TREE NEWS reports: Hardware wallets are not the only option for securing bitcoin, with ETFs, passkeys and multisig accounts offered as alternatives to devices like Ledger. Each approach carries its own risks and trade-offs, ranging from counterparty exposure with ETFs to key-management complexity with multisig setups. The comparison covers five alternatives to hardware wallets for bitcoin custody.
Five Alternatives to Ledger for Storing Bitcoin
The framing of ETFs and passkeys as alternatives to self-custody hardware wallets reflects how custody is being repackaged as a convenience product, with the trade-off shifting from device risk to counterparty and key-management risk. This matters most for holders who treat a hardware wallet as the default without weighing what they are actually outsourcing. Whether the market treats ETF exposure and multisig setups as comparable custody choices, rather than different risk categories, is the open question.
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