Why Backing Up Your Seed Phrase is Important

[sokani]

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What the heck! There have been numerous discussions on the forum about many persons that have lost their funds because they didn't have a backup of their wallet, and it didn't occur to you to know the importance of having one? This is quite unbelievable considering the fact that you are an old member. Well, I'm happy you were able to recover the wallet and you didn't learn the hard way.

[Patikno]

[...] Even though this wasn't my main wallet, I still had money in it, and unfortunately, I forgot to back up the seed phrase.

There are two important lessons to be learned from your story, especially for beginners who are prone to making such mistakes. First, you forgot to back up your seedphrase, which is one of the most important things to know in crypto, and one that is crucial to always remember. Second, you took your wallet security for granted, I think you took it too lightly, simply because it wasn't your primary wallet, right ? I suspect that is why you forgot to back it up. Therefore, I think we should learn valuable lessons from this story, which serves as a reminder for all of us, as we might be reminded of stories like this, when we a little forgotten to maintain security measures.

[Callido]

This should be a lesson for all of us to not take wallet security too lightly. Apps can crash for one or two reasons. But the most important thing is to back up your seed phrase. So, if the app crashes, we don't need to panic because we still have a backup that can be imported into another wallet app.

The information comes all the time and its clear on what to do, backing up seed phrase is very necessary, relying on online protection to secure your wallet is taking risk on your assets. It is not difficult to do, backup the seed phrase by writing it down somewhere, it doesn't require long time or hard labor, 12 or 24 words on a piece of paper and must be kept safe.

[aylabadia05]

This should be a lesson for all of us to not take wallet security too lightly. Apps can crash for one or two reasons. But the most important thing is to back up your seed phrase. So, if the app crashes, we don't need to panic because we still have a backup that can be imported into another wallet app.

As long as the seed phrase is secured in a safe place, access to assets can still be secured again, and it is true that backing up the seed phrase is important for the safety of assets.
BlueWallet is not a bad Bitcoin wallet. If someone experiences problems with this wallet that are not the fault of the wallet itself, it can still be resolved even if panic ensues at the time.

BlueWallet will have something more interesting related to the transaction screen, although it is still in the testing phase.

[taufik123]

As long as the seed phrase is secured in a safe place, access to assets can still be secured again, and it is true that backing up the seed phrase is important for the safety of assets.
BlueWallet is not a bad Bitcoin wallet. If someone experiences problems with this wallet that are not the fault of the wallet itself, it can still be resolved even if panic ensues at the time.

BlueWallet will have something more interesting related to the transaction screen, although it is still in the testing phase.

Bluewallet is not a bad wallet and is one of the wallets that I have used, but I prefer to use electrum because it is more familiar for me to use and is Open Source.
It's not my wallet's problem but indeed because the wrong storage of Seed Phrase will expose the Wallet, so no one should know about the seed wallet we have.
Even if using a Hardware wallet if the Seed Phrase is leaked, then No one will be able to survive everything will be lost.

[aylabadia05]

As long as the seed phrase is secured in a safe place, access to assets can still be secured again, and it is true that backing up the seed phrase is important for the safety of assets.
BlueWallet is not a bad Bitcoin wallet. If someone experiences problems with this wallet that are not the fault of the wallet itself, it can still be resolved even if panic ensues at the time.

BlueWallet will have something more interesting related to the transaction screen, although it is still in the testing phase.

Bluewallet is not a bad wallet and is one of the wallets that I have used, but I prefer to use electrum because it is more familiar for me to use and is Open Source.
It's not my wallet's problem but indeed because the wrong storage of Seed Phrase will expose the Wallet, so no one should know about the seed wallet we have.
Even if using a Hardware wallet if the Seed Phrase is leaked, then No one will be able to survive everything will be lost.

To this day, BlueWallet remains my Bitcoin wallet of choice, even though I previously used Electrum, because BlueWallet has been very familiar to me all this time.
The key point lies in how one backs up their seed phrase. The wallet plays a significant role in the security of assets, provided that the wallet used is not one that has been proven to be unreliable. There is no need to mention its name. Even a hardware wallet, which is recommended, can lose access if its keys are not properly backed up.

[Pablo-wood]

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What the heck! There have been numerous discussions on the forum about many persons that have lost their funds because they didn't have a backup of their wallet, and it didn't occur to you to know the importance of having one? This is quite unbelievable considering the fact that you are an old member. Well, I'm happy you were able to recover the wallet and you didn't learn the hard way.

Old members can still be vulnerable anyways, the interesting part is op was still able to recover the wallet at the end. It would have been embarrassing though for a member with the level of experience acquired do far from the forum losing an account due to seedphrase recovery. This topic of having our seed phrases stored in multiple locations have been discussed too often that even a newbie should know what to do if they follow the threads discussed in the forum seriously. I sm glad the user didn't learn the hard way else it wouldn't have been a good story at all.

[Odogwu-Blockchain]

~

What the heck! There have been numerous discussions on the forum about many persons that have lost their funds because they didn't have a backup of their wallet, and it didn't occur to you to know the importance of having one? This is quite unbelievable considering the fact that you are an old member. Well, I'm happy you were able to recover the wallet and you didn't learn the hard way.

Old members can still be vulnerable anyways, the interesting part is op was still able to recover the wallet at the end. It would have been embarrassing though for a member with the level of experience acquired do far from the forum losing an account due to seedphrase recovery. This topic of having our seed phrases stored in multiple locations have been discussed too often that even a newbie should know what to do if they follow the threads discussed in the forum seriously. I sm glad the user didn't learn the hard way else it wouldn't have been a good story at all.

I have made huge mistake loosing my seedphrase before even when i was an expert in this, i stored my seedphrase in my device notebook, then my device started hanging so i had to get some space by freeing up the catche in my notebook settings. Everything got wiped out including the seedphrase, thats how i lost my money.

That got me a good lesson to learn till today, i always store my seedphrase in a piece of paper and that had helped me a lot.