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discuss Hard Wallet vs Soft Wallet

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dande

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I have decided to embrace cryptocurrency full time in all my domain sales. I demand for buyers to pay through Bitcoin or any other major Crypto as the first choice of payment. and demand my payouts in Bitcoins.

But the huge problem I'm facing is deciding the best way to store my spoil. :)

1. I purchased new machine (High end Samsung Note 9), installed Norton Antivirus from beginning before downloading the Crypto (Mycelium) wallet App. I make sure the recovery is highly secured in my Google account. Plus other security features I can think of.

My fear: What if something goes wrong with the wallet provider? Or hackers still find their way into my machine?

2. I am thinking of purchasing a hardware from Amazon. Receive my payments through soft wallets, and transfer to the local environment.

My fear: What if the hardware get misplaced or stolen? I have read this happen to a guy in the UK who lost over 34 million pounds.
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These are serious concerns to me because I plan holding as much as 500BTC in the wallets, and I am serious about it.

What's your experience holding bitcoin? Which of these wallet can you recommend? Any security measure?
 
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Use linux my friend. Stay away from other operating system especially if you will deal with crypto. I can give you expert advises. I too accept crypto for my domains and websites and never worry about security. Install debian in your PC. It's not enough. Install another fully secured offline linux OS as virtual box under the first secured linux OS. Then put the wallet there. 500 BTC is a huge amount. I follow that security phases for less than 0.5 BTC. The answer you are looking for is too long to explain here. You must first learn linux system, especially debian OS. Or someone should teach you.
 
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"Which of these wallet can you recommend? "

Stay away from online wallets. It seems you already know this.
Then use one of these : https://bitcoin.org/en/wallets/desktop/linux/

Use electrum as you are pretty newbie. It's very good wallet.
 
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Use linux my friend. Stay away from other operating system especially if you will deal with crypto. I can give you expert advises. I too accept crypto for my domains and websites and never worry about security. Install debian in your PC. It's not enough. Install another fully secured offline linux OS as virtual box under the first secured linux OS. Then put the wallet there. 500 BTC is a huge amount. I follow that security phases for less than 0.5 BTC. The answer you are looking for is too long to explain here. You must first learn linux system, especially debian OS. Or someone should teach you.
I really don't use desktop for anything related to crypto. I run my wallets through Android Apps as I believe Android is as secured as Linux, provided the machine is very clean and secure. What do you have to say about that?

I think I can handle Linux and Debian OS, seems I have tried it before. But since I don't run my Crypto through desktop, do you think it's necessary?
 
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Use electrum as you are pretty newbie. It's very good wallet.
I am currently using Mycelium which is also listed among the recommended wallets. I am generally afraid of storing bitcoin in a local environment because of the possibility of getting stolen or misplacing the hard drive.
 
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I have decided to embrace cryptocurrency full time in all my domain sales. I demand for buyers to pay through Bitcoin or any other major Crypto as the first choice of payment. and demand my payouts in Bitcoins.

But the huge problem I'm facing is deciding the best way to store my spoil. :)

1. I purchased new machine (High end Samsung Note 9), installed Norton Antivirus from beginning before downloading the Crypto (Mycelium) wallet App. I make sure the recovery is highly secured in my Google account. Plus other security features I can think of.

My fear: What if something goes wrong with the wallet provider? Or hackers still find their way into my machine?

2. I am thinking of purchasing a hardware from Amazon. Receive my payments through soft wallets, and transfer to the local environment.

My fear: What if the hardware get misplaced or stolen? I have read this happen to a guy in the UK who lost over 34 million pounds.
-----------------------------------------------------------------------------------
These are serious concerns to me because I plan holding as much as 500BTC in the wallets, and I am serious about it.

What's your experience holding bitcoin? Which of these wallet can you recommend? Any security measure?
Go for Ledger hard wallet
 
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