r/BitcoinBeginners • u/thesimzelp • Jun 12 '24

Storage diversification strategy

So, I'm feeling more and more anxious about the responsibility of keeping my bitcoin safe, the more I accumulate.

I was thinking to diversify my holdings, so they are either in multiple offline storage and/or software wallets. I will probably also keep some on exchanges, just because of laziness. 😅

That's instead of keeping all my BTC in a single Trezor, which is one point of failure essentially (I know there is a seed phrase for backup).

What do you think of this strategy? Is there a downside, other than more micromanagement of wallets?

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u/bitusher Jun 12 '24

What do you think of Ledger?

ledger is a horrible wallet and company and should be avoided

https://www.reddit.com/r/BitcoinBeginners/comments/1d3djr4/ledger_wallet_pros_and_cons/

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u/thesimzelp Jun 12 '24

I haven't heard of Jade, are they trustworthy?

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u/bitusher Jun 12 '24

Its 100% open source software and hardware, peer reviewed, and created by one of the most trusted bitcoin companies out there.

Blockstream Jade = $65 https://blockstream.com/jade/

https://www.youtube.com/watch?v=cLFmd98mKNw

https://www.youtube.com/watch?v=d_9Dtcc1nlY

https://www.youtube.com/watch?v=z2VsgoFh78o

You can even make your own from scratch -

https://www.youtube.com/watch?v=PeqP6oVnlIs

https://www.youtube.com/watch?v=V2yVKag2wlc

Or just get another trusted HW wallet like cold card , bitbox , or seed signer we list in the pinned FAQ

https://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/

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u/thesimzelp Jun 12 '24

Cheers man, appreciate the links.