If you're storing large amounts of crypto, it might be best to store your crypto somewhere as tech-free as possible. Consider a paper wallet. Here's a quick guide on how to set one up.
Why Paper?
Hardware wallets can break, computers can crash, and phones can die.
A paper wallet is a piece of paper that has your private key written on it. This will keep your private key offline and away from hackers.
If you're looking to HODL, it's safer than using a wallet connected to the internet.
When storing your Bitcoins on a paper wallet you can only load funds to the wallet.
Setting up a paper wallet is easy; you can use a website or dedicated software.
The Setup
There are several websites you can use for this, but we'll keep it to one.
BitAddress is free, open source software for producing paper wallets. Head over to bitaddress.org.
You'll notice the software automatically starts generating a Bitcoin address. To customize your private key, simply move your mouse around.
Or, you can start typing characters in the text box provided.
Once it's done, click "paper wallet" at the top of your screen and then Print.
Your Bitcoin would stored on the QR code on the left. If you want, you can add a passphrase to encrypt the wallet for an extra layer of security.
Feel free to generate as many addresses as you want by entering the amount on "addresses to generate". All addresses will be completely different.
Wrapping Up
Cold storage is the best way to secure large amounts of crypto.
Invest in a dedicated device and separate email for all transactions. Consider a wallet for day-to-day crypto and one for long-term investing.
Try to isolate yourself. Avoid making transactions in public as often as possible.
And keep yourself educated about any potential threats or breaches.
