humblebitcoiner on Nostr: If you’re not already holding your keys in a hardware wallet, you should look into ...
If you’re not already holding your keys in a hardware wallet, you should look into them. I like the Coldcard and the Blockstream Jade. They just give you the seed phrase that represents your private key, not the actual string of binary.
These are considered more secure than storing bitcoin on an app on your phone/computer because your keys are never exposed to the internet, where they are vulnerable to malicious attacks.
The idea is that your keys are generated offline and are never on a device that is connected to the internet. Paranoid Bitcoiners, myself included, consider any key exposed to any device with internet capabilities to be compromised.
The BIP-39 wordlist can be found here:
https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt
You could convert your private key to a seed phrase using this list.
-take your private key 11 bits at a time
-convert it to base 10
- find the index in the list (00000000000 would correspond to “abandon”)
-repeat for your 24 words
** I just let my hardware wallet generate the seed phrase for me though.
For secure storage of your seed phrase, a metal plate is probably safest.
Hope this helps!
These are considered more secure than storing bitcoin on an app on your phone/computer because your keys are never exposed to the internet, where they are vulnerable to malicious attacks.
The idea is that your keys are generated offline and are never on a device that is connected to the internet. Paranoid Bitcoiners, myself included, consider any key exposed to any device with internet capabilities to be compromised.
The BIP-39 wordlist can be found here:
https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt
You could convert your private key to a seed phrase using this list.
-take your private key 11 bits at a time
-convert it to base 10
- find the index in the list (00000000000 would correspond to “abandon”)
-repeat for your 24 words
** I just let my hardware wallet generate the seed phrase for me though.
For secure storage of your seed phrase, a metal plate is probably safest.
Hope this helps!