Re: How would you store >100 Bitcoins?

Re: How would you store >100 Bitcoins?

Of course you need to store it in your cold wallet, or big exchanges, but it is more dangerous than your local wallet. Website can run away, like mtgox, mintal, cryptsy.

Big Exchanges – No
Cold Wallet – Sort of.

You can’t have one cold wallet, well you shouldn’t. At least create multiple backups in safe locations as well but not an amount that increases a risk factor of it being an object of theft. In order to store these amounts safely, paper wallets should be made but with small amounts compared to the large lump sum being stored. This allows for something like rededuncy, similiar to something out of a RAID(just not that inexpensive) array.

(Why?)

Published at Fri, 24 Mar 2017 20:06:08 +0000

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