If I am a newbie now what do you advise me to do?
Discussion
i like phoenix wallet for beginners, can download it in the app store
then when the amount gets larger and you need a more secure offline setup you can upgrade to a coldcard
full guide here: https://werunbtc.com/coldcard
Awesome! I generally tell beginners to buy via strike - when too much 👉store on Muun - once too much 👉move to coldcard or ledger. I understand ledger is no longer to be trusted since private code… I got some funds there. Maybe time to move it 🤔
nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspxdmhxue69uhkuamr9ec8y6tdv9kzumn9wshkz7tkdfkx26tvd4urqctvxa4ryur3wsergut9vsch5dmp8pesz9rhwden5te0wfjkccte9ejxzmt4wvhxjmchztzjn is advertising a seedless wallet. Not sure here. Seems risky? Trust to acceess… seems like what we were going against in the first place.
solid advice
my main issue with ledger is its complicated because of all the shitcoin support and the auto wipe after three incorrect pin entries have caused a lot of problems for people
the bitkey is fine, its very easy to use and reasonably secure, middle ground between a phone wallet and cold storage
Isn’t the real issue with bitkey that your data is shared and you’re locked in by the vendor… there are phone wallets with seedwords and the choice to connect to your node. In the spectrum of privacy and usability across wallets bitkey is clearly positioning themselves outside of the bitcoin ecosystem.
You can connect your node to Bitkey. I’m 99% sure they also have sovereign recovery. It would be nice if you could use their hardware with Sparrow, but they offer enough value that the trade off makes sense for a lot of people
They have your xpub… and just look at their app privacy in the App Store…
There’s an aspect to this discussion which is often overlooked: We’re all going to die one day.
While an individual might quickly learn to secure a seed phrase and use a hardware wallet, what do their heirs do after they drop dead? Solutions like Bitkey help mitigate this.
I think all the smart engineers working on Bitcoin will come up with increasingly innovative ways to hold bitcoin. With all due respect to current products, we are currently in the 1974 Altair 8800 days of bitcoin wallets but quickly approaching a 2007 iPhone launch.