$MASKS

Duress wallets for bitcoin owners: should you use them?

One of the defense tactics when you are under physical pressure is a duress wallet - a special fake wallet with a small amount of bitcoins that you can hand over to the attackers, while keeping the bulk of your funds. But is it worth relying on this strategy?

💡 Why duress wallets may not be effective:

➖ Criminals may know more about you than you think.
➖ The reaction of criminals is unpredictable - handing over part of the funds can lead to escalation.
➖ Maintaining the credibility of such a wallet is difficult - if it has not been used for a long time, it will raise suspicions.

⚠️ What is the best way to protect yourself?

➖ Strengthen privacy - share less information about your crypto assets.
➖ Use multi-key protection (multisig), distributing keys in different places.
➖ Strengthen operational security: complex passwords, two-factor authentication, device protection.