117K views · Jul 25, 2017 · 9:48 · 2 HN recommenders · 3 mentions · discussed 2017–2018
Andreas Antonopoulos answers a question about how to secure your Bitcoin. He covers holding your own keys, backing up the 12 to 24 word seed phrase, and the tradeoffs of custodial accounts, phone wallets and hardware wallets.
Why Hacker News points people here: HN recommends it as a clear explanation of self-custody and of why to move coins off exchanges.
“Here's a talk by the venerable Andreas Antonopoulos on this subject”HN comment, 2017
“Here's a talk by the venerable Andreas Antonopoulos on this subject”
Antonopoulos on moving coins off exchanges
Please make sure you take your coins off of Coinbase (or any other exchange) as soon as you can. Here's a talk by the venerable Andreas Antonopoulos on this subject: this video
“The full seminar is worth watching as well”
Full seminar on securing bitcoin
Obligatory matching advice: link The full seminar is worth watching as well: “How do I secure my bitcoin?” — Andreas Antonopoulos this video
“Not holding the keys for my own coins is not an option”
Explains why to hold your own keys
Didn't have a multisig BTC wallet before (created one in the past, but deleted it months ago) and I don't seem to be able to add another multisig wallet - only those multi-email-confirmation-required wallets. Not holding the keys for my own coins is not an option (see this video for why), but at least there are alternatives such as Ledger hardware wallets.
