Pregunta, #nostrask
Exchanges are centralized, wallets are too..
Is it the same risk?
How do I minimize the risk?
What cold wallet should I buy?
Pregunta, #nostrask
Exchanges are centralized, wallets are too..
Is it the same risk?
How do I minimize the risk?
What cold wallet should I buy?
Exchanges like river hold the keys to the #Bitcoin that is "owed" to you. So theoretically they are not your coins.
When you self custody your Bitcoin in a self hosted wallet you do not have this issue. You become the point of failure for your keys not a third party.
If you take the extra step to secure your bitcoin in a hardware wallet where the keys are created offline and never connected to the internet, you now have ultimate cryptographic security.
The provider of the wallet does not matter as your keys are how you backup your Bitcoin. Do not store them on paper, stamp them on metal.
Take your #sats off of exchanges, keep your seed words safe. Back that shit up. Store your stack offline.
I enjoy my Passport by Foundation devices. It's the only hardware wallet I've ever used but it's incredible.
Super sleek, reminds me of an old school Nokia. Very easy to use.
There is also the cold card by coinkite I've heard great things about that one.