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Key Takeaways Introduction As cryptocurrencies continue to gain popularity, the need for secure storage solutions for private keys and seed phrases has become paramount. One innovative approach to enhancing the security of crypto assets is the Shamir backup method, sometimes called Multi Share Backup. This article will discuss what Shamir backup is, how it works, […]
Introduction If you own any cryptocurrency, it’s super important to understand what private keys are and how they keep your digital money safe. Private key is like the secret code that gives you control over your crypto funds. In this article, we’ll break down what private keys are and why they’re such a big deal […]
I. Introduction Welcome to the world of cryptocurrency, where words like ‘derivation path’ float around as if they were as commonplace as ‘wallet’ or ‘transaction.’ But what exactly is a derivation path? Put simply, a derivation path is a ‘route’ or ‘direction’ that your Hierarchical Deterministic (HD) wallet uses to generate new addresses. Think of […]
Introduction There is one crucial element that keeps your coins and tokens safe and secure: the seed phrase. It’s a mainstay of the cryptocurrency industry and for good reasons, which we’ll cover below. This blog post will walk you through the ins and outs of seed phrases, their importance, and how they work to safeguard […]
Introduction – two bestselling hardware wallets compared In the past few years, investing in cryptocurrencies like Bitcoin, Ethereum, and Litecoin has become popular. Many people do this to diversify their portfolios. But as cryptocurrency becomes more popular, theft and fraud become more likely. Cryptocurrency is kept in digital wallets, which can be hacked or otherwise […]
It is crucial to use hardware wallets and metal backups for the ultimate security of your cryptocurrency holdings. No matter if holding Bitcoins, Ethereum or Dogecoins, you are the only person responsible for the safety of your funds. It is no accident that in the crypto sphere, we say “Be your own bank”, so you […]
We will cover the topic of safe seed phrase storage and provide you with the best ways of storing a seed phrase and what mistakes to avoid. Seed phrase storage is a way of keeping your seed phrase safe from damage and thieves so you can restore your wallet if needed. We will explain this […]
If you want to know can your bitcoin grow in price while in a wallet, please read further. You will also find information about why it does and what happens when you move coins from exchange to a wallet. As well details about whether you should move your coins to a wallet and how to be […]
Are seed phrases and private keys the same? Are they different? How they protect my coins? We have all the answers. If you would like to know the answer to these common questions: Below you will find a simple but complete answer. We will not dive deep into technical aspects of blockchain, instead, we will […]
Learn how to secure your Bitcoin recovery phrase Contents What is a seed recovery phrase? Bitcoin and other cryptocurrencies like Ethereum, Dogecoin, Cardano etc. use a system where you can easily recover your wallet. Nowadays it works almost always in BIP39 standard which is much easier than previous solution with private keys. Wallet software generates […]
