The main theme of this guide is to create fault tolerance by avoiding a single point of failure. This means multiple signatures (“multi-sig”) to move your bitcoin is an absolute must.
2-of-3 by default, as we believe it strikes an excellent balance between security and usability for most use-cases.
Once you’re comfortable with
2-of-3, you may want to pick larger numbers in the future (see advanced section).
You’ll need three hardware wallets, made by three different manufacturers. In order to avoid having to buy three hardware wallets (and because there are only very few high-quality hardware wallets with good multisig support), we’ll generate this third key less securely on your computer offline.
Comfortable with the concepts in this step?
Read the advanced considerations that can potentially improve your security here.
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