Cold wallet and storage questions

I’ve accumulated a fair amount of sats and feel like it’s time for me to invest in a cold wallet to better secure them. I’ve read and listened to a fair amount about bitcoin now and am starting to understand what I own and why it’s important to use cold storage. I’m still a bit confused by the concept of “utxos” despite having multiple people explain it to me lol, im trying to understand but it’s not quite landing for me. I just don’t want to be bogged down with fees or whatever. Basically I have like 6 million sats I want to move into cold storage. Wondering if anyone could offer an explanation here that may land, also open to videos that explain it. Then I’m looking at purchasing a trezor, what would be the advantage of a 5 over a 3? Is it worth twice the price and why? And finally, I understand there are digital wallets that you can download for free, would I want to do this in addition to moving my sats to a Trezor? Or is that unnecessary? And would that technically cause more utxos? I’m currently purchasing and storing via Strike. Any advice and/or clarification would be very much appreciated, I know these questions crop up on here all the time and are prolly tired but I’ve gotten good help in the past here w beginner advice. Thank you!! submitted by /u/jd5454 [link] [comments]

Apr 8, 2025 - 15:46

I’ve accumulated a fair amount of sats and feel like it’s time for me to invest in a cold wallet to better secure them. I’ve read and listened to a fair amount about bitcoin now and am starting to understand what I own and why it’s important to use cold storage. I’m still a bit confused by the concept of “utxos” despite having multiple people explain it to me lol, im trying to understand but it’s not quite landing for me. I just don’t want to be bogged down with fees or whatever. Basically I have like 6 million sats I want to move into cold storage. Wondering if anyone could offer an explanation here that may land, also open to videos that explain it. Then I’m looking at purchasing a trezor, what would be the advantage of a 5 over a 3? Is it worth twice the price and why? And finally, I understand there are digital wallets that you can download for free, would I want to do this in addition to moving my sats to a Trezor? Or is that unnecessary? And would that technically cause more utxos? I’m currently purchasing and storing via Strike. Any advice and/or clarification would be very much appreciated, I know these questions crop up on here all the time and are prolly tired but I’ve gotten good help in the past here w beginner advice. Thank you!!

submitted by /u/jd5454
[link] [comments]