Niko on Nostr: BitKey’s social recovery feature offers a nice solution for backing up your private ...
BitKey’s social recovery feature offers a nice solution for backing up your private keys in a Multisig wallet.
If you’re not a Bitkey customer, you could recreate a similar setup using something like PGP. Simply encrypt the private keys locally using a friend’s public key, and upload it to your preferred cloud storage. That way, if you ever lose access to your private keys locally (Think natural disaster) you could decrypt the version you stored in the cloud using their private keys.
I’d also recommend not having all your private keys encrypted by the same trusted contact. Has anyone tried this?
https://bitkey.build/content/files/2023/11/Bitkey-Recovery-Features.pdf
If you’re not a Bitkey customer, you could recreate a similar setup using something like PGP. Simply encrypt the private keys locally using a friend’s public key, and upload it to your preferred cloud storage. That way, if you ever lose access to your private keys locally (Think natural disaster) you could decrypt the version you stored in the cloud using their private keys.
I’d also recommend not having all your private keys encrypted by the same trusted contact. Has anyone tried this?
https://bitkey.build/content/files/2023/11/Bitkey-Recovery-Features.pdf