This is how I distribute my holdings.
75% armory - it is arguably the safest. No doubt about that
5% electrum - the seed function is really cool and i can access my bitcoin anywhere but not security in mind
2% mycelium on my android - use it for tipping
18% bittrex - for trading purpose
Topic: Risk Management: Where are you saving your Bitcoins? (Read 3450 times)
90% Paper waller
5% Green address
5% Coinbase
Paper wallet for anything that is not kept on either my green address hot wallet or another coinbase wallet i have .
I would never keep anything over about 0.05 btc on a online wallet since loosing some in a hack.
Lost about 0.004 btc so cheap lesson really.
5% Green address
5% Coinbase
Paper wallet for anything that is not kept on either my green address hot wallet or another coinbase wallet i have .
I would never keep anything over about 0.05 btc on a online wallet since loosing some in a hack.
Lost about 0.004 btc so cheap lesson really.
90% of my bitcoins are stored in a paper wallet. I laminated it just in case something happened. I also have multiple copies of that because, well, I'm a paranoid xD
5% is on my blockchain.info wallet for faster tx and the remaining 5% is in my Mycellium android wallet for everyday spending.
5% is on my blockchain.info wallet for faster tx and the remaining 5% is in my Mycellium android wallet for everyday spending.
I split mine between a Verso card and a paper wallet. I leave just a little in my Mycelium wallet for everyday spending.
There isn't any particular security advantage with paper wallets if you initialize Trezor on a cold air gapped offline machine.
http://www.reddit.com/r/Bitcoin/comments/2k0zjt/guide_pythontrezor_on_cold_offline_raspberry_pi/
You may however choose to keep an every day Trezor on your keychain, and a "vault" Trezor locked up in a safe.
http://www.reddit.com/r/Bitcoin/comments/2k0zjt/guide_pythontrezor_on_cold_offline_raspberry_pi/
You may however choose to keep an every day Trezor on your keychain, and a "vault" Trezor locked up in a safe.
I use a Blockchain.info wallet for quick spending on the go but don't keep much there. The majority of my bitcoin balance is on paper wallets, and I have a Trezor on it's way to me which will be a great addition for securing coins. I also store some in an Electrum wallet too, but again, not as much as on the paper wallets.
I use:
- Multibit for faucet referrals earnings.
- Offline Electrum and paper wallet for long-term savings.
- Blockchain.info for trading earnings
- GreenAddress for payments received selling goods and services.
But I don't know the exact percentage
- Multibit for faucet referrals earnings.
- Offline Electrum and paper wallet for long-term savings.
- Blockchain.info for trading earnings
- GreenAddress for payments received selling goods and services.
But I don't know the exact percentage
50% paper wallet, 25% blockchain.info rest on the markets
All savings on paper.
Will be even better once my Mycelium Entropy arrives and I use split keys.
For everyday use Mycelium app for Android.
(One backup at home in case of lost / stolen / broken phone, one in bank storage box in case of home burning down.)
Will be even better once my Mycelium Entropy arrives and I use split keys.
For everyday use Mycelium app for Android.
(One backup at home in case of lost / stolen / broken phone, one in bank storage box in case of home burning down.)
Setup I have partially in place:
a) Paper wallet - 50%
b) Offline Electrum 20% & Trezor - 28%
c) MyCelium (Android phone) - 2%
Reason for above
a) Provides good security with the bulk being in a paper wallet,
b) Provides for a generous portion which is readily available in an offline wallet so still good security,
c) A sizable portion on a Trezor to be used for online purchases and the like, Tresor to be funded from Electrum wallet,
d) Some on the phone for the odd coffee etc...
So the bulk is well secured but with a sizable portion readily available should it be required so that I do not have to use the paper wallet in the long term.
a) Paper wallet - 50%
b) Offline Electrum 20% & Trezor - 28%
c) MyCelium (Android phone) - 2%
Reason for above
a) Provides good security with the bulk being in a paper wallet,
b) Provides for a generous portion which is readily available in an offline wallet so still good security,
c) A sizable portion on a Trezor to be used for online purchases and the like, Tresor to be funded from Electrum wallet,
d) Some on the phone for the odd coffee etc...
So the bulk is well secured but with a sizable portion readily available should it be required so that I do not have to use the paper wallet in the long term.
I'm thinking about the next aproach, what do you think? how are you doing? Thanks!!
- Hard wallets (30%)
1) Trezor : 15%
2) ... : 15%
- Paper wallets (25%)
1) Paper wallet 1 : 12,5%
2) Paper wallet 2 : 12.5%
-Online wallets (25%)
1) Armory : 15%
2) Electrum : 10%
- Exchange for trading (20%)
1) Cryptsy : 10%
2) Bittrex : 10%
- Hard wallets (30%)
1) Trezor : 15%
2) ... : 15%
- Paper wallets (25%)
1) Paper wallet 1 : 12,5%
2) Paper wallet 2 : 12.5%
-Online wallets (25%)
1) Armory : 15%
2) Electrum : 10%
- Exchange for trading (20%)
1) Cryptsy : 10%
2) Bittrex : 10%
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