Axxial is a service and consultant provider for Bitcoin self-custody.
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In order for bitcoin to move from an address to another, the sender must have access to the private keys used to sign and validate a transaction. Therefore, securing your private keys is the key to securing your bitcoin. Keeping your private keys safe is intimidating for many new bitcoiners – it’s our job to help you understand how simple and easy it can be to take custody of your own private keys and to support you in using them properly.
A hot wallet is essentially an application that you can download on your mobile phone or computer.
While the wallet itself that your keys are stored on is secure, the hardware that the wallet is installed on could potentially be compromised.
Recommended Use
A cold storage wallet generates the private key on a dedicated hardware device that isn't connected to the internet.
This device can be used to send and receive bitcoin using a simple PIN.
Recommended Use
A cold storage wallet generates the private key on a dedicated hardware device that isn’t connected to the internet. This device can be used to send and receive bitcoin using a simple PIN.
Multisig stands for “multiple signature” and means that you need to have several sets of keys to access a single wallet.
A multisig wallet can be set up in many different ways, but the most popular examples are a 2-of-3 & 3-of-5. For example, with a 2-of-3 multisig setup, you’ll have three sets of private keys stored in different locations or held by different people, and you’ll need two of them to sign a transaction (i.e. spend the bitcoin).
Recommended use
Running your own node is something that anyone can do regardless of the type of wallet they use in order to verify the contents of their wallet. A bitcoin node contains the entire history of bitcoin transactions recorded on the bitcoin blockchain and is connected with peers on the bitcoin network to reach consensus on the rules governing the bitcoin network and confirm the validity of new transactions.
Running your own node is the only way that a user can independently verify the authenticity of their bitcoin and avoid having their transactions censored.
Recommended use