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Topic: Seedphrase security - Pros and Cons of offline storage - page 3. (Read 377 times)

legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
1+2 are basically the same issue and can be solved by three groups of eight seed words.

Number 3 is always an issue. Even if you put clues 🕵️‍♂️ in a few spots you can still screw up.
legendary
Activity: 3808
Merit: 1723
I wouldn’t use any password managers. There was a leak a few years back, I think it was called Lastpass. Don’t rely on them.

Just put it somewhere safe like your bank security box or hide it somewhere in your home. If you are worried about a fire you can buy some seed stems and you can have it in metal that will withstand fire. Or you can take some pipe and just bang it in there with some letter stencils.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
you need

to realize

1) hiding a 24 word seed in three sets of eight solves that issue.
member
Activity: 302
Merit: 46
NO SHITCOIN INSIDE
Of course offline storage of your seedphrase is usually the best means of keeping your seedphrase safe, but what are some potential drawbacks?

1. Someone could find it and steal it.

2. Someone could break into your house or your room where you have hidden it, find it and steal it.

3. You lose your seedphrase and never find it again, or you forgot where you hid it, etc

4. You or your wife/spouse do some housecleaning and accidentally throw it away.

5. Can be destroyed by fire or a natural disaster.

6. Other

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I'm thinking of using encrypted notes inside of more than one reputable open-source password managers.
So my idea is to break up the seedphrase in two or more parts. Each part gets stored in a different good password manager.  

So even if one of the password managers is somehow compromised, the thief only has part of your seed phrase which is useless without the other parts.


I plan to do a lot of traveling and even moving to another country but feel paranoid carrying around my seedphrase.
Customs agents can randomly search you and your luggage, and if they find your seedphrase they may be tempted to steal it from you.

I don't want to carry around my seedphrase on my person everywhere while traveling for fear of losing it or having it stolen.

Of course I could keep my seedphrase at home while traveling but if you are going to be away for extended time you start to worry if your seedphrase is going to be safe when you are not around.

I don't trust myself to be able to remember a long seedphrase, but I could remember two or three good passwords a lot easier.

Good idea or no?
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