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0 sats \ 2 replies \ @watchmancbiz 29 Apr \ parent \ on: Something about Bitcoin that scares me security
How do you feel bout Exodus for a warm / budget friendly wallet? the only one I can afford and also works with me right now? Is this a safe alternative to keeping HOT?
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0 sats \ 1 reply \ @watchmancbiz 29 Apr
Or is this actually considered 'cold'?
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15 sats \ 0 replies \ @Arceris 29 Apr
I've not used Exodus, but if it's on your phone, it's not cold. If you want a budget friendly solution, you can't beat free - sparrow and paper.
There are downsides to every setup, and the basic idea is to match the level of protection with the risk. Spending 300,000 sats on a nice Coldcard Q1 is perhaps excessive to protect 15,000 sats, but is cheap to protect 150M sats.
I keep an amount of sats in a phone wallet (kinda - I use zeus which connects to my self-custody node, but it's fully accessible on my phone), for ease of spending. But I also know that if my phone were to be stolen, those sats might be at some risk of loss.
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