If you're creating & using multiple #Bitcoin, lightning β‘, #crypto mobile/software wallets, dapps, browser extensions etc, here's a more secure option ππΌ
Buckle in π§΅
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Buckle in π§΅
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A useful tool to secure & manage multiple seeds is BIP85
BIP85 is a repeatable way to generate entropy for other wallets: one seed back-up to rule them all (my precious π)
More at bip85.com
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BIP85 is a repeatable way to generate entropy for other wallets: one seed back-up to rule them all (my precious π)
More at bip85.com
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w/ BIP85 u can create & ultra-securely back up a master seed & then use that to derive 1000s of mnemonic seeds that you can import to mobile/software wallets (Bitcoin, but yes even alts)
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The derived seeds BENEFIT from ALL the security u throw at your master seed backup: metal plate, geographic distribution, seed XOR, redundancies etc
The best part: this is a 1-way operation; even if a derived seed is compromised, the master isn't (ie ur longterm HODL BTC) ππΌ
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The best part: this is a 1-way operation; even if a derived seed is compromised, the master isn't (ie ur longterm HODL BTC) ππΌ
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BIP85 generates diff seed types: 12,18,24 words, WIF, XPRIV, 32/64bytes hex
Options mean u can import seeds into dapp/browser/DeFi/NFT/ lightning & even other hardware wallets
so degen away, be #reckless β‘; I fundamentally just want y'all to be your best selves & max secure
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Options mean u can import seeds into dapp/browser/DeFi/NFT/ lightning & even other hardware wallets
so degen away, be #reckless β‘; I fundamentally just want y'all to be your best selves & max secure
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Besides hot wallets, you can also use BIP85 to:
πΈοΈCreate wallets for family/friends that aren't ready to fully self custody yet (kids, older folks)
πΈοΈSimplify key management at your org (eg create separate mnemonics for diff depts)
πΈοΈBetter manage your degen experiments
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πΈοΈCreate wallets for family/friends that aren't ready to fully self custody yet (kids, older folks)
πΈοΈSimplify key management at your org (eg create separate mnemonics for diff depts)
πΈοΈBetter manage your degen experiments
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You can implement BIP85 w/ the @COLDCARDwallet (we want u to be secure π§‘)
coldcard.com/docs/bip85
So generate ur secure master seed w/ a COLDCARD, then import ur BIP85 derived seeds into mobile, software or even other hardware wallets! Huzzah ππΌ
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coldcard.com/docs/bip85
So generate ur secure master seed w/ a COLDCARD, then import ur BIP85 derived seeds into mobile, software or even other hardware wallets! Huzzah ππΌ
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π¨ Two important things to keep in mind when using BIP85:
1. Different wallets have diff derivation paths
2. It's not always enough to only back up your seed phrase
ππΌ
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1. Different wallets have diff derivation paths
2. It's not always enough to only back up your seed phrase
ππΌ
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If u import a BIP85 derived mnemonic seed & use a hard/software wallet for a coin, don't assume you can THEN take that seed to ANOTHER wallet
Not all wallets use same standards for derivation paths & you may not see your assets (they're still there, just diff derivation path)
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Not all wallets use same standards for derivation paths & you may not see your assets (they're still there, just diff derivation path)
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It's good practice to record the BIP85 account number & also if you used 12, 18, 24 words so you can recreate the secret if you ever need to recover it (even if wallet defaults change over time)
PS this is a useful site for historic wallet recoveries walletsrecovery.org
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PS this is a useful site for historic wallet recoveries walletsrecovery.org
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so what I'm getting at guys is... pls don't log into dapps w/ your seed phrase & back up it up to Google - there's better options!
*cough*
Stay safe & stay secure! π
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*cough*
https://twitter.com/nadertheory/status/1480360261982715905?t=rA_GERDJDIJXI_U1DEDOAg&s=19
Stay safe & stay secure! π
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