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80 sats \ 1 reply \ @peterzion 25 Jan 2023 \ on: Storing and inheriting Bitcoin. bitcoin
What if we can't afford cold storages?How do we prove we own Bitcoin?Are hotwallets not enough to prove Bitcoin Ownership?
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10 sats \ 0 replies \ @CarlBMenger OP 25 Jan 2023
Got you. Yea hardware wallets are not cheap indeed. As described in the article: Hot-Wallets bear the risk of getting hacked bc they are directly connected to the internet.
IMO it’s a balance on how much Bitcoin you own. If your stack amounts to let’s say $500 you won’t buy a hardware-wallet that costs $100. However, if your Bitcoin amount is worth >$1.000 I would start investing in a hardware-wallet. Especially if you are hodling Bitcoin for the long run bc your stack measured in dollar can grow substantially over time.
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