jimbocoin on Nostr: #Bitcoin key security levels: Level 0: Not your keys. Level 1: Hot wallet (keys on ...
#Bitcoin key security levels:
Level 0: Not your keys.
Level 1: Hot wallet (keys on online device).
Level 2: Single-sig cold wallet (keys on eternally quarantined hardware)
Level 3: Single-sig cold wallet w/ passphrase
Level 4: Multisig
Level 5: Multi-vendor multisig
Level 6: Multi-vendor multisig w/ passphrases
Level 7: Multi-vendor multisig w/ passphrases, geographically distributed
Each level increases your security against particular vulnerabilities, but complicates your setup. Find the highest level you can confidently operate.
Level 0: Not your keys.
Level 1: Hot wallet (keys on online device).
Level 2: Single-sig cold wallet (keys on eternally quarantined hardware)
Level 3: Single-sig cold wallet w/ passphrase
Level 4: Multisig
Level 5: Multi-vendor multisig
Level 6: Multi-vendor multisig w/ passphrases
Level 7: Multi-vendor multisig w/ passphrases, geographically distributed
Each level increases your security against particular vulnerabilities, but complicates your setup. Find the highest level you can confidently operate.