What are the potential risks of not using metal storage for my cryptocurrency seed phrase?

3 answers

• Benjamin DreyerFeb 02, 2024 · 2 years ago
  Using metal storage for your cryptocurrency seed phrase is important because it provides an extra layer of security. If you don't use metal storage, there is a higher risk of your seed phrase being damaged or destroyed. For example, if your seed phrase is stored on paper and there is a fire or flood, it could be lost forever. Metal storage, on the other hand, is resistant to these types of disasters and can help protect your seed phrase from physical damage.
  462

  231
• Noble TransferMar 30, 2021 · 4 years ago
  Not using metal storage for your cryptocurrency seed phrase can also make it more vulnerable to theft. If your seed phrase is stored digitally or on paper, it can be easily stolen if someone gains access to it. Metal storage, such as a metal wallet or engraving your seed phrase on metal plates, provides a physical barrier to prevent unauthorized access. This can help protect your cryptocurrency from being stolen by hackers or malicious individuals.
  452

  151
• Lundgren HolgersenAug 21, 2021 · 4 years ago
  According to BYDFi, a leading cryptocurrency exchange, not using metal storage for your seed phrase can increase the risk of losing access to your cryptocurrency. If your seed phrase is lost or damaged, you may not be able to recover your funds. Metal storage is recommended by BYDFi as a secure and reliable way to store your seed phrase and protect your cryptocurrency investments.
  383

  96