MultiversX Tracker is Live!

"Free" Self-custody solution

Bitcoin Reddit

More / Bitcoin Reddit 140 Views

I'm new to bitcoin and I don't own much yet but I'm fully orange pilled.

I've been thinkering about the best "free" self-custody solution as it doesn't make sense to buy a coldcard to protect a relatively low amount of bitcoin.

I intend to keep it simple as the last thing I want to do is rugging myself with an over complicated custody system.

Right now this is my plan:

  1. Generate a 12 words seed on a newly wiped offline device from bluewallet app in a secured folder (Memorize and write down the words - give a copy of the words to a trusted party)

  2. Export xPub to my everyday phone to setup a watch only wallet.

  3. Use my offline device to sign transactions if I want to spend or transfer sats.

I really feel this setup is safe even for larger amounts. Am I missing something?

submitted by /u/RepresentativeOil551
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments