How to protect seed phrases
How to protect seed phrases? This is one of the most common questions that people who have begun to protect funds.
There are many ways to store seed phrases. And this article will explore the alternatives you can use.
Keep reading!
Why should I protect seed phrases?
If you don’t know yet, keep in mind that this phrase is the order of 12 to 24 words created when making a wallet.
This word is derived from the standard list and is used to create a private key that controls digital assets.
This means that it depends directly on the level of protection in which the security of the funds is implemented.
How to protect seed phrases
Okay, let’s talk about more traditional options.
Physical storage (paper, metal plate)
Paper is easy to worsen over time and can be destroyed under extreme conditions, so additional preservation layers such as fire and waterproof safes should be added.
If durability is added, you can choose a metal plate designed to resist fire, water and other physical damage, but these options are risk.
Hardware Wallet (LEDGER, TREZOR, CUVEX)
The hardware wallet is a physical device that safely stores a private key and keeps it offline and protects it from cyber attacks.
Devices such as LEDGER and Trezor are widely recognized in the industry.
However, it is important to emphasize the following alternatives: cuvexIt works at 100% self -east, refrigerated storage (no network connection), and encrypts seed phrases in NFC cards to provide much more security.
Phrase sculpture
Dividing seed phrases in multiple parts and saving them in different positions can improve security. For example, one part can be stored in the house, the other in the bank safety deposit box. This method requires careful management to reduce the risk of total losses when one copy is damaged, but when you need it, you can use it carefully to use all parts.
Safe deposit box or notary
It may be a good idea to leave seed phrases to institutions such as banks or notary people. The company offers high levels of physical security and protection of natural disasters. However, it can be accessed by seed phrases by repeated costs and dependence on other companies. “It’s not your key, it’s not your encryption.”