I have been experimenting with different signing devices (wallets) and wanted to share a tip. ₿efore you send anything to the SD delete and reinstate it using the passphrase. This way you know for sure you can do it. If something does go wrong you are not panicking. I find I am getting used to self-custody of my ₿itcoin and still get the jitters moving large amounts.
If you have any other tips they would be greatly appreciated.
2 of 3 multisig w/ unchained has been a huge peace of mind for me. They’ve got a lot of material on it.
Essentially, you have 2 keys, and the third goes to unchained as a backup in case you lose one of yours. They can’t actually do anything with your funds, and it still takes intentionality on your part to handle the remaining 2.
It eliminates single points of failure and the need for passphrases. You can easily keep the setup completely airgapped, which I highly recommend.
As long as you keep your hardware wallets separate, you’re immune to the $5 wrench attack. Having a key be stolen results in nothing. Losing a key is way more likely, and also results in nothing. You just have to retrieve your backup from unchained (which takes about a day because their ID verification is stricter than just about everything), and then transfer the funds to a new wallet and set up a new multisig.
reply
If you have a Ledger or Trezor, adding a a passphrase is a MUST, but before sending any amount, be sure you are able to access to the wallet, so as @02daadf9a3 said, delete & restore it to be sure.
I'd add avoid to use the manufacture software (Ledger Live, etc) and access to your wallets using Electrum and if you want to add another safety layer use TAILS.
reply
делай перевод каждый день и успокойся... просто перемещяй. это даёт спокойствие. движение жизнь.
reply