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.
The idea is to store your bitcoin and to be secure not to have lots of laptop, so you have to plan this very carefully,
- First decide what wallet are you going to use
- Second now you have decided for a wallet how are you going to secure the wallet
- Third What are the different ways to backup the wallet to make sure you will have a backup in-case something bad , and i mean really bad happens
- Fourth look for this features on the wallet that you have selected if they all have the features you are needed
There are lots of hardware wallets now and they all have features it will only depends now on your decision good luck