Thread by @COLDCARDwallet

Keep it simple stupid! #KISS

don't screw yourself out of your #BTC due to complexity

https://twitter.com/BTCSLUT/status/1536383967514984448?s=20&t=JIkkDkCYb2C-bGq8o18PJg

1 of 21

Learn the 10 commendments of self custody: bitcointencommandments.com

2 of 21

Listen to this episode of @stephanlivera's podcast that covers the basics of #Bitcoin security: stephanlivera.com/episode/290/

3 of 21

@stephanlivera Get a new #COLDCARD directly from the manufacturer @Coinkite store.coinkite.com/store/category…

4 of 21

@stephanlivera @Coinkite Learn how to quickly set up your #COLDCARD: coldcardwallet.com/docs/quick

5 of 21

@stephanlivera @Coinkite Get a @bitcoinbackup metal SEEDPLATE: bitcoinmetalbackup.com

6 of 21

@stephanlivera @Coinkite @bitcoinbackup Watch this YoutTube tutorial on how to use @bitcoinbackup:

7 of 21

@stephanlivera @Coinkite @bitcoinbackup Use #SeedXOR if you want to split your backup in two easy steps: seedxor.com

8 of 21

@stephanlivera @Coinkite @bitcoinbackup If you do, make at least 2 more extra encrypted backups and store them in geographically separated locations

here's how to setup an encrypted MicroSD backup: coldcardwallet.com/docs/backups

9 of 21

@stephanlivera @Coinkite @bitcoinbackup Optionally, learn how to use a passphrase and add to it a '25th word'



10 of 21

@stephanlivera @Coinkite @bitcoinbackup Make sure that if you use a passphrase, you have a minimum of one @bitcoinbackup of the passphrase too: coldcardwallet.com/docs/backups

11 of 21

@stephanlivera @Coinkite @bitcoinbackup Test everything!

12 of 21

@stephanlivera @Coinkite @bitcoinbackup Choose a software wallet:

1. @SparrowWallet (Mac/PC/Linux) sparrowwallet.com

2. @FullyNoded (iOS/Mac) fullynoded.app

3. @SpecterWallet (Mac/PC/Linux)

13 of 21

@stephanlivera @Coinkite @bitcoinbackup @SparrowWallet @FullyNoded @SpecterWallet 4. @ElectrumWallet (Mac/PC/Linux)

5. @bluewalletio (iOS/Mac)

14 of 21

@stephanlivera @Coinkite @bitcoinbackup @SparrowWallet @FullyNoded @SpecterWallet @ElectrumWallet @bluewalletio Bonus: keep a backup of the last known working version of the software wallet you chose

Could come in handy in case the wallet becomes abandon-ware and/or you no longer around to help the stakeholders

walletsrecovery.org

15 of 21

@stephanlivera @Coinkite @bitcoinbackup @SparrowWallet @FullyNoded @SpecterWallet @ElectrumWallet @bluewalletio Test a small amount, both deposit and spend

And make sure to test backup recovery before depositing real money!

16 of 21

@stephanlivera @Coinkite @bitcoinbackup @SparrowWallet @FullyNoded @SpecterWallet @ElectrumWallet @bluewalletio Keep learning, lots of videos here: bitcoinvideotutorials.com

17 of 21

@stephanlivera @Coinkite @bitcoinbackup @SparrowWallet @FullyNoded @SpecterWallet @ElectrumWallet @bluewalletio and great #podcasts: bitcoinpodcasts.org

18 of 21

@stephanlivera @Coinkite @bitcoinbackup @SparrowWallet @FullyNoded @SpecterWallet @ElectrumWallet @bluewalletio Check out this step-by-step guide on how to setup a whole #bitcoin self-custody solution by @ODELL mattodell.keybase.pub/coldcard.html

19 of 21

@stephanlivera @Coinkite @bitcoinbackup @SparrowWallet @FullyNoded @SpecterWallet @ElectrumWallet @bluewalletio @ODELL As you acquire more knowledge you can increase the security and complexity of your setup based on your need

20 of 21

Who else is new to self custody?