weregMar 16

What setup should I have for wallet/s for good opsec for Monero?

https://lemmy.world/post/44346625

What setup should I have for wallet/s for good opsec for Monero? - Lemmy.World

Should I have a cold wallet AND a hot wallet at all? Like, should I for example use a hardware wallet to receive, mine, and send Monero, instead of having more wallets? Should I make a paper wallet with the app that can be downloaded to make offline wallet keys? Then how would I see balance, sign keys, etc.? For BTC, even though I never actually used it (never got BTC), I saw Electrum like this: Create wallet in offline device Export view key to online device Create TX in online device Sign TX in offline device Broadcast TX in online device But for Monero I’m clueless, because I haven’t found any guide properly explaining it.

Show threadshortwavesurferMar 16
Have a hot wallet for your phone where you keep a bit of Monero, say 1 for example. Then you can use something like cupcake and cake wallet/monero.com to make a cold wallet. You should mine with a wallet specifically dedicated just for mining. Once you have some transactions in that mining wallet, you can sweep them all into your main wallet.
Show threadwereg

On anoter note (on different reply so you see it)

  • What is the difference between Cake Wallet and Monero.com?
  • Do you have any reccomendation for hot wallets?
  • Could hardware wallets have any role in it (for the mining wallet, or for the hot wallet, or as an alternative to Cupcake and CakeWallet/Monero.com?
Mar 16 at 8:08pmWeb
Show threadshortwavesurferMar 16
  • Monero.com is the same as Cake Wallet, except that it’s stripped down to only have Monero support and not Bitcoin, Ethereum, etc.
  • Hardware wallets don’t work super well in Monero yet because of the way view keys work. When FCMP and Carrot come in to play later on with the new hard fork, hardware wallets will begin working better.
  • As far as mining goes, mine to a separate hot wallet, and then, once you get some mining done, take those funds and sweep them to either your hot wallet or your cold wallet. It doesn’t really matter. What does matter is that you need a specific wallet that only is for mining and nothing else.

Monero.com makes a good hot wallet, but i prefer Monfluo personally as its totally Monero with no fiat APIs, swaps, etc. It’s very similar to your physical wallet that you have in your back pocket with cash in it. That’s all it does. It followes the unix philosophy of do one thing and do it super well.

Monero.com by Cake Wallet

Buy, use, sell, and learn about Monero, the leading private digital payment method

Show threadweregMar 16
I will set it up like that, try out the apps, and learn more about Monero to know what “FCMP” and “Carrot” mean. Thank you so much!