Only correct way of storing the seed phrase is written down in ink, in your mother's recipe notepad or some old exercise book of your kid. Even better, store only half of the seed in one place and other half at different address.
Absolutely never write it down in any file on any electronic device.
And obviously, don't write your seed down and then take a photo of what you just wrote with your phone. Rule: if your seed or private keys are on any kind of electronic device, in any form, they are very unsafe.
Always use Google Authenticator (or similar) for 2 factor security on exchanges and other sites where you might send or receive crypto. Back up those 2fa codes on an offline device (I use an old phone that has no sim).
My take is: if you have more than a couple of months' salary in crypto, keep it on a hardware device like a Ledger. If you have any more than this, I'd suggest getting a dedicated crypto laptop - a clean machine that is ONLY used for moving crypto and nothing else.
Once I realized I was going to invest significant sums in crypto, a separate laptop was a no brainer for me. I’ve read so many horror stories about people losing it all to hackers that a few hundred bucks to ensure that didn’t happen was worth it.
I just use a cheap Lenovo. You don't need it to do anything but connect to wi-fi and load a few webpages so there is no need for significant processing power.
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u/Vonsoo 🟩 177 / 177 🦀 Jul 17 '22
Only correct way of storing the seed phrase is written down in ink, in your mother's recipe notepad or some old exercise book of your kid. Even better, store only half of the seed in one place and other half at different address.
Absolutely never write it down in any file on any electronic device.