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If you have Bitcoin on an exchange, withdraw it NOW to a mobile app like Muun Wallet or Blockstream Green. You can worry about a hardware wallet later.

I’ve seen some newbies asking about hardware wallets without a proper understanding of how they work.

These are probably people that have less than 0.10 BTC on an exchange.

Under that scenario, I would not recommend a hardware wallet just yet.

It is much more important to take control of your Bitcoin **as soon as possible**. The friction of ordering a hardware wallet, waiting for it to arrive, and learning how to use it, is what keeps many people from self custoding their money.

Once you have control of your Bitcoin, you can then take your time to learn more about how mnemonic seeds, signatures and addresses work.

The 2 hot wallets I recommend are:

**Muun Wallet**: [https://muun.com/](https://muun.com/)

**Blockstream Green**: [https://blockstream.com/green/](https://blockstream.com/green/)

They are both open source, user friendly, Bitcoin only, and have good reputation.

Muun supports Lightning Network.

Green allows you to use your own servers, connect with Tor, link to Ledger/Trezor, etc.

Like I mentioned before, the most important part is to withdraw your bitcoin **NOW**. Even if you have a lot of money. You can always move it to a hardware wallet later on.



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11 Comments

  1. I get your message, but this comes across as a “Trust me bro, I have insider info bro… I just can’t tell you about it bro… ”

    And it’s counterproductive via counter intuitiveness.
    We constantly tell people to trust don’t verify, but then posts like this try to panic people into reacting….

    Just post the info on how to self custody, and be happy with that.

  2. >I’ve seen some newbies asking about hardware wallets without a proper understanding of how they work.

    If someone doesn’t understand the responsibilities of self-custody using a hardware wallet, what makes you think they’re ready to accept the responsibilities of self-custody using a software wallet?

    >Once you have control of your Bitcoin, you can then take your time to learn more about how mnemonic seeds, signatures and addresses work.

    Often enough we see posts from people who lost or wiped the device on which they had a software wallet without writing down their recovery phrases, forever locking them out of their Bitcoin, or who stored their recovery phrase in digital form or in a place where it could be discovered by an unauthorized person, allowing their Bitcoin to be stolen remotely. It’s essential to learn about the importance of mnemonic seeds and how to secure them BEFORE one removes the custodian from the equation.

    The urgent tone of your post suggests the risks of keeping Bitcoin on an exchange are ALWAYS lower than the risks of self-custody. For the “newbies” to whom you’ve addressed this message, that’s not necessarily true.

  3. Use an old phone with Samorai and Muun both installed. Transfer to Muun on you regular phone, send a Lightning payment to Muun on your old phone, and then send it to Samuorai wallet and mix it. Keep it on airplane mode.

    Now you have essentially a hardware wallet with all your Bitcoin far more difficult to track due to the Lightning hop and mix.

  4. Do w.e you want with your coins. Feel free to give control over your currency to someone else. Why try to convince people who refuse to make wise choices. Let them learn the hard way.

What do you think?

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