Post
Topic
Board Bitcoin Discussion
Re: Keep your btc in one or more wallets?
by
Baofeng
on 15/02/2025, 09:07:20 UTC
Hello,

If you want to hodl, what's the best strategy for doing so? A single wallet or several? What are the advantages and disadvantages of both options? Maybe it's stressful to use a wallet with lots of satoshis? (whereas several with fewer satoshis is less stressful, isn't it?)

I don't know, but I just keep just one wallet to not over complicate things, the most important thing is how you will protect your wallet itself. And why need several wallets though? That is the question, because if you are going to be a long term holder, then you don't need to have multiple wallets across.

Maybe a second wallet is needed for your trading, but other than that, just one wallet so that you can track everything and it's going to be very easy for you. And it could have been a proven strategy already by those who have been a long term holder here.