What is the best option for bitcoin custody within a trust for my family?
I just keep our longterm stack on a Coldcard with the keys in safety deposit box stamped on steel but wonder if thats the bes...
SAFE DEPOSIT BOXES ARE NOT SAFE. THEY OFTEN GET DRILLED.
IF YOU MUST USE A SAFE DEPOSIT BOX KEEP A COLDCARD IN THERE RATHER THAN STEEL PLATE SO IT IS PROTECTED BY A PIN AT LEAST.
OR USE A PASSPHRASE. OR USE MULTISIG.
BUT IN ALL SITUATIONS ASSUME THE SAFE DEPOSIT BOX WILL BE COMPROMISED AND MITIGATE THAT RISK.
AS FOR TRUST SETUP, I LIKE MULTISIG BEST. GIVES YOU A LOT OF FLEXIBILITY.
EX: YOU HOLD TWO KEYS, HEIR HOLDS ONE, LAWYER HOLDS ONE - HEIR AND LAWYER WOULD HAVE TO COLLUDE TO SPEND FUNDS - IF BOTH LOSE KEYS YOU CAN STILL MOVE FUNDS.
IF YOU MUST USE A SAFE DEPOSIT BOX KEEP A COLDCARD IN THERE RATHER THAN STEEL PLATE SO IT IS PROTECTED BY A PIN AT LEAST.
OR USE A PASSPHRASE. OR USE MULTISIG.
BUT IN ALL SITUATIONS ASSUME THE SAFE DEPOSIT BOX WILL BE COMPROMISED AND MITIGATE THAT RISK.
AS FOR TRUST SETUP, I LIKE MULTISIG BEST. GIVES YOU A LOT OF FLEXIBILITY.
EX: YOU HOLD TWO KEYS, HEIR HOLDS ONE, LAWYER HOLDS ONE - HEIR AND LAWYER WOULD HAVE TO COLLUDE TO SPEND FUNDS - IF BOTH LOSE KEYS YOU CAN STILL MOVE FUNDS.
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