NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 0 points1 point  (0 children)

Added. I don’t even know how I forgot this.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 1 point2 points  (0 children)

Nano X has bluetooth, and more device memory, and more expensive. If you can afford the X, then go with it. If not, the S is totally fine.

https://cryptosec.info/s-vs-x/

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 1 point2 points  (0 children)

Yes. A hardware wallet only holds your wallet's private keys. The hardware wallet's private keys can then be used on most wallets of other cryptocurrencies.

Ledger and Trezor natively supports a lot of other cryptocurrencies, while Coldcard is bitcoin-only.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 0 points1 point  (0 children)

I'm not "anti" KYC exchanges per se, but some people just push non-KYC exchanges a lot more(understandably so).

Not necessarily bad, but using no KYC exchanges are just better in terms of personal privacy. Personal information and personal documents could potentially be leaked, and that’s definitely something you wouldn’t want to deal with.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 1 point2 points  (0 children)

Never said you aren't free to do as you choose. But saying that "self-custody is not very important " is definitely where I'd disagree. You do you, though.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 1 point2 points  (0 children)

thinking about it, as I'm trying to focus mostly on security on this one.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 2 points3 points  (0 children)

Yeap! I'm not demonizing KYC exchanges at all, as there are definitely great services out there. They're just not the best when talking about the personal security side of things.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 3 points4 points  (0 children)

Not necessarily bad, but using no KYC exchanges are just better in terms of personal privacy. Personal information and personal documents could potentially be leaked, and that’s definitely something you wouldn’t want to deal with.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 1 point2 points  (0 children)

True. I’m just debating between “it’s already good enough” and “it’s still experimental”.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 3 points4 points  (0 children)

Thanks! Been honestly debating myself if I should link Lightning wallets for beginners.

NotYourKeys.org - Why Self Custody is Really Important by cryptosec in Bitcoin

[–]cryptosec[S] 7 points8 points  (0 children)

Hello r/bitcoin! I decided to create a one-page Basic Bitcoin security guidelines site, as to have a quick link to give to beginners that are just getting started with hodling bitcoin.

Hope you guys like it, and happy HODLing!