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tanel

What’s the most commonly used and best-in-class cold storage for BTC?

Andy The Bitcoin Adviser 2y ago

Unchained Capital, plus coldcard, plus sparrow as redundancy for UC.

UC is free, has a great UI for setting up multisig and you can export your vault map to sparrow.

Support and reporting is also excellent.

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Discussion

Brisket 2y ago

Any downside to using unchained?

I'm assuming to need to dox yourself?

Andy The Bitcoin Adviser 2y ago

I think so. For my superfunds that’s unavoidable so it’s not a trade off. Personal bitcoin, sparrow and coldcard.

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 2y ago

Ok but to the question “cold storage” can just simply be: coldcard or ledger or latest trezors and that’s it. You may not need a third party controlling your funds if you are just a single person right?

Andy The Bitcoin Adviser 2y ago

Everything is a trade off. I believe multisig offers some good ones. No doubt I will change approach in future and constantly reassess.

Andy The Bitcoin Adviser 2y ago

And no third party has access to my funds but they can help me access my funds if I fuck up.

Andy The Bitcoin Adviser 2y ago

I recently got a couple of https://securedrive.com.au/product/datashur-sd/ to store seed words and instructions for inheritance. Redundant devices and encrypted SD cards. You can’t store instructions on steel so seemed like a robust solution.

Brisket 2y ago

So instructions + 1/3 multisig keys?

I can understand that - I don't think I'd put a single sig key in there though.

Andy The Bitcoin Adviser 2y ago

I tried to map out the logic of what to keep where, how to make it secure without being too complicated and how to ensure my kids can get my coins in the event I’m not around without them being able to get them before then.

Brisket 2y ago

There's always trade offs

👍