Quote from: The Cryptovator on April 05, 2025, 05:38:31 PM

I am just wondering why I should trust a third-party service and pay them to store my own Bitcoin. Why a hardware wallet can't be used to store our Bitcoin. Even I don't like Ledger's third-party 2FA system when we can control the wallet by ourselves. A Bitcoin wallet must be non-custodial; either it's a hardware or software wallet. But we always prefer open-source hardware wallets.

However, I don't see any point of view as a Bitcoin user; why should we use their service? And there is a big amount we have to pay them as well monthly. Rather use a hardware wallet and secure our keys in multiple places. So if one gets damaged along with the device, we can recover from another seed.

This was part of my point here

Quote from: BenCodie on April 04, 2025, 03:06:19 AM

The service is taking advantage of uneducated people, ripping them off by getting them to think that multi signature setup and security is a service that needs to be paid for. It costs nothing to setup a multi signature wallet and yet they charge these kinds of fees that no where near justify the cost. I think it should be scrutinized.

No one would take advantage of this service if it was free, as the risk would be that the service no longer exists in some years (and miraculously so will the access to the Bitcoin). Not only does this risk still exist with this service but because a high price tag on it, it makes it seem unachievable to the normal person who might not realize that they can setup something long term without paying a company this much.