lost me at:
– recovery requires access to a device, hardware, or cloud.
i'm fine putting 0.1 btc on this thing. can't say the same for 1 btc.
if you lose your hardware device or phone or both, bitkey can recover your funds. this means it has all the information needed to move my funds. this is not a cold wallet.
Why?
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Yes, not really a cold wallet. But can be safer than a cold wallet, depending on the situation.
In the end is all about tradeoffs.