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There's no better reminder that you are balls deep in crypto than getting a new device and having to get that device crypto-functional

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So, I thought I was self aware. I enjoy crypto, think it's cool. I'm invested in it, but I always thought, "I'm not crazy about it." I also thought that it would be relatively easy for my spouse to recover my crypto if something happened to me (as she knows where I store my seed phrases).

Today, I got a new laptop and went to set it up, and my oh my, was there a lot more than I thought. Here's the overview of everything I had to do.

  • First, get securely hidden documents with seed phrases listed
  • Laptop came pre-installed with Chrome. Go on Chrome, download Brave.
  • In Brave, set up wallets/extensions
  • Import Brave wallet
  • Connect Brave to Gemini
  • Next, download metamask extension
  • In metamask, first imported my Reddit vault
    • Add Polygon Network
  1. Add wETH
  2. Add USDC
  3. Add wBNB
  4. Add Bitcone (Reddit Avatar Memecoin)
  • Add Arbitrum Nova Network
  1. Add Moons
  2. Add USDC
  3. Add Moon/ETH LP token
  1. Add wETH
  2. Add USDC
  • Add Arbitrum Nova Network
  1. Add Moons
  • Go to Opensea and connect my Reddit vault to OS.
  • Connect wallet to DEXes and DeFi apps (sushi, rcp swap, quick swap, uniswap)
  • Set up Bitcoin Hot Wallet (download/import seed)
  • Next, download AlgoSigner extension so I can use Algorand DApps
  • Next, set up Algorand Wallets
    • Import seed for hot wallet
      • Connect hot wallet to DeFi and Dex
    • Go to set up Ledger X
      • Get Ledger out of secure location
      • Connect Ledger X to computer
      • Set up Ledger X on new computer
      • Import Ledger through MyAlgo
  • Next, add Eternl extention (Cardano wallet)
    • Import Cardano Hot Wallet
      • Connect hot wallet to DeFi, Dex, and NFT Marketplace
    • Import Ledger account
  • Download CKB Full Node Wallet (Neuron)
    • Download
    • Import seed
    • Sync

Between all the downloads, finding seeds, and finding contract addresses on Metamask, the process took me about 4 hours to complete, and I know exactly what I was doing. I also only hold 6 tokens (plus free BAT that I convert to BTC). I can't imagine how long the process would take if I had a portfolio of 15+ coins.

We preach about the importance of self-custody, and I agree it's incredibly important. However, currently the average person would not be able to figure out how to recover all the lost coins of a relative. I think within the next 5 years, we will start seeing "crypto basic" courses being taught to high schoolers and at least giving people the fundamental understanding of what needs to be done to recover the loses

submitted by /u/002timmy
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