Where to store crypto seed phrase and protect your cryptocurrencies

Best Ways to Store Crypto Seed Phrase Safely and Protect Assets

Where to store crypto seed phrase

There is a middle ground between those who loot their cryptocurrencies and those who are engaged in trading, and that is the safe storage of your seed phrase, since, if you lose it, there is no way to recover the funds.

That is why today we will tell you where to store crypto seed phrase, we will mention all the modalities with their respective strengths and weaknesses.

Let's get started!

 Ways to store your seed phrase

Choosing the right method depends on factors such as the level of security you are looking for, your access needs and the amount of risk you are willing to take.

That said, let's look at all the options:

Piece or sheet of paper

This modality is the most common due to its simplicity; almost everyone has a piece or sheet of paper nearby.

Being an offline medium, it ensures effective protection against cyber attacks, such as hacks or malware, that affect internet connected devices.

The problem with paper boils down to deterioration over time and to other external aspects such as water and fire.

Additionally, if you decide to write down your phrase, it is recommended that you use a safe or something similar as a security complement.

Where only you have the code or the access key.

Metal plates

Metal plates are a much more efficient alternative to paper.

Since external conditions are not a problem, they can withstand fire, flooding and, depending on the material of manufacture, corrosion.

You just have to think about where to hide it out of reach of others, some people choose to bury them or put them in a safe.

Hardware devices

Hardware wallets are physical devices specifically designed to store cryptocurrencies and private keys.

Depending on the device, you may be subject to technological dependency.

If the device is lost, damaged or malfunctions, and you do not have a proper backup of the seed phrase, you could irreversibly lose access to your funds.

There is now an alternative such as Cuvex, which stands out for its cold storage mode (it does not depend on the internet), encrypts the seed phrase on NFC cards and you can make as many copies as you want as the information will always be encrypted.

Sentence fragmentation

Fragmentation is about splitting the phrase into several parts to store them in different places.

But, if one part is compromised or you lose it, you will not be able to access the funds.

Safe deposit box or notary

This option provides professional physical protection, as safe deposit boxes are designed to withstand theft, fire and other natural disasters.

However, safe deposit boxes usually have a recurring cost, and by opting for this method, you are dependent on third parties to access your seed phrase.

In addition, if the banking institution or notary is not available or if there is any inconvenience in accessing the safe deposit box.

You will not have access to your funds until the mishap is resolved. “Not your keys, not your Crypto”.