How to secure your #Bitcoin through generations?
Eliminating single point of failures with multisigs and collaborative custody, of course.
What is collaborative custody?
Simply put, you don’t hold all the keys to your BTC.
Multiple keys are needed to access funds (e.g. you hold 2 and the company 1, and 2 keys are needed to move funds).
Companies like Nunchuk offer key management with an inheritance plan and no KYC requirement.
Unchained Capital targets corporations and mandates KYC.
Casa is another option, although it’s not Bitcoin-only anymore, which might increase its attack vector.
Swan has also recently launched its own collaborative custody solution.
By using collaborative custody solutions to store your Bitcoin, you eliminate single points of failure.
Even if any of these companies disappeared, you could still access your BTC.
teemupleb
npub15v…cfzg7
2023-10-17 01:52:10
Author Public Key
npub15vxdlmhftkh452a06vnr3mmks2dy8hqejeuxuv6sgy5rgtf0jllsccfzg7Published at
2023-10-17 01:52:10Event JSON
{
"id": "1339310ffa60b445909e3f8a442be77c96a2ad2df7d01022ceab82f0d6a8f624",
"pubkey": "a30cdfeee95daf5a2bafd32638ef76829a43dc1996786e33504128342d2f97ff",
"created_at": 1697500330,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
]
],
"content": "How to secure your #Bitcoin through generations?\n\nEliminating single point of failures with multisigs and collaborative custody, of course.\n\nWhat is collaborative custody?\n\nSimply put, you don’t hold all the keys to your BTC.\n\nMultiple keys are needed to access funds (e.g. you hold 2 and the company 1, and 2 keys are needed to move funds).\n\nCompanies like Nunchuk offer key management with an inheritance plan and no KYC requirement.\n\nUnchained Capital targets corporations and mandates KYC.\n\nCasa is another option, although it’s not Bitcoin-only anymore, which might increase its attack vector. \n\nSwan has also recently launched its own collaborative custody solution.\n\nBy using collaborative custody solutions to store your Bitcoin, you eliminate single points of failure.\n\nEven if any of these companies disappeared, you could still access your BTC.",
"sig": "f5c00ec51944da60d30d9444f0fcf38a188bfb4f9fcd66a8df3feca1c41eb00e56e2c505d9fdf37f92e3604ea5a6a15d5ed7e20146351f06fe7c143b30539a0d"
}