Oddbean new post about login | logout Self custody isn’t hard. Why do I keep hearing this line in articles I read about #Bitcoin?
I'm an older dude. I explain self custody like raising children. Always watching over them and their security. Keeping tabs on them making sure they don't get involved in questionable relationships. Verify I have access to and can rescue them/us if ever needed. Dont brag too much about them. Keep the means to protect them 24/7. Have a plan should I go first, someone I choose can pick up where I left off. Not hard but a lot of work. It's worth it. Parenting and self custodied #bitcoin!
Never thought about it like that! I like the analogy!! Well done sir 🤝
Any recommendations on resources to get started?
You tube is where I started and multisig is where I am at present. I am pretty curious and naturally wanted to try multiple cold and hot wallets. I am keeping it rather simple these days and feel quite secure with multi sig that Casa or Unchained provides.
Here is some solid advice in this article https://bitcoinmagazine.com/sponsored/the-dos-and-donts-of-bitcoin-self-custody Casa wallet is pretty good for beginners, you can even upgrade to their multisig solution in the future once you are comfortable with self custody https://casa.io/learn-more/self-custody Unchained also has good content on this https://unchained.com/features/singlesig-vs-multisig