SecureBTCWallet launches to protect Bitcoin owners from custodial risks

Following the FTX scandal, Bitcoiners have been running away from well-known exchanges like Binance and Coinbase in leaps and bounds. Non-custodial solutions like SecureBTCWallet provide a safe shelter.
 
Nov. 15, 2022 - PRLog -- SecureBTCWallet (https://www.securebtcwallet.com) is a secure non-custodial Bitcoin wallet that lets you store, send and receive your digital assets safely, available on Linux, MacOS and Windows computers.

The security of SecureBTCWallets comes from its simple architecture that relies on a well-known Bitcoin standard, BIP-39. With BIP-39, one can create a unique wallet with 24 keywords. Plus, SecureBTCWallet is designed to minimize its users network exposure. The app is offline in all its critical functions, and makes three HTTPS calls only, to check the user's balance, fetch the latest network fees, and submit the signed & encrypted transaction to the Bitcoin network.

The best way to ensure security is to hold on to your Bitcoins, and not give it to some third party exchange, the app creators suggest. As a best practice, the users would have to choose a cold-wallet such as a hardware wallet that they would need to pay for, or use a desktop based software like SecureBTCWallet. While software cold-wallets are available on both mobile and desktop, mobile wallets are known to be prone to misuse, because they're too accessible. Thus, the desktop is the only viable option if the user is not willing to pay for a hardware wallet.

That said, one can increase the security of their funds by splitting them in multiple wallets. "We do not recommend our users to put all their Bitcoins on SecureBTCWalllet. The user will be safer if they divide their Bitcoins into multiple wallets because no matter how secure the Bitcoin architecture is, one may steal your seed phrase and access your funds. So choose your seed phrase wisely, and  do not put all your eggs in a single basket" says the founder of the company that goes by the pseudonym Satoshi.

SecureBTCWallet does not require PII (Personally Identifiable Information) to open an account. One can open an account without entering any personal information such as their name, email address or credit card info. Also, SecureBTCWallet is intentionally kept limited in functionality, to establish a smaller and safer choice. For example, the software does not provide any exchange functionality, so you can't buy or sell Bitcoins, but you can accept payments, move assets from existing exchanges, or transfer to other wallets. "For maximum safety and anonymity, we recommend our users to use localbitcoins to buy & sell Bitcoins" states the company.

For more information and to download, please check out https://www.securebtcwallet.com

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