MultiversX Tracker is Live!

How to securely store seed phrases

All Cryptocurrencies

by COINS NEWS 102 Views

I’m wondering how do people with large amounts of crypto store seed phrases. I was wondering when it comes to crypto influencers, it wouldn’t be hard for a criminal to track these people down, and coerce them into giving them their seed phrases. For influencers especially, they’re putting out there that they own a lot of crypto. It seems like they should have added security.

That gets me thinking about myself. I don’t talk to people about crypto anymore as to not put myself out there, but as things progress and my portfolio has become life changing money for my family and me, security is becoming a question. I do plan on selling the majority in the next 6ish months if the market is hot, but in the meantime I feel like my current storage isn’t the best. Even now in this post I’m weary to post my current value and current storage of seed phrases as to not draw the attention of shitty criminals.

I’ve thought about storing seeds elsewhere than my house, to help mitigate the possibility of a home invasion or house fire wiping out my wealth, but not sure where to store them. Safety deposit box? Hidden safe at in-laws house? Ask my parents to hide it on their house? Every one of those solutions has advantages and disadvantages. What’s reddits thought?

submitted by /u/marty1234512345
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments