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RE: HODLers Beware Your Keys Are Becoming A Honey Pot

in LeoFinance3 years ago

Perhaps you can look at having a multi-sig set up, so you can keep one key and have another key with another signer, so you always need 2 of the 3 keys to sign a transaction so even if your wallet is stolen with the keys no single person can move the funds

You can also add things like duress wallets where funds are split based on how many additional seed phrases you add or you can set up child wallets and just keep the main seed safe somewhere so you can always change access on those child accounts if one becomes compromised

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Wow, you are really an expert on this 🙂 I'll bookmark this post so I can reference it later. Thanks for the advice.

Lol thanks totally just learning as I go, i've made all the mistakes first hand and got burned so I tend to be on the extra careful side, always happy to help if you have any questions

I know I'll lose some crypto at some point. I just hope it won't be a lot.

Thank you. I'll keep that in mind 🙂