How do I choose the most secure setup?
Secure your Bitcoin with a 2-of-3 setup and 21st Capital’s Smart Backup, ensuring your funds are never lost.
How to Choose the Most Secure Setup with Smart Vault
Setting up your Smart Vault for maximum security depends on your personal needs, but most users prefer our expert guidance to ensure everything is correctly configured. The recommended setup is typically a 2-of-3 multi-signature arrangement, where you hold two keys and the third is a failsafe recovery key managed by 21st Capital. This third key is only used if you lose access and request our assistance after a predetermined period of inactivity.
Why Use a 2-of-3 Multi-signature Setup?
This structure provides a high level of security and flexibility. If one of your keys is lost or compromised, you can still access your funds using the remaining two keys. The 21st Capital Smart Backup acts as an additional layer of protection, a failsafe key, ensuring that your assets can be recovered even in worst-case scenarios. However, we only use this key under your explicit request, with the necessary wallet descriptors, and only after the specified inactivity period is met. At no point do we have direct access to your funds or visibility into your wallet balance.
Incorporating Inheritance Planning
For those looking to plan for inheritance, a popular choice is to include a loved one’s key in the multi-signature setup, with customized spending conditions defined by you. This ensures that, in your absence, your designated family member can access the funds under controlled conditions, providing peace of mind for you and your heirs.
Choosing the Best Hardware Wallets
To optimize security, we recommend pairing the setup with hardware wallets that are compatible with our Smart Vault, such as Coldcard MK4, Ledger Nano X, or BitBox02. Using hardware wallets ensures your private keys remain offline, making your setup resilient to online attacks.
Conclusion: Tailoring the Setup to Your Needs
Choosing the right setup with Smart Vault is about balancing security and flexibility based on your unique circumstances. Whether you’re securing your Bitcoin holdings or planning for inheritance, our team at 21st Capital is here to guide you through the process and ensure you have a setup that meets your highest security standards. Contact us to discuss the best solution for you!