"Whatever your setup is for storing the majority of your bitcoin - be it hot or cold, online or offline, software or hardware - if you can access and spend it in a matter of minutes, so can a robber armed with a $5 wrench.

The price  for convenience is risk. This is not merely a theoretical scenario; I have cataloged over 50 physical attacks against bitcoin users, including myself!" -- Jameson Lopp

Bitcoin holders face a unique security challenge: protecting their assets from physical threats, including the infamous "$5 wrench attack."

This comprehensive guide, inspired by Jameson Lopp's work, outlines practical strategies for safeguarding cryptocurrencies against coercion and theft.

The article emphasizes the importance of privacy, multi-signature setups, and geographic distribution of keys as foundational elements of a robust security plan.

It explores various tactics, from basic precautions like maintaining a low profile to more advanced measures such as creating decoy wallets and implementing duress passwords.

The guide also delves into the concept of "plausible deniability" and discusses the potential benefits of holding cryptocurrencies through corporate structures.

By adopting a multi-layered approach to security, Bitcoin owners can significantly reduce their vulnerability to physical attacks and ensure the long-term safety of their digital assets.

Here is the original article:

How to protect your bitcoin from $5 wrench attacks
https://blog.casa.io/how-to-protect-your-bitcoin-from-5-wrench-attacks/