Losing my money because of keyloss, theft, or just weird tech/unforeseen things..
How much work (or cost) is UTXO management for someone who wants to put in as little work as possible?
What other t...
Everybody's needs and setup is going to be a little bit different, but following a few guidelines will have you safe.
- Multisig is good. Use it.
- Passphrase is good. Use it.
- Use a trusted hardware wallet (Coldcard is good, Ledger is very bad). World-class cryptographers and engineers have verified the top ones.
- If you write your seed phrase on a computer or take a picture of it, you Bitcoin is gone in minutes. Sayonara.
- If you write your seed phrase on a piece of paper and properly secure it, it would take a billion years to steal that Bitcoin from you.
I have self-custodied for 9 years. It's genuinely easier, more efficient, and more secure than working with my bank account. And I sleep like a baby. :)
- Multisig is good. Use it.
- Passphrase is good. Use it.
- Use a trusted hardware wallet (Coldcard is good, Ledger is very bad). World-class cryptographers and engineers have verified the top ones.
- If you write your seed phrase on a computer or take a picture of it, you Bitcoin is gone in minutes. Sayonara.
- If you write your seed phrase on a piece of paper and properly secure it, it would take a billion years to steal that Bitcoin from you.
I have self-custodied for 9 years. It's genuinely easier, more efficient, and more secure than working with my bank account. And I sleep like a baby. :)
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