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Thank you! What's the best cold storage option?

I don't know about today. I have a #Trezor model T that I bought long before these other devices existed.

I'm still very pleased with it. It's very powerful yet simple to use. In my opinion you must use a high entropy #passphrase or password with it. Since it doesn't have a so-called secure element.

But I don't trust secure elements. I would rather rely on open source strong encryption lol. It works really well with the popular #Sparrow and #Electrum desktop wallets.

I create and store my high entropy passphrase in a highly optimized and hardened online #Keepass vault. I do Not store my seed backup online Ever!

I use a #master password and a #keyfile for #Keepass with #keepass2android and with other Keepass clients. I do Not store my keyfile online with my keepass vault.

It only takes seconds to access my passphrase from any device. And I can use my Trezor as a hot wallet if I want. With fake and dummy accounts. I can even incorporate it into a multi-sig setup.

This is a lot to digest. So take your time. All the best..🧡😊

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Discussion

Diyana 1y ago

Oh my gosh, yeah this is a lotttt to digest... I will take my time 😅 thank you, for sharing all that great information on your practices and helping me be aware of these processes.

RealJohnDoe 1y ago

Good, glad to help. It may be a bit advanced. I'm never a good judge of that. It's an illness lol.

Many people won't share what they do. Because they're not really sure about what they're doing. That's understandable.

The beauty of Bitcoin is that you can make it as secure as you want or feel you need to. According to your so-called threat level.

But don't lock yourself out. Because no one will Ever! be able to crack your passphrase, password, keyfile, seed phrase etc..🫂🧡😊