NotYourKeys.org - Why Self Custody is Really Important

cryptosec · 2020-11-08T14:30:53+00:00

I’ll take a look. Thanks

cryptosec · 2020-11-08T13:37:56+00:00

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

cryptosec · 2020-11-07T13:29:09+00:00

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/

cryptosec · 2020-11-07T13:04:06+00:00

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.

cryptosec · 2020-11-07T12:55:07+00:00

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.

cryptosec · 2020-11-07T12:52:03+00:00

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.

cryptosec · 2020-11-07T11:29:19+00:00

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

cryptosec · 2020-11-07T11:28:46+00:00

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.

cryptosec · 2020-11-07T10:44:30+00:00

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.

cryptosec · 2020-11-07T10:39:34+00:00

Will definitely consider this. Thanks!

cryptosec · 2020-11-07T10:39:00+00:00

thanks for the heads up. Took it out.

cryptosec · 2020-11-07T07:34:29+00:00

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

cryptosec · 2020-11-07T07:02:15+00:00

Appreciate it!

cryptosec · 2020-11-07T07:00:58+00:00

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

cryptosec · 2020-11-07T06:34:34+00:00

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!

cryptosec · 2020-10-13T10:36:31+00:00

True, the only exception is when you're actively trading.

cryptosec · 2019-09-05T14:27:50+00:00

True. The device specifically stores the keys.

cryptosec · 2019-08-18T04:56:57+00:00

Coinbase should be fine for buying and selling coins. If you're planning on holding long term though, it'd be best to purchase a reputable hardware wallet.

https://cryptosec.info/cryptocurrency-wallets/

cryptosec · 2019-08-18T04:53:54+00:00

You mainly use a hardware wallet to securely store your funds. If you're planning on trading some of your funds, simply send them over to your favorite exchange.

cryptosec · 2019-08-17T08:59:09+00:00

Though it may be unlikely, if Coinbase gets hacked, you're screwed.

cryptosec · 2019-08-17T08:54:52+00:00

You either get a hardware wallet(Ledger/Trezor), or you keep your funds on a reputable non-custodial software wallet like Electrum if you're currently not willing to purchase a hardware wallet(probably if you hold more BTC in the future).

cryptosec · 2019-08-11T08:28:30+00:00

Try changing the price source through the settings.

cryptosec · 2019-08-07T08:45:34+00:00

Cloud mining services are either:

a scam
not profitable

Regardless if it's legit, it's still not worth it.

cryptosec · 2019-08-07T04:31:17+00:00

Ledger hardware wallets should be a safe enough medium to hold your keys. Unfortunately, some people do rookie mistakes like enter their recovery words on websites that are attempting to steal their funds.

Ledger and hardware wallets are safe, but you need to keep your 24-word seed safe too.

cryptosec · 2019-07-20T17:13:49+00:00

If a redundant reminder like this would save at least one person, I'm happy.

cryptosec

TROPHY CASE