The truth is it would be ideal as a bitcoiner to recommend leaving in Coinbase. For true digital asset sovereignty, the best bet is a true multisig setup. That's also not trivial, unfortunately. I'd say the learning curve is worth it, but it's an undertaking you don't want to dive into unless you have some time on your hands. It will be good for your knowledge of how the technology works, though.
The next step down is something like Unchained, where they help, walkthrough, explain, and hold one key for you in the event of a disaster.
Then the next step down is what you are doing, and the truth is, if they lose your money, they also lose Blackrocks, so we probably have much bigger issues.
That being said, you don't want to be in a scenario where you want to send, but your counterparty doesn't let you (for whatever political or administrative reason), so in that sense, some type of self-custody is the way to go. For a newbie, I'd recommend the Unchained direction.
cwilbzz / Cory Wilbur
npub1dp…raun7
2024-09-16 23:31:34
in reply to nevent1q…lzpy
Author Public Key
npub1dpca3hcdgfdzkplvmsc28dfllth3fkddy4elc92zd9xk2j5njmqsxraun7Published at
2024-09-16 23:31:34Event JSON
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"kind": 1,
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"content": "The truth is it would be ideal as a bitcoiner to recommend leaving in Coinbase. For true digital asset sovereignty, the best bet is a true multisig setup. That's also not trivial, unfortunately. I'd say the learning curve is worth it, but it's an undertaking you don't want to dive into unless you have some time on your hands. It will be good for your knowledge of how the technology works, though. \n\nThe next step down is something like Unchained, where they help, walkthrough, explain, and hold one key for you in the event of a disaster. \n\nThen the next step down is what you are doing, and the truth is, if they lose your money, they also lose Blackrocks, so we probably have much bigger issues. \n\nThat being said, you don't want to be in a scenario where you want to send, but your counterparty doesn't let you (for whatever political or administrative reason), so in that sense, some type of self-custody is the way to go. For a newbie, I'd recommend the Unchained direction.",
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