We Study Billionaires - The Investor’s Podcast Network cover image

BTC030: Bitcoin Security and Self Custody w/ Nick Neuman (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

ADVICE

Hardware Wallet Security

  • Use a hardware wallet, which acts as a private key that never touches the internet, to protect your Bitcoin.
  • Malware can scrape private keys from software wallets on your computer.
  • Hardware wallets are offline devices, making them less susceptible to malware.
  • Some hardware wallets have secure elements that prevent key extraction, even with physical access.
  • For wallets without secure elements, use multi-signature security, which requires multiple keys to authorize transactions.
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