What’s the safest option to hold BTC ?

[ChuckDoris]

Cold wallet to avoid the internet at all cost!!

Some go with physical private key storage by engraving or a picture etc

[Proty]

Following the recent situation surrounding some exchanges, it seems BTC is not safe to be held in CEXs wallet anymore.

It never did, and will never be. Anything that related in crypto holdings must be held on custodial wallet on safe environment especially if its yours anything than that will be considered as risky. You should only put your money on CEX for trading and be considered to deposit what you can afford to lose.

In a custodial wallet the user does not have full control over there coin ,so I think custodial wallet should be used for trading since the funds is not been stored for a long time.while non custodial wallet the user have full control over there private key's and this kind of wallet should be used for holding bitcoin since it is more safe to store bitcoin.

[yhiaali3]

Of course, we have written repeatedly that it is not permissible to store large amounts of assets in centralized exchanges for many reasons, including that centralized exchanges can be hacked, in addition to that your account can be frozen, in addition to that they do not maintain privacy, in short, you do not actually own your assets.

Of course, the best solution is to store assets on a non-custodial wallet, and it is preferable to be a Hard wallet, if you do not have your private keys, then you do not actually own your assets.

[enwi]

Following the recent situation surrounding some exchanges, it seems BTC is not safe to be held in CEXs wallet anymore. Take for instance, the recent Bybit hack which happened unexpectedly, billions of Ethereum was moved even though it was able to recover it through reserves and institutional loans.

This would have been another story entirely if the hack had been done to a Bitcoin reserve but in order to avoid future losses, i’ve been curious to know what the safest option to store BTC could be.

As we known, there are usually many focuses on the security of the assets in the digital environment. Various cases in the current events indicate that we must be even more cautious when dealing with the BTC. Currently, I employ two types and that is internal h, which I use from weekly to monthly and the external, which is for the long term. However, every cattleman also has his own approaches on how he is going to protect his assets, though there are some matters that may not be mooted, risks are always imminent, and optimum safeguarding must always be deemed obligatory. This is because there have been a number of occurrences hence imply that the management of BTC should not be done haphazardly.

[Rubel007]

Those who want to collect bitcoin for long-term or those who dream of holding their bitcoin for long time should never keep money in a central exchange wallet. Keeping money in a sex wallet means keeping your assets with someone else. If your assets are entrusted to someone else, there is no chance of holding them responsible for any accident that occurs while performing that responsibility. Moreover, hackers always keep an eye on exchange wallets and if they can succeed there, they will be able to get more. There is nothing safer than keeping your assets in your own wallet.

[Bobcrypto]

Do not leave or store your bitcoin in exchange..
Do not trust exchange they are not reliable..
Download a nonecostodial wallet or HD wallet.
With this your investment are safe and secure..
Do not reveal your secret keys.

Storing Bitcoin on exchanges should depend on individuals activities, and there are big traders that has huge capital used on trading, they may find it difficult to be moving their capital from one exchange to wallets, though some of these big traders prefer the tie one exchanges where there may be some level of safety of their funds.
Bybit exchange has grown to be a tie one exchange, though they had suffer huge losses, but i think that users funds are still safe as team has declared.
Storing crypto assets on tie one exchanges has some level of safety, though not preferred by many but as a trader, i have some of my assets on big exchange.

[Fivestar4everMVP]

Following the recent situation surrounding some exchanges, it seems BTC is not safe to be held in CEXs wallet anymore. Take for instance, the recent Bybit hack which happened unexpectedly, billions of Ethereum was moved even though it was able to recover it through reserves and institutional loans.

This would have been another story entirely if the hack had been done to a Bitcoin reserve but in order to avoid future losses, i’ve been curious to know what the safest option to store BTC could be.

Right from inception, storing your crypto (not just bitcoin) on the centralized exchange has never been a  good option or choice entirely, I believe if you have stayed long enough in crypto, you must have come across the term "not your keys, not your crypto".

Going by the above term, it clearly tell us all that the bast way we can store or hold our crypto is to do so by opting for a non custodial wallet. Non-custodial wallet is the only type of wallet that give users full control of their bitcoin and any other crypto asset by ensuring that the user is in full possession of the wallet seed phrase or private key, this way, the security of your bitcoin and other crypto assets is fully in your hands and not in that hands of any exchange platform that can get hacked.

[milewilda]

Following the recent situation surrounding some exchanges, it seems BTC is not safe to be held in CEXs wallet anymore. Take for instance, the recent Bybit hack which happened unexpectedly, billions of Ethereum was moved even though it was able to recover it through reserves and institutional loans.

This would have been another story entirely if the hack had been done to a Bitcoin reserve but in order to avoid future losses, i’ve been curious to know what the safest option to store BTC could be.

This might be that been said or mentioned a thousand times or even tens or hundreds but you should always remember this:

"NOT YOUR KEYS, NOT YOUR COINS"

We do know that centralized exchangers are simply those custodial wallets on which means that you dont possess or own the keys of such wallet on which simply means that once it do gets hacked then you would definitely be having that sure lose of those coins that you do have on that particular account. This is why if we do speak about that safest option then make use of non-custodial wallet and if you are holding for long term then its ideal that it would be airgrapped at least.

[albon]

From my personal research and experience i can say that trezor safe 5 is the most secure of all wallets, so if you want to store bitcoin for a long time then you can grab it. Some of its main features are that this device is highly secure and you can choose the trezor safe 5 as the best Bitcoin wallet for security due to its ability to protect your cryptocurrency offline if you want. Because it provides a high level of security as well as a high level of functionality. Also, those who are new to crypto and want to conveniently store and access it can use the coinbase wallet if they want.

[Hamza2424]

Honestly, speaking brother CEX was never supposed to be good for the long-term funds holding, these were the platform to trade with funds with ease.

Those who were considering holding their funds on centralized exchanges or wallets got their lesson time-to-time in history, you've mentioned bybit it's not the first on list, and it will not be last either.

To hold your Bitcoin savings or investment consider hot wallets/paper wallets if the amount is bigger consider a cold storage.

[dekafee79]

Honestly, speaking brother CEX was never supposed to be good for the long-term funds holding, these were the platform to trade with funds with ease.

Those who were considering holding their funds on centralized exchanges or wallets got their lesson time-to-time in history, you've mentioned bybit it's not the first on list, and it will not be last either.

To hold your Bitcoin savings or investment consider hot wallets/paper wallets if the amount is bigger consider a cold storage.

CEX should be used for trading because we don't know the security of CEX, because we also sometimes hear news that wallets are hacked.
It is better to store long-term assets in a personal wallet. I use exchange wallets only for short-term investment and trading.

[Findingnemo]

Following the recent situation surrounding some exchanges, it seems BTC is not safe to be held in CEXs wallet anymore. Take for instance, the recent Bybit hack which happened unexpectedly, billions of Ethereum was moved even though it was able to recover it through reserves and institutional loans.

This would have been another story entirely if the hack had been done to a Bitcoin reserve but in order to avoid future losses, i’ve been curious to know what the safest option to store BTC could be.

Exchanges are never been a place to keep your BTC and other crypto, it's just users ignorance lead to use it as wallet.

We have tons of open sourced, non custodial wallet for Bitcoin. For example Electrum is a good user friendly and almost has every feature you need as a Bitcoin user and it's available on different operating systems too.

https://electrum.org/

[SmartGold01]

Do not leave or store your bitcoin in exchange..
Do not trust exchange they are not reliable..
Download a nonecostodial wallet or HD wallet.
With this your investment are safe and secure..
Do not reveal your secret keys.

Storing Bitcoin on exchanges should depend on individuals activities, and there are big traders that has huge capital used on trading, they may find it difficult to be moving their capital from one exchange to wallets, though some of these big traders prefer the tie one exchanges where there may be some level of safety of their funds.
Bybit exchange has grown to be a tie one exchange, though they had suffer huge losses, but i think that users funds are still safe as team has declared.
Storing crypto assets on tie one exchanges has some level of safety, though not preferred by many but as a trader, i have some of my assets on big exchange.

It's still a choice and anything could happen at the cost of leaving all your assets in exchange, usually if you are a trader and you have your asset stored in exchange what you should do is to move out your capital and leave your profits to trade with, at this point if there are anything to affect the exchange you wouldn't regret leaving your asset over there.

[Z-tight]

Did you just find out that you shouldn't store your funds in a centralized exchange or a custodial service, posts like this will open your eyes as to how many people own BTC, but know nothing about how to secure their funds. You should store your funds in your self custodial, open source wallet.

[bhadz]

Following the recent situation surrounding some exchanges, it seems BTC is not safe to be held in CEXs wallet anymore. Take for instance, the recent Bybit hack which happened unexpectedly, billions of Ethereum was moved even though it was able to recover it through reserves and institutional loans.

Not anymore but it has never been safe to hold into exchanges and you shouldn't keep your BTC there if you have plans of holding long.

This would have been another story entirely if the hack had been done to a Bitcoin reserve but in order to avoid future losses, i’ve been curious to know what the safest option to store BTC could be.

That's always been the case, think of it that exchanges are vulnerable to hacking as long as the hackers will see some holes of what they can take, they'd take it either with BTC or any other cryptos.