Post
Topic
Board Bitcoin Discussion
Re: Hodling Bitcoin
by
imeycrypto
on 13/07/2023, 09:39:46 UTC
To effectively manage your Bitcoin funds, it is recommended to divide them into two separate parts. Here's an explanation of how this strategy works.
First wallet is designed for long-term storage and security of your Bitcoin. It is ideal for holding BTC that you don't plan to spend in the near future. Eg: Hardware Wallet
Second wallet is intended for frequent or daily use, allowing you to easily access and spend your Bitcoin. However, it is important to exercise caution with the amount of funds you keep in a wallet due to potential security risks.
By implementing this strategy, you prioritize the security of your Bitcoin holdings by storing the majority in First wallet while keeping a small amount accessible in the second wallet for immediate spending needs. Regularly refilling the second wallet from your first wallet ensures a sustainable balance and supports your long-term investment goals.