If I run a bitcoin node, does it also give me my own private wallet to store BTC?

Considering the most secure option instead of a ledger.

#run #bitcoin #node #give #private #wallet #store #BTC

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castorfromtheva

Running a fullnode and securely storing funds are two completely different things. Never store your funds in your fullnode’s wallet. It’s a hotwallet.

Use a hardware wallet to securely store your funds. Connect your hardware wallet to your fullnode to do your transactions and stuff.

Raverrevolution

Yes, but realize that it’s a hot wallet, so it’s always connected to the internet with keys exposed

bleak77

The Electrum wallet is included with the Node download. It’s a solid wallet but it’s barebones GUI speaking.

What I have on my full node PC is the full node software which is taking up about 700GB atm, Sparrow (wallet) and a Trezor One.

And they connect with each other. The Core “sees” my Sparrow and Sparrow is connected to Trezor.

[This site](https://armantheparman.com/) is particularly useful although it’s geared toward Linux which I highly recommend you get into if you’re not already.

How to use the Trezor One Hardware Wallet (with Sparrow Bitcoin Wallet)
[https://armantheparman.com/trezor/](https://armantheparman.com/trezor/)

Connect Sparrow Bitcoin Wallet to Bitcoin Core
[https://armantheparman.com/sparrowcore/](https://armantheparman.com/sparrowcore/)

Connect Wallet to Node
[https://armantheparman.com/wallet-to-node/](https://armantheparman.com/wallet-to-node/)

SIX REASONS WHY YOU SHOULD RUN YOUR OWN BITCOIN NODE
[https://bitcoinmagazine.com/culture/six-reasons-you-should-run-bitcoin-node](https://bitcoinmagazine.com/culture/six-reasons-you-should-run-bitcoin-node)

Phoenixstar23

I wouldn’t store BTC there but use it only as a hotwallet for doing transactions. If you do run a full node, you might as well be running lightning as well to get the advantages there as well. Otherwise, keep your main stash on a cold wallet, preferably air gapped.

Kubix

If you think a node is safer place to store your BTC than a Ledger you need to reassess your security measures.

0xSOL

You can try this is you have an extra computer laying around:
https://electrum.readthedocs.io/en/latest/coldstorage.html?highlight=offline

urmomsspaghetti

There probably won’t be enough eyeballs on this post, but has anyone ever had their hot wallet funds stolen?

void_evilness

Running a full node gives you no extra benefits in return. Think of it as volunteering

Additional-Koala-672

Bitcoin core does, yes. If you’re running the GUI version.

ebahr

Yes

Cab000se

You can use a full node to create multiple Wallets, doesn’t have to be a hot wallet.

LiveDirtyEatClean

Nodes are hot wallets. When you open lightning channels you can store that bitcoin on there and transact with it, its kind of like your checking account. But you don’t want a large amount on there.

albenstein

BTC storage should be multisignature self custody.

The high end solution is keys.casa.

The DIY solutions are glacier protocol and dyi multisig with Electrum . If you diy, don’t use all the same hardware devices, only use one from any manufacturer. This way if any are compromised, your BTC are safe. For example, if you do 3 of 5 like casa, you’d have to have 3 companies devices compromised, and then someone would have to know your 3 devices are for the same multisig wallet. Did I get that wrong?

Apparently unchained is also an option but I know almost nothing about it.

Anyone have any better ideas?

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