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How to Safely and Long-Term Store BTC/Crypto - and What Should I Be Worried About?

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by COINS NEWS 12 Views

Hi everyone. As we all know, the best and safest way to store BTC is on a hardware wallet. Not your keys, not your coins. I've personally been using a Trezor for years, and over time, the amount stored there has grown significantly. At this point, if I were to lose it due to a mistake or oversight on my part, it would be very hard to deal with emotionally and financially.

That’s why I’m turning to you, the more experienced community, for your tips and best practices:

  1. Seed phrase: How do you store it? How many copies do you keep? What if my house burns down and I lose the seed? What are the best alternatives for seed phrase storage that protect against fire, theft, or accidental loss?

  2. Trezor Suite: What should I watch out for? Are there any red flags or things to be cautious about when connecting to the Trezor Suite app? What are the common scams or phishing methods to be aware of?

  3. Quantum computers or wallet hacks: real threat or paranoia? From time to time, I read stories from people who claim they lost all their funds despite "doing everything right." Is it always a user mistake they’re just unaware of? Or are there real risks beyond user error we should be aware of?

  4. Keeping some crypto on a centralized exchange? I’ve been in crypto for several years now and I lived through the FTX collapse, but sometimes I wonder if keeping a portion of my portfolio on a centralized exchange isn’t the worst idea. In my case, I use Kraken.

I was uncomfortable using a third-party like Everstake when staking ETH through Trezor, so I decided to stake all of it directly on Kraken. Ironically, I actually feel more at ease doing it this way.

I’d really appreciate your thoughts, insights, and personal routines on how to sleep better at night knowing your crypto is properly secured.

Some might say: “It's simple – buy crypto, buy a hardware wallet, set it up, and hodl.” Well, I’ve been doing exactly that for years — but there are still some nagging questions in the background.

Thanks for your time and responses!

submitted by /u/Elrondarius
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