If you've come this far, we know you're concerned about where to store your seed phrase.
The seed phrase is the master key to access your digital assets.
As it is the foundation of your wallet's security, protecting it should be a top priority.
In this article, we will look at where to store the crypto seed phrase, mention the most common conventional methods and how Cuvex offers a much more robust and secure solution.
Read on!
Common Storage Methods
Some of the most popular methods among investors and traders are paper notes, bullion, digital storage, or storing in a physical stash.
While these practices are accessible, they all have their own risks when it comes to “safekeeping” your cryptoassets.
We'll talk about each:
Write the phrase on paper
One of the simplest and cheapest alternatives is to write the phrase on a piece of paper, you can use a notebook, a notebook, a sheet of paper or even a sheet of notes.
The issue with this method is its vulnerability to fire, moisture, water, or accidental loss.
If you do not store the paper or sheet in a proper condition, it can physically wear out over time, even if you can store it properly, someone with a good eye can read your access password.
Likewise, a little mess, forgetfulness or carelessness can cause you to never see the paper again.
A 2001 New York Times article reflects that 20% of bitcoins are inaccessible due to lost passwords, and there is a case of an owner who had more than $220 million withheld because he lost the paper where he had written down his password..
Use of metal ingots with phrase engraving
Other people opt for a much more robust and effective material than a simple paper, we are talking about metal ingots that are marketed on different platforms.
The problem with ingots is the risk they have of being easily stolen if they are discovered by people with bad intentions.
In addition, if you do not acquire a stainless steel or titanium ingot, you must store it properly to prevent them from rusting or suffering corrosion due to the passage of time.
If you intend to make copies you will have to take into account the cost of these plates, which is not always very economical.
Unencrypted digital storage
In principle, it may seem “ideal” to want to save the seed phrase textually or with a screenshot taken with your phone, as well as in a document in the cloud.
What's the problem? Well, actually, it has its level of insecurity.
Basically, because you are exposed to situations like hacking, cyber criminals can access your digitally stored data.
Although many cloud services want to sell us the idea that they are foolproof, the risk of having our information stolen is the order of the day.
According to an article in The Register, there was a 48% increase in cyberattacks on cloud-based networks in 2022.
Even if you don't plan to upload compromised information to the Internet, your mobile device can still be lost or damaged.
Storing in a safe or homemade hiding place
A safe or a homemade stash can be great ideas, however, we must be objective with these options.
Someone with bad intentions could find and access the stash.
If for some reason, you forget the combination to the safe, you will lose the seed phrase.
A fire, flood or other catastrophic event could ruin this method.
The Best Choice for Protecting Your Seed Phrase
The Cuvex device redefines how to store seed phrases securely.
This innovative cold encryption device offers an advanced solution to protect your digital assets, eliminating the vulnerabilities of traditional methods.
How Cuvex works
Cuvex uses powerful AES-256 encryption to generate and protect seed phrases completely offline.
Our device encrypts information on dedicated NFC cards with military grade encryption, ensuring that they are never exposed to the internet or insecure devices.
Do you have a seed phrase that was created by a third party?
Do you fully trust it?
One of the many features of the Cuvex device is the ability to create your Wallet with its own entropy through the action of rolling 4 dice and a coin, which guarantees unparalleled randomness in the generation of phrases.
Advantages of the device
Compared to the aforementioned alternatives, Cuvex excels in every aspect:
Superior security: while paper or ingots can leave your seed visible to others, get lost or damaged. With Cuvex's encrypted NFC cards you can make as many copies as you want and distribute them to N locations since all the information is encrypted with AES 256, being impenetrable without the device and the user's password.
Resilience: NFC cards are unobtrusive, portable and allow multiple backups, something traditional methods do not offer.
Ease of use: despite its technical complexity in development and security, the device has an intuitive interface that makes it accessible to any user.
After all you have read, I ask you a question:
How much would you pay to solve the problem of safely storing your seed phrase, on which your entire cryptocurrency investment depends, for life?
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