How do you backup your 12-word wallet key? \ stacker news ~bitcoin

How do you backup your 12-word wallet key?

368 sats \ 12 comments \ @satup 5 Oct 2022 bitcoin

or 24 version

paper note in safe37.0%

in my brain11.1%

share half with 2 trusted ppl0.0%

encrypted in various storages11.1%

smarter way(pls share)40.7%

27 votes \ poll ended

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162 sats \ 2 replies \ @scampy 5 Oct 2022

I considered many options, but decided to keep it simple with a seed + passphrase combo.

Seed backup #1 in geographical location #1 Seed backup #2 in geographical location #2 Passphrase backup #1 in geographical location #3 Passphrase backup #2 is memorised

All physical backups are etched in stainless steel (the stamping / etching methods are cheap and also more durable than alternatives as demonstrated by Lopp).

Each physical backup has a tamper proof seal. There's also a label on the inside which says stuff like "do not share contents of device with strangers", "do not photograph contents", " do not enter contents into a keyboard", etc. Also there's things like the derivation path.

I wanted my setup to be secure, but also easily recoverable by beneficiaries in the event of my death.

0 sats \ 0 replies \ @Majjin 5 Oct 2022

This is very similar to my current setup. I have yet to make a seed backup for multiple locations, but I have a seed in a safe and a passphrase I've memorized. I need to create a backup elsewhere and a written down/etched backup of my passphrase too.

0 sats \ 0 replies \ @HODL 5 Oct 2022

I have a similar backup just more passphrases (eggs & a single basket comes to mind).

Memorised the seed words & passphrases as an addition to the setup, the same goes for my OH. We both have a full access to our Bitcoin bank (I mean we own our bank) accounts 24/7, everywhere on the planet. No other bank is capable to offer these services, for near free.

37 sats \ 1 reply \ @newnym 5 Oct 2022

Engrave the words on 1 inch stainless steel washers with a bolt thru them. Hide them somewhere. See here => https://www.econoalchemist.com/post/backup

0 sats \ 0 replies \ @Jorj_X_McKie 5 Oct 2022

I’ve seen this simple setup. Get a set of punches with alphabet & digits. Waterproof it.

34 sats \ 1 reply \ @OneHungLow 5 Oct 2022

Take a serious look at this. Executed properly, it is a secure offline storage option.

https://www.borderwallets.com/

9 sats \ 0 replies \ @HardRich 5 Oct 2022

This is a project I’ve been really excited about. If they can get the grid inside a touch screen so you can scan a QR code then touch-type your pattern then it’ll be epic. I tweeted one of the creators and he said they are in talks with Spector wallet. Though, I think Spector is being bought out by Swan so things might be put on hold for a bit (that’s just a guess). Anyway, I’m excited to see this concept expand and other novel ideas like this.

10 sats \ 0 replies \ @siggy47 5 Oct 2022

Like I'm going to tell you

12 sats \ 0 replies \ @sommerfeld 5 Oct 2022

Everyone should read this https://blog.lopp.net/how-to-back-up-a-seed-phrase/ by Jameson Lopp

TLDR:

seed splitting == bad (bruteforceable)
brain wallet == bad (bad entropy)
memorization as only backup == bad (for obvious reasons)

*25th word (or seed encryption) == bad (it essentially creates the equivalent of a 2of2 multi sig increasing the risk of loss of funds)

other methods of seed obfuscation == bad (no increase in security and increase chance of loss of funds)
just store the 12/24 words in the most unobfuscated way possible, in a durable offline medium and just worry about keeping that safe. Do as many copy backups as you can reasonably keep safe and need.

For me nothing beats safu.ninja for a single sig.

12 sats \ 0 replies \ @DarthCoin 5 Oct 2022

Steganography
Hidden in text, in plain sight One of my guides contain 12 words from a seed. Good luck finding it
Using TailsOS - here is a guide
Memorize it in my brain. It's quite easy with some training.