Re: How to keep safe the mnemonic phrase - Whats Your method?
fellow members,
As we all know keeping mnemonic phrases in a secure place is the first step of the Bitcoin journey. But there are a few things that come to my mind:
->Writing and keeping it with you/your place: What if someone got access in your absence of theft or any disaster?
-> Keeping it online in email or any other way is risking your funds.
What can be the best possible way, My favorite method is to use a metal keycard where I mark the phrase buy again it can be stolen
What is your way?
Protecting of Bitcoin wallet seed phrase or private key is very important because if someone gets access to them you will lose your Bitcoin. After you have created your wallet write down the seed phrase on paper and store it in 2-3 safe places only known to you, as a backup. So that if your wallet is damaged you can restore your wallet with your seed phrase and gain access to your coin, backups should be in a place where disasters will not affect them. It is also important to regularly check if your backup is in good by checking if it is still in the place you kept it. As we all know keeping mnemonic phrases in a secure place is the first step of the Bitcoin journey. But there are a few things that come to my mind:
->Writing and keeping it with you/your place: What if someone got access in your absence of theft or any disaster?
-> Keeping it online in email or any other way is risking your funds.
What can be the best possible way, My favorite method is to use a metal keycard where I mark the phrase buy again it can be stolen
What is your way?