Facts everyone has different levels of risk and one of them is ourselves long as you’re Bitcoin is safe you’re doing good and will be successful in the future 🫡
Discussion
Absolutely. Hardware wallets are obviously super useful and highly recommended. But if you havent got the spare cash for a cheap one, or you just want to learn how offline tx signing works, give it a go.
Also, even if you do have a hardware wallet, be aware of the most common mistakes you can make that freak people out and convince them theyve lost all their coins, when in fact its fine. Im thinking of derivation paths and 25th words here.....
Interesting can you explain the setup for this and wallets you may need ?
Apologies for the late response! So i used to use a raspberry pi, but any old laptop will do. Install ubuntu on a lappy or raspbian on a pi (use official sites for downloading and check the sigs). Then download electrum wallet (once again official sites and check Tomas V's Signature). After this, disable the wifi and never ever connect it to the internet again. Now generate a wallet on your offline pi/lappy write down the seed words AND take down the master public key (xpub or zpub). On an online computer (your regular desktop), download electrum and import the master public key (Not the seed!) so you now have a 'watch only wallet' on your dekstop. Now obviously sending coins to the wallet us easy, just open up the watch only wallet and grab an address to send it to. Spending from the wallet is slightly harder. You need to boot up the pi/lappy, sign a transaction, save it to a fresh usb, then use your desktop to broadcast the tx in your watch only wallet.
Bit of a fuck about, but it was the method i used before i had a hardware wallet. Eventually i bought a trezor to make my life easier!