10x Security Bitcoin Guide
How to store bitcoin without any single point of failure.
Purpose
Multisig security is a difference in kind and not in degree. It affords you the ability to avoid loss while making 1 (or more) catastrophic failures in securing your bitcoin. By using a security system that is fault-tolerant, you can move much faster (with less caution) through each step and still attain far higher levels of security vs any single-key system. This guide will show you how.
The purpose of this guide is to make multisig accessible to a tech-savvy audience who does not write code. While it may be helpful if you are comfortable using the command line (especially for some of the optional advanced steps), it is not required.
Project Status
This guide is currently a work in progress. While the ultimate goal is for the process to be easy enough for non-technical users, there may be kinks to work out. Pull requests are welcome.
Table of Contents
Guide
- Introduction: Why Multisig?
- Pick Your Quorum (e.g. 2-of-3)
- Equipment List
- Setup Computer (Watch-Only)
- Setup Hardware Wallets
- Paper Wallet
- Keystone (formerly Cobo Vault)
- Coldcard
- Coordinate Multisig (Specter-Desktop)
- Verify Receive Addresses
- Backup Wallet
- Send Bitcoin
- Emergency Recovery (3rd Key)
Known Issues & Benefits
- 10x Security Guide
- All Multisig Setups
- Other Setups
- Hosted Services
- Other Coordination Software
- Hardware Wallets
- Other Protocols