Binance banned from doing business in UK

Re:Binance banned from doing business in UK by codeisawesome on Sunday June 27, 2021 @11:51PM (#27657961)

What is a competent and trustworthy guide for choosing a cold wallet strategy? There are many products on the market and none seem trustworthy. Is a raspberry pi kept offline with an external storage drive a good strategy? When the pi needs kernel patches etc, I’d unplug the drive in this scenario?

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Re:Binance banned from doing business in UK by AgentME on Monday June 28, 2021 @01:01AM (#27658284)

A dedicated hardware wallet like Trezor or Ledger is likely a much better setup than a homebrew setup on a general purpose computer.

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Re:Binance banned from doing business in UK by codeisawesome on Monday June 28, 2021 @01:32AM (#27658431)

What if those brands are compromised or back-doored by internal or external actors? Just look at the Western Digital fiasco recently. Do these wallets call home at all? Also: aren’t backups easier to make on a normal SSD?

(PS: these are my personal genuine concerns and I’m at least somewhat willing to have my mind changed: not trolling or being argumentative for entertainment)

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Re:Binance banned from doing business in UK by AgentME on Monday June 28, 2021 @03:45PM (#27666883)

Trezor is open source, and neither of them connects to the internet directly. They only connect to open source programs on your own computer, so the ways they talk to the outside world are known.

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Re:Binance banned from doing business in UK by codeisawesome on Tuesday June 29, 2021 @11:42PM (#27684618)

Thanks, I’ll look more deeply into this.

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