ICP custody options
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Revision as of 21:08, 9 November 2021 by Diego.prats (talk | contribs) (→Options: Maximum ease or maximum control?)
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