Suppose I hold lot of bitcoins in exchanges and in some wallet. To prevent the loss of bitcoins, how should one manage them?
Generate multiple new addresses. Distribute the bitcoins among these addresses. Copy the private keys of these addresses to paper wallet.
Is this the way to do it?
What are other better ways to manage large number of bitcoins?
Dont keep your bitcoins in exchangers because they can anytime stole your bitcoins and disappear.
To prevent being hacked it is safer to keep your bitcoins in multiple wallets and adresses. If the hacker hacks one key he stole only 1% of your bitcoins. A paper wallet or just an offline wallet is the best method because that are the hardest to hack.
if you have too much amount of alts and btc, it will be better to buy trezor. You can access it online or offline,just always keep it safe and protect your keys.