Oddbean new post about | logout
 Very similar to ZBD.

I’m a Wallet of Satoshi user - they provide a great payments experience and I use a custom address to receive zaps when I’m offline.

But they hold your keys. You are trusting them with your Bitcoin, and they can rug you at any time. It’s not your wallet, it’s an account which is managed by a company (WOS). I’ve seen a lot of people onboard new users with Wallet of Satoshi, and it’s very frustrating. Until you understand the risks involved with a custodian, you need to be learning the fundamentals of Bitcoin wallet management and safe seed storage. To gloss over that and pretend a custodian is a wallet is a huge mistake in my opinion. It will lead to way more rug pulls in the future.