You're trading one subpar option for another on the BTC front. Buy a hardware wallet and store it there. If not that, then find a custodial hot wallet and send it there until you buy a hardware wallet.

Your ETH is stuck until 2.0 actually comes out.

Mickybuckets said:

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Has anyone used Blue Wallet for Bitcoin? Was thinking about moving my bitcoin from Coinbase and Crypto.com to be safe.

I've got staked ETH 2.0 on Coinbase, but i'm guessing I can't move that off the site?

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Muun is better than Blue IMO

NTXAg10 said:

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You're trading one subpar option for another on the BTC front. Buy a hardware wallet and store it there. If not that, then find a custodial hot wallet and send it there until you buy a hardware wallet.

Your ETH is stuck until 2.0 actually comes out.

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I'm not sure I agree with this. Holding Bitcoin on Blue or Muun is 1000 times safer than on Coinbase. It's a huge improvement and costs nothing.

Getting a hardware wallet can take some time and costs a bit. Doing both is better but a phone hot wallet as an interim step out of Coinbase makes sense to me.

You and I are saying the same thing. Let me rephrase the custodial hot wallet comment to "self custody hot wallet" and let me know if that changes things.

NTXAg10 said:

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You and I are saying the same thing. Let me rephrase the custodial hot wallet comment to "self custody hot wallet" and let me know if that changes things.

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Roger that

trying to hunt down some of my old TRX tonight and can't find it. I see that i moved a bunch of it a year ago to an address but can't find where that address is...

It was on binance. I had thought I moved it to my metamask wallet but it's definitely not there.

Any help to this newb would be greatly appreciated. I can provide the "address" from my binance confirmation email.

exp said:

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NTXAg10 said:

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You're trading one subpar option for another on the BTC front. Buy a hardware wallet and store it there. If not that, then find a custodial hot wallet and send it there until you buy a hardware wallet.

Your ETH is stuck until 2.0 actually comes out.

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I'm not sure I agree with this. Holding Bitcoin on Blue or Muun is 1000 times safer than on Coinbase. It's a huge improvement and costs nothing.

Getting a hardware wallet can take some time and costs a bit. Doing both is better but a phone hot wallet as an interim step out of Coinbase makes sense to me.

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What's the best hardware wallet and is there a step-by-step description on how to move Bitcoin off of Coinbase?

Exp might be one of the more experienced aggies to walk you through personally, FOR BITCOIN...

Tabasco said:

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exp said:

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NTXAg10 said:

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You're trading one subpar option for another on the BTC front. Buy a hardware wallet and store it there. If not that, then find a custodial hot wallet and send it there until you buy a hardware wallet.

Your ETH is stuck until 2.0 actually comes out.

---

I'm not sure I agree with this. Holding Bitcoin on Blue or Muun is 1000 times safer than on Coinbase. It's a huge improvement and costs nothing.

Getting a hardware wallet can take some time and costs a bit. Doing both is better but a phone hot wallet as an interim step out of Coinbase makes sense to me.

---

What's the best hardware wallet and is there a step-by-step description on how to move Bitcoin off of Coinbase?

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The right answer for someone new to hardware wallets is probably a Trezor Model One. You can pick one up for $75 here. These guys are the only authorized resellers in the US for Trezor so I wouldn't buy from anyone else.

https://www.thecryptomerchant.com/

These were $60 a year ago fyi. Thanks inflation.

With a Trezor you can store multiple different coins in cold storage, like Eth LTC or doge and they have an easy to use web interface and desktop software suite.

If you're the type of person who'd rather jump straight into the deep end, Coldcard is the gold standard. Bitcoin only, no alt coins, completely airgapped, and more advanced options. These should be purchased directly from the manufacturer in Canada, Coinkite.com

I don't like ledger because it's not fully open source. Very small risk but safer to go with open source IMO. Trezor and Coldcard are both fully open source.

Once you've got one on order we can talk about how to move your coins.

I keep most of my bitcoin on the Copay wallet. I figure it's better than coinbase and is simple to get it on and off from there if needed.

Does anyone have any experience with or has anyone heard any reviews of Copay? Is it considered relatively safe? It can be accessed through my phone or the web. I had to develop a 8 or 12 word password key, which I have safely saved. But I can't remember when you have to use it (I can access with my phone by thumbprint so I'm assuming you need it to access without that).

Edit: I just looked it up and the seed phrase" passwords appears to be used if/when I lose access to the device that Copay is installed on. So it's like the master password that allows me to recover everything on a different device I guess. So if I get a new phone I'm assuming, I use the seed phrase to put the wallet and access my crypto on a new phone.

One more question, if I do that, does the wallet/app on my old phone automatically stop working? If not, how do I ensure it's wiped off the old phone?

No the old phone/wallet does not automatically stop working. You would have access to it in both places. It's always good to have some sort of confirmation authentication when you're doing any sort of transaction, especially withdrawals or transfers.

I don't know CoPay but just looked it up. Not a ton of users. That seerphrase is the real key to your Bitcoin. You can restore access not just in another instance it CoPay but essentially any Bitcoin wallet, hardware or software based.

If you load the seedphrase onto 12 wallets you'll have access to control your coins from all 12 wallets. Some people they are really hardcore about long-term cold storage will destroy the actual wallet and just keep their seedphrase in steel plates to restore later.

Check out Casa for a perhaps more reputational phone wallet company. Their single Sig solution that you're used to is free and it's easy to upgrade to a multisig solution if you ever get interested.

Tabasco said:

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exp said:

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NTXAg10 said:

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You're trading one subpar option for another on the BTC front. Buy a hardware wallet and store it there. If not that, then find a custodial hot wallet and send it there until you buy a hardware wallet.

Your ETH is stuck until 2.0 actually comes out.

---

I'm not sure I agree with this. Holding Bitcoin on Blue or Muun is 1000 times safer than on Coinbase. It's a huge improvement and costs nothing.

Getting a hardware wallet can take some time and costs a bit. Doing both is better but a phone hot wallet as an interim step out of Coinbase makes sense to me.

---

What's the best hardware wallet and is there a step-by-step description on how to move Bitcoin off of Coinbase?

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I just went through the entire process of transfer from Coinbase to Nano Ledger S wallet

go back a few pages you can see the discussion.

it's not the easiest process- I would only move $500 at a time to ensure there was no mistake in moving funds so it took me a few days of transfers

look on Youtube for Nano ledger transfers

This is good advice, although I would challenge the notion that it's not an easy process. Sending or receiving Bitcoin is extremely easy...basically copy/paste an address. Because the process is foreign to people at first, it's natural to go slow and be hesitant your first couple times. Self-custody is a higher level of responsibility and freedom.

MR Gadsden said:

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No the old phone/wallet does not automatically stop working. You would have access to it in both places. It's always good to have some sort of confirmation authentication when you're doing any sort of transaction, especially withdrawals or transfers.

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Thanks for the response. So what do people do when they get a new phone? How do they make sure no one can access their wallet on the old phone?

Thanks, I haven't had any issues with copay yet but will look into casa.

I can't remember what made me choose copay years ago. I think it had some characteristic that made it seem a little better than some other options I was looking at, but it's been so long that I can't remember what it was.

exp said:

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This is good advice, although I would challenge the notion that it's not an easy process. Sending or receiving Bitcoin is extremely easy...basically copy/paste an address. Because the process is foreign to people at first, it's natural to go slow and be hesitant your first couple times. Self-custody is a higher level of responsibility and freedom.

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Correct.

I am surprised how few Youtube videos and websites though actually show the CURRENT versions of Coinbase and Nano Ledger S.

so when you look at a video- they are showing different screens than the screens I am looking at. Hence, you better ensure you familiarize yourself with the correct steps and buttons.

even setting up the Nano and understanding when to push both buttons and how to select "receive" takes some time to ensure you aren't going to make mistakes.

also because I want to be 100% I am not making mistakes, you have to learn how to 'confirm" the transfer as it takes 30 minutes to go through so finding the correct screen on Coinbase to show the transaction has been sent takes a few tries

mavsfan4ever said:

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MR Gadsden said:

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No the old phone/wallet does not automatically stop working. You would have access to it in both places. It's always good to have some sort of confirmation authentication when you're doing any sort of transaction, especially withdrawals or transfers.

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Thanks for the response. So what do people do when they get a new phone? How do they make sure no one can access their wallet on the old phone?

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Well if you lose your phone presumably people still cannot access it because you have biometric login (face ID or fingerprint). Furthermore you should be able to remote wipe your lost device using Apple or Googles Find My Device service.

If none of that is the case and you're worried someone could access your Bitcoin you just need to move it to another wallet. This is why I recommend having multiple wallet solutions at your disposal to quickly move money around. Muun, Strike, Casa, Cash App, GreenWallet can all be on your phone and separately control a tranche of Bitcoin. Using your desktop to interact with your hardware wallets is good for larger amounts of money. Although Casa multisig wallet on your phone is pretty salty and I'd feel comfortable managing up to $100k in there.

If multisig protection is interesting to you but you don't want to pay a fee, Unchained Capital is the best in the business. Bitcoin only, based in Austin, free multisig vaults and you only pay them if you ever need them to sign a transaction for you.

Ledger Nano X was easy to use. My recommendation is to send a little first and check that it works. Thats a good rule in general with crypto.

mavsfan4ever said:

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MR Gadsden said:

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No the old phone/wallet does not automatically stop working. You would have access to it in both places. It's always good to have some sort of confirmation authentication when you're doing any sort of transaction, especially withdrawals or transfers.

---

Thanks for the response. So what do people do when they get a new phone? How do they make sure no one can access their wallet on the old phone?

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You can delete the account off the old one, or probably delete the app would work too. I tend to break my phone's before I ever get a new one, so I haven't really worried about it.

exp said:

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Tabasco said:

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exp said:

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NTXAg10 said:

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You're trading one subpar option for another on the BTC front. Buy a hardware wallet and store it there. If not that, then find a custodial hot wallet and send it there until you buy a hardware wallet.

Your ETH is stuck until 2.0 actually comes out.

---

I'm not sure I agree with this. Holding Bitcoin on Blue or Muun is 1000 times safer than on Coinbase. It's a huge improvement and costs nothing.

Getting a hardware wallet can take some time and costs a bit. Doing both is better but a phone hot wallet as an interim step out of Coinbase makes sense to me.

---

What's the best hardware wallet and is there a step-by-step description on how to move Bitcoin off of Coinbase?

---

The right answer for someone new to hardware wallets is probably a Trezor Model One. You can pick one up for $75 here. These guys are the only authorized resellers in the US for Trezor so I wouldn't buy from anyone else.

https://www.thecryptomerchant.com/

These were $60 a year ago fyi. Thanks inflation.

With a Trezor you can store multiple different coins in cold storage, like Eth LTC or doge and they have an easy to use web interface and desktop software suite.

If you're the type of person who'd rather jump straight into the deep end, Coldcard is the gold standard. Bitcoin only, no alt coins, completely airgapped, and more advanced options. These should be purchased directly from the manufacturer in Canada, Coinkite.com

I don't like ledger because it's not fully open source. Very small risk but safer to go with open source IMO. Trezor and Coldcard are both fully open source.

Once you've got one on order we can talk about how to move your coins.

---

Thanks all for the replies. I ended up ordering the Trezor One from the link above. When I saw the discount code window, I did a quick search. The first two didn't work, but I used "Honey10" and it knocked off 10%, bringing my total from $75 to $67.50. I plan on using this for long-term storage for my buy-and-hold Bitcoins (i.e. I only have bitcoin) in Coinbase, if that makes any difference.

When you setup your Trezor, you'll need to write your 24 word seedphrase somewhere safe that no one else will accidentally find.

But what if my Trezor breaks? Or what if my house by burns down and I lost both the wallet and the seedphrase backup?

These are all the right questions for the additional freedom and responsibility of financial self sovereignty.

When you're ready to take the next step in protecting your wealth and mitigating against the risk of certain catastrophic events, look into a product like this:
https://www.blockplate.com/collections/frontpage

Steel backups for your seedphrase are immune to fire and flood. Blockplate is my favorite but there are more affordable options out there. Seedplate is another I like and it's cheaper.

is that 24 word phrase something that comes with the wallet, or do I just make up a 24 word phrase

Tabasco said:

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is that 24 word phrase something that comes with the wallet, or do I just make up a 24 word phrase

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Your wallet will create it for you using a random number generator function. It basically produces a random string of 1 and 0 that is 256 digits long. Your unique 256 bit string is the thing that controls your wallet. The seed phrase is a nifty bit of English language simplification of that number. Easier for humans to write down and remember than 256 ones and zeroes.

You do not want to create your own seed phrase. Let the wallet do it for you and just write it down.

That being said, you can create your own seed phrase but you need a reliably random source of entropy. Most people roll dice to achieve this. I don't think Trezor has a dice roll function built in but Coldcard does.

Anyway, for now just let Trezor wallet create your phrase and store it securely.

Any questions let me know.

Ok thanks, good explanation and makes sense. Appreciate it. I will probably ask some procedural/transfer questions once I get it.

exp said:

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When you setup your Trezor, you'll need to write your 24 word seedphrase somewhere safe that no one else will accidentally find.

But what if my Trezor breaks? Or what if my house by burns down and I lost both the wallet and the seedphrase backup?

These are all the right questions for the additional freedom and responsibility of financial self sovereignty.

When you're ready to take the next step in protecting your wealth and mitigating against the risk of certain catastrophic events, look into a product like this:
https://www.blockplate.com/collections/frontpage

Steel backups for your seedphrase are immune to fire and flood. Blockplate is my favorite but there are more affordable options out there. Seedplate is another I like and it's cheaper.

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but someone can steal your blockplate just as they can the paper of your codes. which is more likely, the house burns down and you don't have the paper in a safe or someone gets ahold of your plate?

ETH up 14% in last two days due to merge

let's discuss long term plays:

over the next decade which will provide a better financial return- ETH or BTC?

I don't understand your dilemma. If paper and metal backups can both be compromised via theft, but metal is immune to fire and flood, why wouldn't you go metal and focus on how to secure it?

Safes, multisig, and 25th word phrases are all things you can do to better secure your coins.

Trying to get this back on track ..

I am buying both. I feel ETH has the 1st to market but another could overtake it long term. SOL etc….

What secondary "coins" are other holding. I had some AMP at one point and the below a penny has me thinking of gambling $200 to see if it can 1 day rally back to .12. Still have SOL, MATIC etc. Link is another one. I had and sold in the $20/$30 range

I deal with some of the mining here in Texas and access to power is really hurting the Texas mining market. They were open arms but now getting pressure to not release power to mining operations or adding additional hoops to get access to power. Not sure how this plays out but the big guys are really struggling with this issue right now

LMCane said:

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exp said:

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When you setup your Trezor, you'll need to write your 24 word seedphrase somewhere safe that no one else will accidentally find.

But what if my Trezor breaks? Or what if my house by burns down and I lost both the wallet and the seedphrase backup?

These are all the right questions for the additional freedom and responsibility of financial self sovereignty.

When you're ready to take the next step in protecting your wealth and mitigating against the risk of certain catastrophic events, look into a product like this:
https://www.blockplate.com/collections/frontpage

Steel backups for your seedphrase are immune to fire and flood. Blockplate is my favorite but there are more affordable options out there. Seedplate is another I like and it's cheaper.

---

but someone can steal your blockplate just as they can the paper of your codes. which is more likely, the house burns down and you don't have the paper in a safe or someone gets ahold of your plate?

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Good questions. Self custody is all about understanding and mitigating risks you previously delegated to trusted third parties to handle.

Using a custom passphrase to create your wallet rather than the default blank passphrase is an effective first step of mitigation against this particular threat. So even if someone steals your plate they won't know the passphrase used to create your wallet where you store your coins.

Your passphrase can be anything...

"I love TexAgs and don't want a hacker to guess my passphrase"

Or

"password"

Whatever your style is.

Multisig wallets are another good way to mitigate the risk of your steel backup getting stolen.

AggieMainland said:

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Ledger Nano X was easy to use. My recommendation is to send a little first and check that it works. Thats a good rule in general with crypto.

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It took me a few days to transfer over from Coinbase to my new Ledger Nano S because I wanted to ensure no mistakes and keep the transfer amounts small

that way you won't freak out if there is some mistake

in the end, all transactions went through no problem

capital markets said:

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Macro environment is still terrible, and IMO it's unlikely the contagion from collateral losses of 3AC and others has fully unwound yet.

Still long term optimistic, but as a reminder that bc of payments to miners, BTC and ETH both need inflows just to maintain their current price.

E.G. BTC needs inflows of 126 million a week to maintain a price of 20k. (6.25BTC every 10 minute block).

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no one seems to understand that the ETH bounce is likely due to the "discussion" that the merge will be on 19 September

the idiot on CNBC is claiming that BTC is rising because of the value of the US dollar this morning