Post
Topic
Board Bitcoin Discussion
Re: What if...
by
xSkyer
on 09/12/2017, 18:59:59 UTC
Thanks for clarifying. What I'm understanding is that a secure hard copy of the seed phrase is the fundamental action taken to create a recovery method.

Yes. That is why it is important to have a few backups of your seed in different places. Don't forget to encrypt it in case someone finds it and steal your bitcoins. Using passphrase is a good idea in such case because it works like a 25th seed word. It is much easier to remember one word, isn't it? A lot of people have lost their BTC because they haven't backed up their seed properly. There are companies which sell fireproof and waterproof seed storage.