Topic: What percentage of your BTC should be kept in cold storage? - page 2. (Read 2498 times)
Put any bitcoin you can't afford to lose on cold storage. This is my advice.
Cold storage = paper wallet, offline computer, secure hardware wallet, etc.
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
Its very easy to use an offline wallet, and complete transactions quickly while its stored securely offline. This can be done in under 10 minutes in most cases, alot faster if you have practice. I would store every coin you have offline unless you need access to some immediately. Always use 2 Factor authentication when possible if you store your coins on online wallets.
I would research the Armory wallet: https://bitcointalksearch.org/topic/welcome-armory-users-139601
Also if you can just download the vanity address generator and create private/public key pairs offline. Create backups of the keys on paper and/or encrypt them with a PGP key and save off the files on secure storage. Format the machine, and install another operating system before it is allowed to connect to the internet to ensure your keys were not saved and will not be broadcast to the internet. Alternatively if your storing serious coin, just buy a new hard drive and destroy the old one after formatting a few times.
Depends. If you are in aggressive instance, you can keep all in hot wallets for trade or to take quick advantage of price flutuactions and others oportunities.
If your main investment is not bitcoin, or if you are not a risk-prone investidor, you better 100% cold.
Anything between, part cold, part hot.
If your main investment is not bitcoin, or if you are not a risk-prone investidor, you better 100% cold.
Anything between, part cold, part hot.
I would say most so like 70% and the remaining 30% is on-hand for use of whatever you want.
Well depends on the ammount you have. If you have 1 BTC or less you don't give a fuck about cold storage. If you have 20 BTC, than keep what you need for your purchases off cold wallet and put others in cold wallet.
This.
Don't keep more than a couple hundred bucks worth of btc in a web wallet.
There's no percentage just have what you are not going to be using in the immediate future put in a cold wallet.
Cold storage should be 98% of your coins, im using site from sig to store mine offline on beautiful paper wallet 
If you are not actively trading bitcoin, you should store 100% of it in cold storage.
Thats a good idea but at some point you'll maybe want to purchase something from a website with Bitcoin or off another useer. so I think that should be the only time you put a certain amount in a hot wallet.
Basically, what you can afford to lose. That's the definition of a hot wallet. But I often don't follow that rule myself. :/
If you are not actively trading bitcoin, you should store 100% of it in cold storage.
Thats a good idea but at some point you'll maybe want to purchase something from a website with Bitcoin or off another useer. so I think that should be the only time you put a certain amount in a hot wallet.
If you are not actively trading bitcoin, you should store 100% of it in cold storage.
I think you should only have something in your hot wallet if you are going to be spending it in any time soon.
I feel like it shouldn't be a percentage. Unless you're a trader, it should be mostly ALL with the exception of some BTC used for buying things (under 10BTC for sure)
Store 100% of the bitcoins that you aren't going to spend soon in "cold storage".
The ONLY bitcoins that you should have in a hot wallet are the ones you plan to spend in the near future.
Simple.
The ONLY bitcoins that you should have in a hot wallet are the ones you plan to spend in the near future.
Simple.
This is pretty much it.
Cold storage = paper wallet, offline computer, secure hardware wallet, etc.
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
What percentage of your paycheck do you keep in your wallet, in a checking account, in a savings account, in other investments? If you have multiple accounts and distribute your money between them, follow that same pattern with your BTC. It's a lot easier eating a small transaction fee for moving the money around than it is eating a loss of your coin because your hot wallet was compromised. What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
Cold storage = paper wallet, offline computer, secure hardware wallet, etc.
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
IMO, it depends on how much and how often you spend your bitcoin.
If you are not going to spend your bitcoin, you can put 100% of all bitcoin in a cold storage, but if you going to spend 1 btc a week, you could keep 2 btc in your personal hot wallet (with a good password of course) and replenish it every 2 weeks.
Store 100% of the bitcoins that you aren't going to spend soon in "cold storage".
The ONLY bitcoins that you should have in a hot wallet are the ones you plan to spend in the near future.
Simple.
The ONLY bitcoins that you should have in a hot wallet are the ones you plan to spend in the near future.
Simple.
Well depends on the ammount you have. If you have 1 BTC or less you don't give a fuck about cold storage. If you have 20 BTC, than keep what you need for your purchases off cold wallet and put others in cold wallet.
You could use different wallets on different computers and so on for extra security ( not keeping all eggs in one basket ).
Keep as much as you usually spend, that's probably the only advice someone can give you. It's up to everyone to do so.
Keep as much as you usually spend, that's probably the only advice someone can give you. It's up to everyone to do so.
hypothesized capital: 100 BTC
If you want to stay in a safe condition, you have to put 90% of this capital in a cold storage, and the other 10% in your wallet that must be protect in every way.
If you want to stay in a safe condition, you have to put 90% of this capital in a cold storage, and the other 10% in your wallet that must be protect in every way.
Cold storage = paper wallet, offline computer, secure hardware wallet, etc.
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
What do you think is the ideal percentage of BTC that should be kept in a cold wallet? Is there a trade-off between usability vs. security? If someone intends to hodl their bitcoins long term then perhaps 90 percent in cold storage sounds good. If someone is using their bitcoins to buy things, gamble, day trade, and invest in altcoins, then I would imagine 90 percent would be a pretty unrealistic figure.
What do you think?
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