Cryptocurrency is a digital asset that has gained a lot of popularity in recent years. With the rise in the value of cryptocurrencies like Bitcoin, Ethereum, and others, it has become essential to store them safely. One of the most important elements of securing cryptocurrencies is the seed phrase, which is a combination of 12-24 words that serve as the backup key to your digital wallet.
When it comes to backing up your seed phrase, you have two primary options: paper and steel. While paper is the traditional option, steel has been gaining traction due to its enhanced durability and security. In this article, we’ll explore why steel is a better choice for backing up your seed phrase.
Firstly, paper can easily deteriorate over time, especially if it’s not stored properly. Moisture, sunlight, and other environmental factors can cause paper to become unreadable. On the other hand, steel is highly resistant to environmental factors and can last for decades without any deterioration.
Secondly, paper is vulnerable to physical damage, such as fire or water damage, which can lead to the loss of your seed phrase. However, steel is highly resistant to both fire and water damage, making it an ideal backup option in case of any unforeseen events.
Thirdly, paper can be easily lost or misplaced, which can be disastrous in case of a digital wallet hack or other similar situations. Steel, on the other hand, is highly unlikely to be misplaced, thanks to its compact and sturdy nature.
Finally, steel provides a level of privacy that paper cannot. With paper, it’s easy for someone to accidentally or intentionally view your seed phrase. Steel, on the other hand, can be secured with a lock or hidden in a safe location, making it more difficult for anyone to gain access to it without your permission.
In conclusion, while paper has been the traditional choice for backing up seed phrases, steel is a better option due to its enhanced durability, resistance to environmental factors, physical damage, and its ability to provide privacy. If you’re looking to secure your cryptocurrency for the long term, it’s worth investing in a steel backup option.