If you want to protect your cryptocurrency wallet, you can use a lot of methods. All you need to do is save your recovery phrase. In other words, you need to ensure the safety of your recovery seed. In this article, we are going to share with you 4 tips that will help you protect this recovery phrase. Read on to find out more. |
What is a recovery seed?
First of all, the recovery phrase refers to the origin of your private keys as well as public addresses. In other words, if someone finds out about your recovery phase, they will be able to steal your funds. Generally, the recovery phase refers to a set of 24, 12 or 8 words.
Without further ado, let's read about the tips that will help you ensure the safety of your recovery phrase.
1. Basic Backup
When you get a new wallet, you will also get 12 or 24 words to create a basic backup. So, what you need to do is save those words. Generally, you may be asked to set a password or pin code. The purpose of this password is to perform the encryption of the recovery phase.
If you forget your encryption password, you can use the recovery phrase in order to restore the wallet in a few seconds. So, we suggest that you write it down and put the document in a safe place. Nobody should be able to access this document without your permission.
2. Try Distributed Backups
If you cannot store the backup in a safe place, we suggest that you store the backup in multiple parts. For example, if your recovery phrase consists of 24 words, you can divide these words into two groups and store each group in a different location.
However, you need to make sure that you remember the places where you have stored the backups. If you can do that, you will be on the safe side.
3. Try a Passphrase Trick
If you want to enjoy added security, you can use a passphrase. Generally, this refers to an additional word that you can add to your seed. If you add an additional word, you will be able to enjoy a higher level of security.
4. Use a Resilient Backup
You can also try a strong and long-lasting solution. Generally, you can write down recovery phrases on a piece of paper. The downside is that the paper will deteriorate with the passage of time. Besides, it can also go through a lot of wear and tear. After a couple of years, it may become difficult for you to read the words.
So, what you can do is go for a durable solution. For instance, you can engrave these words on a piece of stainless steel.
Love story short, we suggest that you follow these 4 tips if you want to ensure the protection of your crypto recovery phase.
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