Post
Topic
Board Bitcoin Discussion
Re: How would you store >100 Bitcoins?
by
CyberKuro
on 09/02/2017, 23:51:54 UTC
Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.

I'm looking for real responses and ideas. Please keep the trolling to a minimum Tongue
The safest way I thought is offline wallet such as hardware wallet or paper wallet. Divide 100btc into several amounts such as 10-20btc in every wallet, but still I will store a part (maybe 10btc) in online wallet for daily transactions. As long as the owner of the wallet always cautious and be careful, the funds will be fine and secure.