Topic: Remove Your Seed/Recovery Phrase From Centralized Password Managers - page 2. (Read 294 times)
January 16, 2023, 06:52:40 PM
At least I never store my personal wallet seed Phrase (long term investment only wallet) in a centralized password manager. Because if we think logically then what is the reason we trust a centralized password keeper more than our family or ourselves. I didn't even tell my family. then there's no reason for me to trust a centralized password manager. but that's just for my long term investment wallet seed phrase. whereas for personal wallets that are used daily and there are not many assets in them. because I keep doing transactions on it I don't overly complicate myself to save the seed Phrase.
January 16, 2023, 06:42:53 PM
This are things a sane person won't try at all... I keep saying it
What's the point of getting registered on a decentralized platform just to end up giving away your earnings on a centralized exchange, knowing too well the unbearable disadvantages? C'monnnn, this is been said over time.
Password managers ain't even an option to choose for something as important as your seed phrase -- I won't even save my forum account info on it, talk more of the keys to your FREEDOM? NO!!
Sandra 🧑🦰
What's the point of getting registered on a decentralized platform just to end up giving away your earnings on a centralized exchange, knowing too well the unbearable disadvantages? C'monnnn, this is been said over time.
Password managers ain't even an option to choose for something as important as your seed phrase -- I won't even save my forum account info on it, talk more of the keys to your FREEDOM? NO!!
Sandra 🧑🦰
January 16, 2023, 06:14:42 PM
I have seen many ads popping up related to conversations I had with others while I was near my phone or laptop.
That’s happened to me more than once. I can imagine how much data some companies have collated from users over the years, I think it’s some sort of side hustle for these companies, they spy on us and sell our data to the highest bidder mostly advertising companies. It gets really bad when this data finds it way to the dark web. I don’t blame the Trump and Biden for banning certain foreign media apps from being used in the US. 
January 16, 2023, 05:58:36 PM
If you truly want to keep your secret phrase safe you should write them on a piece of paper and preferably laminate them to make them water proof and if you feel that just writing on a paper and laminating it isn't secure enough you can also use a sharp objects to write on a piece of metal sheet and then keep them where no one will be able to access or a place where nobody will ever think of going to search for anything.
Laughable but true, you can never be certain of how hacker get access to some of your sensitive information and taking precautions like this can help minimize some potential harm to your system. Hackers might be able to gain access to your system's camera, mouthpiece and other accessories that can help transmit audio or video data in such case they can easily get some of your information if you're the type that read out loud your password when inputting them in your system.
Additionally, I would advise against saying your seed phrase aloud if you use voice-activated devices like Alexa, Siri, or Cortana. I don't want to sound paranoid in saying this. It's impossible to completely rule out the chance that these gadgets are listening in on our chat and that, in the event of a hack, your seed phrase will be stolen.
Laughable but true, you can never be certain of how hacker get access to some of your sensitive information and taking precautions like this can help minimize some potential harm to your system. Hackers might be able to gain access to your system's camera, mouthpiece and other accessories that can help transmit audio or video data in such case they can easily get some of your information if you're the type that read out loud your password when inputting them in your system.
January 16, 2023, 04:21:36 PM
First of all, I don't see any point in anyone to put their password or seed phrase on a centralized or any decentralized password manager. If anyone struggling to remember their password, they can write it down in several places offline. Seed phrases are hard to memorize but everyone is writing them down offline and keeping them safe outside any digital devices.
No, OP you are right. not only these devices, your mobile or laptop's microphone spies on you. Companies put that to work just to collect data, but hackers can collect them and catch you off guard with your important information.
I have seen many ads popping up related to conversations I had with others while I was near my phone or laptop.
Additionally, I would advise against saying your seed phrase aloud if you use voice-activated devices like Alexa, Siri, or Cortana. I don't want to sound paranoid in saying this. It's impossible to completely rule out the chance that these gadgets are listening in on our chat and that, in the event of a hack, your seed phrase will be stolen.
No, OP you are right. not only these devices, your mobile or laptop's microphone spies on you. Companies put that to work just to collect data, but hackers can collect them and catch you off guard with your important information.
I have seen many ads popping up related to conversations I had with others while I was near my phone or laptop.
January 16, 2023, 04:09:17 PM
What do you think about saving your seed/recovery phrase in a centralized password manager?
You should only store your seed phrase on a paper or engrave it into a steel, saving it online or in any centralized password manager is unsafe and too dangerous, i don't even know why someone would want to store their seed phrase with a centralized service when they can have custody of it themselves and keep it safe by doing what's right.Additionally, I would advise against saying your seed phrase aloud if you use voice-activated devices like Alexa, Siri, or Cortana.
Or your neighbors could be listening, 
honestly i don't see why anybody should be reading or saying their seed phrase out loud, what is the purpose? To try and memorize it? That itself is a terrible idea and could cause one to lose their coins. Just simply write the seed phrase on a piece of paper and protect it how best you can.
January 16, 2023, 03:24:39 PM
What do you think about saving your seed/recovery phrase in a centralized password manager?
You should only store your seed phrase on a paper or engrave it into a steel, saving it online or in any centralized password manager is unsafe and too dangerous, i don't even know why someone would want to store their seed phrase with a centralized service when they can have custody of it themselves and keep it safe by doing what's right.Additionally, I would advise against saying your seed phrase aloud if you use voice-activated devices like Alexa, Siri, or Cortana.
Or your neighbors could be listening, honestly i don't see why anybody should be reading or saying their seed phrase out loud, what is the purpose? To try and memorize it? That itself is a terrible idea and could cause one to lose their coins. Just simply write the seed phrase on a piece of paper and protect it how best you can. January 16, 2023, 03:11:59 PM
Similar to not keeping your currencies in centralized exchanges, stay away from centralized password managers. One of the centralized password managers was hacked in August 2022, although they claimed that no customer data was accessed during the incident, you should never trust in them. You cannot rely on the company to keep your seed/recovery phrase secure or prevent unauthorized access to the password vault on the company's end. You can trust them with your email passwords and other personal information, but not with your seed/recovery phrase, which will cause your bitcoin stolen from that address right away if it is compromised.
Additionally, I would advise against saying your seed phrase aloud if you use voice-activated devices like Alexa, Siri, or Cortana. I don't want to sound paranoid in saying this. It's impossible to completely rule out the chance that these gadgets are listening in on our chat and that, in the event of a hack, your seed phrase will be stolen.
What to know how to secure your seed/recovery phrase? I found this post Securing Your Seed Phrase with Washers by fillippone very helpful.
That's all for now. Thank you for reading.
What do you think about saving your seed/recovery phrase in a centralized password manager?
Refs:
https://blog.lastpass.com/2022/12/notice-of-recent-security-incident/
https://www.youtube.com/watch?v=9DuvCh6Ql38
https://www.washingtonpost.com/technology/2019/05/06/alexa-has-been-eavesdropping-you-this-whole-time/
Additionally, I would advise against saying your seed phrase aloud if you use voice-activated devices like Alexa, Siri, or Cortana. I don't want to sound paranoid in saying this. It's impossible to completely rule out the chance that these gadgets are listening in on our chat and that, in the event of a hack, your seed phrase will be stolen.
What to know how to secure your seed/recovery phrase? I found this post Securing Your Seed Phrase with Washers by fillippone very helpful.
That's all for now. Thank you for reading.
What do you think about saving your seed/recovery phrase in a centralized password manager?
Refs:
https://blog.lastpass.com/2022/12/notice-of-recent-security-incident/
https://www.youtube.com/watch?v=9DuvCh6Ql38
https://www.washingtonpost.com/technology/2019/05/06/alexa-has-been-eavesdropping-you-this-whole-time/
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