IntroductionI have been reading the best ways to backup seed phrase, seed phrase is very important to backup because it can recover back wallets or coins during wallet damage. Some wallet owners have lost their crypto wallets and coins stored on it because of their carelessness, because they did not back up the seed phrase, some people backup the seed phrase but the backup lost because of carelessness also and this result to lost of coins. So, that is why we need to talk about the excellent ways to back up seed phrase.
Methods of seed phrase backupThere are different ways to backup seed phrase, I will mention few.
1.
Stamping the seed on metallic sheetThis is good as metallic sheets are not prone to liquids, it may even not be prone to fire, if properly stored in a safe place, it is one of the best ways to backup seed phrase.
2.
Paper back upSeed phrase can be written on a sheet of paper, this method is good also but it can be affected by liquid, but good if you can save it in a place that no liquid can contact or touch it.
3.
USB plain text or on memory cardA USB method is good such as the idea of flash drive or the use of memory card but making sure the computer used during this process has no malware, this has been suggested below not to be an excellent way of backup. I may still edit this based on others opinions.
Backup against physical theftsWe should be careful of thieves and carelessness, for example, if you back up seed phrase on paper or stamped on a metallic sheet and safe it at home inside a safe, it can be easily stolen by thieves if thives visit the wallet owner. So, that is a good backup method but bad saving method. Also, some people can be so careless to put the seed phrase in a place that can be accessible by other people which can steal it. After the good method of backup, we should also consider it not to be physically pilfered.
Backup against digital theftsSome people back up the seed phrase on phones, computers, email, google cloud or one cloud, this is not recommended at all in any way, paper, USB plain texts, or metal back up are the best.
Questions1. To backup seed phrase on paper, metalic sheet or on card/flash drive and save it at home, is this excellent?
2. To back up seed phrase on paper, metalic sheet or on card/flash drive and save it in bank, is this excellent?
3. Which one is best to bury underground? Is it paper? Metal sheets or USB plain text?
4. More ways to avoid physical thefts
5. More ways to avoid digital thefts?
Let us have your take, to know the 100% excellent ways seed phrase can be safe for backup in a way to avoid both physical and digital theft and also in a way that it is 100% safe from damages.
Your opinions can help othersFrom maus0728: I like his comment below:
If you have some bucks to spare, try purchasing a metal bitcoin seed storage:
https://jlopp.github.io/metal-bitcoin-storage-reviews/Comment from o_e_l_e_o
Ensuring the computer has no malware is not enough. The computer should be a clean install of an OS, or even better a live OS such as Tails ran from a USB stick, and the computer should be permanently airgapped. Using an internet enabled computer which you think has no malware is a recipe for disaster.
Shamir's Secret Sharing is one of the good ways to backup the seed phrase, according to Wikipedia:
Shamir's Secret Sharing is an algorithm in cryptography created by Adi Shamir. It is a form of secret sharing, where a secret is divided into parts, giving each participant its own unique part
https://en.m.wikipedia.org/wiki/Shamir%27s_Secret_SharingUsing Shamir's Secret Sharing, the seed phrase can be divided into two in a way that each halve will be useless to hackers if seen. But using the common sense to separate the seed phrase, if one halve of it is known to hackers, it is possible to know the other halve of the phrase.
After using Shamir's Secret Sharing to divide the seed phrase, it can be replicated and the four can be stored in four locations. I will prefer it laminated or on metallic sheet and be buried in a safe place.
If you are going to make use a secret splitting method anyway, and you are going to make 4 shares, then you would probably be better off with a 3-of-4 arrangement, rather than a duplicated 2-of-2 arrangement, as it adds more security to your set up.