• NOT YOUR KEYS - NOT YOUR BITCOINS. Yes, custody of your keys (seeds) is the most important aspect for Bitcoin owners. So please DO NOT use “banks for your BTC”. In Bitcoinland YOU are your own bank. Custodial BTC wallets are exactly what can kill Bitcoin - losing control of your own money is going back to fiat money and fractional reserves.

  • We must stop acting as usual with banks: “Well, I put the money in a bank and they take care of everything…” Bad, very bad, this type of thinking. Bitcoin is PROPERTY and should be treated as something that is yours, personal, non-transferable. So learn to use it well and, very importantly, protect it.

  • Start learning this technology. Stop crying and saying “I am not capable of doing this” or “technology is not good for me” – these are just excuses and it doesn’t solve anything. Get yourselves together and learn how to use this technology. If you manage fucking Facebook, well, you can manage your BTC too. If you don’t understand this aspect, Bitcoin is not for you. If you ignore this aspect, you will lose ALL your $BTC . This is not a joke!

  • Backups. NEVER have just one copy of your seed/key backup. Always make more than one copy and store them in different places. You never know what will happen to you and your keys.


IMPORTANT RULE:

Separate your BTC into three levels of stacks:

A. HODL: your “central bank”, savings, most of your BTC, cold wallets, onchain

B. Cache: Your “commercial bank”, operations center, medium amounts, onchain and LN, disposable wallets

C. SPEDNL / mobile: your cash pockets, daily use, small amounts



Each party has its own protection methods and you have to think like a new banker, now you are managing your bank and a bank always has different levels of volume and access. Be your own bank: think like a bank and act like a bank.

Basic hardware and software recommendations.

If you are not very competent with computers and technology, fine, no problem, but at least pay attention and take some basic measures, so you are more protected.

Use a clean environment

Always use a clean computer/device when you are at a Bitcoin hotspot. Don't use a computer shared with someone else, don't use a computer that is meant for work or play. Usually, those end up being infected with malware (no matter how many antiviruses you install).

Option A

Just grab a second hand laptop or PC, no need to be super powerful and install a Linux OS (Linux Mint is easier to use). Use that Linux machine exclusively for bitcoin stuff. Don't watch movies or porn, don't play games, don't use for remote control access, just Bitcoin.

Install on this operating system Bitcoin Core as your node, so you can connect all your wallet apps and other Bitcoin stuff. If you use bitcoin sporadically, there is no need to keep this bitcoin core node always online, 24/7. It is enough to update your sync blocks more frequently or even before you start using it with your wallets to do your TXs.

This Bitcoin central node is your gateway to the world of Bitcoin.

Also install Electrum and Sparrow or Spectre as main cache wallet apps. Optional, you could use Green, Nunchuck, Wasabi if you want more tools (mixing, coinjoin, multisig, hw, etc.).

This PC/laptop will be your main operational "bank" where you will do all the fund management, redistribution, coin control, etc. Secure it with a good password!

Also install Keepass password manager (also comes in Linux Mint as a base app), to keep all your bitcoin information handy. Store the Keepass database on a secure, encrypted USB stick. You can use Linux Disk Manager to encrypt your USB. That means every time you open that USB, it will ask you for a password. And every time you need to check your passwords and accounts etc. from that Keepass database, you need to plug it into your PC and open it. Make a copy on another USB.

Option B

If you don't have another spare PC/laptop, at least use TailSoS, with a bootable USB stick. Here I wrote a dedicated guide on how to setup that TailsOS USB.

Option C

If you want to use your regular PC, at least separate all your Bitcoin stuff from your regular OS. For this, install a VM (virtual machine) and inside that VM install a Linux OS and do all the Bitcoin stuff inside that VM (see Option A).

For Windows machines you can use as VM software: Microsoft Hyper-V or Oracle VirtualBox.



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