There are a multitude of ways to lose your bitcoin — this is a nearly exhaustive list of common forms of loss and how to protect yourself from them.
Read on Casablog
Bitcoin Security
Created by Jameson Lopp
Total time
4 hours 55 minutes
0/6 completed
The Bitcoin whitepaper promised a way for us to transact without the need for trusted third parties. Unfortunately, many bitcoin users fail to take advantage of this feature and still keep their funds with custodians. Those who do take custody of their funds find the journey fraught with peril and footguns.
Conservative estimates suggest that millions of bitcoin have been lost over the years by holders who did not take proper care of their keys, while millions more have been stolen due to security weaknesses. It’s important that Bitcoin users are confidently able to be their own banks, both to increase the security posture of each user and to increase the robustness of the entire ecosystem so that it does not evolve into another network of custodians who hold all of the money and power.
Coinkite’s Coldcard is arguably one of the most secure hardware key managers currently in production. This guide will walk you through setting one up, step by step.
Read on BitcoinSupport.com
While private keys should be managed on dedicated hardware devices, those devices can break or be lost. Be sure to back up your seed phrases on robust media — these stress tests will help you decide what to use.
Read on GitHub
In case you believe that it’s safe now to leave your funds on exchanges, this history of hacks will show otherwise.
Read on CryptoSec.info
While physical attacks against Bitcoin holders are still rare, they provide valuable learning experiences.
Read on GitHub
The final step to one’s Bitcoin security planning should be what happens to your keys once you pass on. Don’t leave your loved ones in limbo!
Read on Amazon
Jameson Lopp
@LoppJameson has been building Bitcoin wallets since 2015. He is the founder and CTO of Casa and also founded Mensa’s Bitcoin Special Interest Group, the Triangle Bitcoin & Business meetup, and several open source Bitcoin projects. He enjoys researching various aspects of the ecosystem and giving presentations about what he has learned the hard way while trying to write robust software that can withstand both adversaries and unsophisticated users.
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