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34 sats \ 1 reply \ @clownworld 29 Feb \ on: POLL: At what BTC price does self-custody get scary? bitcoin
It’s not too hard to do it right.
- Use a hardware wallet and choose a hard long PIN for it.
- Save your seed in a steel backup device.
- Save your seed phrase in multiple safe locations.
- Use a passphrase on top of your seed words that only you know and that is never written down.
- When you travel internationally, wipe your hardware wallet and recover it after arriving. Bring your steel seed backup and a paper backup. If anyone takes your backup, you are still protected by the passphrase. You can simply move everything to a new wallet when you get a chance.
Traveling internationally with a significant amount of bitcoin is definitely scary. Actually, I should rephrase that: crossing international borders is scary. If you don't have to bring key material, don't.
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