Post
Topic
Board Bitcoin Discussion
Re: How would you store >100 Bitcoins?
by
mrkevio
on 14/02/2017, 05:53:23 UTC
I will store my coins in many places like paper wallet and cold wallet etc. Paper wallet will always with me, for cases like fleeing the country.  Tongue

Lol Grin maybe I would just store a third of them on a web wallet another third on a desktop wallet and lastly a hardware wallet.
By doing it this way I know I can't lose all my bitcoins

Why store a third of them on a web wallet? Desktop and hardware wallets are way safer. First of all, web wallet websites are owned by somebody or a corporation. That means there is a possibility of them scamming at any time. Even Blockchain.info can close at any time and have all the money that is found in every wallet there. While this can be happening with web wallets, desktop and hardware ones, unless hacked, cannot be vulnerable to such things. There is also the option of having a paper wallet which is the safest in my opinion: your money is stored on a small piece of paper that's printed offline for security against hackers or keyloggers, and nothing can happen to them.