THE TRUE COST OF SELF-CUSTODY (according to seed maxis)
You will hear people saying, "get a hardware wallet", "do self-custody"
But do you really understand what it cost ($$) to really do it by the book?
Answer: a lot more than you think ..Because..
๐งต
You will hear people saying, "get a hardware wallet", "do self-custody"
But do you really understand what it cost ($$) to really do it by the book?
Answer: a lot more than you think ..Because..
๐งต
First off: it s not enough to buy 1 hardware wallet.
Buy 2. Why? in case of unit 1 has a problem or you lose it or fabrication defect...
reddit.com
Buy 2. Why? in case of unit 1 has a problem or you lose it or fabrication defect...
reddit.com
3. But where to keep it? Somewhere safe? Where? Under the bed?
In a bank vault, of course. about $150 /year
If you invest in a personal vault plan for more
In a bank vault, of course. about $150 /year
If you invest in a personal vault plan for more
Then you need digital protection for your computer (yubikey, VPN, password manager)....
Some even will recommend a second offline computer...
Some even will recommend a second offline computer...
Bottom line
800$ fixed cost
400$/ year of recurring.
To which you need to add your time.
That is the true cost of self-custody
Seed maxis will tell you to get a seed phrase wallet without mentioning the cost
Now this is done.
800$ fixed cost
400$/ year of recurring.
To which you need to add your time.
That is the true cost of self-custody
Seed maxis will tell you to get a seed phrase wallet without mentioning the cost
Now this is done.
Loading suggestions...