Hi guys,
I've been trying to learn about how to cold store securely my small bitcoin holding, and where I can move to as I buy more. I expect to be picking up more and more over the coming weeks and months.
1) Is something like a Nano Ledger or a Trezor the right method?
2) What app should be used?
Is there another more definitive, secure method of accumulating BTC for long term holding?
Thanks!
I'm more orthodox and old school. I cannot trust hardware for 10+ years without checking it regularly.
For my cold wallet, I bought an engraving machine from eBay and engraved the private key on four metal placed then placed in different places.
This is a cool idea, because we don't know what happens to us tommorow. Whenever we secure Bitcoin or any valuable assets in the digital form it is a must to remember the password/private key. More than the security, this need to be given priority. If you have someone who can be trusted, share it with him. It can help you someday. I state this based on the incident that happened with
Stephen Thomas few days back.