News about Cold Storage

More / Bitcoin Reddit - 2 years ago

Cold Storage failsafe

If I were to hold bitcoin in cold storage for someone, but was worried about what happens if something happens to me, what can I do? My thoughts so far are: Make a 2-of-3 multisig wallet. I hold all three, give one to the owner of the coins, one to...

More / Bitcoin Reddit - 2 years ago

I have no plans to transfer to cold storage

Unpopular opinion. Personally, I’d rather lend out my BTC and pick up 6% compounded returns, so I can get more BTC. It’s a “free” DCA. Yeah, I get it. “Not your keys not your coins.” For me, the risk that the company I lend to goes belly up is low en...

More / Bitcoin Reddit - 2 years ago

Questions about cold storage

What exactly is cold storage? Is it a wallet not connected to the internet?. I assume then that any mobile wallet is not considered cold storage. Can a desktop wallet be used for cold storage? The whole point here is to maximize security of the funds...

More / Bitcoin Reddit - 2 years ago

Hardware Wallet or Platform Cold Storage?

Why do people on this subreddit think that having a hardware wallet is the best way to store your bitcoin? I don't know that I would trust my judgement with remembering some keys or passwords on a hardware wallet. It's also possible that I wo...

More / Bitcoin Reddit - 2 years ago

I want to start using cold storage

I've been looking into putting my coins into cold storage, and I'm not sure what my best option. I like the they way that the Ellipal Titan seems to work, but I really have no clue what the best option is. Any advice would be appreciated. &#...