Which wallet is safe for keeping large amount of btc?

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Quote from: mk4 on March 14, 2022, 09:56:20 PM

tl;dr if you have less than $500, go use Electrum[1] or BlueWallet[2]. on the other hand, if you have more than $500, grab a reputable hardware wallet from either Ledger[3] or Trezor[4].

[1] https://electrum.org/
[2] https://bluewallet.io/
[3] https://ledger.com/
[4] https://trezor.io/

This list is the best recommendable wallets to go after. Because a wallet is been selected base on different factors, that is, e.g usage, security and ability to convert crypto to fiat. So these listed wallets are good

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After you choose a wallet to use, you should have some wallets to store your Bitcoin.

Don't store all your Bitcoin in one wallet.

One of criteria to choose a wallet to use, does it support Segwit, Taproot?

Storing and using are different. You can choose one wallet to store large amount of BTC, and choose another wallet for payment process which will be used to store small amount of your BTC

[LIST] Wallets supporting Taproot

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Quote from: cryptotalklab1 on June 18, 2022, 12:22:59 PM

Many have already told . Even then I would also suggest for Electrum cold wallet so that you can secure your btc. It is known as one of the great wallet for holding btc . So Electrum hot wallet will be perfect for you

Electrum hot wallet or any other wallet of this type is not recommended for storing large amounts of Bitcoin, so your post contradicts yourself - cold wallet can be made with Electrum, which means that on one device that is always offline you have Electrum cold wallet, and on another device that is online you have a watch-only wallet that will be used for broadcast transactions that you will sign on an offline computer.

https://electrum.readthedocs.io/en/latest/coldstorage.html

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Quote from: Usmankk202 on March 14, 2022, 02:25:13 PM

Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?

Many have already told . Even then I would also suggest for Electrum cold wallet so that you can secure your btc. It is known as one of the great wallet for holding btc . So Electrum hot wallet will be perfect for you

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Quote from: hosseinimr93 on March 14, 2022, 06:46:29 PM

In the case of using a wallet like electrum, you should run that on an air-gapped computer (a device which has been always offline and will be never online) and your private keys (or the seed phrase) should never touch the internet.

I believe this is one of the recommended ways to get good security if we want to store large amounts of bitcoin. Electrum allows users to create wallet without an internet connection, and it is a great security option for users.

Apart from that, there is an additional suggestion which is also a good option if they have a large number of bitcoin and it's like not hold all the bitcoin in one wallet ^{[meaning they have to create multiple wallets].} It will also help users to have extra security in case of losing access to the wallet or other things like hacking.

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Quote from: Usmankk202 on March 14, 2022, 02:25:13 PM

Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?

Hardware wallet is always the best choice to keep large amount of btc. It is more secure because it needs a confirmation on the device before making a transaction. It's backup keys are also unique and not stored online making it more difficult for someone to hack it. Software wallets are not safe when your device is compromised. Hackers can easily access your wallet and stole all your assets anytime without your notice.

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Quote from: Usmankk202 on March 14, 2022, 02:25:13 PM

Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?

Whether it is a large amount or a small amount, it does not matter. But if you have stored coins, you can turn to help of a hardware wallet. These are secure wallets which help you keep your coins in secure form. It allows you to carry your coins around without worrying about them getting stolen by hackers, or your password gets compromised etc. But you should keep in mind that the biggest risk for losing coins comes from the user himself. So, you need to have a good password on your hardware wallet and keep your backup seed in a safe location. These are the two most common mistakes made by hardware wallet users.

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I would choose hardware wallet like trezor or ledger if it is storing serious amount of Bitcoin but if it's not very big amount then i'd recommend using Electrum. Just make sure that the seed phrase or the 12 word recovery phrase are safely backed up either by handwriting or not. The wallet I am going to use is Electrum for receiving and sending small amount of Bitcoin or you can use bluewallet if you are not satisfied with Electrum. I have my wallet generated in Electrum a few years back and am still using it.

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Quote from: Prosector on June 17, 2022, 01:07:43 AM

Cold wallets, also known as hardware wallets, are generally a better option for saving crypto. They can’t be hacked and are like lockers.

It is wrong to call any wallet a "cold wallet" if that wallet connects to the internet at some point as is the case with the hardware wallets most used. Such devices have so far shown that they are relatively secure and are a much better choice than desktop, mobile or online wallets, but they also have some problems in the form of data leakage of their users, or vulnerabilities that can be exploited in a specific situation.

Vulnerabilities that have been found in the past and those that are likely to be found in the future are something that tells us that we should always be on the lookout for whatever crypto wallet we use.

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Cold wallets, also known as hardware wallets, are generally a better option for saving crypto. They can’t be hacked and are like lockers.

qwertyup23

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Quote from: Usmankk202 on March 14, 2022, 02:25:13 PM

Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?

Definitely a hardware wallet since the device itself can be kept inside a deposit box or in a lock where only you can have access to its funds using your private keys.

To be honest, I am somehow guilty of this because I mostly kept my BTCs inside our local exchange and external wallet. While this may be relatively secured, there is always that possibility where these exchanges may be the subject of hacks and scams, like what happened to Mt. Gox way back. In addition, several exchanges (including Binance) had experienced some hacking which resulted to loss of BTCs into the wallet of some.

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Quote from: Markinzo on March 21, 2022, 10:29:07 AM

However, paper wallet could be recommended when looking for secure wallet, due to its offline character, but I won't advise newbie's in using it due to its complexity.

One can also use a HD wallet, generate a seed and use it basically like a paper wallet. Still, one has to do that on a completely safe environment and indeed, newbies may do mistakes with this (too).
On the other hand, one can easily generate a new seed with his hardware wallet and use that seed as a paper wallet. If the seed remains offline, backed up by hand writing, that's good.
But: does OP want to "bury his gold" onto a paper wallet or want to keep it at hand with a hardware wallet?

However, since the topic is about big amount of BTC, I think that hardware wallet is a must in the equation, no matter what he's doing afterwards (just never forget to store the backups safely)

Markinzo

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Am not sure there's any wallet with a maximum safety as you're expecting. Irrespective of the long history of such wallet, it must have had security issues at some point. For me, you just have your own role to play in the security of your coin, making sure your private keys are out of sight even to your manest man.

However, paper wallet could be recommended when looking for secure wallet, due to its offline character, but I won't advise newbie's in using it due to its complexity.

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Quote from: Usmankk202 on March 14, 2022, 02:25:13 PM

Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?

First of all, I would like to tell you that you have heard and understood before. Then decide what to do in the cold head. Because a lot of money means it needs to be protected. When it comes to hardware wallets, make sure you keep your personal keys very secure, think hard about how to prevent someone from importing your hardware and stealing all your keys.

Quote from: Siyamsk on March 16, 2022, 01:02:52 AM

Coldcards are secure, but Coldcards use a variety of tactics to use their intelligence.
Hardware Wallet This is definitely a secure wallet. Those who keep Bitcoin safe here don't have to worry. And the problems that are at risk are the ones that they take seriously. They are only safe if they are fully informed about the process. I agree with your words. Hardware wallets they easily secure. But the cold card is a bit of a hassle because they keep it safe through tactics.

There are two types of cold card and hardware wallet. Coldcards are protected by their own intelligence and art techniques. The way the hardware wallet is protected is by the bat.

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Others gave you some good wallets to choose. In crypto, you must practice decentralization for your capital. It is not only applied for investment but also for how you store your coin in wallets.

If you have Bitcoin, let's store your Bitcoin into different wallets. Don't store your coins in multiple addresses in one wallet because it does not make sense to protect your capital at all. If that wallet is compromised, all coins in all addresses inside will be stolen.

If you have your coins in multiple wallets, when one is compromised, others can still be safe.

Better, let's use multi-signature wallet that means to steal your coins, hackers will have to hack enough co-sign wallets. That sounds very impossible if you secure your wallets well enough.

YellowSwap

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By now you should have gotten the right answer OP but I will like to warn you that either mobile, PC or hardware wallet make sure you keep your private key very safe, hardware wallet won't stop someone from importing your keys and stealing all your coins.

Siyamsk

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Quote from: Usmankk202 on March 14, 2022, 02:25:13 PM

Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?

If you have a lot of bitcoins, you will find a safe way to keep your bitcoins safe. Enough to store any open source bitcoin wallet offline, unless it is securely stored. Open source bitcoin wallet is very safe for offline.

Quote from: Welsh on March 15, 2022, 01:27:10 PM

Something like a ColdCard, could do the trick. Although, pretty much any open source Bitcoin wallet is good enough for storing offline, as long as its stored securely. Obviously, hardware wallets allow users who might not understand the security risks, secure their Bitcoin to at least acceptable levels, right off the bat. ColdCard is a little more complex, and could potentially introduce errors if someone isn't entirely familiar with the process.

Coldcards are secure, but Coldcards use a variety of tactics to use their intelligence.
Hardware Wallet This is definitely a secure wallet. Those who keep Bitcoin safe here don't have to worry. And the problems that are at risk are the ones that they take seriously. They are only safe if they are fully informed about the process. I agree with your words. Hardware wallets they easily secure. But the cold card is a bit of a hassle because they keep it safe through tactics.

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Quote from: DevFile90 on March 15, 2022, 01:08:06 PM

You can't go wrong with electrum wallet, mycelium, ledger nano x, open-source and full transparency, so make sure you keep your private key or recovery seed safe.

There's no problem if it's also a Ledger nano s.

Nano x is like the most recent version of the hardware wallet of Ledger but they're also selling an "S" version and it is what I've got. I guess others that have purchased long time ago got the s version and don't have any problems using it.

The price of two is quite far from each other and s is the cheaper version but you may want to have the features x has.

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Quote from: mk4 on March 14, 2022, 09:56:20 PM

tl;dr if you have less than $500, go use Electrum[1] or BlueWallet[2]. on the other hand, if you have more than $500, grab a reputable hardware wallet from either Ledger[3] or Trezor[4].

[1] https://electrum.org/
[2] https://bluewallet.io/
[3] https://ledger.com/
[4] https://trezor.io/

Then, if you've got a serious amount of Bitcoin, seeking a air gapped, completely offline solution would be beneficial. Something like a ColdCard, could do the trick. Although, pretty much any open source Bitcoin wallet is good enough for storing offline, as long as its stored securely. Obviously, hardware wallets allow users who might not understand the security risks, secure their Bitcoin to at least acceptable levels, right off the bat. ColdCard is a little more complex, and could potentially introduce errors if someone isn't entirely familiar with the process.

DevFile90

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You can't go wrong with electrum wallet, mycelium, ledger nano x, open-source and full transparency, so make sure you keep your private key or recovery seed safe.

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