Difference between revisions of "ICP custody options"
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==Maximum Control Option== | ==Maximum Control Option== | ||
| − | Use your | + | Use your [[seed phrase]] directly with a few options for self-custody tools. |
===Traits=== | ===Traits=== | ||
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* This option requires more technical understanding | * This option requires more technical understanding | ||
* User has the most control over their ICP. | * 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 | + | * 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 | * Ideal for people who want as much control over their ICP as possible | ||
Revision as of 04:53, 10 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
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Examples if you prefer to have maximum control of your keys
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Maximum Ease Option
Use Internet Identity with the NNS frontend dapp.
ICP Custody with 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
- 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