Thank you this was the answer i was looking for. I’ve heard that tapsigners have a limited shelf life though and maybe not ideal for long-term storage. am I just misinformed?
Discussion
I can see how someone might think that, but I don’t know it for a fact. It’s just a piece of plastic. If you take care of it I don’t see why it wouldn’t work for decades. But even if stopped working, it has a Backup password in back of the card, which you can use to create a software key to sign a txn. And you can write down that backup password on a piece of paper/metal to hedge against losing the TAPSIGNER.
I wouldn’t recommend having all your funds in single sig using a Tapsigner, but it makes sense for secondary wallets with smaller amounts and/or as a part of a multi-sig set up. Nunchuk uses it as the inheritance key in their paid plan.
So a 2/3 coldcard tapsigner nunchuck setup sounds like a plan with two steel backups.
and just to clarify each key of a multisig can hold their own funds? I’m assuming so.
That’s a very solid set up.
Personally, I don’t like having more than one steel back up on a 2 of 3 multi sig, but if you go for it look into SEED XOR or/and use a passphrase with at least one of the devices.
Yeah key can hold its own funds.
thanks so much this gives me a lot to think about