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!
1. Yeah, hardware wallets like Trezor should work fine as a cold storage.
2. App for what?
If you are using hardware wallets, make sure you make proper backups in case your hardware wallet gets damaged, lost or stolen. For long term holding, just make sure you take proper security measures and once again don't forget to BACKUP your wallets!
Should I buy a laptop on it's own, and download nothing but electrum on it to store the BTC?
Would using a VPN be sensible when accessing the internet from said device?
For using a hot wallet? No, lol. You don't need to buy a laptop for just using wallets. You can use your current laptop as long as it is secured, free from any malwares and you "know what you are doing and what links you visit/click online". But, if you are being extremely paranoid, for your own good, maybe get a new laptop for just using crypto currencies. Don't remember when was the last time my computer got infect/hijacked. If you are using wallets like trezor, as far as I know, you wallets will still be safe even if you connect it to an infected computer (do your own research!).
VPN for what? Privacy? Sure.