Not your keys - Not your bitcoin.
Keeping your Bitcoin on an exchange such as Coinbase base is not recommended they can be hacked, go bust or the government could just decide to take over. They hold the keys to your Bitcoin - not you.
Not your keys - not your Bitcoin.
Not your keys - not your Bitcoin.
Remove it to your storage device ASAP
With regular money there are varying levels of security that depend on your circumstances & amounts.
You may be happy keeping £200 pounds in your wallet but not £200,000.
You may be happy keeping £200 pounds in your wallet but not £200,000.
Software Wallets
Software wallets on your phone have the convenience of always being to hand but are not as secure as Hardware wallets because they are connected to the internet.
Software wallets can be for Desktop or Mobile phone and sometimes both. Treat a software wallet like your regular wallet, for keeping a small amount - NOT your life's savings.
Lightning WalletsLightning wallets are much better for small instant payments. Wallet of Satoshi is probably the easiest to use but the trade off is you are trusting a third party custodian, fine for ready "cash" but not your life savings. Other great wallets but more complicated are :-
Blue Wallet & Blockstreams Green |
Exodus an excellent easy to use multi currency desktop wallet where you can exchange between currencies -in app- Advanced wallets
Electrum is one of the longest running most trusted wallets.
Sparrow is a Bitcoin wallet for those who value financial self sovereignty. Sparrow’s emphasis is on security, privacy and usability. Casa
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Hardware wallets.
Hardware wallets are NOT connected directly to the internet & only connected briefly through specially designed hardware so are virtually impossible to hack online.
Coinkite Coldcard
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Ledger
While this is probably one of the best hardware wallets- Due to PRIVACY CONCERNS I DO NOT RECOMMEND Ledger wallet UNLESS it's in conjunction with Wasabi wallet (see vid) not the Ledger Live that comes with it.
Possibly KYC AML Legislation or the wallets support for shitcoins has forced these companies to log far more privacy details than is necessary for Bitcoin only. |
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"Physical" Bitcoin
Physical Bitcoin Revolutionary ? A bit like handing over cash, physical Bitcoin is now a thing but how do you know they haven't copied your private key before hand ?
Opendime
Opendime is a small USB stick that allows you to physically spend or give away Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.
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Offline Cash We’ve combined currency-grade printing with secure NFC chips to create the easiest to use cold storage product. Electronic cold storage meets secure printing. offline.cash
Tangem
Tangem a hardware wallet read by NFC. You never see your private key, instead its backed up on an additional card or 2.
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CoinDebit
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Transfer Bitcoin to a Debit Card with CoinDebit
Convert your Bitcoin into a virtual, prepaid card that can be used all over the internet within minutes ! |
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Multi sig Wallets
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For 10x security multi signature wallets offer the highest security. A 2 of 3 multi sig requires 2 of the 3 key holders to sign a transaction. which should protect against flakey partners or the wrench attack (some breaks in and threatens you).
Seed signing devices are now being used in combination with multi signature wallets. seedsigner.com Foundation Passport foundationdevices.com/ |
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Bitcoin in your head !
Keep your private key in your head with borderwallets
Other resources
Here's a real good wallet guide from bitcoin.org
