet. The preference according to your choice.
Wherever it is. No one is gonna loot your bitcoins because your wallets are provided with email authentication and password protected. Hacking is also will not work due to high level crypto security. So wherever you want.

bajing

legendary

Activity: 1176

Merit: 1001

The most Professional Cryptocurrency Casino

Quote from: sevendust777 on March 08, 2017, 01:25:00 AM

I like this if I have 100 bitcoin Im really rich. I would rather cashout my 50 btc into fiat to enjoy my life, Id like to travel around the world and complete my bucketlist. So, I would like to restore my 50 btc into 5wallets to ensure that it is secured with 2FA for security purposes.

I agree with you to separate 50/100 btc on some online wallets. I think this way is safer than we store 100btc in one wallet even though many say that hardware wallet is safe but separating on some wallets will be safer.

gokselgok

full member

Activity: 143

Merit: 100

Quote from: Beliathon on August 03, 2014, 09:19:45 AM

~80% in 1 brain wallet, ~10-20 btc in Coinbase/Armory or similar trusted 3rd party.

I also read someone keeps a ton of paper wallets, each with 1 or 2 BTC, I liked that too but only if you have a TRULY safe and secure place to store them.

Remember, the safest protection for your wealth is nobody knowing about it.

Correct don't say that you have many bitcoins and always remember there are no danger if you only the one who knows it. make hot wallets cold wallets paper wallets you can use all of that to store your bitcoin. 100bitcoin is you just like hit the million dollar lottery so you must keep them safely always.

Paashaas

legendary

Activity: 3512

Merit: 4557

I would store those 100 coins on my Trezor.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

With 100+ Bitcoins, I would probably only keep between 3-5 coins spread across multiple hot wallets so that I can ShapeShift into several different alt-coins easily without having to pull them from cold storage.

The other 95 or so I would spread across several hardware wallets. I definitely wouldn't want to keep them all in one hardware wallet in case it got stolen or my house burned down or something like that.

babsalt1975

sr. member

Activity: 526

Merit: 250

More than 100 btc?. That would burst my wallet Grin

I would split that into several wallets both on and offline for security purposes. Also at the moment, you can not risk to keep everything in bitcoin because you don't know what is going to happen next. You might wake up one day and find that price has dropped to $10 and stay there for good. What will you with your <100 btc? Throw away?

hajimasan

hero member

Activity: 882

Merit: 500

I will simply opt for one wallet and one address to store all my bitcoin because it will make my work easier instead of switching to various wallets I will have all my digital asset in a single wallet and then i have just tap and send that's it. Various option Like paper wallet cold storage seems burden for me simple web wallet Luke blockchain suits my needs better. It allows to access my wallet anytime any where and with the easy to use mobile wallet just asks for pin to get into the world of bitcoin transactions. And even i had plan to store 100 btc for longer then also I will opt of web wallet only because if its simplicity and easy to use feature and paper wallets cold storage creates hassles for me and I don't like those type if wallets. Blockchain suits my need Better and i like the wallet because it's official version and have no plan to scam with our money.

Topic: How would you store >100 Bitcoins? - page 5. (Read 42383 times)