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2023-06-08 17:36:58

bostonwine on Nostr: Okay #plebchain I need some ideas I just learned recently that a friend of mine has a ...

Okay #plebchain I need some ideas

I just learned recently that a friend of mine has a not-insignificant amount of Bitcoin on Coinbase, but we haven’t had time to have the self custody talk (other than a brief exchange of texts this week).

I want him to get those sats somewhere safer. Perhaps in less time than it would take for a beginner-friendly hardware wallet to arrive. I also won’t be available to sit down with him and walk him through setup for at least a couple of weeks.

Options:

- Desktop wallet. Hot, so some risk, and still requires a beginner to dive in and take on a very new responsibility of key management, without time to do it thoughtfully

- Transfer to a different custody service. Obvious counterparty risk, but with customer support and onboarding. And if it’s someone like Casa or Unchained, then there’s the added bonus of early exposure to multi-sig

- Other ideas?

You never know when a centralized exchange will implode and I’d like to spare him from the experience either way…
Author Public Key
npub14qz92uedt0a8jte8jqg63jr3s5cc99cej36jh883z6tprlu354uqqe2q26