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Bitcoin Self-Custody & Security
Rating: 4.5 out of 5(17 ratings)
503 students

Bitcoin Self-Custody & Security

Hot & Cold Storage
Created byKevan Bore
Last updated 7/2021
English

What you'll learn

  • Bitcoin & Crypto Self-Custody
  • Hot & Cold Storage Methods
  • Crypto Security Practices
  • Do's and Don'ts of Crypto Security
  • Be your own Bank

Course content

1 section23 lectures51m total length
  • Introduction1:12

    Learn why buying bitcoin on exchanges gives you IOUs, not full sovereignty, and how self-custody storage protects your scarce crypto from exchange failures, cybercrime, and third-party risks.

  • Overview1:05

    Master self custody essentials, hot and cold storage, and security practices to protect your bitcoin, understand decentralized private ownership, and compare centralized versus decentralized monetary systems.

  • Centralized Monetary Systems3:17
  • Decentralized Monetary Systems2:59
  • Self-Custody2:32
  • Intro to Wallets1:34
  • Keys1:09
  • Private Key1:04
  • Public Key0:23
  • Public Address1:31

    Explore how a public address is a hashed, compressed form of public key, how wallets derive accounts from private keys, and how self-custody secures keys for sending and receiving transactions.

  • Seed Phrase1:21
  • Hot Wallets0:38
  • Software Wallets4:19
  • Mobile Wallets2:21

    Mobile wallets turn your phone into a personal crypto vault for on-the-go payments with QR scanning, but require internet access, and backup seed phrases to avoid loss and malware risk.

  • Security Practices: Hot Wallets3:36
  • Cold Wallets1:02
  • Paper Wallets4:28
  • Hardware Wallets4:35

    Secure your private keys with a hardware wallet, a portable offline device that signs transactions on a certified security chip for true self-custody and keeps funds off the internet.

  • Metal Wallets2:42
  • 5 Step Checklist2:30
  • Do's & Don'ts3:24

    Master self-custody dos and don'ts for bitcoin wallets, including protecting private keys and seed phrases, securing backups with paper or metal, using hardware-backed password managers and two-factor authentication.

  • Being your own Bank2:01
  • 'HODL' Safely2:00

Requirements

  • Interested in Bitcoin and Cryptocurrency
  • Interested in taking Self-custody of your digital assets
  • Interested in Bitcoin and Crypto Security

Description

Welcome!

This class is designed as a beginner's guide to Bitcoin & Crypto Self-Custody & Security.

The number one threat we all have when buying and storing crypto is ourselves, -not just hacking or third-party exchange breaches.

There is no gold standard of crypto security that applies to everyone, so remember to stay within your own range of security comfort, and hopefully, this lesson will have moved the needle a little bit further for you in understanding the importance of self custody and personal crypto security. 

When you install a Bitcoin wallet on your mobile device or desktop, you are taking the radical responsibility of self-custody. This means that you and you alone are responsible for your bitcoin.

 Luckily, the technology available today by developers and entrepreneurs around the world has made the task of self-custody a lot more streamlined and easy by providing multiple methods and security grades for storing your assets. This brings decentralized and independent ways for you to take control of your digital money by providing a high level of private and durable security in protecting access to your coins on the blockchain.

So in this class, will be covering Hot & Cold storage methods, exchanges, self-custody, and standard crypto security hygiene.

In addition, we will underline the security measures you can easily handle, and provide you with a self-custody checklist so you can devise your own security model that best suits your needs for Bitcoin & Cryptocurrency storage.

Who this course is for:

  • Bitcoin & Cryptocurrency Investors
  • Bitcoin & Cryptocurrency Traders
  • Bitcoin & Cryptocurrency Users