Good day family, we continue from where we ended yesterday.
Backing up your seed phrase is very important.
But storing your plaintext seed phrase on your pc comes with additional risk. When someone get access to your pc, he or she can steal all your crypto.
A person could do this by physically having access to your PC or by infecting your computer with malware. Either way, it’s a good idea to make sure only encrypted copies of your seed words are on your PC, which means no screenshots or notepad files.
Unless you are using a hardware wallet, there will be a copy of your seed words in a special file called a “key vault.” This file will allow you to make transactions without entering your seed words each time.
Unlike a plaintext file, your key vault is encrypted with a password. Even if an attacker gets a hold of it, they’ll open the file to find a bunch of useless gibberish. This is a lot safer than storing the file in plaintext.
To recap seed words, keep the following security measures in mind:
Back up your seed words on a physical piece of paper.
Keep the backup in a safe place where it can’t catch fire or get water damage.
Don’t keep plaintext copies or screenshots of your seed words on your PC.
Keep the location of your physical backup a secret.
If your device crashes, then use your seed words to recover your accounts.
Thanks for reading and educating others.
Stay Safe and have a nice day