Unchained

Introducing Unchained app widgets—track the #bitcoin price and network fees for free without an Unchained account. - Track the current and historical bitcoin price - Monitor current mempool fees - Spot a dip and buy bitcoin directly to your vault Download it today from the App Store: https://lnkd.in/eZSDyTF7

Spend to taproot is live—now clients can send bitcoin from an Unchained vault directly to a taproot address. Learn more about bitcoin address types: https://lnkd.in/eCTD7rFU

"Unchained benefits anyone who is on that cusp—or part of the curve—of wanting to own bitcoin and appreciate owning real #bitcoin." - Joseph Kelly, Co-Founder and CEO

Bitcoin has dropped 20% from its peak this year, yet it remains up 90% over the past 12 months. Despite the short term price volatility, over 65% of all bitcoin has not moved over the last year. View a live chart of the HODL Waves: https://lnkd.in/eGf9tGRs

The Bitcoin Frontier Episode 38: Bitcoin is valuable because it’s censorship resistant with Andrew Bailey - What is Resistance Money? - Arguing for bitcoin from more widely held beliefs - When will bitcoin not be fringe? - Ossify vs not ossify Watch/listen and subscribe: → Apple: https://lnkd.in/g-m-u2ca → Spotify: https://lnkd.in/gVi75pdp → Fountain: https://lnkd.in/gGCUsPQy → Unchained Newsletter: https://lnkd.in/g_NfJtit → YouTube: https://lnkd.in/eBqDwyrd

When deciding to hold bitcoin in self-custody, you’ll need to choose between using a singlesig or multisig wallet. If you opt for multisig, you then have to decide whether to set it up yourself (DIY) or collaborate with others. Let's compare the differences between setting up multisig entirely yourself and working with a partner to help secure your keys. DIY multisig appeals to those who value self-sovereignty and privacy. You can set up a multisig wallet using free and open-source software like Caravan, Sparrow Wallet, or Electrum, which allows you to customize your setup and potentially retain more privacy. The most common setup involves using multiple keys from hardware wallets you control. However, managing a DIY multisig setup requires technical knowledge. You must understand extended public keys (xpubs), BIP 32 derivation paths, and maintain a wallet configuration file. Losing this file can result in losing access to your bitcoin, even if you still have the keys. DIY setups also involve geographic separation of keys for added security, which can be inconvenient for accessing your bitcoin. Collaborative custody combines self-custody with external support. In a 2-of-3 multisig, for example, you hold two keys, and a collaborative partner holds one key. You retain control but gain assistance when needed. This setup simplifies management and provides technical support, reducing the risk of mistakes and enhancing security. Collaborative custody typically involves partnering with a reputable company specializing in multisig. This partnership can simplify your setup, help with wallet maintenance, and monitor for suspicious activity. However, it requires sharing some information with your partner, such as your bitcoin balance and transaction history. Trusted partners like Unchained ensure the privacy of clients is taken seriously and clients receive ongoing support. The best self-custody setup depends on your goals and preferences. If you prioritize privacy and have the technical proficiency, DIY multisig might be suitable. However, collaborative custody multisig is often recommended for its balance of security, convenience, and support, helping you avoid catastrophic mistakes. Learn more about DIY multisig vs collaborative custody multisig: https://lnkd.in/edmM6K3r

"A lot of people need help from a company like Unchained to educate them, to support them, and make sure they are capable of operating a complex multisig quorum." - Dhruv Bansal, Co-founder and CSO

Less than 7% of all bitcoin moved in the last month. Holding bitcoin is using bitcoin. View a live chart of the HODL Waves: https://lnkd.in/eRCQaptH

The Bitcoin Frontier Episode 37: Why Olympic athletes need bitcoin with Jeremy HK Nova former 12x USA Cycling national champion and Olympic athlete #Paris2024 - Professional mountain biking and bitcoin - Living in the Olympic athlete village - Selling rental properties for #bitcoin Watch/listen and subscribe: → Apple: https://lnkd.in/g-m-u2ca → Spotify: https://lnkd.in/gVi75pdp → Fountain: https://lnkd.in/gGCUsPQy → Unchained Newsletter: https://lnkd.in/g_NfJtit → YouTube: https://lnkd.in/epqDWgER

Do you feel comfortable securing all of your bitcoin with one key on one hardware wallet? If the price of bitcoin increased another 10x, would your current custody setup still be secure? Let’s evaluate the different approaches to bitcoin self-custody. Many recognize that singlesig alone is inadequate for long-term savings. Two approaches to improve your self-custody security are: 1. Singlesig with passphrase, which adds a one-word secret to access your bitcoin. 2. Multisig, which secures your bitcoin with multiple keys. By adding a passphrase to your singlesig wallet, you add a 13th or 25th word of your choosing to your seed phrase, which generates a separate and unique wallet from the one created by your 12 or 24 word seed phrase. A passphrase adds some protection in that it distributes your risk across three critical items (your device, seed phrase backup, and your passphrase), but it still has a major single point of failure. Lose your passphrase, lose your bitcoin. On top of potentially losing your passphrase, if your hardware wallet has a critical vulnerability or you are using malicious wallet software, a passphrase may not offer protection against theft. Multisig is a bitcoin custody model where you construct a wallet using multiple bitcoin keys instead of just one. There are many ways to approach multisig, but the most popular approach is 2-of-3 (three keys total, with any two keys required to spend). Multisig provides you with ample security and eliminates single points of failure: ✅ Resistance to malicious firmware. ✅ Protection from mistakes like losing keys. ✅ Option to share custody with a 3rd party to eliminate yourself as a single point of failure. If you wish to learn more about the different bitcoin self custody approaches, read more: https://lnkd.in/emSGtVsN