0 sats \ 0 replies \ @cryptofolyo OP 1 Feb \ parent \ on: using BIP 39 seed phrase for bitcoin is riskier or not? bitcoin
- electrum need to be used only at the spending time
- the method described above the public key and the private key is generated offline
- whatever amount of bitcoin is kept in this account the private key never got connected with internet - it is only in the form of a printed paper
- private key is exposed to internet only when it needs to be spent
- useful to store higher value of bitcoin for a longer time span - for regular use other methods may be best