Post
Topic
Board Bitcoin Discussion
Re: How to keep safe the mnemonic phrase - Whats Your method?
by
hatshepsut93
on 24/09/2023, 23:57:50 UTC
If you are living in an unsafe place, use a passphrase. If you lose your passphrase backups, you will lose your coins, just as if you lose your seed phrase backups. Do not backup passphrase together with your seed phrase.

Password is not a universal solution, because it comes with a risk. Losing it means losing the wallet too, so you are increasing your chance of locking yourself out of your funds.