How you niggas store your bitcoin?

seedless

wtf is a seedless bitcoin wallet?

its where jews hold it for you

I have $6 in BTC

I bought a 5 pack of trezor wallets and use them all
t. paranoid

So why is he saying thats safer?

I guess its safer for boomers. Ive tried explaining how to use a hardware wallet to my boomer parents and they dont really understand it even when i go over it dozens of times

redpill me on bitkey

it's 2 of 3 multisig

The Bitkey wallet has three keys:

A mobile key stored on the user’s phone

A hardware key stored on the Bitkey hardware device

A third key is maintained by Block on their servers

To move funds or take any security-related actions, two out of these three keys are required.

This means the user controls two of the three keys (the mobile key and the hardware key), while Block controls the third key.

The user’s two keys can be used independently to approve transactions up to a pre-configured spending limit. For transactions above that limit, the user needs to use both their mobile and hardware keys.

If the user loses access to one of their two keys (e.g. their phone or the Bitkey hardware device), they can still recover access to their funds by working with Block to use the third key. This is facilitated through Bitkey’s recovery features like Cloud Backup, Delay and Notify, and Social Recovery.

Ive tried explaining how to use a hardware wallet to my boomer parents and they dont really understand it even when i go over it dozens of times

its a cryptographic computer condom

transaction requires you to sign

you click the button on this "pen" and it sings to contract

by using the device, no one sees exactly how you do your signature to prevent forgery

sings to contract

signs the*

Interesting, I was looking at Liana as well, it seems better since it doesn't rely on the Block server.

uh oh

In a tax-free retirement account. No one is getting to that shit.

I keep them in the exchange because idgaf

After the coinbase shit you really shouldn't have KYC tied to your wallet sitting on a server.

I used to have this attitude. I had 7 figures worth of crypto sitting in Bittrex and Gemini because my passwords and 2FA are so secure. But I had a wakeup call when FTX suddenly shut down. I sleep better at night with my imaginary money in a Ledger.

A bank account.

2 of 3 multi sig

2 of the 3 keys are on Block infrastructure

How convenient lol

Can be recovered through cloud backup

Trash

The idea is good but the third key must be on hosted on some decentralized solution

seedphrase on bilfodl
seedsigner for retrieval and operations
both stored in a 300kg mechanical combination safe bolted in a secret crawlspace in my house
I run a bitcoin node in my house that I use to check my bitcoin without giving data to chainalisys
about $10k on a lightning node I run emergency liquidity

wallet.dat file which has been encrypted with AES256 using GPG, backed up on several physical disks in separate geographical locations, the disks themselves are encrypted using LUKS with a different high entropy password

I'm guessing that he's referring to generating a private key using Bitcoin Core.
Instead of your OS using a cryptographically secure pseudorandom number generator to choose words from a list, it will instead choose random bytes to generate the key.
Theoretically, both will have the same amount of entropy. A Bitcoin private key has a key length of 256 bits. Each word in a seedphrase is chosen from a list of 2048 words, which is 2^11 choices, 24 of these is 2^(11*24) = 2^264 which is the same amount of entropy as a 256 bit key generated using your operating systems syscall to a secure cryptographically secure random number generator. Actually after typing this I'm not sure why he thinks it's more secure now lol.

NM he's referring to a multisig product where a company owns one of the private keys

It cant be that. The OG bitcoin core method of generating your private key is literally a hot wallet.

Smart

do people actually do this ?

Hardware wallet

i tattoed em on my foreskin

bluewallet on my iphone

First of all, I am not a "nigga", so watch your mouth.
Secondly, none of your fucking business.
Thirdly,

I have 60k USDC in a phantom wallet i have not even the seed backed up to kek

I have a Ledger Nano S Plus from Amazon and a Trezor One from Trezor's site. I'm using the Ledger Nano S Plus as a bridge wallet in-between Coinbase and the Trezor One.

Did I do anything wrong?

I can electrocute a boner ez, funds no safu

No, you won’t have any problems, especially if it’s from and to the same CEX