[Tips] Ways to Protect Recovery Phrase - Mnemonic - page 2.

Charles-Tim

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You do not have to go through a process that you will not be able to recover your seed phrase, or a process your seed phrase would later be compromised, back up on paper or steel is enough in different locations like two or three.

Quote from: joker_josue on March 29, 2022, 11:21:01 AM

A recovery phrase is basically a way of being able to read the private keys of a cryptocurrency wallet and is usually a 12, 18 or 24 word phrase.

The most common wallet seed phrases are 12 and 24 seed words, but seed phrase can be 12, 15, 18, 21 or 24 words.

Quote from: joker_josue on March 29, 2022, 11:21:01 AM

That's why it's extremely important to keep your recovery phrase safe.

Exactly, but also important to protect your private key. The seed phrase is important to be protected because it can generate the private key.

Quote from: joker_josue on March 29, 2022, 11:21:01 AM

If you are looking for a less analogue method, without spending money and without being dependent on third parties, a simple TXT file can be the solution. But if you use this method, it will be good to ensure that the device where you save the file is not infected by any malicious program

Backup on paper or metallic sheet are the best way.

Quote from: joker_josue on March 29, 2022, 11:21:01 AM

Splitting the phrase across multiple files,

Do not think because you split a seed phrase without any encryption means your seed phrase is safe, having some words can possibly be used to brute force the other words.

Quote from: joker_josue on March 29, 2022, 11:21:01 AM

This may be a complementary technique to the previous techniques. Basically it's confusing the security phrase, in order to make it difficult to build the phrase, which words and which sequence. This may involve: changing the order of words; change some letters of words; use synonymous words; use words with the same meaning but from other languages; include these words in a long text; among other options.

This can lead to seed phrase loss in a way it may not be recovered.

Quote from: joker_josue on March 29, 2022, 11:21:01 AM

This can be the biggest challenge to save the recovery phrase, but if you can actually do it, it will be the safest method there is to save it

Memory can fail, not recommendable.

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Quote from: bitmover on March 29, 2022, 12:27:46 PM

TXT File - Bad because it can be hacked in normal conditions. Unless if you encrypt it and put somewhere safe. But, this is still more dangerous than a piece of paper, because you can be hacked before the encryption or you might do something wrong if you are a newbie.

If the file is on an offline pen, stored in the same place where the paper can be stored, it is minimally safe.

As I mentioned, these are just a few methods, which must be used in a thoughtful way and that, above all, can guarantee some security. Because in reality there is never any 100% safe way, just some more than others.

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Quote from: tranthidung on March 29, 2022, 11:54:46 AM

Using memory and brain to remember mnemonic seed is bad because even you have excellent brain and memory which do help you to remember mnemonic seed in normal condition. Unfortunately, you don't know that will your body be normal or get accident in future. If it turns to be abnormal by any accident which causes damage on your brain, destroy your memory partially, who will be able to help you for recovery?

txt file is bad too and in my opinion, password manager is good and easy to use. Steel plate is good but it is expensive to own.

I agree with all your comments.

In the end, the best thing is to write in a piece of paper. It is easy and safe to do. If you are worried about paper getting wet, you may have two copies in different places under different conditions.

All the other methods are not good imo.

Lets see one by one:

TXT File - Bad because it can be hacked in normal conditions. Unless if you encrypt it and put somewhere safe. But, this is still more dangerous than a piece of paper, because you can be hacked before the encryption or you might do something wrong if you are a newbie.
Password Manager - Can be hacked. Might have security flaws, etc. I wouldn't put my bitcoins inside one.
Steel Card - Probably the best option above. But how will you write in a steel plate? If you are a blacksmith or something, it might be a good option. But not for me at the moment.
Safe - The first place any thief will look for anything valuable. I prefer just to keep it like something worthless in a drawer.
Memorize - I can't even remember my last meal.
Splitting - Split the piece of paper

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Using memory and brain to remember mnemonic seed is bad because even you have excellent brain and memory which do help you to remember mnemonic seed in normal condition. Unfortunately, you don't know that will your body be normal or get accident in future. If it turns to be abnormal by any accident which causes damage on your brain, destroy your memory partially, who will be able to help you for recovery?

txt file is bad too and in my opinion, password manager is good and easy to use. Steel plate is good but it is expensive to own.

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Ways to Protect the Recovery Phrase - Mnemonic

WARNING: The information contained in this topic is indicative only, and each person should evaluate which option is best for him. We recommend reading the posts, with observations and advice from other users.

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	What is a recovery phrase? A recovery phrase is basically a way of being able to read the private keys of a cryptocurrency wallet and is usually a 12, 18 or 24 word phrase. Each cryptocurrency wallet has its own private key - think of the private key as your online banking password, and each cryptocurrency wallet (account) has a different private key (password) that allows you to access the funds. In short, the recovery phrase is a backup of all your cryptocurrency assets. This means that if someone else manages to gain access to your recovery phrase, they will be able to access your cryptocurrencies. That's why it's extremely important to keep your recovery phrase safe. This topic will cover some techniques to protect your recovery phrase.
	Write on Paper This was one of the first ways to store the recovery phrase. The simplest basic, effective and economical. Of course, this forces the person to keep this paper in a safe place with limited access to third parties, so that no one with malicious intent has access to it. In fact, this aspect is valid for practically all protection techniques. The biggest downside is the probability of getting lost is high. Since it is enough for the paper to be damaged due to external elements (eg liquids), wear and tear or getting lost in a move, the recovery phrase is no longer available. A suggestion for those who use this technique is to have several copies and saved in different places, to minimize possible losses. On the other hand, we can conclude that this analog method, seems old-fashioned, to protect from the most digital assets that can exist. Now, it is still quite efficient. But there are other methods that are more "modern" or at least with a more hi-tech style.

	Password Manager There are many programs to manage and store passwords. Using one of these programs to save the recovery phrase can be a good way, especially if you are already used to using these programs. There are several solutions on the market, such as Keeper or Lastpass. You can learn more about this type of software and the various options on the market in this article from PCMag. As a rule, these programs store the passwords, and in this case the recovery phrase, in an encrypted database locally on your device, and some also allow access to this information remotely. Despite being a good way to store this information, and being a less analog way, we have to keep in mind that the recovery phrase is stored on the device. Therefore, it is necessary for us to ensure that it is not accessed by third parties or that it is not infected with any virus or other malicious software. To keep your device safe, you can use antivirus programs and the like, and above all, use it responsibly when browsing the web and the files you download.

	Steel Card An interesting, original and modern method can be to use a steel card or similar, where you can write the recovery sentence. It ends up being similar to writing on paper, but it has the advantage that it is an accident resistant support. There are several companies that provide this type of card, such as Blockplate, Trezor[/url ] or [url=https://shop.ledger.com/]Ledger, as well as most companies that make cold wallets. The precautions to be taken are the same as for other methods, keep it in a safe place with limited access to third parties. This method can be ideal to keep in an emergency kit, allowing you to be protected and take it anywhere, without the danger of being easily damaged.

	Safe Box The best way to save recovery phrase is offline, hack free. So if you use some of the methods already mentioned, you can always keep it in a safe, at home or in a bank. It is generally a difficult place for thieves to access. But at the same time, it can make it possible for trusted people to access, in case we have an accident. It may not be the simplest or most practical way, but it brings a lot of security. On the other hand, it can also attract more attention, as the existence of a safe conveys the idea that something of value is inside - even if it is not. Keeping it in a bank vault can be a good idea, but it ends up being subject to third-party protection, which is generally quite safe, but can be inaccessible in extreme situations.

	Splitting Splitting the phrase across multiple files, trusted people or otherwise, can be an interesting way to protect the recovery phrase. Since only you know the sequence, it becomes very difficult to find it or take a long time for it to happen. Also, if the people who have part of the recovery phrase don't know or know who has the other parts, it becomes even more difficult to be able to gather that information effectively. Although it is a safe way to store this information, it has the disadvantage that when you need to use it, you have to go through several steps to put the sentence back together, and sometimes this can take time. But it is still an effective way to make it difficult for third parties to access the recovery phrase.

	To confuse This may be a complementary technique to the previous techniques. Basically it's confusing the security phrase, in order to make it difficult to build the phrase, which words and which sequence. This may involve: changing the order of words; change some letters of words; use synonymous words; use words with the same meaning but from other languages; include these words in a long text; among other options. In this method, you can use all your imagination. You just can't forget how you have to decipher those changes you made to the original recovery phrase. Therefore, when using this method, you should try to have a record of how to decipher the sentence, to safeguard any memory lapse. We have to keep in mind that the use of the passphrase is very sporadic, and we often only have to think about what it looks like long after we have created it.

	Prepared for Unforeseen Something everyone has to remember is that unforeseen events can happen at any time. So if something happens to you, the recovery phrase may disappear with you, unless someone knows how to recover the money accumulated in your wallet. In this sense, it will be good to create a plan B. Share with someone you trust, family or friend, the way to regain access to your wallet, in case something happens to you. It can be good to share with at least two people, who are not normally with you at the same time, reducing the likelihood that all three are involved in the same accident. Another option is to include instructions in a will or inside a safe. This may seem risky, someone knowing how to access our wallet, especially since something could happen in our relationship with that person. But remember that you always have the possibility to exchange your wallet money, with another recovery phrase, in case of any disagreement. The most important thing is to choose people you really trust. In the last case, if you don't want to create this plan B, you can be another "donor" to the network, with a wallet that could be worth thousands in 100 years, without anyone being able to touch it.

I hope this article is useful for everyone, and that it has reminded you of some useful aspects for those who already use some of these methods.
Not all of the suggestions presented may be ideas, they are just some ideas of what you can do, and they can even combine with each other.
If you use or know other techniques, share, in order to enrich this topic.

References/Credits:

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