Setting up and Securing Your Wallet

Setting up a Wallet

There are dozens of wallets to choose from when it comes to securing your private keys. Hardware, software, metal, paper, each with their own trade-offs. Remember: if you aren’t holding your own private keys, you don’t actually own bitcoin - you just own an IOU for BTC!

Wallet Basics:

Choose your wallet here

  • Do not use wallets that don’t give you recovery data; these wallets are likely controlling your keys.
  • Do not use paper wallets unless you’re an advanced user who understands all the risks.
  • Do not store large amounts of value in single signature wallets.
  • Make sure your heirs know how to recover your wallets without you!

Note that it is NOT recommended that novices use the Bitcoin Core wallet. If you want to use a wallet backed by a fully validating node you run, read Securing Your Financial Sovereignty.

Recommended Wallets:

Wallet Recovery:



Securing Your Wallet

Managing private keys securely in order to “be your own bank” can involve some complex processes if you want to protect against every possible threat. There’s also a balance against making it so complex that you lose access to your own keys - keep it as simple as possible!

General Security:

Security Guides:

Cold Storage Guides: