Understanding Self-Custody
Self-custody is a fundamental principle of Bitcoin that puts you in complete control of your funds. Understanding proper custody practices is essential for securing your bitcoin investment.
Essential Steps for Bitcoin Custody
1. Choose the Right Wallet
Start with a reputable Bitcoin wallet. We recommend:
- Mobile: BlueWallet or Muun
- Desktop: Electrum
- Hardware: Coldcard or Trezor
2. Secure Your Seed Phrase
Your seed phrase is the master key to your bitcoin:
- Write it down physically - never digitally
- Store in multiple secure locations
- Never share it with anyone
3. Implement Security Best Practices
- Use strong passwords
- Enable 2-factor authentication
- Keep software updated
- Use hardware wallets for large amounts
Additional Security Considerations
- • Never keep significant amounts on exchanges
- • Consider using multisig for large holdings
- • Test recovery procedures regularly
- • Have a clear inheritance plan