Post
Topic
Board Bitcoin Discussion
Re: How do you store your bitcoins?
by
abel1337
on 23/01/2017, 17:16:18 UTC
i mostly have my BTC on paper wallets in a safe, but i do keep a small amount in breadwallet just for showing people and send small amounts.  I think for long term storage paper wallets or offline hardware wallets are the way to go, the difference being paper wallets are free, which i like Smiley

You don't think that's risky?
what if you have fire? (assuming your safe isnt fire proof)

I keep some on my phone, and most in coinbase.
One of the ways to avoid things like that, a fire, the paper gets lost or old is to have a copy in a different location than the one you have in your home, like in a security box or the house of a family member, that way you diversify your risks and the chance of losing both of your copies at the same time is very low.
I agree, better to have a back up copy of your paper wallet. Any disaster can happen and you paper wallet can be lost in your side and the bitcoin stored in that paper wallet will lose too. Better to have back up in all wallets you have.