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Author Topic: Be cautious with your seed phrase.  (Read 153 times)
I_Anime (OP)
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March 30, 2024, 10:00:14 AM
Merited by Hatchy (1)
 #1

I'm aware that alot of people have said something related to this before, but still just felt like dropping this . As I woke up this morning some thought just hit me . The thought was what if one endup losing his seed phrase ( Omo I quickly go check where I put mine) , like that stuff normally give me the chill feelings  because that would be a terrible experience. It may just be 12 words but that 12 words contains alot , security seed phrase is one of the most important thing in this space . If by any chances one endup losing those seed phrase, that same individual as technically lose all his asset without ever thinking of getting it back unless he or she manage to recover that seed phrase from those state of being missing to state of being found.

 This is something folks that are into cryptocurrencies space should always put in their mind keeping their seed phrase safe , just imagine after suffering in accumulating some nice Bitcoin for holding, at the end one endup losing it all just because of careless handling of their seed phrases. Alot of people has loss millions of dollars because of such act , without getting it back. Or sometimes hackers may endup having access to one seed phrase due to the habit of keeping in devices connected to the internet.  So try to avoid such act and always keep your seed phrase in a secure place you cannot easily forget ( because you doing the best keeper, you might go keep am for place you go easily forget). And try and develop the habit of  always checking on your seed phrase. Don't forget “Keep it secret, keep it safe.”

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March 30, 2024, 10:39:27 AM
 #2

Security is one big issue that has been reoccurring in the space as a result of hackers updating their strategies of hacking, stealing of seed phrase and perhaps there have been a lot of examples of people complaining how their wallets got drained and that is a very good reason why we all should keep our security related ways secret.

An open source wallet is a very good one for storing our assets whether bitcoin or altcoins in order to protect ourselves more and perhaps if we can afford to get a hardware wallet it will be very nice here, or even a cold storage wallet is more important than the rest of security advice because it's a way of staying offline while transacting.

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March 30, 2024, 11:30:33 AM
 #3

I'm aware that alot of people have said something related to this before, but still just felt like dropping this . As I woke up this morning some thought just hit me . The thought was what if one endup losing his seed phrase ( Omo I quickly go check where I put mine) , like that stuff normally give me the chill feelings  because that would be a terrible experience. It may just be 12 words but that 12 words contains alot , security seed phrase is one of the most important thing in this space . If by any chances one endup losing those seed phrase, that same individual as technically lose all his asset without ever thinking of getting it back unless he or she manage to recover that seed phrase from those state of being missing to state of being found.

 This is something folks that are into cryptocurrencies space should always put in their mind keeping their seed phrase safe , just imagine after suffering in accumulating some nice Bitcoin for holding, at the end one endup losing it all just because of careless handling of their seed phrases. Alot of people has loss millions of dollars because of such act , without getting it back. Or sometimes hackers may endup having access to one seed phrase due to the habit of keeping in devices connected to the internet.  So try to avoid such act and always keep your seed phrase in a secure place you cannot easily forget ( because you doing the best keeper, you might go keep am for place you go easily forget). And try and develop the habit of  always checking on your seed phrase. Don't forget “Keep it secret, keep it safe.”

It's true bro, I understand what you are saying because it wouldn't be funny at all that after all this suffering in accumulating Bitcoin and all of it just went down the drain due to carelessness from your own end, it will definitely be heart breaking of a truth,  that's why we should not play with it, like me, where I kept mine, I am very confidence that year in year out it will be safe there and it's offline, so it's very important that as an investor that we are, we need to think security in what ever we are doing, so that we wouldn't lose the small asset we have accumulated over the years.

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March 30, 2024, 12:07:53 PM
 #4

This issue of seed phrase protection have been discussed on the general board often times, so any body wey get ear make him hear as e get one slogan wey Dem say not your key, not your coin so if you misplaced your seed phrases, no body wey you fit tell to help you recover am and all the coin wey dey your wallet don go be dat unless say you do offline backup for some non custodial wallets wey dey allow seed backups.

Another thing be say for people wey dey new into the system wey e be say de time wey you dey find person wey go put you through on how all this things dey work, the person wey been dey put you through know your seed phrases and the quantity of coin wey dey there so e good make you open another wallet take put your coin so that na only you go know the seed phrase and for safety and security of your coin wey dey your wallet.

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March 30, 2024, 12:20:38 PM
 #5

I'm aware that alot of people have said something related to this before, but still just felt like dropping this . As I woke up this morning some thought just hit me . The thought was what if one endup losing his seed phrase ( Omo I quickly go check where I put mine) , like that stuff normally give me the chill feelings  because that would be a terrible experience. It may just be 12 words but that 12 words contains alot , security seed phrase is one of the most important thing in this space . If by any chances one endup losing those seed phrase, that same individual as technically lose all his asset without ever thinking of getting it back unless he or she manage to recover that seed phrase from those state of being missing to state of being found.


Seriously this is a huge concern for long term holders, some of them just store the seed phrase somewhere since they do want to use the funds they don’t bother to check if it is ok there or not. Three reasons why you need to check your seed phrase periodically are;

1. Checking the place periodically makes you not to forget where it is placed.

2. Checking periodically will show that it safe there and no one has come to tempered with it.

3. Checking the location helps you to re back it up should the old one is wearing out (that’s if you’re not using steel or other permanent metals.


An open source wallet is a very good one for storing our assets whether bitcoin or altcoins in order to protect ourselves more and perhaps if we can afford to get a hardware wallet it will be very nice here, or even a cold storage wallet is more important than the rest of security advice because it's a way of staying offline while transacting.

Base on what OP has to say I don’t see the reason of open source here, we are discussing how you secure your seed phrase. This isn’t a different wallet thing but rather the culture at which you store those seed phrases. An open source software is only advised simply because should their be any changes to the source code it will be revealed by tech savvy people and also should the developers fail to continue with the software can build it back again.  Nothing much to do on how you store your seed phrase

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March 30, 2024, 04:05:27 PM
 #6

 Is very good to check your wallet seeds phrase some times so that if some thing happen to it, it will be very easy for you to withdraw the coins from the wallet fast before anything will happen to your laptop or phone because once some thing happen to your phone or laptop you use to stored the wallet and you can't find the seeds phrase at the moment show that you have loss those coins forever because there is no way you can recover the wallet and the coins.

I know, there are still some people who are still saving their seeds phrase inside their laptop or phone which is not advisable to crypto users and, if you want to enjoy your wallet for long just try to write the seeds phrase of your wallet down in a place nobody can have access.

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March 30, 2024, 04:15:11 PM
 #7

As a Bitcoin user, it's important to remember that you control your keys, and any mistake could lead to losing your funds. Many people unknowingly risk their funds by not securing their keys properly. That's why this forum teaches the correct ways to store your seed to prevent losses. Big investors have lost funds to hackers or by misplacing their seeds due to lack of knowledge. Storing your seed offline isn't enough it's essential to store it in multiple secure locations. Having copies of your seed in different places can protect you from unexpected events. As investors, safeguarding our funds should be a top priority.

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Charles-Tim
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March 30, 2024, 08:22:48 PM
 #8

What I am afraid of most is not just only the seed phrase missing, but also if someone got hold of it, compromised my wallet and spend my coins. Because of that, I prefer to use passphrase.

As for seed phrase backup, it is better you have more than one backups in different locations. I prefer to recommend 3 backups in different locations.

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I_Anime (OP)
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March 31, 2024, 06:51:03 AM
 #9

What I am afraid of most is not just only the seed phrase missing, but also if someone got hold of it, compromised my wallet and spend my coins. Because of that, I prefer to use passphrase.

As for seed phrase backup, it is better you have more than one backups in different locations. I prefer to recommend 3 backups in different locations.
Exactly, because it anyone get hold of it Omo, that would be soo bad. Because you misplacing there's still chances of finding it back with proper searching ( expecially when you didn't store it an internet connected devices). Because most people are too lazy sometimes they would just copy it and paste it any in their device, mostly in their smartphones, without thinking of the risk . Like for instance what if that phone went faulty and couldn't be fixed ( that means you have also loss Access to your assets ). Well writing in down in paper still risky, due to any physical attack like water or it getting burnt. That we should keep it safe, like Charles-Tim said having backups like three in different locations. And am going to give that a try because I had only two backups and don't feel safe enough so three would be nice .

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March 31, 2024, 07:16:26 AM
 #10

Your seed phrase security should be your priority as a bitcoiner or crypto enthusiast, security should be taken serious, in crypto world being careful should be taken serious because we are talking about security of asset, hacker are everywhere looking for means to do away with peoples money, though most times this things happens but that's if we allow it to, our major concern should be the paths to follow in other to secure our seed phrase that we won't encounter any form of loss as the case may be, for me the best way to store seed phrase is to write it 3 different places that you can remember, saving it in your PC or any device could be tainted if care is not taken so should have a good means of doing this.

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March 31, 2024, 07:41:05 AM
 #11

As one think of investing in crypto first is security and securing good wallet and keeping all relevant and private data, information from reaching out to scammers or any who will witch hunt his investment. Private key or key phrase don't need carelessness or misplaced in way that it required prediction before getting it correct why on used.

My fear is just during copying let it not be that one don't copy it correct or loss it if one don't save it in a strategic way.
Some face challenges of keeping there data in safe area, but we're one store key phrase don't need to be carried around or give room for external body to have access, one must be cautious enough to keep checking if everything this inorder everytime to avoid losses.

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March 31, 2024, 03:11:19 PM
Merited by Dzwaafu11 (3), hugeblack (2), knowngunman (2), Adams0001 (2)
 #12

I'm aware that alot of people have said something related to this before, but still just felt like dropping this . As I woke up this morning some thought just hit me . The thought was what if one endup losing his seed phrase ( Omo I quickly go check where I put mine) , like that stuff normally give me the chill feelings  because that would be a terrible experience. It may just be 12 words but that 12 words contains alot , security seed phrase is one of the most important thing in this space . If by any chances one endup losing those seed phrase, that same individual as technically lose all his asset without ever thinking of getting it back unless he or she manage to recover that seed phrase from those state of being missing to state of being found.
People wey just dey join crypto space no sabi how important private key be, if you don lose access to your private key, then if anything happen to your mobile device, you no go fit import your wallet into your new mobile device, if you don lose your private key, you no fit every recover the coin wey dey the wallet again. Private key dey different from password wey you go fit click on forget password and you will be able to set new password, nothing like say you wan recover your private key, so na something wey you suppose safe well, if you value Wetin dey your wallet, you have to carefully protect your private key, because if anything do am, Wetin dey your wallet don go be that.

This is something folks that are into cryptocurrencies space should always put in their mind keeping their seed phrase safe , just imagine after suffering in accumulating some nice Bitcoin for holding, at the end one endup losing it all just because of careless handling of their seed phrases.
If you can’t learn about wallet security, then it’s just better you don’t invest, because it’s like wasting of money, after struggling and investing, then you will end up losing all your investment after few years or months. When investing, their are some basic things which you are suppose to know before investing, if you don’t know those things, you might end up losing all your investment, just because of the little thing you refused to learn.

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April 01, 2024, 08:08:36 PM
 #13

As far as I know di most important aspect of cryptocurrency na to protect your coins, because na im be di end wey de justify di means, after you don accumulate finish, if you no secure your seed phrase dat na di biggest mistake wey you fit to make. Di best place to secure our cryptos na for none custodial wallet wey only you hold your private keys, anything wey happen to am, weda na lose or theft, e don go be dat, no centralized authority wey you go fit to report to or wey go fit to help you recover your crypto. Make we no store our seed phrase online because of hacks, and keep am safe for more dan one place, so if you misplace am for one place you go get anoda please to see am

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April 02, 2024, 09:09:11 AM
 #14

My humble contributive advise to this is that when you feel some malicious interactions from your seed phases and your instincts whispers you to go and check it out if it's intact and you goes by and see it on different dimension, maybe it's not cordially positioned or placed just the way you kept it, dear investors, quickly check out to your assets there in the wallet and I'd honestly advise that you should make change of wallet since one wallet has its security seed phrases which is unchangeable.

I came up with this because it can be possible that someone who knows about bitcoin crpto wallet who could be an insider or relative to you can just take a shot of photograph or copy down the keys somewhere else and then replaces your original copy back to you.
It'd be either fortune or unfortunate for you or he places it back at where you can have it figured out that someone tempered with it or your inability to have such sensitivity would erupt you to feel relaxed and stay comfortably that as much as it's just there you kept it, then it's all secured. Meanwhile it has been duplicated in a different copy.
The sensitivity applications of our seed phrases should be extra sensorial.

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DubemIfedigbo001
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April 02, 2024, 11:33:13 AM
 #15

Keeping our seed phrases is very important no doubt because it validated our claim to our coins on the block chain anytime, any day. One thing is to keep it safe, another thing is positive validation that its still safe were it was kept. I normalize checking on my offline seed phrase at least once in two months, meaning I visit the location at least six times a year. These constant checks will help you ensure that the seed phrases were not tampered in any way by humans or animals alike.

Before keeping your see phrases safe, you must ensure the wallet you created  isn't compromised from the beginning. Never create a new wallet from a device that you've used to surf the Internet continually for some time, the possibility that the device contains Trojans and spyware is high and creating or importing a wallet into such device has the possibility of compromising the security of such wallet. Instead create a wallet from a freshly formatted device, copy out your seed phrases once and for all and keep it safe offline.

Its highly discouraged to store your seed phrases online, it can be compromised and your wallets vulnerable, offline storage of seed phrases are the best. Use decentralized wallets like Spectrum, Sparrow, Blue wallet e.t.c. for a better experience.

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April 02, 2024, 09:18:43 PM
 #16

As a Bitcoin user, it's important to remember that you control your keys, and any mistake could lead to losing your funds. Many people unknowingly risk their funds by not securing their keys properly. That's why this forum teaches the correct ways to store your seed to prevent losses. Big investors have lost funds to hackers or by misplacing their seeds due to lack of knowledge. Storing your seed offline isn't enough it's essential to store it in multiple secure locations. Having copies of your seed in different places can protect you from unexpected events. As investors, safeguarding our funds should be a top priority.
Not your keys not your coin therefore if you carelessly retain your keys then you will lose assess to your assets. If you don't want to become victim of any type then. Because some things are to true to trust anyone that requests for your seed phrase don't have that right. So many people still don't know how important there seed phrase is untill maybe they lose it. Those that have good money in there wallet will take the security serious. But people still need orientation about how to keep there assets safe. And we no offline is not enough but online is worst because you can get hacked anytime anywhere. Even if offline have its on disadvantages it is still better than online. And having it in different places is still risky. So the thing is just that do what you know is best for you when keeping your seed phrase safe.

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Mate2237
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April 02, 2024, 09:47:29 PM
 #17

I don lost my seep phrase before for almost a month I no see am though no be only one place I keep am or save am. I save am foe like tree different places. And di best way to secure your seed phrase na to print am and laminate am foe like three place and keep in different place so that even if you forget one di other ones go still remain.

Some people dey save password more than di seeds phrase. Those people never understand di seeds phrase. It is the seed phrase dat you can use it to retrieve your wallet. Stay safe with you cryptocurrency login and seeds phrase details.









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