Coinplate Steel Seed Phrase Saver

[m2017]

Shipping physical, clearly Bitcoin-related products (and other goods, too) is always an area of concern.
Price-wise though, I just checked and their markup is actually not too high, considering the extra work for the milling, tapping and engraving.

It's much less dangerous than buying hardware wallets, since this is just a piece of metal and there is no direct connection with Bitcoin.
You could probably ask them to write on declaration paper it's just a metal plate for home use.

It would be nice to know foggoat's opinion on this matter and whether they can indicate to their customers on declaration paper a minimum of information about the content, of course, without telling what is inside. Also, it would be better not to indicate the name / logo of the manufacturer on the package / declaration paper and this applies not only to the Coinplate company. What do you say to that, foggoat? The name of your company leaves no doubt what is inside the package. This is not only for you, but for most of your competitors too.

[1715666873]

1715666873

[1715666873]

1715666873

[Pmalek]

Problem I see with splitting seed phrases in any other way than good multisig setup, is that you will have single point of failure.
Losing single part of split seed words would mean you will lose all your coins and all other parts would be useless.
I could say similar thing for Shamir Secret Sharing, it also has single point of failure.

That's not the case for the method that foggoat proposed. In his example, each share contains 16/24 words and any two shares will have all the words necessary to recover the seed. Losing one share still leaves two splits that can be used for wallet recovery.

So if we were to rank the different splitting systems from 1-4, the worst one would be to split 24 words on three and backup 8 words on each split. In that case, losing one share means losing your coins. In 3rd place we would have foggoat's example with 16 words per share. SSS would take the 2nd place. And using multisig is still the best way to go about it.

[Agbe]

I have not yet seen any system to recover the phase of this wallet if it is lost. And if the phase of this wallet is lost then it is never possible to re-login the wallet and there is no option to hit forget. However, in the case of 12/24 -word phase, there are many words that can be recovered from there. But I think it is not possible to figure it out. But there is a simple idea with the help of 24/7 support it is very possible to bring it back.

My comrade, you are out of point from the whole topic and discussion here. We are not taking about recovering of seed phrase here but where to keep it in a safe place. That is why Coinplate Steel is recommended so if anyone is interested can order and get it from the company so you are not to hit or click any forgotten password link. Please you can look for a board that is suitable for you because your idea is contrary here. please don't be offended. thanks

[Pmalek]

I have not yet seen any system to recover the phase of this wallet if it is lost.

OK. Can you tell us how you would recover a seed that was written down on paper and got lost? Or how would you recover a seed stored digitally (not recommended) if you can no longer gain access to that medium? Let's assume in all cases that you only have that one backup. The one that's lost.

And if the phase of this wallet is lost then it is never possible to re-login the wallet and there is no option to hit forget.

It's a phrase or a seed, not a phase. Coinplate is just a metal plate where the words can be written down. It's not a wallet. Your seed can be stored on metal, paper, wood, concrete, as a tattoo on your arm... If you lose it, you lose the possibility to recover your coins if needed. You can still move your coins if they are in a fully functional and configured software/hardware wallet even without the seed. 

However, in the case of 12/24 -word phase, there are many words that can be recovered from there.

Are we still talking about a situation where you lose the entire seed or what are we talking about?

But there is a simple idea with the help of 24/7 support it is very possible to bring it back.

With non-custodial solutions, there is no support center to call. You control your money, you protect it, and only you should have a copy of your recovery phrase. There shouldn't be anyone to call when it comes to Bitcoin. If there is, you are doing many things wrong.