Self-Custody Workshop
Workshop details
- Event Link: https://www.meetup.com/honolulu-bitdevs/events/291173130
- Date/Time: February 16, 2023 (6-8 PM)
- Location: Entrepreneurs Sandbox (Purple Room)
Workshop agenda
- Introduction
- Key concepts of Bitcoin self-custody
- Hardware wallet demos (basic setup and signing)
- Ledger
- Trezor
- Coldcard
- Advanced techniques
- Intro to BIP39 passphrases
- Multisignature wallet demo (basic setup and signing)
- Tips for building a secure custody setup
- Wrap up and questions
Slideshow
Supplemental resources
Basic concepts
- How Bitcoin Wallets Work (Public & Private Key Explained)
- Keys & Addresses
- Bitcoin Wallets: How, Why and When to Hold Your Own Private Keys
- BIP39 Mnemonic Seed Phrases
- What is a bitcoin seed phrase and how does it work?
- What is a bitcoin UTXO?
Device-specific tutorials (setup and usage)
Other good hardware wallets (not covered in workshop)
BIP39 passphrases
- What is a BIP39 Passphrase?
- Passphrase: How it works
- Everything You Need To Know About Passphrases
- Picking a Good BIP39 Passphrase
Multisignature
- What is bitcoin multisig?
- Phil Geiger: A love letter to bitcoin multisig
- Top 10 tips for every bitcoin multisig beginner
- What is a bitcoin multisig wallet configuration file?
- Unchained webinar: Best practices for securing your bitcoin keys
- Multi-level thresholds: Why multisig always has a higher security ceiling — Tom Honzik
- Self-sovereign Sparrow wallet multisig setup
- DIY Multisig vs Collaborative Custody Multisig
Self-custody best practices
- Ultimate guide to storing your bitcoin seed phrase backups
- Seed phrase backup methods compared: paper, metal, and more
- Unchained webinar: Opsec best practices for your bitcoin private keys
- Masterclass on Bitcoin Self-Custody and Securing Your Own Keys w/ Tyler Campbell (MI176)
Additional resources
- Not Your Keys, Not Your Bitcoin: Setting Up Your First Bitcoin Mobile Wallet
- Bitcoin singlesig (passphrase) vs. multisig: Which is right for you?
- Sparrow Wallet 101: Self Custody Your Bitcoin
- Bitcoin Wallet Guide - Not your keys, not your coins
- Software wallet comparison guide
- Hardware Wallets by Brand
- Bitcoin Backups - Bitcoin-Intro
- Bitcoin Storage – The ZeroTrust System
- How to replace or upgrade a bitcoin hardware wallet
- BIP32 Hierarchical Deterministic Wallets
- Bitcoin Seed XOR - A simple way of securing seeds with your COLDCARD
- Bitcoin Audible Read 694 - Locked Out of My Digital Life
- Jameson Lopp's "Bitcoin Custody and Security" presentation - Plan ₿ Forum 2022 in Lugano Switzerland
Still unsure?
- Remember that your self-custody journey is iterative - take the first step, start simple, and improve your setup over time
- Avoid overcomplicating things
- Consider scheduling a collaborative multisig onboarding session with Unchained (1x1 walkthrough with an expert)
- Reach out to me with questions, and I'll point you in the right direction
- Email: honolulubitcoin@gmail.com
- Telegram: Honolulu BitDevs group
- Twitter: @RawBTC or @HonoluluBitcoin
