Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
There are many alternative options to store those phrases online, without anyone even noticing it.
You just need to camouflage it a bit with clever techniques that will conceal it's real purpose. (Using templates and splitting it into many pieces that only you will be able to decipher)
This is the worst thing you can do! You just need to camouflage it a bit with clever techniques that will conceal it's real purpose. (Using templates and splitting it into many pieces that only you will be able to decipher)
Making your own ''special'' technique and splitting seed words on your own is recipe for disaster and ALL security experts strongly recommend against doing this.
Andreas Antonopoulos publicly said that many people contacted him and told they lost all coins by trying to be smart with their own complications.
One of the ways to correctly ''split'' seed words would be with shamir secret sharing, but there is single point of failure and not all wallets support it.
Multisig could be better but again I would not suggest regular people doing this, instead they should use multiple passphrases.