Post
Topic
Board Beginners & Help
Re: The cost of maintaining wallet
by
Ultegra134
on 13/05/2023, 18:23:49 UTC
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First send your seed phase or private keys to your emails, also use them to compose a little song only can listen anytime, write it down in your diaries, and makes sure have a google doc to save your wallet keys and other information.

I do not know if you are serious or trying to be sarcastic, but this is just terrible and extremely dangerous advice, and should never be followed, especially by novice bitcoin investors who may not have a clear understanding of the security risks involved in such actions.

Sending private keys or seed phrases through email or storing them in an online Google Doc can lead to security breaches and make your cryptocurrencies vulnerable to theft. It is crucial to keep your private keys and seed phrases offline, preferably on a hardware wallet, and in a secure location.
Exactly. Your seed phrase or private key is supposed to stay offline and out of devices such as your phone. It's a common mistake that I've also made myself; your phone's storage isn't as vulnerable as uploading it online, but it can still be subject to theft or a possible malware attack that steals your data. There's a decent chance that it won't happen to you; Google services are generally secure and also require two-factor authentication (2FA), but there are a handful of security breaches on other services that can expose your information.

I don't understand what kind of maintenance a wallet needs, like the OP is suggesting. Just store your private key on a piece of paper in several spots around your house, and you should be fine.