Post
Topic
Board Wallet software
Re: Thinking of separating my holdings into two physical locations.
by
bettercrypto
on 01/02/2023, 07:28:53 UTC
I wasn't quite sure how to summarize it in the title just as I'm not quite sure if this is the exact place where the thread should go. Let me explain and you tell me.

So far I have been managing my Bitcoin holdings using a HW in a location and in the same location I have had the seeds well hidden and written down on a piece of paper.

As I accumulate, I have been thinking of buying another HW and storing it in a vacation home, just like the seeds, in the same way, written down and hidden. It would be about handling half of my holdings at each site.

What do you think? I don't think it would make sense, for example to have copies of the seeds of both HW's at both sites because in a $5 wrench attack I could lose everything.

One drawback I see is that if the house burns down I would lose everything I manage with one HW, but well, that risk I also had now, having 100% of the management of my holdings in one site.



 Do you mean that what is the Seed phrase that you use in your HW is the same one you will use in the new HW that you will buy? That's why I asked this because if they use the same seed it seems that the only thing that will happen is 2 in 1. This is if my understanding is correct.

    But I know that you have often read that most people say that you should not put all the eggs you have in one basket, maybe it is better to divide them to be safer.