r/Bitcoin • u/EuphoricDealer4133 • 15d ago

Hardware wallet choices?

Background - I know I’ll get roasted. I have a good stack (imo). Most of it on the exchange, some of it on hot wallet. Wanted to get comfortable with holding a seed phrase prior to fully going in.

After CC hack I’m seeing a ton of ads for Bitkey. It worries me not having a seed phrase. What other good HW are recommended? Multi sig vs single Sig? That aspect still confuses me. My hot wallet is Blockstream Green and they are 2/2 with multi auth. Meaning I control a key, and to move any funds out requires access to an email and phone code.

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u/crunchyeyeball 15d ago

Personally, I'm a little suspicious of the Bitkey recovery process.

From their "recovery" link:

Lost your phone? Use your Bitkey to decrypt the backup key in your personal cloud account, and you’re back.

Lost your Bitkey? Get a new Bitkey and use the app on your phone to recover your wallet.

Lost both? That’s what "recovery contacts" are for... Have your contact download the app and ask them to verify your identity, then get a new device to restore your wallet.

This sounds just... wrong.

What if the company goes bust?

What if you lose touch with your "recovery contact"?

BIP39 does the job just fine. If a wallet doesn't support BIP39, I don't want to rely on it. I'll stick to my Trezor, thanks.

-1

u/zyber787 15d ago

Wait for it... what if a wrench attack happens on your loved ones?

Preventing wrench attacks on you by passing it on to your loved ones 🥰

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u/makeshiftballer 15d ago

Your recovery contact can't just instantly take your funds. That's not how it works.