Bitcoin

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should I keep all my bitcoin on cash app? (self.bitcoin)

submitted 1 year ago by lilkeyyys to c/bitcoin

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Title mostly says it all. I have a hardware wallet but the battery is toast and it only works when plugged in, and the buttons are a little sketchy at times, sometimes they work sometimes they don't.

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[–] CatZoomies 1 points 1 year ago

Are you okay with potentially losing access to your Bitcoin and it being controlled by an amoral corporation?

My recommendation is to custody it and use the hardware wallet to send and receive.

I recommend you set up a Watch-Only wallet like BlueWallet. Watch-Only wallets can see your balance and allow you to receive only, not send (unless you manually add the ability to send using your private key). The beauty of these types of wallets is that if your phone/device gets stolen or compromised, your seed isn’t there and no one can send from that wallet since it only receives. Thus, you won’t need your hardware wallet until it’s time to send Bitcoin from your wallet. If you DCA into Bitcoin, you can use the watch-only wallet to generate unlimited new receiving addresses.