Wildfires, insider fraud, travel restrictions, SIM swaps, malware.
There is a lot to consider when securing your bitcoin, and it can feel overwhelming.
Luckily - Casa’s got your back. Here’s how we help our clients think through where to place their #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> keys.
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There is a lot to consider when securing your bitcoin, and it can feel overwhelming.
Luckily - Casa’s got your back. Here’s how we help our clients think through where to place their #Bitcoin
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A refresher on Casa’s security model:
At our highest security level, you have 5 keys, and 3 are needed to access your bitcoin.
2 are secured for you:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📱" title="Mobiltelefon" aria-label="Emoji: Mobiltelefon"> 1 held on your phone w/encrypted backup
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔐" title="Geschlossenes Schloss mit Schlüssel" aria-label="Emoji: Geschlossenes Schloss mit Schlüssel"> 1 held by Casa - available for signing with video verification
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At our highest security level, you have 5 keys, and 3 are needed to access your bitcoin.
2 are secured for you:
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The other 3 keys are on hardware wallets, and you decide where to keep them.
With proper placement, no single risk can cause you to lose funds.
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With proper placement, no single risk can cause you to lose funds.
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Here are the risks that should be top of mind:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔧" title="Schraubenschlüssel" aria-label="Emoji: Schraubenschlüssel"> Human (theft, robbery, mistakes)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔥" title="Feuer" aria-label="Emoji: Feuer"> Environmental (weather, fires, earthquakes, EMP)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🗳️" title="Wahlurne mit Stimmzettel" aria-label="Emoji: Wahlurne mit Stimmzettel"> Political (seizure)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏦" title="Bank" aria-label="Emoji: Bank"> Institutional (insider theft)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🗺️" title="Weltkarte" aria-label="Emoji: Weltkarte"> Access (can I safely travel to my keys?)
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Here are our default recommendations for where to locate your keys:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏠" title="Haus" aria-label="Emoji: Haus"> 1 key at home
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌎" title="Amerika auf dem Globus" aria-label="Emoji: Amerika auf dem Globus"> 1 key at an alternate location (office or vacation home - the further away the better)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏰" title="Europäisches Schloss" aria-label="Emoji: Europäisches Schloss"> 1 key at an access-controlled location (vault service or safe deposit box)
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We also recommend these ground rules for each location:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔐" title="Geschlossenes Schloss mit Schlüssel" aria-label="Emoji: Geschlossenes Schloss mit Schlüssel"> It’s under lock & key (ideally in a safe w/a non-digital lock)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📆" title="Abreißkalender" aria-label="Emoji: Abreißkalender"> You can access it at least once a year
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌐" title="Weltkugel mit Längengraden" aria-label="Emoji: Weltkugel mit Längengraden"> It has NO known overlapping environmental risks w/other keys (i.e. not same fault line or floodplain)
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No single location is perfect …
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The mix of each location type’s strengths, and the implausibility that all 3 weak points will be exploited simultaneously, keep your #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> safe.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="☝️" title="Zeigefinger nach oben" aria-label="Emoji: Zeigefinger nach oben"> Far safer than entrusting all your funds to a single third party, or protecting them at one location.
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Two notes in closing:
1 - Every key placement plan is unique. We work closely with our clients to help them develop their personal threat model.
2 - Casa will never ask for or record your specific key locations. This is for your safety and ours.
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1 - Every key placement plan is unique. We work closely with our clients to help them develop their personal threat model.
2 - Casa will never ask for or record your specific key locations. This is for your safety and ours.
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And finally:
Key placement is not a ‘set it and forget it’ operation.
This is especially true in 2020.
While keeping keys in different jurisdictions may have been popular 9 months ago, restrictions have made it difficult to access remote keys.
https://blog.keys.casa/multisig-in-a-pandemic/
10/">https://blog.keys.casa/multisig-...
Key placement is not a ‘set it and forget it’ operation.
This is especially true in 2020.
While keeping keys in different jurisdictions may have been popular 9 months ago, restrictions have made it difficult to access remote keys.
https://blog.keys.casa/multisig-in-a-pandemic/
10/">https://blog.keys.casa/multisig-...
One of the most important things we do is work with clients to develop their threat model and keep it up to date.
If a key is inaccessible or lost permanently, Casa is on standby to send you a factory fresh hardware wallet overnight and guide you in re-locating it.
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If a key is inaccessible or lost permanently, Casa is on standby to send you a factory fresh hardware wallet overnight and guide you in re-locating it.
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Curious to learn more about how we work with our Platinum and Diamond clients?
(Or just want pick up some free tips on #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> key security :)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙌" title="Raising hands" aria-label="Emoji: Raising hands"> Book a call now with our Client Services team: https://calendly.com/casa-client-services/call-with-an-expert?month=2020-09">https://calendly.com/casa-clie...
(Or just want pick up some free tips on #Bitcoin