Post
Topic
Board Bitcoin Technical Support
Re: Bitcoin Wallet & Seed Storage Question?
by
Hal9900
on 28/06/2019, 00:17:35 UTC
O.K., So I think I have made up my mind as to what I'm going to do. Tell me what you think of my ideas.

1. As stated, I purchased two Ledger Nano X's. I will hide one with my Bitcoin on it somewhere in my apartment. I will keep the second Ledger brand-new, unused in my desk drawer. This way if a thief comes into my apartment they will think that they found the Ledger with the Bitcoin on it. Also, in the future, if the Ledger with the Bitcoin on it wears out for some reason, I will have a back-up.

2. I will use the random BIP39 seed word that the Ledger Nano X generates. (Thank you for saving me here, guys!) I will also use a PIN.

3. Perhaps the most controversial part. I will write my 24 word seed phrase with "archival" permanent invisible ink in a book. I will duplicate this in another book and keep the second book in a safety deposit box or in a P.O. Box at the post office. (I will check from time-to-time the longevity of the ink.)

O.K., So there it is. Is it a sound and effective plan? Thank you.

P.S. I wish I had the "NeuroticFish" username because that's what I've become. A computer I am not.