Topic: Best way to protect your crypto against a natural disaster? - page 2. (Read 927 times)

Thanks for the tip. This is definitely a must, in order to preserve my crypto funds against death. In case I don't manage to survive a natural disaster, a relative could easily access the crypto funds in my absence. It'll hard for me teach most of my family members about crypto and Blockchain technology (as they're not tech-savvy at all), but I'll do my best at it. Instead of a normal crypto wallet, I think that a multi-sig wallet would be best for this situation. Other family members will still be able to unlock the crypto funds if they don't manage to find my crypto keys (or seed). It's always best to have a "Plan B" just in case, to preserve your crypto funds for future generations.



Exactly. Redundancy is key towards protecting one's important data from undesired events in life. The cheapest way would be to make several digital copies of your crypto private keys encrypted across several cloud services. I'd use Google Drive, OneDrive, and even Dropbox to store multiple copies of my utmost sensitive crypto private keys. In the event of a natural disaster (like an earthquake), I can remain confident that my funds will still be safe even after being disconnected from the Internet for a couple of years from now.

The last resort would be to store copies of crypto keys in a physical form. I've toppled with something called "ColdTi" which is a cryptocurrency seed wallet that's made out of pure titanium. By punching (or engraving) your crypto seed on the card, you can rest assured that your funds will be safe for a very long time. This is a cheaper solution to the "CryptoSteel" cold storage wallet that's also waterproof, fireproof, and shockproof. With a cost of $20.99 at Amazon (click here), you can't go wrong with using the "ColdTi" to protect yourself against a natural disaster.

Have you considered saving everything in hardware wallet and then depositing in safe deposit boxes in multiple location if you are living in a fragile area which is susceptible to natural disasters around the year and it is the cheapest way than trying for other methods.

Best way is multiple offline backups, paperwallets, .dat files saved on usb, and stored in different secure locations.  If disaster happens in one area you will be fine because you have your backups elsewhere.  Whatever you do, make sure you make at least one backup, too many stories of lost crypto out there.

I recently watch a video about crypto steel and it is truly one great wallet that i could use someday to store my funds. This crypto steel has a cassette and capsule versions of it, and it is really solid and durable for natural disasters, that is why it is good to keep all of your funds safe and secured.

I think it is a matter of how we can make our wallets safe. Engraving to metals was such a good idea. I think we can engrave it on gold or other valuables that can be safekeep in safe deposit boxes in banks which I think can withstand natural disasters.

cryptosteel offers something that is very effective in conditions where you can only save yourself and carry all your crypto assets in one small tool that is resistant to all conditions, I think is very good when in a major disaster that makes you evacuate for an indefinite period of time. The use of hardwallets will still be very vulnerable in such severe conditions.

Before faced with bad thing in our life like an accident or natural disaster we need save blockchain account or bitcoin data for trusted family and teach them how keep safety safe our data assets, when we got some thing bad our family still chance to get back how much assets save in our wallet, by the way we need give them data save in google drive or saving in online data.

in general, disasters will not make crypto disappear, everything will still be stored in your wallet. the problem is, the impact of the disaster can make the internet network down and you cannot access anything including your crypto wallet. then the most vital thing is, the device that you use to access the crypto, when a natural disaster occurs and it turns out to result in damage to your device, you also cannot access it. although it is not physical, but the disaster and its effects can make us unable to access crypto.

as a simple example, the device and connection to access are the tools, while crypto is the subject. if the device is not available, then we cannot access the subject. while the subject will still continue to be there.

I think the best thing to protect my cryptocurrencies safe from natural disasters like fire, earthquake and even flood is still storing my assets into my online wallet because it is intangible which makes it safe and secure not to be eliminated by the natural disasters in which I can still do have access on it once everything have gone into proper situation once again. What I just need is to secure that all the private keys and passwords are in tacked with me to be able to access it. Usage of hardware wallets can also be a good option as long as you took good care of it not to be loss when doing evacuation process into a safe place. Those are the possible ways for me on how I can protect my cryptocurrencies which is for me is suitable and more convenient ways to do since cryptocurrency is concerned. Still proper storage and taking care of whatever option you choose to take care of your assets from natural disasters is needed to be considered as well.

Good idea,  but the risk here is when we loss this.  I think the good thing is put this in safety vault in bank a long with your golds,  and other jewelry.  Or copy private keys and save this online so you can open this anytime when you are online.

I said about dividing whole key into parts and memorizing 1st letter. I have also found some unique ideas too. I want to add another idea. Educate your life partner/family members about crypto. Tell them how to use priv key, how to withdraw fund from wallet to exchange and how to do basic trading. Thus you will have educated helper and they may use your btc in your absense. Obviously you have to chose most trusted members of your family.

Yes, it is free but it has one big drawback. you can very easily forget the first letter or lose some part of your key. There are a lot of such cases when people tried to complicate the storage of their private key and many of them ended very sadly. best for you to buy a cold wallet. Well, I hope you will never  forget anything

what do you mean without giving data account  ? you actually give your full account once you give your private key and/or other options like password in order to give access to your account  and what if you and your family members were on the same situation when tragedy strikes  ? its still useless if they have your infos to your crypto account because you are all in danger but we dont know the faith of everyone else , what if they survived and you didnt  ?

We don't know when natural disaster is happen and we have ready not with natural disaster but also with some thing bad happen to us by giving bitcoin account data for our wallet and save bitcoin ID to our family, when natural disaster happen we have ready for giving all our assets to family and they can withdraw our bitcoin and altcoin assets, without give them data account our assets keep holding in my wallet in long term.

I devide whole private key into 6/7 pieces and remove 1st Letter from each part because I memorize the 1st letter. And i made several copies, kept them in several safe places. Also have the copy in cloud, harddisk, email draft.

I know what is the best way but I prefer my way as it is almost free and doesnot need any hardware

do not need any security wallet that is resistant to fire, water or others to be able to maintain the security keys that we have in case of a disaster, a strong memory is certainly the most valuable to be able to maintain the wallet security key that we have by memorizing a unique password that we have made it so that it can be accessed again when it gets an internet connection again

Thanks for this, mate. This is a great alternative to CryptoSteel that wouldn't break the bank. It's best to use a strong encryption algorithm in order to prevent hacks or theft when uploading your utmost sensitive information (crypto private keys) to the cloud. AES encryption seems to be the strongest nowadays, that's hard to break with today's computers (depending on the length of the passphrase). It's best not to use passphrases that are too hard to remember, in order to easily access your crypto funds from the cloud in the future. Redundancy is important to prevent the loss of our funds from any undesired situation. This means that the more cloud services you use to distribute your cryptocurrency data, the better it'll be to prevent data loss.

For instance, it's recommended to make several copies of private keys encrypted on various USB flash drives for convenience. Putting them on a safe box in the basement, looks like the smartest choice to make.



Yes. There's nothing that's 100% safe. But spreading multiple copies of our most valuable assets would minimize the risks of loss as much as possible. I'm often inclined to methods that would help me secure my crypto assets without breaking the bank. It seems that storing crypto on the cloud in an encrypted archive would be the most cost-effective way to protect one's digital valuables against natural disasters. There are many other ways to do this besides the cloud, but I think spreading the encrypted keys across the Internet would be often best than doing so physically (hard drives, flash drives, etc.).

Of course, if your crypto holdings are extremely valuable, you'd go for a "CryptoSteel" than anything else. For $79, you can't go wrong when it comes to securing crypto against fires, water, and shocks. But the average person, would look for the most affordable way to secure his/her crypto without spending too much. Just my opinion

I recently heard about crypro steel, which it is also an offline wallet that you also don't need any specialised tools or third party software involvement. And i think it is really a good way to store your funds because it is really secured, especially if your place is always affected with natural disasters.

If you are storing a huge amount then why not go for it, it's worth it, based on what you are saying this is the first time I read about this wallet and it's a big help for those wants to fully secure their fortune, and about your issue, there are vault that are water and fireproof, I bought one for myself, and it's not really that expensive since it's only small.

Online wallets can be useful too but in dire situations where there's no good internet connection, it will be in disadvantage. Paper wallets can be stored as secured as possible and you can have back up copies of the printed keys as long as you keep it to be only accessible by you. Security do require more money so Cryptodsteel can be really worth it especially if you live in the kind of environment that has often experience disasters.