lainchan / sec

Bitcoin secure storage

Anonymous · 2021-03-24 00:41
How do you store your Bitcoin / other crypto? >Do you use a custodial wallet (lol), software wallet, or hardware wallet? >If hardware wallet, which one(s)? Do you keep them at home or in a bank box or something? >You do keep your recovery phrase, right? How do you hide it? >Do you use a multisignture setup? I want to launch startup that helps people securely store their coin, trustlessly. So this is market research for me. My theory & value proposition is that most people's setups are insecure and vulnerable to hacks (mostly address spoofing) / and targeted theft in meatspace.
Naomi Nascimento · 2021-03-26 06:22
Is a cold wallet on a cheap USB drive not enough?
Nameless · 2021-03-28 23:08
>>15256 well I have 3 wallets, all have their keys backed up on metal in 2 locations and a keepass db kept offline and off computer : -a trading one that I interact with in a ledger nano. Initial funds on it came from binance. -a cold storage one for long holds, I only dump coins sometime from the trading one so I only need the public adress, if I ever need to actually take funds out I use tails with the private key from one of my backups. -a spending one with monolith and their visa card. the trading one and this one are separated by tornado cash.
XERXES · 2021-03-28 23:11
>>15293 I have to add that my wallets are all on eth and the trading wallet only uses decentralized services (aave, uniswap, nexus mutual, yield, ...). Binance is only my on-ramp solution since VirWox died. F
Faye Valentine · 2021-05-08 06:06
>>15256 encrypted wallet on a fully encrypted drive with electrum to access it.