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Storing Bitcoin
0 sats \ 5 comments \ @Bitcoinfreedom 31 Aug 2023 bitcoin
In terms of security and privacy which the best way to secure bitcoin Using an old laptop with hot wallet as cold storage () for bitcoin or using hot wallet like sparrow and connect it to the bitcoin core node
Please your thoughts on this
Note: l can't buy a hardware wallet device and l am not techy guy who can build my own wallet
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0 sats \ 1 reply \ @BitcoinIsTheFuture 1 Sep 2023
Cold storage, self custody, start with multi sig if you need help don’t feel comfortable. I use Unchained Capital. I sleep like a baby holding my own keys and holding true Bitcoin, not just numbers on a screen and IOU Bitcoin on an exchange
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0 sats \ 0 replies \ @Bitcoinfreedom OP 1 Sep 2023
I said l can't have a cold device because there are no supplier in my country
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0 sats \ 2 replies \ @npub1freed0m 31 Aug 2023
Honestly, it sounds like you are best served by a custodial lightning solution. I would not worry about storing funds on-chain if you are concerned about the cost of a dedicated hardware device. During busy periods, a hardware device is easily less than the cost of a few on-chain transactions.
Try Wallet of Satoshi, Blink, or Phoenix
Once you have stacked over $500 of BTC, I would then recommend spending some sats on that hardware wallet device, moving half to cold storage, and securing your seed offline.
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0 sats \ 1 reply \ @Bitcoinfreedom OP 1 Sep 2023
I think l didn't make myself clear. My question was which better secure way to store bitcoin given my two options referred in my question
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0 sats \ 0 replies \ @npub1freed0m 2 Sep 2023
your question wasn't clear, but if you're not a techy guy I would say don't do either of them.
get a hardware wallet.
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