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In this video, I discuss Bitcoin cold storage, and its advantages over hot wallets.
Hardware wallets are the gold standard of Bitcoin cold storage. Single-sig is fine for beginners, but more advanced users will want to learn about how to store their Bitcoin using multi-sig.
Collaborative custody for multi-sig is more user-friendly, but comes with the risk of personal data leaks, like Unchained Capital recently experienced.
The best solution is DIY multi-vendor multi-sig using geographically dispersed hardware wallets.
Recovery seeds are an important way of backing up your Bitcoin cold storage. Be careful never to upload your recovery seed online, as a text string or image, or your Bitcoin could be stolen.
Not investment advice! Consult a financial advisor.
My favorite hardware wallets:
trezor.io/
blockstream.co...
coldcard.com/
BIP 39 word list:
www.blockplate...
How to Buy and Store Bitcoin (The Right Way):
• How to Buy and Store B...
Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
• Best Way To Store Larg...
Collaborative custody with multi-sig:
unchained.com/
keys.casa/
The downside to collaborative custody:
www.coindesk.c...
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#ColdStorage
#HardwareWallets
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