How to protect your seed phrase
How to protect your seed phrase? This is one of the most common questions asked by those who are beginning to consider protecting their funds.
Currently, there are many ways to store your seed phrase. And, in this article, we will explore the alternatives available to you.
Read on!
Why should we protect our seed phrase?
If you don’t already know, you should keep in mind that the phrase is a sequence of 12 to 24 words generated when creating a wallet.
These words are derived from a standard list and are used to generate the private keys that control your digital assets.
This means that the security of your funds depends directly on the level of protection you implement.
Ways to protect your seed phrase
Okay, now let’s talk about the more conventional options:
Physical storage (paper, metal plates)
Paper is susceptible to deterioration over time and can be destroyed by extreme conditions, so you should add an extra layer of preservation such as in a fire and water resistant safe.
For added durability, you can opt for metal plates designed to resist fire, water and other physical damage although these options also have their risks.
Hardware Wallets (Ledger, Trezor, Cuvex)
Hardware wallets are physical devices that store your private keys securely, keeping them offline and protected against cyber-attacks.
Devices such as Ledger and Trezor are widely recognized in the industry.
However, it is important to highlight alternatives such as Cuvex, 100% self-custodial, works under cold storage (no need for network connection), providing much more security by encrypting your seed phrase on NFC cards.
Phrase fragmentation
Splitting the seed phrase into several parts and storing them in different locations can increase security. For example, you could keep one part at home and the other part in a bank safe deposit box. This method reduces the risk of total loss if one copy is compromised, but requires careful management to ensure that all parts are available when needed.
Safe deposit box or notary
Entrusting the seed phrase to an institution such as a bank or notary may be a good idea. These entities offer high levels of physical security and protection against natural disasters. However, it implies recurring costs and dependence on third parties to access your seed phrase. “Not your keys, not your Crypto”.
