Nostr Web Client

Sparrow Wallet -> New Wallet -> Single Sig -> Taproot -> Software Wallet -> 24 word seed -> *with passphrase . Then finish the wallet setup with a password for the wallet.

Keep the seed words SEPARATE from the passphrase.

Do not keep the passphrase on any computer. Keep it offline.

Pro Tip: Make sure the passphrase is coded in the real world so you don't even have to write it down. For example: the passphrase could be in a famous book and all you have to remember is the page number and location of the word on the page.

Now if someone gets your seed words they cannot get your bitcoin unless they also have the passphrase.

Also, with the BIP 39 passphrase you have plausible deniability in a 5 dollar wretch attack.

SatsMan 1y ago

But wait!!! Sparrow is a web (hot) wallet right?

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Discussion

Sovran Systems 1y ago

Sparrow is not a web wallet, but it is a software wallet you download. If you use bitcoin you need to use Sparrow Wallet.

https://sparrowwallet.com

And yes it is a hot wallet, but since you have a passphrase on your seed words and your passpharse is never stored on a computer then I think that can be said to be a "cold" wallet.

However, a hardware wallet keeps your seed words off a computer completely (only stored on the device) and you need to have it to sign for transfer of the UTXOs, thus that is said to be truly a cold wallet.

SatsMan 1y ago

🤔🤨😳 Woww, I’m in the space since 2015, and still soooo much to learn. I’m type of a #hodl person. Never sold a single sats. My first purchase was January 2015.

2019 around June I bought #ledger as a cold wallet. Never had a problem with ledger but lately I have concerns. How about your journey? Let’s ask #plebs too!! #Bitcoin #askNostr I love to run my own #node soon.