Topic: What is the best way to store your seed phrase? - page 5. (Read 1247 times)

This is so true, I once encountered who can actually steal whatever info you have on your computer by just letting them control your PC via Team Viewer or any of such Apps. others are just newbies without any thought of their securities being breached easily by these hackers and they just give them access just for the sake of doubling their bitcoins which is not true. Many other factors lead to this kind of trap including the holders not having enough knowledge on how to secure their seed phrases and ending up getting hacked easily. Sometimes, they are the one who gives the hackers access to it and only know that they were fooled when they see they have been talking to the scammers all this time.

I've looked over what you said several times, and I think you're right. While many people will think that storing your seed phrase online is the best option because that's what they can do, I think that storing it offline is the best option as well. Online stores are never safe, even if they aren't careless. Someone will eventually be able to access your online store, which includes Gmail and this entire store. The only point that someone could make against my online store is that, in order to keep it secure, you should prevent people from accessing your phone or computer or from clicking on any links that you receive from scammers.

Getting a paper and writing down your seed phrase is the best option because you can even give people your phone and, no matter how cunning they are, they won't be able to locate it. Additionally, if you write down your seed phrase on a paper, you won't have to worry about someone possibly finding it if your phone gets lost, stolen, or ruined; you can simply use the seed phrase to retrieve your wallet and carry on without damaging anything.

It may vary in location. one can keep it in a pen drive, one can keep it in his pc or smartphone, and one can write it in a diary. But the whole purpose is to store it safely because if we don't have the wallet key, there will be no wallet and no bitcoins.  So a non-custodial wallet should be used to keep bitcoins safe and the wallet should be kept private.  I use 2 methods one is to write in diary other way is to keep in pen drive. So op you can use method according to your convenience

You should know that any online application is risky option to store your private key since there are great minded hackers could penetrate that also we don't know if the owner of the platform will perform that hacking without us or any other people knowing.

Also any offline places should be fine so make sure you have full control on the environment where you store your seed phrase so that you can avoid to lose it.

But also remember that its really up to the user on how they can make their seed phrase safe and if they are aware on all risk then for sure they can avoid any methods or risk which is known or used by hackers.

It is estimated between 4 to 6 million bitcoins have been lost forever because people lost the physical copy of their seed phrase. So I don't agree that storing offline is necessarily safer, at least not for me.

Storing online can be a safer option depending on how you do it, also depending on your specific needs and situation and technical ability.
For example billions of people use password managers to store extremely sensitive password information which are rarely if ever hacked.

With that kind of track record that tells me password managers are generally pretty safe. But some are better than others,  
Do your own research but in general I would only use password managers that are fully open source and reputable.

Always make sure you use bitcoin's hidden wallet or passphrase feature (always stored separately from your seedphrase) so in the event someone ever gets a hold of your seedphrase
it will be useless to them without knowing the passphrase.  You can even have both a physical copy and online backup of your seed phrase.

So the safe deposit box with seed in half in multiple banks with a passphrase probably still the best idea?

It is true that in online space scammers are constantly trying to steal other people's assets. For those reasons online space is always risky. A Bitcoin investors storage can certainly suffer if they do not properly store their seed phrases.

Many people save seed phrase in online for security but I think it is not safe for everyone to save in online. Especially those who are vulnerable in terms of security. I think it's worth making a few copies of the seed phrases and saving them on paper. Offline storage is safe  but putting the phrase in multiple places can provide more security. Those who put their seed phrase in email can be really risky.

the article has giving a detailed insight to this matter but from the two options you provided, they are all good but I consider them too complex and for me, what I do is that I wrote down the seed phrase, copied it into three papers and kept each of the piece in my safety box at three different location I visited regularly that way, whener I need it I I'm only close to it and can easily access it. Let me add that the first time I wrote out my passphrase, I kept it carelessly at home because I felt no was knew about it importance but after I almost lost it, I learnt my lesson.

The people that say storing your seed broken in 2 parts and doing 2 copies of it and thus in 4 different bank safe deposit boxes is bad, explain how that is bad?  The thing is if something happens to your seed phrase in one of these safe deposit boxes, you still have 1 copy of the other half of the seed in another safe deposit box.  Now if something was to happen like a natural disaster, well you would be notified of this issue correct or know about it?  But the thing is if your other 3 banks where the safe deposit boxes are is close to that bank, that is another issue.


The other thing is say the government or IRS were to seize your safe deposit boxes which I heard does happen but that is if you owe money to the IRS.  Well if you have a passphrase which would be on say a password manager on a usb flash drive and on the cloud, well they would also need that as well.  Since having the seed phrase without the passphrase doesn't do anything.  You also keep a copy of your seed phrase in your apartment whether it's in 1 piece or 2 pieces.  The thing is you make sure you don't have your passphrase written on paper.


So you could have your passphrase in a password manager and that could be in say 2 usb flash drives and say you gave 1 of the usb flash drives to someone you know and trust.  You keep 1 in your apartment.  You also have the password manager saved to the cloud.  So whether the governement or IRS or even bank employee got access to your safe deposit boxes, they still need the passphrase.  The person you trust who you give the usb flash drive to... well first off they need the password to the usb flash drive.  Even if you didn't put a usb flash drive password, they have to know what your password manager is.  Now obviously if they got that and got access to your apartment, then they would be able to access your crypto but they have to figure out your password are in the usb flash drive.  So there could be 1 or 2 passwords for them to crack.  Now if the government searched your home and got your usb flash drive, they still have to crack the password for the usb flash drive... which I assume they could do easily right?  However, how are they going to crack the code to your password manager password to access your passphrase if your passphrase is something like m1fsoadfldsajfdasfnbfjsajfjpdsf029390213fnsakjhjlwooa.  They certainly aren't going to crack that right?  But this is assuming you have a problem with the IRS or whatever which most people do not have that problem.  Now they can access your cloud email and probably crack your google drive password right if they wanted to?  What if it's a ridiculous password like above?  Now even if they get in, what about your long password manager password?  Unless it's something really silly where brute forcing can get into it, wouldn't the safe deposit boxes and passphrase be the ideal method?  I remember it was said the Winkletwins have their seed phrases in different safe deposit boxes across different continents if not mistaken?

That's true storing seed phrases on soft file there is always a potential risk for hacking or leaking. So now if we consider these aspects, the seed phrase in the soft file is very risky.  But in many cases we use the soft file despite the risk because it can be used anytime from anywhere in the world. However, keeping the seed phrases backup in the hard copy and maintaining it properly will be the best option.  My suggestion would be to have multiple recovery sources for seed phrases for recovery.

This depends on each person, I personally prefer to keep it in the form of paper that I write on myself and I also print it on an iron plate and then keep it in my wallet. The point is, I don't want to save it in soft file form because there is the potential for hacking or leaking.

There are no perfect options. To me, the options that rely heavily on banks, and multiple banks, no less, are risky because there can be a robbery, bankruptcy, destruction of property due to a natural disaster etc. If the seed phrase also remains at home, what's the point of it being in the banks? A physical copy at home might be accidentally found by someone else. The second option has a seed phrase entered into a password manager, which sounds really unsafe to me.
I believe that apart from the risk of being hacked, a person should also consider the risk of locking oneself out of the wallet because of the complications of storing the seed phrase.

Saving your phrase in a bank is really not a safe option adding to the fact that you are given another company to handle your security for you which most of the case you might go and request for it which their is no security guarantee of it that anything might not happen to it in aspect of the bank being rubbed and all of that.

Then again splitting it into two is also an increase security measure which can serve as if one is being found in the other bank and the rest of the phrase can’t be accessed since they don’t have the complete one, is a good option but where ruin everything again is in the aspect where you suggest we add the phrase in a cloud even if it’s password protected it’s not safe at all anything online can be hacked and cracked it has been happening to cloud storage this period is it’s not a good option.

I think, The best way to store your seed phrase is you personal diary. Write these seed phase carefully in your diary And keep your diary in the locker. And when you need to log in your account, then see seed phase from your diary and write them in the account. This way, it will be protected from hackers and other digital approaches.
Another safe way to do this is to use a hardware wallet. Connect the hardware wallet to the USB when you need to log in to your account. And after use take it down and store it in your locker.

Op what you said is one of the way to secure a seed phrase but there other ways you can also use to secure your seed phrase. You can use these to secure your seed phrase Coinplate Steel Seed Phrase Saver and Securing Your Seed Phrase with Washers and I believed of you use any of the above mentioned devices to secure your seed phrase it will be more secure than writing it down it two different places but if you don't have money to buy those washers and steels then you can go for a local way of keeping the seed phrase save. According to experts, it is not too good to secure your seed phrase online either in emails, cloud or Googledrive but it is better you save it offline. Though all have risk but offline is more secure than online.

i was also stored my a lot of information (about different wallet seed phrase and other many important things) on google drive but after few years now i removed from online, but i lost many things for suddenly disabled my gmail account, now stored all of important things in offline, it's more safe than online.

Everything that is related to the internet could get hacked. No matter how securely you keep it, it never becomes immune to hacking. If the right person chooses to, then he can hack it for sure. This is why it is always recommended to keep your seed phrase offline. May not be a fault from the platform's side, it could get hacked for your irresponsible behaviour.

OP, here's a post I wrote 3 days ago. I am quoting myself here. Give it a try if you think this is interesting. And if anyone here can check the strength of this method please try it out and let me know. It will be really helpful. I don't have the tools to do it.

After reading all the answers and topics that suggest ways to store seed phrases, you can’t help but be surprised by human imagination. The thought comes that those who write about incredible and quite complex methods are either very passionate people about inventing, or maybe they are so rich that the search for unique solutions is indeed fair.
Nevertheless, everything needs to be considered based on a person’s activities, his social circle, and so on. If you are a fairly public person, then storing your seed phrase, of course, requires great care. But if you are an ordinary person who does not disseminate information about yourself, then a phrase engraved on steel or even several paper archives (of course, taking into account the possibility of a fire) will be the most natural and logical choice.

I saved it offline, and also keep it secret physically using morse code so it wouldn't be obvious just in case someone I know here in my house see it accidentally.

Casually writing it word for word in a notebook will make it more dangerous if you misplaced it and someone saw it and tried to log in using your seed phrase. You just have to be extra careful and never forget how you will hide your seed phrase from everyone, except to yourself. Like what others said already, storing it online would be the worst idea ever.

Of course, the final decision is his because it's his money. What I said , I just want the best for him and he can think again, I have no right or qualification to force him to do what I say. But whatever his choice, we can't deny that online storage has never been considered more secure than offline . There is a lot of risk in the internet space , and I think bitcoin investors are aware of that . It's just that some people deliberately ignore it and choose online storage because it also has certain benefits .