If someone can't afford buy a hardware device to store Bitcoin
What the best secure alternative way similar to cold store to store Bitcoin?
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If someone can't afford buy a hardware device to store Bitcoin
What the best secure alternative way similar to cold store to store Bitcoin?
You don't need a hardware device to store the seed but you will want an air-gapped computer-like device (could be a cheap hardware wallet) to help you generate the seed.
Cool ,Could you please send me a tutorial to dive deep in it
https://armantheparman.com/dicev1/
If you have a computer, you can make a USB cold wallet, but this method is complicated and you must be careful.
What about using an old laptop and download hot wallet and never used laptop but only storing keys on hot wallet
What do you think about creating a new account in a Decentralized Wallet (for example an Application), copying the seed words on a piece of paper. Send the BTC to that address and then uninstall that app. Does this procedure provide security??? (I mean the technical aspect).🤔
Yes, very possible. With varying levels of security based on the initial setup.
For easy setup you can use any of the recommended open source apps, Electrum/BlueWallet/etc
*Keep in mind you will still want to generate multiple receiving addresses so you do not reuse the same one every time you send sats to your vault.
You can print a bunch of receiving addresses to use in future or for easier access you can generate the vault private key offline, then add the PUBLIC key to BlueWallet or others as a "watch-only" wallet, which can generate new receiver addresses from the public key. However this "watch-only" wallet will not be able to SEND the sats from the vault alone.
For higher security the idea is that you generate your keys OFFLINE, without ever exposing the private key to internet.
DarthCoin guide here for near perfect software-only cold wallet:
https://darthcoin.substack.com/p/build-your-hodl-btc-cold-wallet
Very good that information👍
Will give it a shot , many thanks
Just transferring from Ledger to Blockstream Jade. First impression is very solid and easy to understand wallet. Coldcard seems to be playing in this league, too I guess.
Sorry just saw that You are looking for low budget... its quite cheap though
I like coldcard seems to be highly secure and recommended from so many Bitcoinner
Take them if you can
https://i.postimg.cc/m2p9TCLf/cats-stego.jpg
Apart from that steganography I use other methods (each of these also have a copy):
And all these of course I use watch-only with the xpub as I described in this guide.
See more examples here
https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like
But this is MY method. It doesn't have to be yours too.
Those that are not comfortable with these kind of methods, should use a HW.
Currently l am hodl my Bitcoin in caha wallet like wasabi and using an old laptop for just storing the keys l never connected to internet only when l need to check or need to receive from exchanges
How much level of security l have using this method
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