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Author Topic: Best way to protect your crypto against a natural disaster?  (Read 874 times)
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January 07, 2020, 03:45:04 PM
 #61

When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time.

I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank.

Any recommendations or suggestions will be highly appreciated. Thanks in advance. Smiley

And what about paper that you will put into vacuum sealer and then you will put this bag into a some steel box and then dig somewhere in the garden. Isn´t it cheaper than CryptoSteel stuff?

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January 07, 2020, 03:55:00 PM
 #62

When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time.

I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank.

Any recommendations or suggestions will be highly appreciated. Thanks in advance. Smiley

Online wallets can be useful too but in dire situations where there's no good internet connection, it will be in disadvantage. Paper wallets can be stored as secured as possible and you can have back up copies of the printed keys as long as you keep it to be only accessible by you. Security do require more money so Cryptodsteel can be really worth it especially if you live in the kind of environment that has often experience disasters.

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January 07, 2020, 04:01:53 PM
 #63

When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time.

I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank.

Any recommendations or suggestions will be highly appreciated. Thanks in advance. Smiley

If you are storing a huge amount then why not go for it, it's worth it, based on what you are saying this is the first time I read about this wallet and it's a big help for those wants to fully secure their fortune, and about your issue, there are vault that are water and fireproof, I bought one for myself, and it's not really that expensive since it's only small.

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January 07, 2020, 05:14:13 PM
 #64

When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time.

I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank.

Any recommendations or suggestions will be highly appreciated. Thanks in advance. Smiley
I recently heard about crypro steel, which it is also an offline wallet that you also don't need any specialised tools or third party software involvement. And i think it is really a good way to store your funds because it is really secured, especially if your place is always affected with natural disasters.
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January 07, 2020, 08:34:04 PM
 #65

The basic price of CryptoSteel is around $79 according to their website which is too expensive to hide your assets inside of this CryptoSteel.

For me, If I have many assets that I want to protect for natural disaster I will make a backup of them and put them all or archive them in winrar with memorize password make just make sure the password is 12 character or more at least it takes so many years before they can bruteforce the password.
In my own rar backup I use the combination of my children's name with my birthday(in number) then I archive it again with different password that I mostly use to login with my laptop.

To make sure my assets and files inside the rar file is protected and it takes so many years or decades before they can get the files inside the rar file.

then I uploaded it to my Google drive as an hide or private don't make it public so that you are the only one who have access on this drive.

This my way on protecting them to any disaster so that once it happen you can just login your email to gmail and get that file and extract them with your known password.
This is recommended if you already memorize the password with your own because to me I still memorize the password of these archived files all important files are there including my seeds of my assets..

Thanks for this, mate. This is a great alternative to CryptoSteel that wouldn't break the bank. It's best to use a strong encryption algorithm in order to prevent hacks or theft when uploading your utmost sensitive information (crypto private keys) to the cloud. AES encryption seems to be the strongest nowadays, that's hard to break with today's computers (depending on the length of the passphrase). It's best not to use passphrases that are too hard to remember, in order to easily access your crypto funds from the cloud in the future. Redundancy is important to prevent the loss of our funds from any undesired situation. This means that the more cloud services you use to distribute your cryptocurrency data, the better it'll be to prevent data loss.

For instance, it's recommended to make several copies of private keys encrypted on various USB flash drives for convenience. Putting them on a safe box in the basement, looks like the smartest choice to make. Smiley


I think that you should aim for a combination of hardware wallets which are more resistant to natural damage than something like paper wallets, as well as a backup for your private keys or seed such as the cryptosteel (although there are many other alternatives out there that are available that could be potentially better in quality).

At the end of the day though, there is no perfect way to do this, so don't expect to be 100% safe.

The best you can do is to have multiple backups and do the aforementioned steps.

Yes. There's nothing that's 100% safe. But spreading multiple copies of our most valuable assets would minimize the risks of loss as much as possible. I'm often inclined to methods that would help me secure my crypto assets without breaking the bank. It seems that storing crypto on the cloud in an encrypted archive would be the most cost-effective way to protect one's digital valuables against natural disasters. There are many other ways to do this besides the cloud, but I think spreading the encrypted keys across the Internet would be often best than doing so physically (hard drives, flash drives, etc.).

Of course, if your crypto holdings are extremely valuable, you'd go for a "CryptoSteel" than anything else. For $79, you can't go wrong when it comes to securing crypto against fires, water, and shocks. But the average person, would look for the most affordable way to secure his/her crypto without spending too much. Just my opinion Smiley

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January 10, 2020, 12:06:30 PM
 #66

When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time.

I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank.

Any recommendations or suggestions will be highly appreciated. Thanks in advance. Smiley

Online wallets can be useful too but in dire situations where there's no good internet connection, it will be in disadvantage. Paper wallets can be stored as secured as possible and you can have back up copies of the printed keys as long as you keep it to be only accessible by you. Security do require more money so Cryptodsteel can be really worth it especially if you live in the kind of environment that has often experience disasters.

do not need any security wallet that is resistant to fire, water or others to be able to maintain the security keys that we have in case of a disaster, a strong memory is certainly the most valuable to be able to maintain the wallet security key that we have by memorizing a unique password that we have made it so that it can be accessed again when it gets an internet connection again

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January 10, 2020, 01:33:09 PM
 #67

I devide whole private key into 6/7 pieces and remove 1st Letter from each part because I memorize the 1st letter. And i made several copies, kept them in several safe places. Also have the copy in cloud, harddisk, email draft.

I know what is the best way but I prefer my way as it is almost free and doesnot need any hardware
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January 10, 2020, 01:45:03 PM
 #68

When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time.

I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank.

Any recommendations or suggestions will be highly appreciated. Thanks in advance. Smiley
We don't know when natural disaster is happen and we have ready not with natural disaster but also with some thing bad happen to us by giving bitcoin account data for our wallet and save bitcoin ID to our family, when natural disaster happen we have ready for giving all our assets to family and they can withdraw our bitcoin and altcoin assets, without give them data account our assets keep holding in my wallet in long term.
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January 10, 2020, 01:54:20 PM
 #69

We don't know when natural disaster is happen and we have ready not with natural disaster but also with some thing bad happen to us by giving bitcoin account data for our wallet and save bitcoin ID to our family, when natural disaster happen we have ready for giving all our assets to family and they can withdraw our bitcoin and altcoin assets, without give them data account our assets keep holding in my wallet in long term.

what do you mean without giving data account  ? you actually give your full account once you give your private key and/or other options like password in order to give access to your account  and what if you and your family members were on the same situation when tragedy strikes  ? its still useless if they have your infos to your crypto account because you are all in danger but we dont know the faith of everyone else , what if they survived and you didnt  ?
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January 10, 2020, 02:00:28 PM
 #70

I devide whole private key into 6/7 pieces and remove 1st Letter from each part because I memorize the 1st letter. And i made several copies, kept them in several safe places. Also have the copy in cloud, harddisk, email draft.

I know what is the best way but I prefer my way as it is almost free and doesnot need any hardware
Yes, it is free but it has one big drawback. you can very easily forget the first letter or lose some part of your key. There are a lot of such cases when people tried to complicate the storage of their private key and many of them ended very sadly. best for you to buy a cold wallet. Well, I hope you will never  forget anything






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January 10, 2020, 02:02:04 PM
 #71

I said about dividing whole key into parts and memorizing 1st letter. I have also found some unique ideas too. I want to add another idea. Educate your life partner/family members about crypto. Tell them how to use priv key, how to withdraw fund from wallet to exchange and how to do basic trading. Thus you will have educated helper and they may use your btc in your absense. Obviously you have to chose most trusted members of your family.
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January 10, 2020, 02:10:03 PM
 #72

You don't have to buy cryptosteel you made mentioned, why can't you just grab a stainless steel and write your recovery seed on it, safe from fire, water and bad environments too
Good idea,  but the risk here is when we loss this.  I think the good thing is put this in safety vault in bank a long with your golds,  and other jewelry.  Or copy private keys and save this online so you can open this anytime when you are online.
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January 10, 2020, 02:33:05 PM
 #73

I think the best thing to protect my cryptocurrencies safe from natural disasters like fire, earthquake and even flood is still storing my assets into my online wallet because it is intangible which makes it safe and secure not to be eliminated by the natural disasters in which I can still do have access on it once everything have gone into proper situation once again. What I just need is to secure that all the private keys and passwords are in tacked with me to be able to access it. Usage of hardware wallets can also be a good option as long as you took good care of it not to be loss when doing evacuation process into a safe place. Those are the possible ways for me on how I can protect my cryptocurrencies which is for me is suitable and more convenient ways to do since cryptocurrency is concerned. Still proper storage and taking care of whatever option you choose to take care of your assets from natural disasters is needed to be considered as well.

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January 10, 2020, 02:44:49 PM
 #74

in general, disasters will not make crypto disappear, everything will still be stored in your wallet. the problem is, the impact of the disaster can make the internet network down and you cannot access anything including your crypto wallet. then the most vital thing is, the device that you use to access the crypto, when a natural disaster occurs and it turns out to result in damage to your device, you also cannot access it. although it is not physical, but the disaster and its effects can make us unable to access crypto.

as a simple example, the device and connection to access are the tools, while crypto is the subject. if the device is not available, then we cannot access the subject. while the subject will still continue to be there.
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January 10, 2020, 03:04:38 PM
 #75

in general, disasters will not make crypto disappear, everything will still be stored in your wallet. the problem is, the impact of the disaster can make the internet network down and you cannot access anything including your crypto wallet. then the most vital thing is, the device that you use to access the crypto, when a natural disaster occurs and it turns out to result in damage to your device, you also cannot access it. although it is not physical, but the disaster and its effects can make us unable to access crypto.

as a simple example, the device and connection to access are the tools, while crypto is the subject. if the device is not available, then we cannot access the subject. while the subject will still continue to be there.
Before faced with bad thing in our life like an accident or natural disaster we need save blockchain account or bitcoin data for trusted family and teach them how keep safety safe our data assets, when we got some thing bad our family still chance to get back how much assets save in our wallet, by the way we need give them data save in google drive or saving in online data.
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January 10, 2020, 03:26:22 PM
 #76

I think the best thing to protect my cryptocurrencies safe from natural disasters like fire, earthquake and even flood is still storing my assets into my online wallet because it is intangible which makes it safe and secure not to be eliminated by the natural disasters in which I can still do have access on it once everything have gone into proper situation once again. What I just need is to secure that all the private keys and passwords are in tacked with me to be able to access it. Usage of hardware wallets can also be a good option as long as you took good care of it not to be loss when doing evacuation process into a safe place. Those are the possible ways for me on how I can protect my cryptocurrencies which is for me is suitable and more convenient ways to do since cryptocurrency is concerned. Still proper storage and taking care of whatever option you choose to take care of your assets from natural disasters is needed to be considered as well.

cryptosteel offers something that is very effective in conditions where you can only save yourself and carry all your crypto assets in one small tool that is resistant to all conditions, I think is very good when in a major disaster that makes you evacuate for an indefinite period of time. The use of hardwallets will still be very vulnerable in such severe conditions.
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January 10, 2020, 04:28:02 PM
 #77

I think it is a matter of how we can make our wallets safe. Engraving to metals was such a good idea. I think we can engrave it on gold or other valuables that can be safekeep in safe deposit boxes in banks which I think can withstand natural disasters.
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January 10, 2020, 05:02:47 PM
 #78

I recently watch a video about crypto steel and it is truly one great wallet that i could use someday to store my funds. This crypto steel has a cassette and capsule versions of it, and it is really solid and durable for natural disasters, that is why it is good to keep all of your funds safe and secured.



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January 10, 2020, 05:25:05 PM
 #79

Best way is multiple offline backups, paperwallets, .dat files saved on usb, and stored in different secure locations.  If disaster happens in one area you will be fine because you have your backups elsewhere.  Whatever you do, make sure you make at least one backup, too many stories of lost crypto out there.

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January 10, 2020, 05:57:23 PM
Last edit: January 10, 2020, 06:11:03 PM by uray
 #80

When a natural disaster strikes (such as an earthquake or a hurricane) you'll need to protect your most valuable assets. While most people preserve physical cash for events like these, crypto proves to be a better solution (as it's intangible). The most common form of securing one's crypto funds is a paper wallet. However, this method is not resistant against dust, water, or even fire. Even hardware wallets are susceptible to harsh environmental conditions over time.

I know there's something called "CryptoSteel" which is a seed wallet that's fireproof, waterproof, and even shockproof. The only downside is the price which is quite expensive. Which is why, I'm looking for the best way to protect my crypto against a natural disaster that won't break the bank.
Have you considered saving everything in hardware wallet and then depositing in safe deposit boxes in multiple location if you are living in a fragile area which is susceptible to natural disasters around the year and it is the cheapest way than trying for other methods.
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