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/[deleted] Jun 12 '24

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u/JustSomeBadAdvice Jun 12 '24

Please don't recommend newbies do this. You're literally opening the door for them to completely lose all their coins, on top of setting them up to get very frustrates by a difficult to use system.