This question might seem like one that a beginner would ask. In fact, someone recently posed a similar question to me, and I’ve been thinking about it ever since.
A friend of my younger sibling wants to invest in Bitcoin, and he asked me about the best wallet option. I advised him to consider an open-source hardware wallet, since that's what I use as well.
He then asked if he could store 1 BTC in the wallet, to which I responded, "Why not?" His next question caught me off guard: "What about the saying, 'Don't put all your eggs in one basket'?"
I took a moment to think, but deep down I felt confident in my hardware wallet's security compared to hot wallets. However, he argued that it's best to split the Bitcoin into two parts and store them in two different hardware wallets.
What are your thoughts on this? Personally, I keep all my BTC in a single hardware wallet. I’d like to know, from the Bitcointalk community: do you think the saying "don’t put all your eggs in one basket" also applies to those using a single hardware wallet?
I think sticking with one solid hardware wallet feels pretty safe for my BTC but sometimes I wonder if splitting it between two might save me if one gets lost or hacked. You know that old saying about not keeping all your eggs in one basket? It makes sense though juggling a couple of wallets can get tricky. I figure if I've got good backups and trust my setup, one's enough. Just gotta keep my recovery words super safe so I don't lock myself out!