Self-custody is the key to maintaining control over your Bitcoin funds. However, it comes with the responsibility of securing your sensitive materials. It's straightforward to manage your Bitcoin while you're alive and well, but what if the value skyrockets or you become incapacitated? Are your funds secure, and will they reach the right people?

At Bitcoin Well, a non-custodial bitcoin-only exchange, we understand the importance of self-custody. The information in this article will help you understand how to securely store and distribute your bitcoin, ensuring your funds are always under your control.

Here, we explore how to avoid losing your Bitcoin once you're in control. While organizational needs may vary, the principles discussed are widely applicable. This guide starts with the basics, gradually increasing in complexity. I will also address both hot and cold wallet setups, using BlueWallet and COLDCARD as examples.

• Basic Setup
  • Understanding the terminology
  • How to select a wallet type
  • The straightforward setups
  • Addressing Points of Failure
  • Considerations
• Mitigating risks with a slightly more advanced setup
  • Advanced Setups
  • Encrypted Backup
  • Seed XOR
  • A Note on Multisig
  • Conclusion

... read more at bitcoinwell.com