The decoy wallet is a good way to save yourself some serious hassle, losing funds, cancelling credit cards, reissuing ID and driver’s license etc.

Now you can do the same for your Bitcoin lightning wallet. Sadly it’s only for iOS for now, but Blue Wallet has the Plausible deniability feature: https://bluewallet.io/features/#pdeniability

Note: This is not financial advice. You should consult your accountant or your financial advisor for any decisions you make.

I tend not to cover anything that is iPhone-only because it’s stupid and problematic, but this is an important-enough feature that I had to share.

Ledger - Crypto Beginners Pack

Blue wallet:

Bitcoiners on the road, we got your back. Blue allows you to define a different password which will open a 2nd wallet set up. For any situation where you are forced to disclose your access or for when you don’t want to show your real wallet.

Plausible deniability

A feature thinking about your personal security. BlueWallet allows you to define a different password which will decrypt a “fake” wallet set up. For any situation where you are forced to disclose your access or for when you don’t want to show your real wallet.

Download Blue Wallet https://bluewallet.io/

How many sats should you have in the dummy wallet?

It depends on your game theory. I suggest something that is above the psychological limit of 100, e.g. 100 dollars, 100 euro etc. Enough that the mugger would be satisfied to leave you alone. Too little and they might get angry or not believe you, putting you in further danger.

If you want to pair this feature with maximum protection for your bitcoin, you can get a Coldcard Wallet that also has a decoy PIN.

BullionVault

0 Comments

Leave a Reply