Post
Topic
Board Bitcoin Discussion
Re: How to effectively store large number of Bitcoins?
by
eternalgloom
on 19/10/2017, 16:50:08 UTC
Hardware wallets, hardware wallets, hardware wallets. If I say it three times will people finally start getting the clue? They are so useful and great for long term storage. If you dont trust the tech, just generate a seed on them and write the seed down and use that as a paper wallet and store it. With bitcoin at 5500 now, losing that much because you dont want to buy a $70 investment is unforgivable. There was a dude who just lost 95 coins. Half a million dollars which could have been avoided.
So what's better about a hardware wallet than a paper wallet that has been generated in a safe way?
I've been using paper wallets for large amounts and I personally don't see the need to invest in a hardware wallet.

I generate my paper wallets on a laptop that has never been connected to the internet and never will be connected.