Zaguru12
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Activity: 1176
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March 29, 2025, 11:02:15 PM |
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In such scenario, then the digital space seems to be another way to have access to your seed phrase, though despite not being the most secured, but it is indeed a better alternative If eventually you happens to encounter a natural disaster like Earthquake or flood and you got your seed phrase damaged. And when I said digital space, I don't mean social medias, since those are easy to be hacked, but what I meant is storing your seed phrase in either a brand new Gmail account or Google Doc that is not connected to your device. And secondly doesn't have keywords such as "Bitcoin Wallet Seed Phrase, Seed Phrase, Electrum Seed Phrase or Trust Wallet Seed Phrase" e.t.c, while thirdly, it should either be arranged in descending, ascending or diagonal order, so as to confess anybody that might stumble across it not to know it is a Bitcoin wallet seed phrase.
In as much as this option might seems to be a way out, I think it is even more riskier than not having an extra back up at all. Google documents without been connected to your device will eventually get to the internet from any device because the documents usually gets updated by themselves. As for not adding tag like a bitcoin seed phrase to the phrases I don’t think it is necessary because once the phrases gets leaked everyone who see few random words will know they are seed phrases and will start trying it out on different wallets. The only thing stopping them will be the order which if they get hint they can brute force. As for having Seed phrases been stored in a different order I think it is risky because this time your trusting your own brain to actually help you get the right arrangement and this is not different from anyone who actually memorizes the phrases. Adding passphrase and not including it into the saved phrases on goggle document might be a good way but it still has its flaws too.
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ThemePen
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March 30, 2025, 01:36:01 AM |
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Using self hosted wallet is safer. But this also means we have to be careful with our seed phrase. If we lose it we will lose our coins. If we want to avoid this we should make multiple copies of our seed phrase and store them in different safe places like bank vault or fireproof box or with someone we trust. We should also use strong password to encrypt our seed phrase and store it securely.Another idea is to break our seed phrase into smaller parts and store each part in different place and this best idea I think so. It is also good idea to regularly check and update our seed phrase and backup locations to make sure they are still safe and accessible. We can use secure apps to store our seed phrase but it can be still risky because it is still online storage. With doing all these things we can minimize risk of losing our seed phrase.
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dzungmobile
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March 30, 2025, 01:41:07 AM |
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I know all these terms. You can also call such wallet self-hosted.
You can also search for it online to know that I am correct.
I did neither know about that term nor the website from which you got the term, honestly. I recommend you to use biggest websites in cryptocurrency industry when you need to find educational resources and terms. Custodial vs non-custodial wallets (Coinmarketcap).The term host or self-host is misleading, you can self-host a wallet but if you use a bad website for generating your paper wallet, for example, you are not the only custodian of the wallet you generated. This does not help your wallet security and fund safety because the website has information of your wallet private keys, mnemonic seed too. [1] A paper wallet is the name given to an obsolete and unsafe method of storing bitcoin which was popular between 2011 and 2016. It works by having a single private key and bitcoin address, usually generated by a website, being printed out onto paper.
This method has a large number of downsides and should not be used
[1] https://en.bitcoin.it/wiki/Paper_wallet
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Nothingtodo
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March 30, 2025, 02:27:03 AM |
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If my life is in danger in a war or natural disaster, there is nothing I can do, but if my wallet device is permanently destroyed by a cyclone, tidal wave, earthquake, or war bomb explosion, then preserving my seeds becomes an important issue. If the security is well maintained, there is no tension. Seeds/Phases can be recovered once the horrors of war stop, or natural disasters stop. But for those who do not maintain the security of their wallets, their crypto assets will be lost forever.
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Negotiation
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Activity: 1484
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Reality is that 1 BTC = Billionaire.
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March 30, 2025, 03:12:38 AM |
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The most important thing to keep your bitcoin safe and recover in the event of a natural disaster or catastrophe is to have a proper backup system. Never store your seed phrase or recovery phrase in a single location you should also create a digital asset management plan to ensure the safety of your bitcoin. This can be a guideline for your family members or trusted partners. If something goes wrong they will know how to recover your digital assets if you have multiple bitcoin wallets give your family specific instructions so they know how to recover them.
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AmaGold70
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March 30, 2025, 05:03:42 AM |
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It is not good to hold your coins on exchanges but hold them on a self-hosted wallet. This brings the responsibility of how not to lose your seed phrase because if you lose your seed phrase you will lose your coins.
If there is a natural disaster that flood your town or an earthquake that destroyed the building your seed phrases are, what are the other recovery means that you have in place for you not to lose your bitcoin?
We should backup the seed phrase in a way that no matter what happened, we should still be to have access to the seeds phrase. What are you approaches to make sure that no matter what happened, you will have access to your seed phrase if you are still alive and your brain is functioning properly.
Holding your coins in a self hosted wallet is definitely the best way to go but it comes with a huge of responsibility of giving the seed phase safe from dangers of unforseen natural disasters, however, you should know that seed phase are not to be stored in one location alone, store your seed phase in multiple locations like a fireproof safe or a water proof safe at home, and sometimes it's good to have properties in other cities and store your seed phase there or you could learn to memorize it just in case all physical copies are lost, there are also devices specifically designed to store seed phase like cryptosteel and it can't be destroyed by any natural disasters.
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notocactus
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Activity: 2758
Merit: 4607
Glory to Ukraine!
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March 30, 2025, 05:22:30 AM |
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If my life is in danger in a war or natural disaster, there is nothing I can do, but if my wallet device is permanently destroyed by a cyclone, tidal wave, earthquake, or war bomb explosion, then preserving my seeds becomes an important issue.
We all are unsure about future and can not know what will happen in future with us like whether a catastrophe massively or an accident individually with us so prevention with multiple wallet backups, and if possible at different locations, is better than regret or cure later. With Bitcoin, if you don't have backup, and you lose the current wallet, you lose your coins forever. If the security is well maintained, there is no tension. Seeds/Phases can be recovered once the horrors of war stop, or natural disasters stop. But for those who do not maintain the security of their wallets, their crypto assets will be lost forever.
It is helpful only if your backup, for example, the only backup you have, was not damaged by an accident or catastrophe. Otherwise, you will surely need to have usable backup one way or another, at your current living location or somewhere else.
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bitbollo
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Activity: 3738
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https://bit.ly/4iBXnQd
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March 30, 2025, 05:50:53 AM |
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most of the time you need to verify what is your need here. saving all in the same place could also be an error. I have read also of people that are storing in bank vault (password protected). there are many strategies that allow to create and safely store wallets and private keys. of course in this topic you are more wondering about medium to be used. well, metals are the best solution since can be able to resist to most of environments. I have seen many companies selling steel plates where you can store your data.
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Ruttoshi
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March 30, 2025, 10:18:50 AM |
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Having three backups is enough to save your seed phrase from any natural disaster that may occur in the future. It's good that these three backups are kept very far away from themselves with trusted people.
I only have on duplicate of my seed phrase in my custody, while one is hidden in my grandma's house in a different state from where I stay. You should always be prepared for the unexpected, especially when it is about your bitcoin.
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KiaKia
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Having three backups is enough to save your seed phrase from any natural disaster that may occur in the future. It's good that these three backups are kept very far away from themselves with trusted people.
I only have on duplicate of my seed phrase in my custody, while one is hidden in my grandma's house in a different state from where I stay. You should always be prepared for the unexpected, especially when it is about your bitcoin.
If you like have hundreds of backup, if a real war hits in a country you won't be able to leave, and if you are trapped in the country there is no guarantee that you will survive, unless you have a underground bunker. Anyone in Ukraine now gives a heck about Bitcoin or their BTC backups? I see so many comments talking about using multiple backups, how will you survive to even sell and enjoy your BTC? Once a real war hit before you leave the country everything internet stop to function. I wound rather pray that no war hits my country ever, because I don't even have a private jet to fly out faster, Airports will be out of business once the war begins.
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Cossyblack
Sr. Member
  
Offline
Activity: 462
Merit: 372
Time Traveler
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March 30, 2025, 12:26:25 PM |
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It is not good to hold your coins on exchanges but hold them on a self-hosted wallet. This brings the responsibility of how not to lose your seed phrase because if you lose your seed phrase you will lose your coins.
If there is a natural disaster that flood your town or an earthquake that destroyed the building your seed phrases are, what are the other recovery means that you have in place for you not to lose your bitcoin?
We should backup the seed phrase in a way that no matter what happened, we should still be to have access to the seeds phrase. What are you approaches to make sure that no matter what happened, you will have access to your seed phrase if you are still alive and your brain is functioning properly.
It is good to save our coins in a non custodian wallet because it's unhackable and it's gives you full access and control of your funds while another important aspect to be considered is to secure your sees phrase in a safe place. In my own opinion,it's is good to store our seed phrase in a different locations for safety reasons, apart from our homes,we can still stored and keep our seeds phrases in the banks. The banks is an institution that will save our funds but not just our funds alone,we can also saved our important documents in the banks as well. Incase of Earthquake, should in case it happens,I think we can choose 5 different banks in a far distance locations that's still within our reach to saved our seed phrases as documents.i think our seeds phrases can be more safer from accidental losses if we stored it as documents in five different banks as banks are a safe house for keeping money and documents. This backup plan has been working well for me for so many years and I believe if you choose to Use it,it wouldn't be a bad idea but a brilliant one.
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Despairo
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March 30, 2025, 01:30:18 PM |
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There are some that no information will be given and earthquake will occur and this can differ from country to country. The only thing is that earthquake does not just come at once, it will first come for some seconds which should be a warning that people should leave their house or the building that they are to a level ground which are the safest places at the time. The earthquake will then come in full force after some minutes which can destroy buildings that are not very strong.
Agree that's what mostly happened. That's why when the first earthquake come, you need to have a good reflect to run and grab your seed phrase, then get our from your house. You need to leave your seed phrase in a place that not really hard and not require a lot time to get it. It's similar to cell phone and wallet, whenever something happen, they will try to grab their cell phone and wallet first.
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YOSHIE
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March 30, 2025, 01:45:10 PM |
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If there is a natural disaster or war, will you not lose your bitcoin
Natural disasters and war have been felt several times by Bitcoin users, for example: flood disasters in India and Pakistan a few months ago and the war that occurred in Ukraine and Russia as well as in the Middle East, That's just a few countries that experience natural disasters or war, not to mention other countries, but for now they still have bitcoin and are still active in the crypto market. For me, the phenomenon of disaster or war is worried about losing Bitcoin, if loss of internet access is what needs to be worried, maybe if it happens, most likely access to Bitcoin cannot and Bitcoin will disappear. Disaster and war while you still keep the key for Bitcoin access I think you are safe.
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Mpamaegbu
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March 30, 2025, 05:38:24 PM |
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If there is a natural disaster that flood your town or an earthquake that destroyed the building your seed phrases are...
This scenario is the scariest part for every Bitcoin or crypto hodler who stores their seed phrases on paper or anywhere in a house or a physical place. We don't wish any natural disaster because it will devastate us. Look at that fire outbreak in Los Angeles that struck on January 7, 2025 and spread into days, killing many and destroying unimaginable number of properties. What if some people saved their seed phrases at home there and left for work, only for the fire incident to happen? Each time I remember that incident I shudder at the idea of copying seed phrases on paper. But what can one do? ...what are the other recovery means that you have in place for you not to lose your bitcoin?
A Plan B for me would be to save my seed phrases on email but then the fear of email hacks makes me rethink my plan.
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tabas
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March 30, 2025, 07:24:28 PM |
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I've got a backup that I can carry all the time, and so I will protect it if ever these things come. We're not wishing them happiness, but it's a situational question that really can come at any time, when we're never calling them to come. That's why those who are seeing this don't need to come back up their seed phrases, and this is to make sure that you've got something that you can get too easily if natural disasters occur in your area. You have to be prepared and ready with these kinds of scenarios, and so your funds aren't the only thing that's safe, but also yourself.
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Pi-network314159
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March 30, 2025, 07:54:12 PM Last edit: March 31, 2025, 04:37:14 AM by Pi-network314159 |
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backing up wallet seed phrase that contains our bitcoin hodling should be done in a way that even though natural disaster like flood, earthquake, fire outbreak or any other natural disaster happens it will not affect us. but at least we must have other ways to safeguard our seed by backing it up on our crypto capsule or a metallic plate to avoid been tampered by any of this natural disaster. or alternatively we need online backup too where we can save this seed incase the physical backup fail us.
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btcltcdigger
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March 30, 2025, 08:10:34 PM |
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It is not good to hold your coins on exchanges but hold them on a self-hosted wallet. This brings the responsibility of how not to lose your seed phrase because if you lose your seed phrase you will lose your coins.
If there is a natural disaster that flood your town or an earthquake that destroyed the building your seed phrases are, what are the other recovery means that you have in place for you not to lose your bitcoin?
We should backup the seed phrase in a way that no matter what happened, we should still be to have access to the seeds phrase. What are you approaches to make sure that no matter what happened, you will have access to your seed phrase if you are still alive and your brain is functioning properly.
I keep most of my crypto on a ledger, that way if i get nuked, it goes away with me hahaha. I have a small amount on Binance however, and with them, it's a neverending game of stress if those funds will be accessible tomorrow or not. But that's the risk
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CryptSafe
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March 30, 2025, 11:06:38 PM |
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OP, you have raised a good topic for discussion here, and I must say that no one can save their pass phrase better than they do, so in that case, one must be careful with how they save their keys. Come to think of it, before any natural disaster occurs in a country, the agencies responsible for that must have called the attention or made a public announcement for her citizens to be on a high alert so as not to be taken unaware. Knowing this, one must be able to save their information were they know they can easily access it and would not be destroyed by any means.
Of late, there has been a new means of storing key phrases; it is called a metal crypto steel wallet, in which the keys can be crested on a steel plate and stored. This can hardly be destroyed by any means, but it should be kept safe and away from possible threats to it. This method can ensure the long-term safekeeping of key phrases irrespective of whatever happens during that time.
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GeorgeJohn
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March 30, 2025, 11:14:42 PM |
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This information has been passing in this forum for long time but some people do not listen to this information, it is not good for you to hold any of your coin at exchange because it change can be hacked at any time, and you may possibly lost whatever call you hold on exchange that is why it is advisable as a cryptocurrency investor to make use of a wallet that you have seed phrase, so that you can import the wallet in any place you are,
But when looking at some people they do lose their coin in exchange when exchange is being attacked, we need to understand that haven't electrum wallet and Trust wallet have you to save your bitcoin from or any order of your coins from Exchange apart because nobody can still your coin from this wallet and mentioned except the person have your seed phrase document.
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ajiz138
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March 31, 2025, 12:48:33 PM |
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Is it possible for someone to memorize a 12-word seed phrase? Because that's the only thing that can save your coins, right?
We never know how devastating an earthquake can be? We will never know how big a flash flood will be? It can wash away all the things around you.
So maybe for me what makes sense is to memorize the seed phrase because it will be easily accessed again to your coin because you already remember the seed phrase in your brain.
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