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Author Topic: Store your seed phrase offline  (Read 644 times)
_act_ (OP)
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January 05, 2023, 07:39:34 AM
Merited by Wiwo (2), Welsh (1), Upgrade00 (1), Lida93 (1)
 #1

I have not used LastPass password manager before, some people said it is also used for 2 factor authentication, but this is about people that are convenient to store their seed phrase, private key and password using a password manager that can connect online. The password manager uses vault to store people's information which are encrypted. In August 2022, hacker breached data of LastPass users, but can only be accessed using the password the users used to encrypt the data, said LastPass.

LastPass attacker stole password vault data, showing Web2’s limitations
LastPass data breach led to $53K  Huh stolen, lawsuit alleges

What do you think about this? Before hacker can have access to something, that means the vault is online. If something is online, it can be hacked. If a password manager is not offline, do not use it. I like to put my seed phrase on a paper, if you want it safer, you can use a steel backup for it, there are steels that you can buy to backup your seed phrase and it is not a waste of money.

If you are afraid of people not to see your seed phrase and steal it, keep your seed phrase in a very safe place but use passphrase to make it safer.

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January 05, 2023, 08:09:49 AM
 #2

In my opinion, online storage is equally dangerous whether you store it on Gmail or iCloud... are not safe. I like to print my seed phrases on paper and use plastic to make them more durable, super convenient to store, and easy to move. I was thinking of using small steel plates to carve the phrases, but I really don't trust handing them over to the blacksmith or any stranger.

LastPass is the worst password manager app I have ever seen, it has been hacked many times before, not just once in 2022. Currently, I also use a password manager just to create strong passwords and manage regular passwords, never used to save bank accounts or important emails. Honestly, I never wholly trust online storage services, they are only for convenience, never guarantee safety.

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January 05, 2023, 08:17:36 AM
 #3

I had an experience where I stored my keys in the cloud, and I lost access to the cloud. Since then I no longer store any seed and pass phrase associated with my wallet in any software or online repository. I prefer to keep my phrases in a book that I can easily keep at home. Indeed, books can be lost, but I always save with backups and this makes me feel safe.

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January 05, 2023, 08:25:46 AM
 #4

No online password security will be as strong as storing offline, either it's 2FA or 3FA Authentication do not use them to store your wallet's private seed.

There is no malware, spyware or hackers without online/ internet access, think about it, the only way to stay safe is offline 100%.

Writing seeds down on a paper book or steel carving is the best practice ever.

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January 05, 2023, 08:35:51 AM
 #5

In August 2022, hacker breached data of LastPass users, but can only be accessed using the password the users used to encrypt the data, said LastPass.
I've always thought storing your data online is a terrible feature for a password manager! Obviously the hacker still needs the user passwords, but now he got all encrypted files at once. By only storing your passwords locally, the hacker would have to hack millions of computers to get the same data.

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January 05, 2023, 08:58:36 AM
 #6

LastPass has a terrible reputation. The last story is still not fully understood. On December 22, the team admitted that the leak was more serious than they expected. And yes, we also remember that the team did not immediately react to warn users. There is an explanation of what happened; you can follow the link.
https://blog.lastpass.com/2022/12/notice-of-recent-security-incident/

But by trusting third parties with our seed phrases or passwords, we are tacitly signing a disclaimer. Therefore, in order not to blame ourselves for any incidents, such as theft or leakage, we must rely only on ourselves. In addition, we all exaggerate the complexity of storing important data. There is always a place in your personal space where you can store things away from prying eyes, be it paper with a seed phrase, a flash drive, or something else. And it is better that there are several archives, but in reasonable quantities.

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January 05, 2023, 09:07:45 AM
 #7

Anything that is stored on the Internet is not safe, very powerful websites have been hacked and their data stolen so I do not trust any online storage service.

Of course, storing seeds on paper and storing paper in a safe place is much better, but you must also be careful because paper is vulnerable to loss, damage or theft, so you must choose the place to store paper with great care.

it is preferable to divide the seeds into several sections and put them in different places so that even if Part of the seed was stolen, not enough to steal the wallet.

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January 05, 2023, 09:13:40 AM
 #8

In August 2022, hacker breached data of LastPass users, but can only be accessed using the password the users used to encrypt the data, said LastPass.
I've always thought storing your data online is a terrible feature for a password manager! Obviously the hacker still needs the user passwords, but now he got all encrypted files at once. By only storing your passwords locally, the hacker would have to hack millions of computers to get the same data.

People will always go for convenience. And you cannot deny the fact that accessing that online stored passwords across all your devices is a nice feature. It's still better than having the same (weak) password everywhere, you know...
Of course, everything that's stored online is at a certain level of risk. That's why the things (websites, apps) that hold money need at least 2FA too. And the online things should not hold meaningful amount of money.
And, bottom line, clearly, keeping wallet seed anywhere online is an awful idea, the worse possible one.

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January 05, 2023, 09:14:40 AM
 #9

Previously, I had stored all data online, such as Google Drive, iCloud, Dropbox, but I no longer stored it there, the past has become a lesson where I cannot access it anymore and the safest and most comfortable way to store seed phrases is offline with writing paper that is kept at home, I even wrote several papers so that one could be lost there could be a backup for the other I did that when some important data had to be kept safe offline.

As many have suggested storing offline is a good way to protect data from being hacked, you can also have a physical safe and I store there, because there is much more that we have to protect our assets than especially this seed phrase is very important.

My friend is now frustrated because he saves all the data on his cellular when the cellphone falls and is damaged the data can't be backed up anymore, he has lost what assets he has, a sad story.

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January 05, 2023, 09:26:34 AM
 #10

the safest and most comfortable way to store seed phrases is offline with writing paper that is kept at home, I even wrote several papers

Especially if you are active in Bitcoin circles, especially if you also tell how much bitcoins you have, ... keeping the backup seed at home is not great, since it's the first place a burglar would search for it.
So if you keep it at home, find a way to make it not-really-obvious.
Keeping multiple copies in multiple geographically separated locations becomes a must, especially if you get to amounts that really matter.

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January 05, 2023, 09:45:20 AM
 #11

I have been for that belief a long time ago when I've been into this market that keeping important details/data such as passwords and private keys on the cloud is never been safe. Keeping it traditional on a piece of paper or anything that you can keep safely(offline) is way better than it.
Steel plates or dog tags are good ones that I've seen but I've been doing this on a piece of paper for a long time and this has made me more concern about my private keys I'm the one who's really keeping them.

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January 05, 2023, 10:20:58 AM
Merited by NeuroticFish (5), Pmalek (2)
 #12

People will always go for convenience. And you cannot deny the fact that accessing that online stored passwords across all your devices is a nice feature.
Sure I can: I don't want to share all my passwords on all my devices, it's insecure and therefore a terrible feature. Every additional device that has access increases the risk of compromising your data.

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It's still better than having the same (weak) password everywhere, you know...
That is indeed terrible too. I especially hate websites that ask you to change your password regularly, that just encourages people to use something simple.
My system: I use different accounts for different devices. Hence LoyceMobile. Disable password recovery as much as possible. Don't do banking on mobile. Use a separate Bitcoin wallet on mobile. Never use my creditcard on mobile (that saves a lot of money too).
I'm also paranoid to install anything untrusted. I prefer not to install it at all, but if I have to, I'll use a VM or a dedicated laptop (when done, I dualboot into the second partition to overwrite the first partition in a few minutes).

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That's why the things (websites, apps) that hold money need at least 2FA too.
I love dust crypto wallets without password and I hate 2FA. Many websites take more and more time to access, just because people can't keep their passwords safe. Every time I login to Gmail from a private window, it emails me to tell me what I did. It's annoying for unimportant accounts.

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And, bottom line, clearly, keeping wallet seed anywhere online is an awful idea, the worse possible one.
I'm not that brave Tongue

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January 05, 2023, 10:30:09 AM
Merited by LoyceV (4), Pmalek (2)
 #13


While I clearly understand your point, I find it somehow making your live more difficult for not enough of good reasons (of course, you may see my point superficial).
I clearly know that your security is better than mine. But I simply keep my coins on hardware wallet, so I avoid easily most of the possible bad surprises in one step. And the rest - if my passwords get stolen, while it would clearly be a bit unpleasant, it will (by far!) not be the end of the world.
So I went for convenience, knowing hopefully most* of the risks and keep them at a rather low level.

* I don't consider myself knowledgeable enough to claim that I know all of them; doing that would be the first step towards great mistakes.

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January 05, 2023, 10:40:55 AM
 #14

I find it somehow making your live more difficult for not enough of good reasons
It may surprise you, but I actually find it easier. No need to worry about my phone, if I lose it I get a new one (okay, that's expensive). Less malware to deal with, and strong passwords everywhere.

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January 05, 2023, 11:12:50 AM
 #15

I also prefer to save Seed phrases offline. At first I just wrote on a piece of paper in my notebook and kept it with other important documents. but I have read in this forum about another way which is more effective and safe even without having to keep it locked. i.e. spreading every word in a Novel book
which is boring and has quite thick pages. and how it spread only I know. So it will be difficult for someone to find word for word in the novel. because it requires a special sign which is quite difficult to be found by people who don't know.

I was inspired by this post by Mr. @ahli38 in this thread
Be honest if i imagine being in the same situation. so I'm also a little confused when it comes to finding solutions to the problem of storing seed phrases safely when we are in a situation where we have to carry them with us when traveling like moving or something like that.

the solution I think of if I want to move house. and of course have to carry everything including a spare sheed phrase of my crypto wallet.
maybe when I'm at home then it's safe when I write it on a piece of paper and keep it in a drawer with a sturdy lock.

but when we will move and take it with us. then I will do the following steps.

- take a book of novels / stories or similar thick reading books.

- took the paper that had my wallet's seed phrase written on it.

- I will start copying into the novel/thick reading book in the order of 1 word per sheet. It doesn't have to be the front page, we can start from the middle page. for example from page 20. if there are 12 seed phrases, then I will write 1 word on page 20, 1 word on page 22, 1 word on page 24, and so on until the 12 words have been copied at the novel/thick reading book.

- after making sure you copied correctly. then burn the initial paper that contains our wallet's seed phrase.

- and now we just need to keep the novel containing the seed phrase on the way safely. I'm pretty sure no one wants to open the page after page of the novel we brought. and if it opens it will certainly be cursory.

second way

We can save our wallet's seed phrase into a novel by bolding or underlining every word that matches our wallet's seed phrase. I don't recommend marking it with a highlighter because it's too obvious.

that's the only solution i could think of. hopefully help in keeping our crypto wallet safe on the way.

but I only do this for wallets that are specifically for storing my assets in the long term.

and for the wallet that I usually use every day, I only save it in the SDcard backup on my cellphone. I don't want to over complicate it. because there are not many assets in it. but for a special wallet for my long term investment. then obviously I saved it specially.

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January 05, 2023, 12:04:35 PM
 #16

the safest and most comfortable way to store seed phrases is offline with writing paper that is kept at home, I even wrote several papers

Especially if you are active in Bitcoin circles, especially if you also tell how much bitcoins you have, ... keeping the backup seed at home is not great, since it's the first place a burglar would search for it.
So if you keep it at home, find a way to make it not-really-obvious.
Keeping multiple copies in multiple geographically separated locations becomes a must, especially if you get to amounts that really matter.
It will never be told to anyone how many bitcoins I have because privacy will still be guarded by me so that people will never know the amount of ownership.
Because make sure it's a safe place for me to store the seed phrases and I also won't keep it in one wallet it's broken into several pieces and storage at home is always different at every point of its location, I make sure thieves never know because this is a piece of paper kestas that are safely hidden.

So it's important with lots of copies in various places because indeed with a very good amount I have, I have to be able to keep and I make several points that no one will ever know but these are still in the home circle.

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January 05, 2023, 01:12:02 PM
 #17

OP didn't say anything new in his topic. Here, everyone has long known that online bitcoin storage is the biggest stupidity that can be committed and only offline will be the safest. It seems that technology has advanced a lot in recent years, but nothing can replace the creation of a physical backup.

I've always had a bias against password managers and still don't trust them. Moreover, seed phrases.

Everything is ingeniously simple: wrote seed phrase on paper (or other material of your choice) and hid it in a safe place. Make multiple duplicates in exactly the same way. What can go wrong?

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January 05, 2023, 01:26:53 PM
 #18

Everything is ingeniously simple: wrote seed phrase on paper (or other material of your choice) and hid it in a safe place. Make multiple duplicates in exactly the same way. What can go wrong?
What can go wrong is that someone can find it. You can encrypt it, but that means you'll need to make sure you don't lose the password.

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January 05, 2023, 02:17:26 PM
 #19

Everything is ingeniously simple: wrote seed phrase on paper (or other material of your choice) and hid it in a safe place. Make multiple duplicates in exactly the same way. What can go wrong?
What can go wrong is that someone can find it. You can encrypt it, but that means you'll need to make sure you don't lose the password.
Yes, that's right, and each copy of the backup increases the chances that someone can find seed phrases. But still, it seems to me that fewer people can find seed offline than online.

The idea with encrypted information looks better, but with the desire and computing power, it can be decrypted, right? At least it will definitely protect from prying eyes.

Unfortunately, there is no perfect way, but if you choose between online and offline storage, my preference is in favor of offline, even with all the disadvantages.

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January 05, 2023, 05:56:04 PM
 #20

What do you think about this? Before hacker can have access to something, that means the vault is online. If something is online, it can be hacked. If a password manager is not offline, do not use it.

I see using this kind of method ad well as being synonymous to using a centralized wallet or using hot wallet since you're securing your seed phrase online but the funny part is that sone users don't even know why they shouldn't use such and in the same guide some presents the online storage as the safest means to security and storage of keys, newbies or any other users involved in this should understand that using a cloud storage or vault as the case may be isn't the best way to secure our seed phrase.

I like to put my seed phrase on a paper, if you want it safer, you can use a steel backup for it, there are steels that you can buy to backup your seed phrase and it is not a waste of money.

Exactly, if you can only make that little sacrifice of small amount in securing this is better than taking the risk that can help through loosing the whole assets, the more some prefer hardware wallets while some will run a full node if they bare technically equipped all in other to remain privately secured.

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