Did you heard the story of a burn building in London? Cause of the fire a guy lost 1000+ BTC which were in his paper wallet. So I would not call a paper wallet as 100% protected after such case. Yes, the possibility that it will happen to you is a little, but...
If you put it that way, then no form of cold storage would help in such situation, unless you have the paper wallets or engraved metals with your keys stored in
a safe that can withstand insane temperatures. I am quite up to date with the latest Bitcoin related news, but I haven't heard anything about someone losing 1000 BTC due to the fire in London -- mind sharing an article link?
I think a basement with a blastproof and fireproof vault will do? Haha. Well its really hard to keep a 1000 BTC and sadly he is so unlucky to have a fire in a house. Im hoping that the story is just a myth or else that BTC will be long gone. We should use graphene instead in engraving Bitcoins in plain surface but for the meantime Im using electrum because even big investors is just using electrum. I wonder what august 1 can do to our btc but Im hoping for the best.
Hardware wallet for the win! I am loving the Nano S. Easy use, easy backup and just a well designed system.
Im thinking of buying hardware wallet too but I cant decide which one? Im thinking nano or trezor? Which one is better?