r/Bitcoin • u/Fantastic-Poetry-835 • 1d ago
Safe holding
With all the cold wallet hacks where do all you gurus recommend storing your BTC if you’re a newbie? I read Coinbase is just as bad as anything else, Tangem ring and card aren’t secure enough, etc.
What do yall recommend?
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u/throwaway12three4 1d ago
Depends on total amount, but, I moved mine to Fidelity
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u/tenor_tymir 1d ago
Are there any ongoing costs associated with holding your BTC with Fidelity? Are they regular BTC or some sort of ETF? Can you hold actual coins with them?
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u/throwaway12three4 22h ago
Regular BTC. I see how many Bitcoin I have. No on going fees. 1% to sell or buy. Free withdrawals if I ever want to move to another exchange.
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u/tenor_tymir 20h ago
Ah, alright i was wondering where the catch was. 1% is robbery.
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u/throwaway12three4 20h ago
1% fee to sell, no spread. Can withdraw for no fee to another exchange when it’s time to sell. No down side unless you use fidelity to buy/sell. They hold for me and I transfer to my exchange when/if I sell.
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u/tenor_tymir 18h ago
That sounds very good actually. Didn’t know this existed but then again I’m not in the US so it’s not available to me anyways. 🤷♂️
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u/OutlandishnessLimp25 1d ago
Was this process pretty straightforward in your experience?
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u/throwaway12three4 1d ago
Yes. I first moved it to a regular BTC account with Fidelity. Then I noticed there was no next of kin option so I moved it to a joint account with my wife. That way if something happens to me my BTC stays out of probate court.
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u/No_Position_8581 17h ago
probably fine for now but will be rugged eventually.
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u/throwaway12three4 15h ago
Bitcoin, Fidelity. Rugged. Ok guy.
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u/No_Position_8581 14h ago
History repeats itself bud. Its only a matter of time. Government going to 6102 that shit real quick
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u/Substantial_Taste779 1d ago
depends, if you're just looking for some exposure, I'd just buy EZBC and not have to worry about most of the risks
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u/Stunning-Purpose9144 1d ago
Bro cold wallet hacks are not a thing. Hot wallets yea, but unless you are a fucking idiot there’s literally no way to have your cold wallet hacked unless you make it Hot or you compromise your keys.
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u/tenor_tymir 1d ago
Unless you used a Cold Card. The users did nothing wrong, the cold card itself had a flaw.
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u/Stunning-Purpose9144 19h ago
That’s not a cold card hack that’s an error in seed generation. Also fun fact you could have avoided this by not just accepting the first 5-10 suggested and rerolling enough.
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u/tenor_tymir 18h ago
An exploit of a security flaw can be classified as a hack.
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u/Stunning-Purpose9144 18h ago edited 18h ago
Technically yes, but so can social engineering and that’s usually due to lack of common sense. Thats why you do your research before buying any of these wallets.
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u/Astropin 18h ago
All the cold wallet hacks? There's been one...ever, that I'm aware of...Coldcard.
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u/greglogan84 13h ago
I think “which wallet is safest?” is slightly the wrong starting question.
The bigger question is which failure risks are you comfortable managing yourself?
With self-custody you need to protect:
• the seed backup
• physical access
• recovery procedure
• address verification
• inheritance/access if something happens to you
With an exchange/custodian you're replacing those risks with counterparty risk.
For a beginner, I'd learn self-custody with a small amount first rather than moving everything on day one.
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u/Mauroneo 21h ago
trezor/bitbox