Hello good morning #tronics
It’s a new day and a new week.
We are back on track.
I believe we are all fine.
Before I start with today’s tips, let me use this opportunity to wish all Ghanaians a Happy 66th Independence day.
Just believe, it shall be well with us.
Today we will talk about backing up your seed phrase properly. Tomorrow we will continue with same topic.
Let’s say you’ve downloaded wallet software and started setting it up. You’re immediately confronted with what may be an unfamiliar experience: You’re told to back up your seed words.
If you’re new to crypto and also in a hurry, then you may be tempted to skip this step or just take a screenshot to use as a backup. But there are good reasons to be careful with how you store your seed words.
If you don’t back up your seed words, you will lose access to all your cryptocurrency the moment your device crashes. PCs have moving parts that wear out over time, so, eventually, your device will crash.
Luckily, there’s an easy way to avoid losing your crypto because your PC bit the dust. Just write down your seed words on a physical piece of paper and store the paper in a safe place where it can’t be destroyed. If you’re worried about losing your physical copy, you can even write down your words on multiple pieces of paper and store them in different secret hiding spots. I recommend fireproof, waterproof safes for storing your seed words.
The important point is to store them on a physical thing that can’t be erased.
Storing your plaintext seed words on your PC is fraught with additional risk. If you store them as a screenshot on your computer, for example, then any person who gets access to your computer can steal all your crypto. All they have to do is find the image, copy your seed words, and import them into their own wallet.
Be to be continued…
thank you and stay safe
Happy 66th Independence day to Ghana