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Recovery Seed Steel Plates for Crypto Currencies
Recovery Seed Steel Plates for Crypto Currencies
Recovery Seed Steel Plates for Crypto Currencies
Recovery Seed Steel Plates for Crypto Currencies

Recovery Seed Steel Plates for Crypto Currencies

Hodlers Canada

Regular price $ 0.00 CAD Sale

Not in Stock.  Comming Soon!

Includes the following:
  • Seed recovery plate x 1
  • Blank Coverplate x 1
  • Screws/Nuts to secure
  • Coloured zip ties to secure

Suggested punch kit: TEKTON 5/32-Inch Letter and Number Stamp Set, 36-Piece 

Good practices

  • Holding your coins on an exchange, even a reputable one, even with 2FA enabled, is risky. Someone could impersonate you and steal your funds within minutes, while you are sleeping. The exchange could get hacked. You will not get your coins back if that happens. Centralised Exchanges Are Terrible At Holding Your Money
  • The only sane way to store bitcoin / other crypto currencies is using a hardware wallet. Get yourself a Trezor or Nano Ledger S. A hardware wallet allows you securely receive and perform crypto-currency transactions even on a malware-infested computer.
  • During the setup of your hardware wallet, you’ll be asked to write down a 24 word (BIP39) passphrase (the “recovery seed”). Properly securing that passphrase is the most important step of the setup. This is the passphrase that you will stamp onto a plate of metal to preserve it for decades to come. Losing or destroying your hardware wallet would not affect you in any way, as long as you safeguard that recovery seed, you will still have access to your funds.
  • You must be the only person to see your recovery seed. Do not ask someone else to stamp it into metal for you.
  • NEVER enter your recovery seed into any electronic device, file, website, or even a password manager. The recovery seed will be shown to you ONCE on the screen of your hardware wallet, but never leaves its memory. It should never be typed onto a desktop computer / smartphone as those environments are vulnerable to hacking by malware. You may write it down on paper temporarily in a private location, until you have a chance to secure the materials for stamping on metal. Never write your seed onto an electronic device
  • You MUST practice recovery of your hardware wallet. Once you’ve written down, or stamped the recovery seed, wipe out your hardware wallet, then restore it to ensure you’ve copied the recovery seed correctly. Do this before you send large amounts of funds to the hardware wallet. And repeat this every time you duplicate your recovery seed onto a new medium. Don’t expect an “untested” recovery seed will save you the day you need it. Why you must test your recovery seed before sending large amount of funds

Recovery Seed storage

  • By default, the 24 word recovery seed is the only thing required to access private keys. On the Trezor, there is an option to have an additional password, but I didn’t enable this option. I don’t trust myself to remember this password 10 years down the line. Why I don’t trust myself to use a passphrase on Trezor
  • This means keeping your recovery seed plates out of sight is extremely important.
  • The current 304 stainless steel design has a melting point of 1400-1450 °C. This means it can survive even a sustained, severe house fire. Reddit thread on metal survivability to house firesBlockplate fire survival videoColdTI Torch video.
  • Properly securing and storing your recovery seed is much more important than securing your hardware wallet. In fact you should treat your hardware wallet as a disposable, fragile device which can be lost, destroyed, or wiped out any time, but can be replaced with a small amount of money. Your recovery seed cannot be replaced. Reddit user doesn’t have recovery seed and is forced to perform trezor firmware update
  • You can have another set of plates in a separate geographical area, in a trusted location, should you completely lose access to your main location. Some people suggest safety deposit boxes, however there’s some debate about how safe those are.
  • With this redundant approach, the only risk you're exposed to is theft of the plates by someone motivated enough (and knowledgeable enough) to extract the funds.

Titanium or Steel Plates

These steel plates are designed to have a BIP39 24 (or 25) word passphrase stamped onto them, using a letter punch kit, to allow recovery of crypto currency private keys. Whether for use with a software wallet, or a hardware wallet like the Trezor, having the recovery passphrase stamped onto corrosion-proof and fire-proof metal plates minimizes the risk of loss of private keys. You can see letter punching in action on this video, although with our plates we will punch the full BIP39 words using letters, not numbers: ColdTI Punching Video.

Available Grades:

Titanium Grade 2, 2mm

Stainless Steel (316L), 3mm

 

Design Credits: bulletproofbitcoin.com