this post was submitted on 23 Feb 2024
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If you are going to "be your own bank" you need some very basic computer security skills like:
If you can't be trusted to do that, you need to pick a trusted custodian to manage access to your funds (you know, like banks), preferably somebody who can get an insurance company to under-write your no-opsec-having-ass. Unfortunately, in the crypto world, these trusted custodians few and far between and have a terrible track record with exchange collapses etc. It's getting better, but it's still a mess. Hopefully as time goes on and the industry gets better regulated and more mature, this will be an easier thing to do.
The more I learn about web3/crypto, it is increasingly getting closer to real life financials with all the same pitfalls and extra crypto problems
Yeah, I recommend looking up the most popular hardware wallet and downloading their app from the website. Then doing a round-trip transaction in some currency like XLM.