Post
Topic
Board Bitcoin Discussion
Re: How to safely store big amounts of BTC?
by
pinggoki
on 16/07/2019, 09:29:32 UTC
Hello,

Suppose I would expand my BTC portfolio to 10 or 15 BTC.....how would you store such a big amount of coins?

Ofcourse I would use a hardware wallet, but if I store them all on 1 wallet and I lose the wallet, or the house gets on fire and it burns, then I have lost those coins forever? Or are there still ways to get to the coins somehow in that case?

Would you advise to store let's say 15 BTC on 3 different hardware wallets (5BTC each), or would you spread it out even more? Ofcourse I'm not gonna buy more than max. 3 hardware wallets but in that case maybe 15 different laptop wallets (Electrum, Jaxx, Exodus etc.) with 1BTC each on it is safer?

I'm looking for the safest way to store a big amount of BTC and to minimize the risks of losing a big amount.
I think two should be enough because the more wallet you use it could tend to confusion, especially on code or passphrase. By the way, I like the idea of putting your coins in a different wallet in order to lessen the risk of wiping all of it in case. And much better if you will use a hardware wallet Trezor or ledger.