Security & Best Practices
Essential security practices and optimization strategies for safely using ReserveBTC and maximizing your Bitcoin DeFi experience.
Security Best Practices
✅ Essential Security Habits
Use Hardware Wallets
Store Bitcoin on hardware devices for maximum security
Verify All Addresses
Double-check addresses before any transaction
Keep Software Updated
Update wallets and browsers regularly
Use Official Interfaces Only
Always access via app.reservebtc.io
Monitor Regularly
Check balances and transactions frequently
❌ Security Risks to Avoid
Never Share Private Keys
No legitimate service will ask for private keys
Avoid Public WiFi
Use secure networks for all transactions
Don't Sign Unknown Messages
Only sign ReserveBTC verification messages
Avoid Custodial Wallets
Don't use exchange wallets for verification
No Phishing Links
Always type URLs manually or use bookmarks
Operational Excellence
Gas Fee Optimization
Cost-Saving Tips
- • Batch multiple operations together
- • Use rBTC-SYNTH for lower gas costs
- • Monitor gas prices before transactions
- • Plan larger operations during low activity
Gas Estimation
- • Verification: ~0.001 ETH
- • Token minting: ~0.0005 ETH
- • Balance sync: ~0.0003 ETH
- • Token transfer: ~0.0002 ETH
Balance Management
Bitcoin Side
- • Keep Bitcoin in cold storage when possible
- • Use multiple addresses for different purposes
- • Monitor for unexpected balance changes
- • Maintain transaction history records
Token Side
- • Monitor auto-sync frequency
- • Check Oracle dashboard regularly
- • Verify 1:1 backing ratio
- • Track DeFi protocol interactions
DeFi Strategy Best Practices
Token Type Selection
rBTC-SYNTH Usage
- ✓ Personal DeFi portfolios
- ✓ Long-term yield farming
- ✓ Lending protocol deposits
- ✓ Staking mechanisms
wrBTC Usage
- ✓ Active trading strategies
- ✓ Liquidity provision
- ✓ Cross-protocol interactions
- ✓ Complex DeFi compositions
Risk Management
Diversification
- • Don't put all Bitcoin in one address
- • Use multiple DeFi protocols
- • Split between token types
- • Maintain some liquid reserves
Monitoring
- • Set up balance alerts
- • Monitor Oracle performance
- • Track DeFi protocol health
- • Review transaction history
Monitoring & Maintenance
Regular Monitoring Checklist
Daily Checks
- □ Bitcoin balance unchanged
- □ Token balances match Bitcoin
- □ No unauthorized transactions
- □ Oracle sync status normal
- □ DeFi positions healthy
Weekly Reviews
- □ Security backup verification
- □ Software updates available
- □ Protocol announcement review
- □ Performance optimization check
- □ Risk assessment update
Balance Tracking
Keep records of all balance changes and syncs
Built-in trackingAdvanced Wallet Security
Bitcoin Wallet Security
Cold Storage Strategy
- • Keep majority in hardware wallet
- • Use hot wallet for active amounts only
- • Regular cold storage transfers
- • Multi-signature for large amounts
Backup Procedures
- • Multiple physical seed phrase copies
- • Secure location storage
- • Regular backup verification
- • Emergency recovery plan
EVM Wallet Security
MetaMask Configuration
- • Enable transaction notifications
- • Set up hardware wallet connection
- • Review connected sites regularly
- • Use separate wallet for DeFi
Access Control
- • Regular permission audits
- • Revoke unused connections
- • Monitor transaction approvals
- • Use time-limited sessions
Performance Optimization
Sync Optimization
Frequency
- • Auto-sync every 5 minutes
- • Manual sync when needed
- • Batch operations together
- • Avoid excessive syncing
Efficiency
- • Monitor Oracle gas usage
- • Plan balance changes
- • Use optimal address types
- • Minimize dust amounts
Reliability
- • Keep Oracle running continuously
- • Monitor network connectivity
- • Backup Oracle configuration
- • Test failover procedures
💡 Pro Tips
- • Use Native SegWit addresses (bc1) for lowest Bitcoin fees
- • Mint both token types initially to test both workflows
- • Keep small ETH buffer for unexpected gas costs
- • Monitor Oracle dashboard during high Bitcoin volatility
- • Set up transaction monitoring alerts
Emergency Response Procedures
🚨 Security Incident
- Immediate: Move Bitcoin to new secure address
- Disconnect: Revoke all wallet connections
- Secure: Change all passwords and enable 2FA
- Monitor: Watch for unauthorized transactions
- Report: Contact support immediately
- Document: Keep records of incident
🔧 Technical Issues
- Assess: Determine scope of issue
- Backup: Create system state backup
- Isolate: Avoid making additional transactions
- Document: Record error messages and logs
- Support: Contact technical support
- Wait: Don't panic-sell or make hasty decisions