As for me hardware wallet is good because it can store large amount of Bitcoin or coins and are also secured.
Here are some good topic about security and privacy by Ratimov you can check it out.
Good topics on security and privacy
https://bitcointalksearch.org/topic/security-and-privacy-encylopedia-5239098
Topic: Which wallet is safe for keeping large amount of btc? - page 2. (Read 385 times)
Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?
Both hardware and software wallets are only keeping keys for your coins, so more important thing would be to secure seed phrase backup or private key.Software wallets are hot and connected to internet so they shouldn't be used for storing larger amounts of funds, for that purpose you can use cold storage.
Easy way for achieving this is with hardware wallets (open source is better option), or you can use separate air-gapped computer as offline storage.
Hardware wallet or not it doesn't matter, go with a fully open source wallet since thats the only way to be sure that your wallet is transparent, you need to keep your private keys in a safe location even if you using hardware wallet and that's why I said it doesn't matter which one you go with.
You've got it wrong. If one's computer gets infected, no matter how clean and open source a wallet is, the funds will be stolen. And a hardware wallet can prevent that.
Also on hardware wallets you don't get private key to store, you get a HD seed (so you don't know what you're talking about and should not give advises before you learn more).
And the seed backup has to be kept offline in multiple (geographically distinct) safe places.
Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?
A hardware wallet will be a good place to keep a large amount of BTC because only you will determine when you want to use the wallet and only you will know where the wallet is hidden.Right now, the hardware wallet price is not too expensive so you can buy one or two and send your BTC to two wallets and keep the passphrase safety in a place that only you will know.
Or you can use a HardDisk with installed Electrum and unplug any internet connection and do not connect it with another device that you do not know so you can make sure that your computer with the HardDisk is really safe.
Hardware wallet or not it doesn't matter, go with a fully open source wallet since thats the only way to be sure that your wallet is transparent, you need to keep your private keys in a safe location even if you using hardware wallet and that's why I said it doesn't matter which one you go with.
Open source wallet doesn't enough, it doesn't mean the code has been audited 100% and safe. You need to have a deep knowledge about program code in order to understand it, it will better to follow above expert opinions since they've experience and knowing the source of some non custodial wallet.I have no idea why someone is really careless to protect their private keys, private keys isn't like your username that anyone know there's no problem, it's your password and you need to protect it as good as you can.
Hardware wallet or not it doesn't matter, go with a fully open source wallet since thats the only way to be sure that your wallet is transparent, you need to keep your private keys in a safe location even if you using hardware wallet and that's why I said it doesn't matter which one you go with.
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/
[1] https://electrum.org/
[2] https://bluewallet.io/
[3] https://ledger.com/
[4] https://trezor.io/
My always bet is a hardware wallet, nothing else. You can use electrum, already posted above, but you need to secure your device as well unlike hardware wallets that you can use them on unsecured environment, but ofc, you don't need to that just to test.
Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?
No doubt it's a hardware wallet. You can find it here, [BIG LIST] Hardware wallets (80+).Do you know why? Because it leaves no footprints even in your device used, or even your computer infected with malware.
For a second choice which is free, that has been suggested above, Electrum is good as an alternative to hardware wallets. All of these are good for storing Bitcoin for a long period of time or as cold storage.
Always remember the golden rule upon storing Bitcoin "Not your keys, Not your coin".
You can use electrum. It's an open-source wallet. Of course, it's not that your fund is 100% safe if you use electrum.
If you want to keep a big amount of bitcoin completely secure, you should generate the private keys (or the seed phrase) using a secure tool and keep them always offline.
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.
If you want to keep a big amount of bitcoin completely secure, you should generate the private keys (or the seed phrase) using a secure tool and keep them always offline.
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.
Is any hardware or software wallet which is safe to keep large amount of BTC safe and secure?
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