Browsing Tag

recovery seed


Secure Your Recovery Seeds With Crypto Key Stack

Last time we discussed how important recovery seeds really are. Earlier this year we also outlined the best practices when it comes to storing your recovery seed. Since everybody knows that the best way to store such confidential information is to put it offline, we’ve decided to show you one of the best products on the market that can help you do just that.

Of course, you can always write your seed on a piece of paper and lock it somewhere safe but water, fire, and even sunlight can destroy the paper, leaving you with empty hands. What I’m talking about is – Crypto Key Stack.

Crypto Key Stack is the perfect cold storage for your cryptocurrencies. Simply said, you get a stainless steel plate that can store up to 24-word mnemonic phrases. Ideal for backing up you hardware wallet or MetaMask. Since the team behind this revolutionary stack take security very seriously, they ask you to engrave your back up phrase by hand. When you purchase Crypto Key Stack you get one, three or ten stainless steel plates plus personal electric engraver. This way you can safely write your recovery seed at the comfort of your home, without having to worry that you might expose your backup phrase to someone else.

Why Crypto Key Stack?

Because it is manufactured out of black anodized stainless steel. Or simply said the black finish offers enhanced visibility once you engrave your precious words. Additionally, stainless steel is so durable that neither water nor fire can damage it. First of all, even fire above 2100o F (1150oC) cannot destroy it. This temperature is two times higher than the average temperature of house fires. Even if you store Crypto Key Stack in your wet basement it won’t get rusty and unusable because it’s made out of stainless steel, remember?

You can personalize your stack by purchasing additional plates (up to ten in one stack) or get plates featuring the logos of Bitcoin, Ethereum, and Litecoin.



Understanding The Importance Of Cold Wallet Recovery Seeds

As we have discussed many times, hardware wallets offer by far the best protection for your cryptocurrency funds. However, saying they are completely tamperproof would be a major overstatement as they have their vulnerabilities, too. Perhaps the worst thing that can happen to you would not be to have your cold wallet stolen but to lose your recovery seed.

Simply said, your recovery seed is your master key. With it, you have full and complete control over your cold storage. That’s why you have to do your best to protect it. It’s not only that someone might steal it from you if you’re not careful but you can just lose it. As simple as that – write it down on a piece of paper and leave it on the table. I bet my ass that “mom” is gonna throw it away the next morning. If you are not sure how to protect and store your recovery seed, this article might be of help.

Why recovery seed is that important?

I will quickly explain how your recovery seed works and you’ll make two and two. Most hardware wallets like Trezor, Ledger, and KeepKey will generate a unique recovery seed just for you. Usually, it will be a string of 12 to 24 simple words in English. Cold wallets’ manufacturers are taking it so seriously that they advise you to trust only seeds showed on the device’s display. In fact, they go as far as saying that even official apps should not be trusted when it comes to recovery seeds.

Once you set up your hardware wallet it would automatically generate your recovery seed. Now the only thing you have to do is to write down the words in the exact same order and keep them safe. Again, if you are having trouble, refer to “How To Store Recovery Seeds The Right Way In 2018”. Now take notes, one word may appear more than once in your recovery seed and this is completely normal. No, your device is not compromised.

Why does the recovery seed do?

Let’s imagine Joe loses his Trezor on the bus while going to work. Joe doesn’t freak out because he knows that his seed is safe and the device is useless without it. Joe just has to get a new device and enter his “old” recovery seed. Then the magic happens, everything is restored – passwords and all kind of data associated with his lost or stolen wallet. Now you know why it’s called “recovery seed”.

On the other hand, handling such a powerful tool as your recovery seed is a serious task because if someone obtains your seed they will have access to all your tokens, cryptocurrencies, digital assets, and passwords. I bet you don’t want that.

To find out how to check your recovery seed, click here.


Trezor Lets You Check Your Recovery Seed, Here’s How To Do It

You have purchased your Trezor wallet, you have set it up, you have copied the recovery seed (Here’s how to store it) and now you are finally protected. Oh wait, did you double check your backup phrase? Are you sure it is correct? What if you got it wrong? Should you reset your Trezor or you are ready to take the risk and transfer your tokens to it?

There is no need to worry about that because the lads at Satoshi Labs know no rest. Since Monday, Trezor users are able to check their recovery seeds without having to start the setup process from scratch. Your cold wallet interface allows you to check your backup phrase and it’s a piece of cake to do so.

How to check your recovery seed?

Go to device settings and select Advanced>Check recovery seed. Now be patient and read the instructions carefully before moving on. Once you are ready, the device will reveal your backup phrase. You have all the time in the world to check it word by word and nail it correctly in case you failed the first time. You also get the opportunity to generate a new recovery seed if you prefer to.

For those of you who use Trezor One here are some additional tips. The Advanced Recovery option lets you run a recovery trial. Simply said, you can “reset” your device just to see how the process goes.

The developing team integrated the option “Check recovery seed” into Trezor’s interface because the community demanded it for quite a while. By running the dry-run you practically start a recovery process but you note the device that you don’t want it to remember the recovery seed. As a result, you go through the whole process step-by-step. Your wallet compares the original backup phrase to the one you enter and tells you if there is something wrong. Do not freak out if you see warnings during the dry-run. It is aimed to look just like an actual recovery process.

In case your device shows an error, transfer your funds to another wallet, run a recovery and then store your coins again in your newly setup Trezor.