The cost of maintaining wallet

[dzungmobile]

Those who are running long term investment, always have to undergo the active maintenance of seed phase, password, device for instance if your phone lost, you have to look for a way to restored everything into your new device, most people lost their seed phase, private keys and wallets that's why I have come up with little ideas especially if you're this carefree person.

It is about backup of your wallet before you store bitcoins in it. You even should try to practice recovering your wallet with your backup to make sure you know how to do it smoothly.

Backups can be a wallet file, a mnemonic seed or a private key. Whatever you do for your backup, make sure it works and you don't make any mistake in backup processing like typos.

First send your seed phase or private keys to your emails
...
and makes sure have a google doc to save your wallet keys and other information.

Emails or Cloud storage like Google Drive, Dropbox, Microsoft Azzure are not safe places for you to store your sensitive information like passport, ID photo, mnemonic seed, private key. It's terrible idea.

Backup should be stored offline, on paper, metal sheet, on your devices that should be air-gap.

[lovesmayfamilis]

Has anyone read the OP's post history? He has several plagiarisms, a bunch of open topics to which he never answers, and his second account was banned. Where does he get the desire to read something if he exists on the forum with only one intention, to write nonsense on the forum, creating dozens of new topics?
Some people do not understand the purpose of the forum, they need attention from people.  OP lacks offline attention, or something else, but his only 7 merits stand still for a very long time, despite his passionate desire to get more.
Advising him to read and develop is the same as offering an illiterate person to read the alphabet. Unfortunately, the OP is very stupid.

[Dr.Bitcoin_Strange]

First send your seed phase or private keys to your emails, also use them to compose a little song only can listen anytime, write it down in your diaries, and makes sure have a google doc to save your wallet keys and other information.

Are you for real? With the series of malware attacks on both Android mobile and Windows, online is not the best place to keep sensitive information like passwords or even the seed phrase. The idea of even composing your seed phrase into a song is not something I find very safe to do.

It's very secure to keep your seed phrase offline; maybe write it on three or four different pieces of paper, laminate them, and hide them in different safe locations.

Also, to secure your seed phrase, it's better to use the stainless steel recovery seed backup tool.

This certainly not a bad idea

You mean a completely bad idea, I guess.

[Luffygroove]

Uhm, I'm sorry, but I don't think sending your private keys using email or connecting them with a Google Doc is a wise idea because anything that's connected to the internet is vulnerable to cybercrime. I think if you really want to be safe, you can write down your seed phrase on paper and keep it in a safe and confidential location with no one knowing, and you can consider using a hardware wallet, such as a Ledger or Trezor device, to securely store your seed phrase offline. In this digital era, even if the technology is already sophisticated, I think there will always be a loophole, and the traditional way is better in this case.

[rby]

So many misleading advice and idea here

The blind does not lead the blind, but a one eyed man is a king in the land of the blinds. Then, here is not the city of blind, so it's important this kind of posts be opposed with strong words such that ignorant newbies will not copy the advices.

The cost of maintaining wallet

This should be "The cost of buying a hardware wallet.

Those who are running long term investment, always have to undergo the active maintenance of seed phase, password,

This is not correct. You don not need to visit where you stored your seed phrase to carry out any maintenance and there is nothing like password maintenance. You change password instead.

Once you own bitcoin wallet or other crypto currency, thinking of how long you can maintain your wallet follows this steps,
First send your seed phase or private keys to your emails,

Recommending what is being preached against as a standard is a sin. Doing this gives your seed phrase multiple points of failure.

also use them to compose a little song only can listen anytime,

Are you kidding? A little song indeed. After composing the song you send it to your local radio station and make them play it every 15:00 hr

write it down in your diaries,

Nothing good is coming out from you, no matter how hard you tried. Don't write it in your diary  where you write other events. Your seed phrase needs to be separate.

and makes sure have a google doc to save your wallet keys and other information.

Additional layer of blunder and points of failure. Avoid the cloud.

[Rockstarguy]

First send your seed phase or private keys to your emails, also use them to compose a little song only can listen anytime, write it down in your diaries, and makes sure have a google doc to save your wallet keys and other information.

This certainly not a bad idea because once you have your seed phrase online then it is not longer yours. It doesn’t make it any different with saving your coins on exchanges. People tend to trust too much on email and google doc but once it is compromised everything on it is exposed. Email one of the most vulnerable places to store your coins.
Everything comes with a risk and self custody is also without risk but it is better to lose your keys yourself than handing it over to hackers

You are right online is not the safest place to store the seed phrase,  because it is no longer new that email can be hacked,  and if hacked hackers have access to all vital information. We should not give all the trust to email because it is unsafe for storing privates keys. For me I think the safest place for a seed phrase is to record it in a book and put it in  a safe . Their is saying, if you want to hide money from people, put it in a book because books are not attracted to people when they first site it.

[Kelward]

What do you mean by the maintenance of the seed and password?
It doesn't need maintenance what you need to do about the seed, wallet, and password is to save them to a safe place like for example writing them down on a piece of paper hiding them in your book or vault and you should the only one who knows where you hide it.

And it's not safe to send seed phrases and private keys through email you already break one of the basic ways to protect your backup seed and private keys. Email is always connected online and it can be hacked. So that is not a good practice compared to writing them into a piece of paper.

I've learned something valuable today as a newbie, reading through comments on this topic, so when I start to trade, I will avoid these costly mistakes. It is better to write down private keys and seed phrases, and keep them in a safe place where it will not get lost, instead of saving it on the Internet. This is to avoid it being hacked in the case of theft or lose. This forum is a wonderful place to learn about bitcoin.

[Gladitorcomeback]

Those who are running long term investment, always have to undergo the active maintenance of seed phase, password, device for instance if your phone lost, you have to look for a way to restored everything into your new device, most people lost their seed phase, private keys and wallets that's why I have come up with little ideas especially if you're this carefree person.

The best option for long-term investors is to use a hard wallet,because there will be only one wallet, so even if  their devices is lost, there will not be much trouble about these passwords and seed phrases.

Once you own bitcoin wallet or other crypto currency, thinking of how long you can maintain your wallet follows this steps,
First send your seed phase or private keys to your emails, also use them to compose a little song only can listen anytime, write it down in your diaries, and makes sure have a google doc to save your wallet keys and other information.

As for storing password and seed in your email, I would not support that at all, because the chances of your password and seed getting into the hands of hackers are very high in email. If your email is ever hacked, understand that all your passwords and seeds will be easily known to hackers, and you will know this when the hacker will transfer all the assets from your wallet to his wallet. Online things are more accessible to hackers than offline things.

However, you can save it on a piece of paper or in your diary, this is a good practice and recommended by all wallets company.