Let me break down my 3-wallet strategy—Reserve, Holdings, and Social/Dapps Wallets—by comparing it to how banks manage their systems. 🏦🔒
Think of your Reserve Wallet like a bank’s secure vault. 💎🏰 This is where the most valuable assets are stored, away from regular operations or potential exposure. It’s designed for maximum security and minimal interaction—just like your long-term savings (e.g., BTC) that you never move or sell casually.
Your Holdings Wallet works like a bank’s internal accounts for managing operations. 🔄💳 These funds are ready to move but aren’t exposed to outside risks. Just as banks transfer money internally to support activities without compromising their core reserves, your Holdings Wallet acts as a bridge between your cold storage and your more active wallet.
The Social Wallet is akin to your checking account, which connects to payment systems and services. 🌐🖥This is the wallet you use to interact with dapps, web3 applications, and other blockchain ecosystems. Just like banks manage transactions through secure interfaces, your Social Wallet is designed for activity—but not for holding long-term assets.
By splitting your crypto into these distinct "accounts," you’re mimicking the risk management and operational efficiency banks rely on. It’s a way to protect your keys, assets, and interactions, just as banks protect their reserves, operations, and customer transactions. 🛡️✨
Stay secure,
The Curious Satoshi 💡