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Author Topic: Keeping your seed phrase safe  (Read 1096 times)

Online Thyplaymaker

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Keeping your seed phrase safe
« on: December 09, 2023, 02:38:21 PM »
There are many ways you can keep your seed phrase safe.
At first don't store your seed phrase on any device that's is connected to the Internet. Like laptop or smartphone(to be safe from hackers) . Instead use a cold storage device, such as a hard ware wallet. You can also use password-

protected documents or physical copy to store in a safe place. But the issue of physical copy is that it might not be safe from physical attack like water or fire. Or you can easily misplaced it.

So just make sure you backup your seed phrase in a safe  location you can easily access.
Is really good to keep your seed phrase safe. Most people have lose alot of cash due to careless keeping of seed phrase. From hackers and mostly they forget the location they store their seed phrase.

And please don't share your seed phrase with anyone no matter any circumstances there's a reason why the seed phrase is private and for personal use.






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Keeping your seed phrase safe
« on: December 09, 2023, 02:38:21 PM »

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Offline Doovla

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Re: Keeping your seed phrase safe
« Reply #1 on: April 08, 2024, 09:46:20 PM »
Exactly, I completely agree. Some of the necessary information, such as codes, should be on a clearly visible application on the phone and should not be forwarded to anyone for any reason, be it to tell you that you will get a computer for mining.

Offline vegasus

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Re: Keeping your seed phrase safe
« Reply #2 on: April 08, 2024, 10:04:04 PM »
There will always be risks wherever we store seed phrases. But it will depend on how we handle it. Because sometimes, some of these things have their own pluses and minuses.

For example, if we save a seedphrase online, the risk is clearly very high, especially when it comes to hackers, well, this is no doubt risky. So we definitely understand, at least don't store it online, it's very easy to get hacked. Moreover, if we often leave digital traces related to emails or other data, this will be even more risky.

Oh yes, if you store data offline, of course there will be a risk of it being lost, stolen, damaged, or affected by any disaster. But, that's out of our control, right? If I really prefer to save it offline, but not just 1. So there are indeed some backups. Well, if for example there is 1 missing, we still have other access.

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Re: Keeping your seed phrase safe
« Reply #3 on: April 08, 2024, 10:05:05 PM »
not sharing the seen phrase is what the wallet will say to you even when you were creating the wallet. its the ultimate advice to obey i think. but keeping the seed can be tricky at some point especially when you have already experienced losing a phone.

so you don't wanna store your seed on the phone but also you want to have easy access to these seed and keys so that you can import them easy as well when needed. and the only option for me to be able to do this is to just keep them on the txt file inside a folder in my phone drive.  i'm sure its not safe but  if you follow what i'm doing, do so at your own risk.  ;D

there are suggestions like storing your keys and pass shares  in an airgapped devices. might as well do that if thats how you wanna secure your funds.

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Re: Keeping your seed phrase safe
« Reply #4 on: April 09, 2024, 12:28:24 PM »


Sharing seed phrases for wallets is considered to be a big insanity not unless of course your wallet has nothing valuable on it and you are just joking. Now, we must make sure we are hiding seed phrases well and is beyond the reach of anybody even from the reach of your wife not unless you both have an agreement to co-own a wallet. In my case, I am manually encoding my seed phrases in a special notebook which only me has an access to...but this is something I am not worried since there are only two people in the house I am living in and usually visitors don't enter my enclosed space. I am actually looking forward for the development of a special technology for cryptocurrency where we don't have to be hiding anything...and what that can be is something I am thinking about.

Offline bayu7adi

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Re: Keeping your seed phrase safe
« Reply #5 on: April 09, 2024, 01:53:53 PM »
See this....


Everything you say on this topic is correct, and if I may recommend one of the cheapest ways to protect our seed phrase using physical objects, then the video above can be your reference too.

Printing writing on a steel plate and then joining it in one place so that it stays together is an efficient way to ensure that the seed phrase is completely protected from heat, liquid corrosion, rust and so on. It only takes one tool which is quite expensive to carve it, but if you buy it together with your friends, you can get it at a cheaper cost.

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Re: Keeping your seed phrase safe
« Reply #6 on: April 09, 2024, 09:54:31 PM »
Sharing seed phrases for wallets is considered to be a big insanity not unless of course your wallet has nothing valuable on it and you are just joking. Now, we must make sure we are hiding seed phrases well and is beyond the reach of anybody even from the reach of your wife not unless you both have an agreement to co-own a wallet. In my case, I am manually encoding my seed phrases in a special notebook which only me has an access to...but this is something I am not worried since there are only two people in the house I am living in and usually visitors don't enter my enclosed space. I am actually looking forward for the development of a special technology for cryptocurrency where we don't have to be hiding anything...and what that can be is something I am thinking about.
Convenience often does not come with security. Companies like Ledger and Trezor have not yet found the most effective way, so self-recording and storing private keys is still being used. Users will be safe from cyber attacks and will not worry about their private keys being stolen by hackers.

Personally, I think a new laptop and Ubuntu operating system are secure enough to manage and protect private keys, while not being too inconvenient to access accounts when needed. I have been using Ubuntu for many years and have never encountered any viruses. Everything is done with a very high level of security. This way, I can access my crypto accounts when I need to without having to manually enter my private key each time.
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Re: Keeping your seed phrase safe
« Reply #6 on: April 09, 2024, 09:54:31 PM »


Online Aanuoluwatofunmi

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Re: Keeping your seed phrase safe
« Reply #7 on: April 09, 2024, 11:34:07 PM »
If we are eager on making an investment then we should also consider the way we are going to make our seed phrase a secured one, this start by us finding an alternative means of keeping this seeds in a more secure and private means that we are the only one to have access to them, when we have derived a means of achieving the best privacy we want, we are going land at getting the seeds safe.

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Re: Keeping your seed phrase safe
« Reply #8 on: April 09, 2024, 11:41:33 PM »
The crypto space is all about security and most especially when you relate it to your wallet, the only way I feel any crypto enthusiast should be losing with his or her seed phrase is when that particular user lacks the knowledge on the important of keeping his or her seed phrase safe. For me I always relate the seed phrase to the actual keys to the account but the reason why the seed phrase is so much delicate is that if the seed phrase is lost the possibility of you getting access to your slim is almost impossible.

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Re: Keeping your seed phrase safe
« Reply #9 on: April 10, 2024, 12:38:23 AM »
You are your bank so it is important that you know how to secure your seed phrase and not only your seed phrase but your machine and yourself also, you have to be good at securing your machine and learn how to protect it and you must know how to control yourself in telling people about your investment in Cryptocurrency because they might target.

You do not have a third party to rely on, this is not a bank where you have to ask for support when you encounter issues, just like they do in the banking system.
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Re: Keeping your seed phrase safe
« Reply #10 on: April 10, 2024, 12:55:21 AM »
The crypto space is all about security and most especially when you relate it to your wallet, the only way I feel any crypto enthusiast should be losing with his or her seed phrase is when that particular user lacks the knowledge on the important of keeping his or her seed phrase safe. For me I always relate the seed phrase to the actual keys to the account but the reason why the seed phrase is so much delicate is that if the seed phrase is lost the possibility of you getting access to your slim is almost impossible.
Cryptocurrency is cool, bitcoin is cool but people run away from using bitcoin the right way because of fear of losing their bitcoin. Instead they resorted to using the centralized system.
Every crypto enthusiast needs to be careful this time because it will be painful to save all through the bear market and when it is time to reap in the bull market you get hacked. If anyone is to be his own bank, they should be cautious of security.
« Last Edit: April 10, 2024, 01:02:44 AM by KingsDen »
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Re: Keeping your seed phrase safe
« Reply #11 on: April 10, 2024, 07:29:05 AM »
It doesn't matter how much increase their holding, if he cannot keep his seed phrase safe then his holding is worthless. The investor must ensure the security of his seed phrase before investing. Some users store their seed on any online platform for its easy access which carries fatal risk. Those seeds can be lost at any time. It is easy for hackers to steal seeds from online platforms if a user does not store them properly. Moreover, keeping the seed in a physical place does not provide 100% security. No smart phone or internet platform is safe. For seed frames I personally prefer airgapped devices which can give me maximum assurance.

Online Findingnemo

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Re: Keeping your seed phrase safe
« Reply #12 on: April 10, 2024, 09:28:13 AM »
Instead use a cold storage device, such as a hard ware wallet. You can also use password-

Hardware wallets doesn't necessarily mean a cold storage but HW are designed in a way that can't be affected even when they are connected to an infected device but Ledger itself stealing user's seeds via their app show we can't trust any manufacturer completely.

Create wallet on a new device, remove all the hardware that let us to connect the device to internet and sign in TX from offline then broadcast from another device which is connected to internet and this is the only way that we can ensure 100% safety of our wallet.

Storing seed phrase safer is different and it has to be taken care on offline environment too.
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Re: Keeping your seed phrase safe
« Reply #13 on: April 10, 2024, 09:56:46 AM »
Keeping seed phrase safety is most important how to protect our cryptocurrency assets and private place as flash disk for saving it or note by writing on note book. I have bad memorize when giving loan of my flash disk but have personal wallet there and indirectly all my assets gone.
Use hard ware wallet could be good option but keep educate and teach your family understand well how to use it when some thing happen to you, but if get difficult when holding bitcoin or altcoin assets in hardware wallet better use trusted exchange with local currency exchange or global to make your family easily to access.

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Re: Keeping your seed phrase safe
« Reply #14 on: April 10, 2024, 01:13:42 PM »
as long as you are not clicker of links from here and there there is a lesser chance of being hacked but of course this is not an assurance because  hackers are good in their professions.

and you are completely correct about safekeeping  our seeds because that will determine the future of our holdings.

 

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