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
I'm looking for real responses and ideas. Please keep the trolling to a minimum
You can store it in multiple ways, probably on a paper wallet? But personally if I had much (I wish, too) I would surely invest on a crypto hardware wallet; either a Ledger Nano S or a Trezor. Why you say? A few reasons:
- great security
- has built in displays
- can hold multiple cryptocurrencies
- supports 2 factor authentication (trezor does, not sure about ledger nano s)
I might sound like advertising these products to you (I'm not), but they're just really very good investments in my opinion.
EDIT: I've heard Ledger Nano S is out of stock. Try looking for different sources.