1/ Part of the reason the 'hodl' philosophy came about was because we have learned not to trust exchanges. Trading requires trusting a third party, holding long term doesn't. Decentralized exchanges will help, but connections to fiat will always come with third party risk.
2/ Store your keys yourself. Hardware wallets are best for most, they make it really easy, are very secure, & support all the top chains. I recommend @TREZOR or @LedgerHQ.
Also, tails.boum.org built-in electrum is great tool for storing $btc.
Also, tails.boum.org built-in electrum is great tool for storing $btc.
3/ Simple guide for using tails.boum.org for $btc cold storage:
1. Download tails, install to usb
2. Disconnect computer from internet
3. Boot from tails, launch electrum
4. Write down seed on paper
5. Send $BTC to wallet address
6. Unplug USB
7. Destroy computer
1. Download tails, install to usb
2. Disconnect computer from internet
3. Boot from tails, launch electrum
4. Write down seed on paper
5. Send $BTC to wallet address
6. Unplug USB
7. Destroy computer
4/ You probably don't have to destroy the computer, depends how paranoid you want to be, tails is supposed to erase all info when you pull the usb out.
Bitcoin & cryptocurrency security is all about the trade-off between security and convenience. Use multiple methods.
Bitcoin & cryptocurrency security is all about the trade-off between security and convenience. Use multiple methods.
