OK friends, I'm almost ready to self-custody my BTC. I need you suggestions on cold wallets and any tutorials that explain it like I'm 12yo
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Replies (49)
My choice would be Coldcard with Sparrow. @BTC Sessions has everything you need on youtube
Look up " BTC sessions cold card" on YouTube
Check out @BTC Sessions videos. Iβve played around with a few, and would probably recommend Jade as a good first one.
Bitkey
no tutorial needed
Coldcard + Sparrow wallet. Step-by-step walkthrough here:
itβs retard proof
Start small. Take your time. As you gain more confidence you will move more into your storage system.
Every solution has tradeoffs. Just keep that in mind.
Coldcard. Make sure to buy it directly from the website. They destroy most of your data after a certain period of time
For all tutorials, use the legendary videos on YouTube made by @BTC Sessions
Coinkite Store β Get your Coinkite, Opendime and Coldcard product here!
Coinkite Store β Get your Coinkite, Opendime and Coldcard product here!
Get your Coinkite, Opendime and Coldcard product here!
Start with a Bitkey if itβs not a significant portion of your net worth. If itβs a significant portion of your net worth probably best to go with a service like Unchained, Nunchuk, or Casa.
As a public figure & as your stack grows Iβd highly recommend you look into Unchained.
Unchained - Bitcoin financial services
Unchained is a bitcoin-native financial services company offering collaborative custody multisignature vaults, loans, and IRAs for bitcoin holders.
Trezor, from Satoshi Labs, I think has the best hardware. It's possible to assemble one yourself (not that you need to) as they have the hardware plans and firmware source available.
From one physician to another⦠The only answer is Coldcard and BTC Sessions for tutorials
Bitkey, Trezor or Blockstream green App on iPhone paired with a Jade Hardware Wallet
While Coldcard + Sparrow may be the best, itβs probably not the best for a first timer that wants it to be easy enough for a 12 year old.
Jade Plus + Green is a great starting combo for noobs.
Bitkey is retard proof, a bit of trust involved. If you want to level up watch Btc sessions and learn how to use a coldcard on sparrow.
Easiest set up you will have is probably with passport by @Foundation. They also have a concierge service if you wish to book it additionally. And I'm sure @BTC Sessions has done a video on it
Just remember 24 words.
If you haven't been doing any self custody would recommend starting out with small amounts using hot phone wallets first. This is also what @BTC Sessions recommends.
Store your seed phrase in a password manager (but do NOT do this for cold storage wallets), and practice deleting the wallet and then recovering it. Send some money around, maybe back to yourself. Track your transactions on mempool.space.
After you get comfortable, study secure seed storage and graduate to hardware wallets.
Meople recommend this (a lot of paid marketing perhaps) but these collaborative custody options all seem to involve huge privacy tradeoffs
Spend the money go speak to Tony @The Bitcoin Way
One simple guiding principle is to build your security around the idea that your stack is worth 10x what it currently is, so you future proof your setup
If you do multisig I highly recommend different manufacturers and a well-generated 25th word
When you can afford 100$ you could book a 1on1 with @QnA on bitcoiner.guide
He is a top class educator!
(works for @Foundation who have the fantastic Passport)
Or you could look at werunbtc.com by the famous @ODELL .
(he is a @COLDCARD Fan which is also a great product)
Listen to
Coldcard Mk4 from experience is insanely secure, just follow the BTC Sessions tutorial for how to use it and the complexity gets cleared up
Agreed
Cannot go wrong with Trezor. Avoid Ledger. Only order directly from manufacturer.
Even before getting a device like that, you can try some software wallet on a phone. This is only to play with smaller amounts. It will teach you how to make a seed phrase backu, and send a normal onchain transaction.
Multisig for any significant amount whatever that means to you. @Casa has worked well for me, and is no KYC. Unchained similar but KYC. Think shared multisig with a custodian like these two is best/easiest, especially when getting started. Makes it idiot proof.
@npub1tcnv...ctu0 Bitkey is also great, has some trade offs but IMO an improvement over singlesig for sure, and incredibly idiot proof.
Bitkey is the way!! Intuitive, with βtrusted contact(s)β for potential recovery should you lose the device or your phoneβor even both.
Self custody for me was a *must,* but the most intimidating and scary aspect of BTC.
Iβm telling you, @npub1tcnv...ctu0 eliminates the complexities of traditional hardware wallets.
I don't think you can go wrong with @npub1cvql...yjt3 software wallet, that offers single-signature or assisted multisig options, collaborative wallets, and inheritance options....For easy, secure hardware wallets that work well with Nunchuk, consider Tapsigner cards from Coinkite.
Hey Ken! Here's a video on the Coldcard Q - used in the simplest configuration. It can be used this way to start, then if you feel confident you can begin using some of its special features as you get comfortable!
I second this. π«
Great video by @BTC Sessions explaining my previous reply:
Many of those listed are good. I think Trezor is the best used with Trezor suite app. They are the oldest hardware wallet manufacturer.
Sparrow (multi SIG coordinator) + coldcard (hww) + bitbox bitcoin (hww). Get 2 of one for a clean 2/3/multi SIG.
Create a few wallets, until its boring or predictable.
Use venice.ai if you have questions it was created by a bitcoiner.
coldcard
Sparrow Wallet
Quick Start Guide
Sparrow is a modern desktop Bitcoin wallet application supporting most hardware wallets and built on common standards such as PSBT, with an emphasi...
Bitkey if youβre NOT tech savy
Coldcard if you are
I like the @npub16s4c...4p24 wallet paired with @npub1cvql...yjt3 so that I have access to it all on mobile.
Open sourced, good size device, QR code simplicity and has a #bitcoin only mode
Hello Dr. Berry,
first of all thank you for your work! If you want to learn about self-custody i recommend to watch Bitcoin University channel on youtube but also check out seedsigner. It is a DIY self-custody, airgapped device (really easy to make) and is perhaps a better solution for long-term storage of BTC. For other uses a coldcard or jade wallet are perhaps the better options. Depending on how you will self-custody it there are different things to learn.
I personally do self-custody and also use seedsigner, so if there are any questions I can help answer you please ask away.
But the most important bit - never ever tell anyone your seed words.
Kind regards!
Simple! Pick 25min of your precious time and learn from no other than the one and only, @BTC Sessions :
12yos are pretty f-in good at this
For beginners not recommended, you will lose your coins if you fuck up one of 3 keys only.
Beginner or advanced, you lose your keys you are screwed.
Set up wallets on repeat until boring before funding.
Definitely take a look at @npub1tcnv...ctu0
In case you don't know how a hot wallet works. Here is a short but important tutorial:
- Go to bluewallet.io, download, install and open the app.
- Tap on Add now to create a bitcoin wallet and tap Create on the next screen
- You'll see12 words. Write them down on a piece of paper and make sure no one is watching. Tap in OK, I wrote it down.
- Tap in the blue area with 0 BTC and tap on Receive. It will show a bitcoin address and a QR-code which has the bitcoin address in it. Share this address on nostr and you'll receive some bitcoin.
- The bitcoin aren't in your wallet. To demonstrate, remove Blue Wallet from your phone and install and own it again.
- Tap Add now and select Import wallet. Enter the1the 2 words and you'll see your bitcoin balance restored. Your bitcoin are on the bitcoin blockchain; conputers worldwide running the Bitcoin software.
Insured custody (more expensive) anchor watch
Collaborative multisig (less expensive) casa Hodl
Talking about time, someone said:
You invest ca. 80000 hours of your lifetime into earning money. So it is a good idea to spent 100 hours understanding how to keep & secure that money.
#Bitcoin