Don’t “remember” your seed phrase. Find a better way of recording it and keeping it secure.
Good to have 1 main HODL in cold storage, and smaller amounts in software or mobile wallets for spending/accumulating.
Discussion
Thanks mate 🙏 really appreciate your detailed answer 💜
Would you consider a steel plate as a better way? Stored in a safe location?
What cold/ hotwallets would you recommend?
Trezor with Bitcoin only software is good. Also some steel plate or tube is better than paper
Thanks 🙏
I am not sure about a lot of steel plates. Some are to engrave the seeds and i feel that oxidation especially related to a fire or water could make them unreadable.
Tubes are only to put a paper in, right? So its still the paper risk.
Then there are some steel wallet where you can put the metal letters one by one or tubes that store metal rings … with ghose i would be afraid that the order of letters / words might be destructed some day …
No, it’s fully steel. Here’s a good one IMO: https://cryptosteel.com/product/cryptosteel-capsule-solo/
It’s not really possible to change the letters, because there is a safety pin/clip. Even if you want to do a backup, you don’t take the pin off.
Ah here is the answer 🙏😅
But what about force? Say an explosion 💥
I have used a ledger nano. It’s super simple and works.
My seed phrase is hammered into steel and in a secure place.
Otherwise I have some bitcoin and lightning in software wallets.
That sounds doable for now. I will get into multisig when my btc amount grows, but for now i think i might settle with something like that.
Do you think it is enough to have only one steel plate? Or better to have two copies of the seed phrase in different lications? 🤔
Always better to have back ups, but the amount of backups is limited to the number that you can keep “secured”. Keep in mind that if someone finds you were seed phrase, you have lost your bitcoin.
Yeah have to consider that…
What about just storing 23 words at 2 sage locations and the last word somewhere else?
I don't really do phrases only keys but yeah, good luck remembering all your keys throughout the years. I've got two fire resistant cold storage metal cards and outside of that I just use 3 pen-drives duplicating each other, encrypted, stored in different locations. It's the only form of key storing I'll ever need tbh.
I saw your YouTube video in saving keys 🙏💜
Why you don’t use seed phrases? Isn’t it more simple?
A phrase will recover the address from one particular wallet but over the years there has been many of those and back in the days we didn't really have phrases, just keys. So you could say I grew up with keys.
Also, if you store individual keys instead of phrases you can import any key to any wallet of that respective chain at any time. Or use the same key across multiple devices, up to you. Phrases, I don't know, they aren't for me.
