bitzizzix
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 04:35:36 AM |
|
I rarely check my seed phrase, but sometimes I accidentally do it because I'm confused about what else to do in front of the monitor and just for fun I like to open it. And I have also modified my seed phrase with a steel plate that I put in a very safe place and also some pieces of paper that I kept in several places in case of unexpected events. And this seed phrase is the core of the assets that I hold and must be looked after properly, so I think it's a good idea to check it, even though it's not often, but it's a sign that we care about the seed phrase.
|
| CHIPS.GG | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀░▄░▀▀▀▀▀░▄░▀███▄ ▄███░▄▀░░░░░░░░░▀▄░███▄ ▄███░▄░░░▄█████▄░░░▄░███▄ ███░▄▀░░░███████░░░▀▄░███ ███░█░░░▀▀▀▀▀░░░▀░░░█░███ ███░▀▄░▄▀░▄██▄▄░▀▄░▄▀░███ ▀███░▀░▀▄██▀░▀██▄▀░▀░███▀ ▀███░▀▄░░░░░░░░░▄▀░███▀ ▀███▄░▀░▄▄▄▄▄░▀░▄███▀ ▀████▄▄▄▄▄▄▄████▀ █████████████████████████ | | ▄▄███████▄▄ ▄███████████████▄ ▄█▀▀▀▄█████████▄▀▀▀█▄ ▄██████▀▄█▄▄▄█▄▀██████▄ ▄████████▄█████▄████████▄ ████████▄███████▄████████ ███████▄█████████▄███████ ███▄▄▀▀█▀▀█████▀▀█▀▀▄▄███ ▀█████████▀▀██▀█████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀████▄▄███▄▄████▀ ████████████████████████ | | 3000+ UNIQUE GAMES | | | 12+ CURRENCIES ACCEPTED | | | VIP REWARD PROGRAM | | ◥ | [ | Play Now | ] |
|
|
|
Yamifoud
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 05:43:51 AM |
|
Honestly, I couldn't remember how often I check my seeds phrase in a year and even changing my passwords haven't done yet. Maybe there is no problem with that if we know that was totally kept safe and of course, when we know that nobody knows where we save and keep them. It was necessary only if we used 3rd party wallets as they are prone to hacking incidents. Checking twice a year is good enough because as long as we never save our keys/seeds which are accessible online, I was sure that it was safe.
|
|
|
|
peter0425
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 05:49:51 AM |
|
not that often mate , because there is no need to check my Seed because of being safe and I am confident enough.
Not sure why people need to check it from time to time? sometimes our continues checking will send chances for this to be hacked or phish .
and also When need to transfer and withdraw yes that is the time I need to check them again .
|
|
|
|
LesterD
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 665
Merit: 114
#SWGT PRE-SALE IS LIVE
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 06:41:52 AM |
|
not that often mate , because there is no need to check my Seed because of being safe and I am confident enough.
Not sure why people need to check it from time to time? sometimes our continues checking will send chances for this to be hacked or phish .
and also When need to transfer and withdraw yes that is the time I need to check them again .
Well, there are some people who want to check the current status of their see phrase just to be sure of its safety. Even if you store it in a place where no one can easily find it, there are some people who can't stop thinking of the possibilities that might happen.
|
|
|
|
CryptSafe
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 10:44:03 AM |
|
not that often mate , because there is no need to check my Seed because of being safe and I am confident enough.
Not sure why people need to check it from time to time? sometimes our continues checking will send chances for this to be hacked or phish .
and also When need to transfer and withdraw yes that is the time I need to check them again .
There is no wrong in one checking for their key phrase regularly or constantly because that would give them an assurance that their key phrase are still where they are kept which is advisable to do for security reasons. Why it is done is to know if there is any shift or change in position where the details were kept so the owner would know if there is any compromise as to warrant him or her to move the assets from that wallet to a new one. If you read OP post well you will notice that OP made a statement which points towards that direction and it happened that OP noticed it as a result of his relocation from his previous place to a new place which warrants he checked for it if it is still intact where he kept it. That alone could make some one lose their assets thinking they had backup somewhere written down but unknown to them they had lost it while moving things from one spot to another. This is why it is good to constantly checking on your keys if Stored or written down and kept elsewhere for safe keeping purposes. So I am would say it is not bad for a constant check on ones key phrase regularly.
|
|
|
|
CryptounityCUT
Copper Member
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 71
Merit: 16
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 11:29:14 AM |
|
Constantly checking your seed phrase is not necessary. My personal approach is to write the seed phrase on 2 or 3 papers covered in plastic to protect it from environmental damage. I check my Bitcoin balance once a month because I add some to my hardware wallet.
|
|
|
|
fuguebtc
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 12:14:32 PM |
|
not that often mate , because there is no need to check my Seed because of being safe and I am confident enough.
Not sure why people need to check it from time to time? sometimes our continues checking will send chances for this to be hacked or phish .
and also When need to transfer and withdraw yes that is the time I need to check them again .
I don't check my seed phrases very often but I don't see any problem if someone checks periodically or multiple times. How can that lead to hacking or fraud when you do it alone and if you use a hardware wallet you hardly need to connect or do anything on your computer? Depending on each person's personality, some people will check periodically but others won't, and I see it has nothing to do with hacking or scam as you said. In my opinion, we do not need to check regularly but periodically several times a year is the right thing to do.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
yazher
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 02:23:22 PM |
|
As for me, I open it at least once a year and I don't recommend it because we have some different level of knowledge and I was lucky enough to remember my Seed Phrase throughout these years. Others might find it difficult to do what I am doing but surely by now, they have found a way where they can easily protect and preserve their keys. As long as you don't compromise your seed keys and expose them to others, you are completely in any way shape, or form you are preserving it right now. The best way is to write it and cut it in half while keeping it in different places, it works for me well.
|
|
|
|
coupable
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 02:23:35 PM |
|
Anyway, I do check every now and then to make sure that my seed phrases are safe. I made a big mistake in my early days. I backed up my key on an online notepad platform and it got compromised. Never gonna do that mistake again LOL.
Keeping savings in an online wallet is much riskier than keeping them on a trading platform. I think most of us committed this foolishness in the beginning. You tried to avoid this old error, but it does not seem that you took the correct steps since you have four backup copies. Multiple copies increase the possibility of one of them being discovered or stolen. This would have been effective if you had more than one seed, meaning that you divided your savings into more than one wallet, which can be considered a safe step as well.
|
|
|
|
Smack That Ace
Legendary
Offline
Activity: 1904
Merit: 1102
Free Free Palestine
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 02:33:38 PM |
|
Anyway, I do check every now and then to make sure that my seed phrases are safe. I made a big mistake in my early days. I backed up my key on an online notepad platform and it got compromised. Never gonna do that mistake again LOL.
Keeping savings in an online wallet is much riskier than keeping them on a trading platform. I think most of us committed this foolishness in the beginning. You tried to avoid this old error, but it does not seem that you took the correct steps since you have four backup copies. Multiple copies increase the possibility of one of them being discovered or stolen. This would have been effective if you had more than one seed, meaning that you divided your savings into more than one wallet, which can be considered a safe step as well. Too many wallets is not necessarily safe because you can avoid hacker attacks and only lose a portion of your bitcoins if one of your wallets is hacked. But using multiple wallets for storage means you need to spend a lot of time and need to find many safe places to store those Seed Phrases. If you have an amount of money up to millions of USD, you can divide it into 2 to 3 wallets, but if it's just a few bitcoins, I think just 1 wallet is enough. As long as we ensure the safety of the seed phrase, there is nothing to fear.
|
|
|
|
Razmirraz
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 03:08:24 PM |
|
Maintaining the security and integrity of the Seed Phrase needs to be done so as not to lose access to open the wallet where you store several assets. I'm the type of person who rarely checks Seed Phrase because it has always been stored in a safe place and can be guaranteed to always be in good condition. Everyone will agree that the Seed Phrase is the most valuable part for individuals who store crypto assets, as long as it is stored in a safe place and written on a hard object such as a stainless plate or the like, there is no need to check it periodically because its needs are guaranteed.
|
|
|
|
tjtonmoy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 04:24:16 PM |
|
Too many wallets is not necessarily safe because you can avoid hacker attacks and only lose a portion of your bitcoins if one of your wallets is hacked. But using multiple wallets for storage means you need to spend a lot of time and need to find many safe places to store those Seed Phrases. If you have an amount of money up to millions of USD, you can divide it into 2 to 3 wallets, but if it's just a few bitcoins, I think just 1 wallet is enough. As long as we ensure the safety of the seed phrase, there is nothing to fear.
It is never a bad decision to have multiple wallets in order to store your BTC. The safer you stay the safer your assets will be. Even if it's 1 BTC, you should take caution and keep it in separate wallets by dividing it. If one of your wallets gets compromised, you can still have the other wallets. Safety is the key. To some people, $10 means a lot and they will do whatever is necessary to keep it safe. So I don't think it's a bad idea. Instead, it's a good practice to do. Today you may own $1 tomorrow it could be $1000. So doing it beforehand and gaining experience is good. It all comes down to how you keep your seed phrase safe. Many people have different methods that they use for this particular reason. Maybe you should also come up with something and keep your phrase safe that way. You can keep multiple seeds in one place and encrypt them using your own method. That will ensure safety no matter how many copies you make out of it.
|
|
|
|
terrific
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 04:32:09 PM |
|
No time for checking it. If there is no problem, for me I do not need to check it because I know that it is there and intact. But these reminders on why we need to check got me guilty that I have to be so sure too that it's doing well and if the words that have been written are still fine and printed.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
Davidvictorson
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 08:56:53 PM |
|
No time for checking it. If there is no problem, for me I do not need to check it because I know that it is there and intact. But these reminders on why we need to check got me guilty that I have to be so sure too that it's doing well and if the words that have been written are still fine and printed.
I did my homework thoroughly on securing my seed phrase even before I had a need for it. The articles, videos, and podcasts that I read watched and listened to prepared me so that when I secured my seed phrase I can be sure that in the next five decades nothing Earth, wind, or water can tamper with it including human forces. It is safe and secure, no need to check it.
|
|
|
|
Yatsan
Legendary
Offline
Activity: 2520
Merit: 1244
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 09:03:19 PM |
|
No time for checking it. If there is no problem, for me I do not need to check it because I know that it is there and intact. But these reminders on why we need to check got me guilty that I have to be so sure too that it's doing well and if the words that have been written are still fine and printed.
I did my homework thoroughly on securing my seed phrase even before I had a need for it. The articles, videos, and podcasts that I read watched and listened to prepared me so that when I secured my seed phrase I can be sure that in the next five decades nothing Earth, wind, or water can tamper with it including human forces. It is safe and secure, no need to check it. Indeed if the security of the device where your wallet is logged would be enough as long as you are being responsible with the platforms or things you are accessing it with. Only those who are anxious are the ones to check it frequently. But in reality, the more you do not access it with platforms or networks which could infect the mother device, won't give you any problem on the long run. Just be sure to keep the copy of where it is written in order to make sure that no one else would have access into it and that if there would be anu problems then you could make an action with it.It is our money in the first place which should be enough to push us to be more cautious of its linkage and to avoid things get into worse.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Asuspawer09
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2023, 11:17:25 PM |
|
From the day i created my wallet i mever really check my seep phrase to be honest it is written in a notebook so i guess it is kinda safe in there , i mever really relocate my wallet it is just on my desktop pc, probably only if i encounter problem that is the time that i am going to look and check my seed phrase to recover my account again.
But i keep that i mind, i only use my wallet on one desktop so that it is not going to be confusing and just to be safe. Im just afraid of doing something on my seed phrase since it has funds on it. I might break it or something so i avoid doing something or checking it.
|
| | | SHUFFLE.COM | | | | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ | ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | ████████████████████ ████ ██ .
| ██████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██████ | |
|
|
|
Seinlocko
Newbie
Offline
Activity: 51
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2023, 03:14:16 AM |
|
The initial code phrase on a crypto wallet is something that is very important to always keep safe. Because of the wallet code phrase, the contents must be truly valuable. So don't be careless if you save and hide the code phrase. Don't let us forget where we hid the wallet phrase code. In essence, in my personal opinion, keep the wallet password code in a safe place, but don't hide it too much. Just save it in a place that is familiar to our thoughts.
And checking regularly is also very necessary. So that we can always ensure that the wallet phrase code is safe. Because checking the code phrase doesn't take much time, it must always be checked regularly.
|
|
|
|
terrific
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2023, 12:33:25 PM |
|
No time for checking it. If there is no problem, for me I do not need to check it because I know that it is there and intact. But these reminders on why we need to check got me guilty that I have to be so sure too that it's doing well and if the words that have been written are still fine and printed.
I did my homework thoroughly on securing my seed phrase even before I had a need for it. The articles, videos, and podcasts that I read watched and listened to prepared me so that when I secured my seed phrase I can be sure that in the next five decades nothing Earth, wind, or water can tamper with it including human forces. It is safe and secure, no need to check it. Nice. You have secured it probably with a metal piece or dog tag that will never get burnt and no doubt that even Earthquake comes, it's still going to be in whole piece. That's nice that you have made your homework well and you're able to secure that regardless of what acts of nature will come.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
Smack That Ace
Legendary
Offline
Activity: 1904
Merit: 1102
Free Free Palestine
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2023, 12:36:24 PM |
|
Too many wallets is not necessarily safe because you can avoid hacker attacks and only lose a portion of your bitcoins if one of your wallets is hacked. But using multiple wallets for storage means you need to spend a lot of time and need to find many safe places to store those Seed Phrases. If you have an amount of money up to millions of USD, you can divide it into 2 to 3 wallets, but if it's just a few bitcoins, I think just 1 wallet is enough. As long as we ensure the safety of the seed phrase, there is nothing to fear.
It is never a bad decision to have multiple wallets in order to store your BTC. The safer you stay the safer your assets will be. Even if it's 1 BTC, you should take caution and keep it in separate wallets by dividing it. If one of your wallets gets compromised, you can still have the other wallets. Safety is the key. To some people, $10 means a lot and they will do whatever is necessary to keep it safe. So I don't think it's a bad idea. Instead, it's a good practice to do. Today you may own $1 tomorrow it could be $1000. So doing it beforehand and gaining experience is good. It all comes down to how you keep your seed phrase safe. Many people have different methods that they use for this particular reason. Maybe you should also come up with something and keep your phrase safe that way. You can keep multiple seeds in one place and encrypt them using your own method. That will ensure safety no matter how many copies you make out of it. If you keep multiple seed phrases in one place, what's the point of using multiple wallets to store bitcoin? I'm not saying that splitting bitcoins into multiple wallets is not safe but it will also have disadvantages because having to keep multiple seed phrases safe is not easy. Furthermore, if you are sure about your security, why would you need to store bitcoins on many different wallets? Unless you don't trust your ability to protect your seed phrase and how you keep your assets safe.
|
|
|
|
leonair
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2023, 04:38:11 PM |
|
Too many wallets is not necessarily safe because you can avoid hacker attacks and only lose a portion of your bitcoins if one of your wallets is hacked. But using multiple wallets for storage means you need to spend a lot of time and need to find many safe places to store those Seed Phrases. If you have an amount of money up to millions of USD, you can divide it into 2 to 3 wallets, but if it's just a few bitcoins, I think just 1 wallet is enough. As long as we ensure the safety of the seed phrase, there is nothing to fear.
It is never a bad decision to have multiple wallets in order to store your BTC. The safer you stay the safer your assets will be. Even if it's 1 BTC, you should take caution and keep it in separate wallets by dividing it. If one of your wallets gets compromised, you can still have the other wallets. Safety is the key. To some people, $10 means a lot and they will do whatever is necessary to keep it safe. So I don't think it's a bad idea. Instead, it's a good practice to do. Today you may own $1 tomorrow it could be $1000. So doing it beforehand and gaining experience is good. It all comes down to how you keep your seed phrase safe. Many people have different methods that they use for this particular reason. Maybe you should also come up with something and keep your phrase safe that way. You can keep multiple seeds in one place and encrypt them using your own method. That will ensure safety no matter how many copies you make out of it. If you keep multiple seed phrases in one place, what's the point of using multiple wallets to store bitcoin? I'm not saying that splitting bitcoins into multiple wallets is not safe but it will also have disadvantages because having to keep multiple seed phrases safe is not easy. Furthermore, if you are sure about your security, why would you need to store bitcoins on many different wallets? Unless you don't trust your ability to protect your seed phrase and how you keep your assets safe. The seed phrase is not something to memorize. so you have to find a place to keep it securely which will be very secure because if someone gets it then they can access the wallet and manage the funds without any authorization. The seed phrase or private key is the lifeblood of a wallet. So to save your wallet you need to save your seed phrase. And keeping multiple wallets safe is a lot of trouble so it is wise to use only 1 wallet as main wallet for holding and 2nd wallet for another purpose
|
|
|
|
|