A firearm holster system and methods of use are described herein for safely securing a firearm while providing visibility and quick access. A shroud is provided in the rough shape of the firearm. One or more magnets attached to the shroud create a retaining force between the firearm and the shroud. The magnets in combination with the back and side walls of the shroud, provide protection and security to the firearm. The user simply accesses the firearm in a grip section of the shroud to remove it from the holster assembly.