Safest Ways to Store Bitcoin (2021 Guide): Cold vs. Hot, Multisig, Backups & Inheritance Safest Ways to Store Bitcoin (2021 Guide) Cold wallets, multisig, seed security, and a simple inheritance plan you can implement today. Key takeaways Cold > Hot: Keep long-term BTC offline on a hardware wallet or air-gapped device; use hot/mobile wallets only for spending. Backups matter most: Secure your seed phrase on paper or, better, a steel plate. Store copies in separate locations. Passphrase & PIN: Add a BIP39 passphrase and strong PIN; never type seeds on a PC/phone. Practice restores: Test recovery on a spare device before moving large amounts. Plan for heirs: Create a simple, sealed inheritance note with clear steps and locations. Contents C...
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