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Author Topic: What is the best way to store your seed phrase?  (Read 1292 times)
jerry0 (OP)
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November 30, 2023, 07:54:48 AM
 #1

Seems to me the best way to store a seed phrase with a hardware wallet would be write your seed phrase down twice and break it into 2 parts.  Also make sure you have a passphrase for the hardware wallet.  Now you open 4 safe deposit boxes at 4 different banks.  But do so in a way where the banks are a bit far from each other... like make sure it isn't 1 mile within each other at least but preferably a lot farther away like 5 miles.


Now you put 2 copies of the 1st part of the seed phrase at 2 different safe deposit boxes at different banks.  You then put the other 2 copies of the 2nd part of the seed phrase at 2 other safe deposit boxes at 2 different banks.  You then write down your seed phrase in a piece of paper in your apartment or house.  You also enter it in a password manager that you save to a usb and the cloud.  



OR


Do the same thing with putting 2 copies of the 1st part of the seed phrase at 2 different safe deposit boxes at different banks.  You then do the same with putting the other 2 copies of the 2nd part of the seed phrase at 2 other safe deposit boxes at 2 other different banks.  You also then make 1 copy of the 1st part and 2nd part of the seed phrase for you to store at your apartment in different locations.  This time however, you only enter the passphrase to a password manager that you save to a usb and the cloud but make sure you don't write the passphrase on a piece of paper in your apartment or house.  You could also make a 2nd usb flash drive and give it to someone close to you and tell them to hold it as a backup in case something happens to your usb flash drive or something happens to your password manager in the cloud accessing it.  


You could put another usb in one of those safe deposit boxes you are using but if you do that... well you are increasing your risk since if someone got access to one part of the seed phrase and has that usb... if they somehow get into your password manager... then they have 2 out of the 3 parts of it.  So say imagine the government was to seize your safe deposit boxes, well then they have access to your seed phrase and your usb with the passphrase in your password manager in the flash drive.  Now could they always hack into it if they have your flash drive?  Or the only way would be to tell you to reveal what your usb passports is and/or the password manager password?




Would you say the 1st option is ideal?  What about the 2nd option minus the putting another usb drive in one of your safe deposit boxes?
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November 30, 2023, 07:58:51 AM
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 #2

The best way to store your seed phrase is offline. Aside that online would be regarded unsafe no matter how careful you claim to be.when it comes to offline storage there is actually no best way because the best way is that which you can store it offline without a third party knowing about it.This is because every individual has his special way of storing their seed phrases offline.
so writing on papers or engraving on stone and many others doesn't really matter so long the seed is as safe as possible.

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November 30, 2023, 08:05:09 AM
 #3

The 12-24 word seed phrase etched on a steel sheet, with 2(not split up) copies, in 2 separate locations that you have easy access to, and packaged in a way where you know if someone has gained access to either of these steel sheets; plus using a secure passphrase. That should be more than enough. Less complexity, less chance of error.

Also, personally not a fan of digitization.

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November 30, 2023, 08:17:28 AM
 #4

The best way to store your seed phrase is detailed in the article by fillippone, Securing Your Seed Phrase with Washers. He doesn't just tell you the best way, he goes further to show you how to do it. Using washers, very durable, fire and water resistant, and also to other elements.

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November 30, 2023, 08:20:40 AM
 #5

How to back up a seed phrase?

After you read it, you have to figure out what is best method for you.

Seems to me the best way to store a seed phrase with a hardware wallet would be write your seed phrase down twice and break it into 2 parts.
Your idea is bad at the start. Spliting your seed phrase to two or three parts does not help you to have better backups but technically, it makes a worse backup. Losing access to one of two parts of the seed phrase, you lose your bitcoin.

After that, I also read that you want to store it at banks, it's another bad idea.

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November 30, 2023, 08:25:20 AM
 #6

I don't buy the idea of storing seed phrases on cloud or anything that has to do with internet.
I developed this idea of writing it in a Bible, it's sound weird but in there nobody understands or even wants to read it the way it's place in the bible. I split it in 2 different bibles or books that even if it's keep with anyone the chance of reading such books is very low and I believe it's a better secured for me. The pattern of writing can be upside down or something but I just manipulate it.

But no matter how you wish to secure yours at least someone should be aware of your plans in case of unforseen circumstances.

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November 30, 2023, 08:28:04 AM
 #7

I'm just keeping mine on a piece of paper hidden. If you're careful enough about it it's safe.
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November 30, 2023, 08:36:51 AM
 #8

Steel plates will be a good idea, or you can make your own. And then used safety deposit box, separate them into two.

I think even putting it below or bury it around your house might also be a good idea, specially if you have a big area.

Or maybe a multisig wallet will do as another option:


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November 30, 2023, 08:51:35 AM
 #9

I carved mine on a plate, stainless steel to be precise, and I also have a hardware wallet just in case, I use these two for different purpose, one for my altcoins and one is for Bitcoin only.

You can get a tangem wallet which is a NFC active MasterCard like, very secure and easy to use, not complicated for beginners like air gapped wallet, I think this wallet costs of $60, if you can't afford it just find a steel and use sharp object to write all the worlds on the steel.

I found this to be even more safer than writing down your recovery seed in a book, water and fire can ruin a book faster than a steel, even if you come from a place where natural disasters doesn't occur, fire outbreak can happen at anytime.

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November 30, 2023, 08:54:24 AM
 #10

Dividing the seeds into two parts by dividing the words weakens your entropy and may lead you to lose your money, as if this is a problem, you will not be able to access all your coins.
You can use a 2of4 multi-signature wallet as long as you have it
4 safe deposit boxes, and then you can put each one in a security safe and spend from any two of those security deposit boxes, adding a passphrase in case someone discovers your seeds. This is the safest way to store your money instead of dividing the seeds.

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November 30, 2023, 09:16:44 AM
 #11

The best way to store your seed phrase is detailed in the article by fillippone, Securing Your Seed Phrase with Washers. He doesn't just tell you the best way, he goes further to show you how to do it. Using washers, very durable, fire and water resistant, and also to other elements.
This is a best share mate , thank you as I was looking for complete thread to check and how
to properly secure my seeds/phrases because of the current issue of Binance so i guess i would prefer having Hardware/cold storage .
and with the shared topic I now find what should I do now , thank you again.

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November 30, 2023, 09:19:41 AM
 #12

I'm just keeping mine on a piece of paper hidden. If you're careful enough about it it's safe.

You should use small steel plates for greater durability because paper is easily damaged even with just a slight impact. Unexpected things can always happen and there are many things we will never predict, so we need to be careful from the beginning, don't be too subjective and think that nothing will ever happen to us. 

The method of storing phrases using paper or notebooks is what I believe many people are doing because it is easy to preserve and move. And if in case you don't like to use steel instead, you should have at least 2 to 3 copies to avoid risks. I use both a notebook and a steel to secure my seed phrase.

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November 30, 2023, 09:30:08 AM
 #13

As for me, I didn't make it the hard way and what I did is that I simply wrote it in the notebook (2 copies) and kept it away from the eyes of the people (friends and family members) in a place where it never looks suspicious or any clue that was important. I made it not complicated because I believe it was enough to guard by seeds phrase, As long as it was kept offline, that was hard for other people to trace it unless if there was someone from our friend, relatives, or any of the family members know and steal it.

And aside from that never put all our crypto in a single wallet but rather help it spread to avoid losing it all in case hacking incidents come.

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November 30, 2023, 09:34:25 AM
 #14

so writing on papers or engraving on stone and many others doesn't really matter so long the seed is as safe as possible.
When it comes to keeping your funds safe, everything matters mate. You stated in your post that keeping your seed offline is the best practice. Yes it is, but you should as well know that even the offline method won't be efficient enough, if you don't apply the best offline methods.

 For long, there have been different methods of storing your seed offline, but not all are efficient or reliable. As time goes on, some of these methods can be affected by some natural external phenomenals. For example, paper which has been the oldest method, still can put your seed at risk of been lost. When thinking of using the paper method, you have to first research on types of paper with long lasting quality. Not just ordinary papers will be enough to keep your seed. But the best papers might just be your target. Also when you are storing your paper which has your seeds written on it, you have to be smart and keep them away from water or fire and store the paper in places with moderate temperatures.

Again, the metal encraving method, which is more efficient than the paper method, can also be affected by some external forces like rust or corrosion. If you choose to use this method, you might want to go for a good quality metal like the stainless steel or titanium. They have more quality compared to other metals.
In all, not just using the offline method will keep your funds safe, but also remember to use the best off line method.

Now back to op. Just as @Alphakilo has said, storing your seed using washers is a good practice that will be recommended. Just click the link which he gave and read all about it on the post by @ fillippone.

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November 30, 2023, 09:47:20 AM
 #15

Stored my wallet seed phrase in two places offline and online. I save my seed phrase offline in notebook and online in google drive. But I have carefully kept my notebook in a safe place where no one can find it. Although many people may argue about my keeping this seed phrase, I think I have kept it very safe. A seed phrase can be stored in many ways, but it is best to keep it as safe as possible.

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November 30, 2023, 10:18:03 AM
 #16

There are. Many ways we can use to store our seed phrase, we have to realize that there's nothing we can do to guarantee our bitcoin safety than when we save the seeds in privately secured ways, there are some recommendations also made by some forum members on how to get this done and you can always go through them under the sub headings.

storing seed phrase with washers
https://bitcointalk.org/index.php?topic=5389446.0

seeds backup tools
https://bitcointalk.org/index.php?topic=5263482.0

additional security to your seed phrase
https://bitcointalk.org/index.php?topic=5230920.0

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November 30, 2023, 10:25:32 AM
 #17

You can write it on a steel plate or on paper, but it most important thing is that you should have up to three back ups that you should keep in three different location very far from each other, where only you can have access to.

save my seed phrase offline in notebook and online in google drive.
It is not save to store your seed phrase online because it has been exposed to the public and anyone can have access to your seed phrase. You might wake up one morning and your wallet has been compromised by scammers. Go and delete it and store it only offline.


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November 30, 2023, 10:28:14 AM
 #18

Stored my wallet seed phrase in two places offline and online. I save my seed phrase offline in notebook and online in google drive.

You might want to reconsider generating a new seed phrase and moving your funds to a new wallet because cloud storage is not safe. Hackers are aware that some persons keep sensitive information on the cloud and that's why cloud services are being targeted. Below are some of them that have suffered hack. Move your funds ASAP.

https://www.google.com/amp/s/amp.theguardian.com/technology/2016/aug/31/dropbox-hack-passwords-68m-data-breach

https://www.healthcareitnews.com/news/accenture-latest-breach-client-data-due-misconfigured-aws-server

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November 30, 2023, 11:09:27 AM
 #19

Whatever the options offered for saving phrases, the best is offline, not connected to the internet.
Storing seed phrases in steel, good. On laminated paper, great. Sharing two is also good. Everything is good as long as you are able to protect it from all possible bad things. What I don't recommend is saving phrases online.

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November 30, 2023, 11:10:34 AM
 #20

Many members have suggested very well and there are many threads which already have been created on storing seed phrase in secure way. I like much better idea which is little bit expensive but it is the best way to store your seed.

@Alphakilo mentioned the @fillippone sir thread. They explained the method to secure the Seed phrase with Washers. This is even the best way.

And if you ask me so I can't afford such things. And I have a separate diary in my locker and I always write the phrase in my diary and I always make 2 copies of seed phrases and keep them in the two places. And I am the only one who know about these places. And I am still safe.😊 Alhamdulillah!

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