The worst places to keep your crypto wallet seed phrase

[AJBot]

A look at the best practices and worst hiding places for what could be the most important and wealthy possession in a home: a seed phrase. ...

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[Shaffy]

Sometimes, it's good to hide important information in plain sight, but if you have a lot of money in a wallet, I think it's best to memorize the seed phrase and try to recall it often instead of leaving it online.

 

[Skysaint]

When I registered on trust wallet I was given a phrase to protect my account is n any case of trouble and I hid it in my wallet and that's where it is. I am someone that doesn't let my wallet leave my sight for any reason.

 

[Genie011]

When I registered on trust wallet I was given a phrase to protect my account is n any case of trouble and I hid it in my wallet and that's where it is. I am someone that doesn't let my wallet leave my sight for any reason.

This is a strong security measure. And it would definitely help you prevent being scammed and defrauded.
I as well stored my wallet phrase in a most secured location that only me can access.

 

[Skysaint]

This is a strong security measure. And it would definitely help you prevent being scammed and defrauded.
I as well stored my wallet phrase in a most secured location that only me can access.

That would be for the best even though I hardly trade with trust wallet but at least I make enough money from investing in it once in a while. Keeping my secret code secret should be a priority.

 

[Genie011]

That would be for the best even though I hardly trade with trust wallet but at least I make enough money from investing in it once in a while. Keeping my secret code secret should be a priority.

Yeah, I guess their platform is unlike binance. They do not offer the opportunity to trade . I only know of people that trade the binance futures but not trust wallet.

 

[Skysaint]

Yeah, I guess their platform is unlike binance. They do not offer the opportunity to trade . I only know of people that trade the binance futures but not trust wallet.

The futures is not available on trust wallet, if it is then I am unaware of that. I think the only trading opportunity on trust wallet is the spot trading just that they have numerous coins more than binance.

 

[Genie011]

The futures is not available on trust wallet, if it is then I am unaware of that. I think the only trading opportunity on trust wallet is the spot trading just that they have numerous coins more than binance.

Wow, this is getting interesting.
It is actually the first time I am hearing about spot trading. Can you explain to me what spot trading is, is is different from other forms of trading?

 

[Skysaint]

Wow, this is getting interesting.
It is actually the first time I am hearing about spot trading. Can you explain to me what spot trading is, is is different from other forms of trading?

Well, I am only aware of two types of trading; one is spot trading while the other is trading futures. I think the binance platform have the two kind of trading I know.

 

[Genie011]

This is awesome, I have added a little bit knowledge today.
Indeed we grow everyday, it is absolutely essential to be learning everyday because that is how we make advancements.

 

[Kane]

Sometimes, it's good to hide important information in plain sight, but if you have a lot of money in a wallet, I think it's best to memorize the seed phrase and try to recall it often instead of leaving it online.

You must be joking, right? Seed phrase consists of at least 12 randoms. In order to have access to your wallet, you need to put all words in the same order, it is not possible to remember that for a lot of people.