Difference between revisions of "ICP custody options"
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* [[ICP custody with seed phrase and air-gapped machine]] | * [[ICP custody with seed phrase and air-gapped machine]] | ||
| − | ==Sef-custody: Maximum Ease Option == | + | ==Self-custody: maximum ease or maximum control== |
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| + | ===Sef-custody: Maximum Ease Option === | ||
If you choose self-custody, the option which maximizes ease is: [[ICP Custody with NNS frontend dapp]]. | If you choose self-custody, the option which maximizes ease is: [[ICP Custody with NNS frontend dapp]]. | ||
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It consists of [https://medium.com/dfinity/internet-identity-the-end-of-usernames-and-passwords-ff45e4861bf7 Internet Identity] with the [https://nns.ic0.app/ NNS frontend dapp]. | It consists of [https://medium.com/dfinity/internet-identity-the-end-of-usernames-and-passwords-ff45e4861bf7 Internet Identity] with the [https://nns.ic0.app/ NNS frontend dapp]. | ||
| − | ===Traits=== | + | ====Traits==== |
* Most convenient. Entirely web-based. No need to download or install anything. | * Most convenient. Entirely web-based. No need to download or install anything. | ||
* [https://nns.ic0.app/ NNS frontend dapp] has all the functionality you need | * [https://nns.ic0.app/ NNS frontend dapp] has all the functionality you need | ||
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* This custody solution has staking built-in if you want to stake as well | * This custody solution has staking built-in if you want to stake as well | ||
| − | ==Sef-custody: Maximum Control Option== | + | ===Sef-custody: Maximum Control Option=== |
If you choose self-custody, the option which maximizes control is: | If you choose self-custody, the option which maximizes control is: | ||
Revision as of 20:10, 7 January 2022
Do you want maximum control of your keys?
No, then use 3rd party custody solutions
3rd party custody solutions allow you to interact your ICP and trade-off consumer experience for control. The trade-off is simple: if you do not feel comfortable managing your own keys and are willing to have a third party have access to your keys for the sake of being hand-held through the process, then 3rd party solutions can be the right choice for you.
Here are some examples:
Yes, then use self-custody
- ICP Custody with NNS frontend dapp
- ICP custody with Ledger Nano
- ICP Custody with Quill (Minimalistic ledger and governance toolkit for cold wallets) Networked computer
- ICP custody with seed phrase and air-gapped machine
Self-custody: maximum ease or maximum control
Sef-custody: Maximum Ease Option
If you choose self-custody, the option which maximizes ease is: ICP Custody with NNS frontend dapp.
It consists of Internet Identity with the NNS frontend dapp.
Traits
- Most convenient. Entirely web-based. No need to download or install anything.
- NNS frontend dapp has all the functionality you need
- This is a very common method
- Ideal for people who want to want the easiest path to control their ICP
- This custody solution has staking built-in if you want to stake as well
Sef-custody: Maximum Control Option
If you choose self-custody, the option which maximizes control is:
You can use your seed phrase directly with a few options for self-custody tools.
Traits
- This option requires more technical understanding
- User has the most control over their ICP.
- This is the safest option from a software point of view because the user is relying on less software surface area, but it is the riskiest from a human point of view in that it puts the risk of the user's seed phrase and private key custody on them.
- Ideal for people who want as much control over their ICP as possible
- This custody solution has staking built-in if you want to stake as well