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Store Seed Phrase Backup Across Physical & Digital (lemmy.world)
submitted 1 month ago by nopersonalspace@lemmy.world to c/cryptocurrency@lemmy.world
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I'm planning on getting a hardware wallet for better security, but one part of that which concerns me is backing up my seed phrase. I know I can back it up onto a dedicated metal card which is my plan, but I feel uncomfortable with the idea that my seed phrase is just sitting in my house or something out in the open.

I know it's not advisable to store your seed phrase in a password manager, but I was thinking I could split the seed phrase up and put part in my password manager and part on the physical backup? Something along those lines? I just want to make sure that there isn't a single place where someone would have to compromise, but instead they'd have to compromise both my digital and physical spaces.

Has anyone who has the same concerns come up with a good solution that works for them? Would love to hear about it.

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[-] nopersonalspace@lemmy.world 1 points 1 month ago* (last edited 1 month ago)

Huh, that's an interesting idea. I've heard of using the book as a cypher before but I always thought an issue was keeping track of the exact copy of the book. Using a digital copy makes a lot of sense for that, thanks!

Is the deposit box expensive? Do you find it worth it?

this post was submitted on 24 Sep 2024
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