The Best Cold Storage Wallet
Well designed cold storage wallet allows for effortless etching and endless protection.
High-performance plates protect your crypto assets.
The Best Cold Storage Wallet
Well designed cold storage wallet allows for effortless etching and endless protection.
High-performance plates protect your crypto assets.
In 2020, a man named Michael Stay lost access to his Ethereum wallet after he accidentally deleted the email that contained his seed phrase. He had stored the seed phrase on his email, which he had assumed was backed up. As a result, he lost over $300,000 worth of Ethereum.
In 2021, a user on the Polygon blockchain lost over $600,000 worth of MATIC tokens after losing their seed phrase. The tokens were stored in a MetaMask wallet, which requires a seed phrase for access.
Flexible Cold Storage
Use multiple hardware crypto wallets to reduce the risk of losing all your cryptocurrency due to a single point of failure. Having multiple wallets also adds an extra layer of security by diversifying your holdings across different devices.
In 2018, a man named Mark Frauenfelder lost access to his Bitcoin wallet after he lost his seed phrase. He had stored the seed phrase on a piece of paper, which he had misplaced, resulting in the loss of over $30,000 worth of Bitcoin.
When it comes to backing up seed phrases for cryptocurrency wallets, both etching and punch sets can be effective methods.
However, there are a few advantages of etching over using a punch set or chicklets: