How can I securely store 1.2 million ETH?

3 answers

• Dec 28, 2021 · 3 years ago
  One of the best options for securely storing such a large amount of ETH is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, providing an extra layer of security. Some popular hardware wallets for storing ETH include Ledger Nano S and Trezor. Make sure to purchase the hardware wallet from the official website to avoid any potential scams. Once you have the hardware wallet, follow the instructions provided to set it up and transfer your ETH to the wallet. Remember to keep your recovery phrase in a safe place, as it will be needed to restore access to your funds in case the hardware wallet is lost or damaged.
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• Dec 28, 2021 · 3 years ago
  Another option for secure storage is to use a cold storage solution. Cold storage refers to keeping your private keys offline, away from any internet-connected devices. This can be done by generating a paper wallet or using a dedicated computer that is never connected to the internet. However, keep in mind that cold storage requires careful handling and protection of the physical storage medium to prevent loss or damage.
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• Dec 28, 2021 · 3 years ago
  As an expert in the field, I recommend using a combination of hardware wallets and cold storage methods for maximum security. By diversifying your storage methods, you reduce the risk of a single point of failure. Additionally, consider implementing multi-signature wallets, which require multiple signatures to authorize transactions, adding an extra layer of security. Remember to regularly update your wallet software and keep your devices and operating systems up to date to protect against any potential vulnerabilities.
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