A idea from my home boy

[Patrol69]

Ok, good day fellas, someone brought up an idea for storing his Electrum recovery seed to my notice and I feel it's not entirely still safe and I will like to share here for some feedbacks before I tell him my final answer about the idea.

If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.

Give your answers please, stupid? Cool? Not great? No need?

Such methods can be adopted for the security of one's wallet. A person who adopts this method must remember where he has separately stored two words out of twelve words or where he has separately stored four words out of 24 words. This method is as safe as it is risky, I say risky because whenever the total words are divided into two parts and kept separately if one of the two is lost or not found then the person can lose his wallet. I don't think there is a need to store the wallet's private key in two places if it can be kept in a safe place. Collection at one location is safer than collection at two locations if it can be safely stored in one location without separate storage.

[1714752254]

1714752254

[1714752254]

1714752254

[1714752254]

1714752254

[posi]

Ok, good day fellas, someone brought up an idea for storing his Electrum recovery seed to my notice and I feel it's not entirely still safe and I will like to share here for some feedbacks before I tell him my final answer about the idea.

If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.

Give your answers please, stupid? Cool? Not great? No need?

Such methods can be adopted for the security of one's wallet. A person who adopts this method must remember where he has separately stored two words out of twelve words or where he has separately stored four words out of 24 words. This method is as safe as it is risky, I say risky because whenever the total words are divided into two parts and kept separately if one of the two is lost or not found then the person can lose his wallet. I don't think there is a need to store the wallet's private key in two places if it can be kept in a safe place. Collection at one location is safer than collection at two locations if it can be safely stored in one location without separate storage.

Separating the seed phrase and storing it in two different places increases security but also brings more risk to our bitcoins. If we thought that storing the private key or seed phrase in 1 place wouldn't be secure enough and someone might find out. Then storing 2 places will not be more effective because, in the first place, we have chosen an unsafe storage place. I think this will only complicate things, not bring much effect. Instead, find the safest place and only we know about it, the storage will be safer and more convenient for us.

[pawel7777]

Separating the seed phrase and storing it in two different places increases security but also brings more risk to our bitcoins. If we thought that storing the private key or seed phrase in 1 place wouldn't be secure enough and someone might find out. Then storing 2 places will not be more effective because, in the first place, we have chosen an unsafe storage place. I think this will only complicate things, not bring much effect. Instead, find the safest place and only we know about it, the storage will be safer and more convenient for us.

Fair point, people, when thinking of security, tend to only focus on possibility of someone hacking their keys over the internet, but that's only one of many vulnerabilities. Losing keys stored in a physical location also needs to be considered (be it theft, fire/water damage or simply forgetting when you put them) - and the more physical location there are - the greater the risk.
But perhaps OP meant to split the phrase and keep it separately in an electronic version, i.e. as an encrypted file saved on 2 separate email accounts etc.

[BitcSeo]

⛹️‍♀️⛹️‍♀️⛹️‍♂️⛹️‍♀️⛹️‍♀️⛹️‍♀️⛹️‍♀️⛹️‍♀️⛹️‍♂️⛹️‍♂️⛹️‍♂️⛹️‍♂️⛹️‍♂️
Very funny, what a coincidence!

Year's back i had the opportunity to help one gentleman to unlock his tablet.

He was the rightful owner of that tablet. But, somehow the tanlet got stolen. After days of searching for the tablet he got an informations of the person that probably buy such item(s) so, i had to accompany him to this area. Luckily, for us we were able to find his tablet because it seems the so-called expert who normally unlock most blocked smartphone(s) & tablet were unable to unlock this one

So, we had to refund the exact which was paid to the seller(the person who probably stole the tablet)

Upon recieving the tablet, he has to insert the right passphrase in order to gain access his files. So, he tried to login with the passphrase but, access was not granted. He also check were he wrote the last 4 letters in his local language just to confirm that is the correct passphrase

I guess, the original passohrase has been frozen for security purpose. So, i had to use software to generate series of identical passphrases. Very complex procedure(s) but, i will not to explain this concept in details.

 At the end, i was able to access the tablet by resetting a new passphrase.

Final note; you see, i donot understand the local language of that fellow but, i was able to generate set of 5 key passphrases in less than 30 mins. in order to access a locked tablet.

So, generating 4 or 5 letters is as easy as drinking coffee☕ for experience folks.

I hope this help you and your colleague to make a wise decision.


Regards
Bitcseo

[letteredhub]

Give your answers please, stupid? Cool? Not great? No need?

The idea isn't a stupid one at all but it's neither cool or great!
It's not a stupid idea because there's no uniformly accepted way of securing our seed phrase, everyone makes use of the mechanism that they feel comfortably safe about and if it's working for them so well then there's no way to describe it as stupid. The goal is to keep the seed phrase safe by whatever means and these means are different for everyone.

On the other hand its neither cool nor great, in that, you can forget those two phrase you think you have off hand through memory related sickness like stroke etc those two are lost for good. More so,  having the whole or part of your seed phrase store in a single location each is not safe, it would be safer storing them in multiple secure locations you can trust for security. Take me for example, I have my seed phrase stored in three different locations, be it a natural disasters or arson occuring there's no way it will happen simultaneously to affect these three locations at a time.

[posi]

Separating the seed phrase and storing it in two different places increases security but also brings more risk to our bitcoins. If we thought that storing the private key or seed phrase in 1 place wouldn't be secure enough and someone might find out. Then storing 2 places will not be more effective because, in the first place, we have chosen an unsafe storage place. I think this will only complicate things, not bring much effect. Instead, find the safest place and only we know about it, the storage will be safer and more convenient for us.

Fair point, people, when thinking of security, tend to only focus on possibility of someone hacking their keys over the internet, but that's only one of many vulnerabilities. Losing keys stored in a physical location also needs to be considered (be it theft, fire/water damage or simply forgetting when you put them) - and the more physical location there are - the greater the risk.
But perhaps OP meant to split the phrase and keep it separately in an electronic version, i.e. as an encrypted file saved on 2 separate email accounts etc.

Split the seed phrase and save it on 2 email accounts or is it safer to save it on 2 or 3 online storage services? I've heard of this method but I never believed in hosting on online platforms, even though it sounds like a pretty good way. But the inconvenience here is that you also need to remember 2 or more email passwords, and preserving 2 email passwords is like storing seed Phrases in 2 places.

To be fair, every method has its pros and cons, which may be safe for you but not necessarily safe for others. So let's keep it in the way that we feel is safest.