Difference between revisions of "ICP custody options"
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To custody your ICP, you have many options, each with different security and usability trade-offs. Choosing your setup is usually where people get most stuck. | To custody your ICP, you have many options, each with different security and usability trade-offs. Choosing your setup is usually where people get most stuck. | ||
| − | + | ===Summary of the range of options available to you depending on your comfort level=== | |
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[[File:want-max-control-of-keys.png|1024px|max control of keys]] | [[File:want-max-control-of-keys.png|1024px|max control of keys]] | ||
| + | ===Examples if you prefer to have third-party custody of your keys=== | ||
| + | [[File:3rd-party-solutions.png|1024px|3rd-party-solutions]] | ||
| − | + | ===Examples if you prefer to have maximum control of your keys=== | |
| − | + | [[File:elf-custody-staking-options-2.png|1024px|3rd-party-solutions]] | |
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| − | Examples if you prefer to have maximum control of your keys | ||
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==Maximum Ease Option == | ==Maximum Ease Option == | ||
Revision as of 21:08, 9 November 2021
Options: Maximum ease or maximum control?
To custody your ICP, you have many options, each with different security and usability trade-offs. Choosing your setup is usually where people get most stuck.
Summary of the range of options available to you depending on your comfort level
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Examples if you prefer to have third-party custody of your keys
Examples if you prefer to have maximum control of your keys
Maximum Ease Option
Use 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
Maximum Control Option
Use your `seed phrase` directly with a few options for self-custody tools.
Traits
- This option requires more technical understanding
- You have most control over your ICP.
- This is the *safest* option from a software point of view because you are relying on less software surface area, but it is the *riskiest* from a human point of view in that it puts the risk of your `seed phrase` and `private key` custody on you.
- Ideal for people who want as much control over their ICP as possible