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Bitcoin Q&A: How Do I Secure My Bitcoin?
About this video
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 it appears in the archive
HN recommends it as a clear explanation of self-custody and of why to move coins off exchanges.
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From the Hacker News discussion
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: [VIDEO]
Read original comment ↗Obligatory matching advice: [LINK] The full seminar is worth watching as well: “How do I secure my bitcoin?” — Andreas Antonopoulos [VIDEO]
Read original comment ↗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 [VIDEO] for why), but at least there are alternatives such as Ledger hardware wallets.
Read original comment ↗