15 sats \ 7 replies \ @CoSatoshi 26 Apr \ on: Something about Bitcoin that scares me security
It's a 3-tiered solution:
- Wallet: a hot wallet on your phone/device where you keep your 'spending' BTC (ie; CashApp, Strike)
- Safe: Single sig cold wallet where you store your longer term coins (ie; Jade, ColdCard, Seed Signer, + Sparrow)
- Vault: Multi sig cold wallet where you store you long-long term coins (ie; Unchained)
If this is your setup, just like the scenario you proposed, a blunt-force attack can only realistically steal what's in your 'wallet.' Additionally, you can setup your 'safe' and 'vault' with passphrases and decoy accounts just to be extra cautious.
How do you feel about Exodus wallet? it's the only "warm" I guess you would call it, that I can afford and works for me right now.
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Personally, I don't eff with wallets that utilize anything other than Bitcoin. This is because of the additional attack vectors created from having multiple chains associated with a single device/wallet. Also, if it's not Bitcoin it's a sh*tcoin (in my opinion), so stick with the maxis.
If you're looking for a good hot wallet, just use Strike or CashApp. Strike edges out with the low cost of buying BTC, but CashApp has greater functionality as a bank. Then when you're ready for a cold storage custody wallet, use the Blockstream Jade. It's the best option for the lowest price ($70-80ish). Can't beat that.
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Or is this actually considered "cold"?
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If it's not cold, it's hot. The only way to be cold in any sense to be completely offline: no screens, no cables, no keyboard, no internet, no computer, no camera, period.
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from my understanding, "warm vs hot" (both may be connected to net), however the difference is that the "warm" is a stand alone app of some sort & Not An Exchange! I don't claim to know everything, but this makes sense to me. You can research many articles on the topic, and a "warm" version is often listed as an option!
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there is such thing as "warm"
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