Because pen and paper are notoriously vulnerable – and online solutions simply aren’t secure enough.
If you're a crypto trader, you know how important security can be. 2022 has seen over $4.2B in crypto hack losses, according to a Privacy Affairs report. With hackers attempting over a dozen crypto-related scams every 60 minutes, unsecured assets are at increasingly high risk.
And the most vulnerable point in your security strategy?
Your seed phrase.
The Crypto Merchant, an online store specializing in high-quality crypto security solutions, discusses the top crypto seed phrase backup tools for 2023.
The Crypto Merchant explains that a crypto seed phrase - a sequence of words that acts as a master key for a crypto wallet - is a fundamental security asset for a crypto traders. Since the seed phrase provides access to the wallet even without the password, keeping it safe is essential for ensuring the security of your digital assets - yet storing the seed phrase securely may be harder than it sounds.
“Many choose to back up their seed phrase on paper or by memorizing it, but these are deceptively unreliable solutions,” said Mark Venables, President of The Crypto Merchant. “Paper is easily lost or damaged, and our memory can often fail us - which makes more robust storage essential.”
In its new report, the company showcases a series of crypto seed phrase backup tools that offer high levels of security and data protection.
The XSEED by SecuX, featured at number 8 on the list, is an affordable option for crypto traders looking for a simple and effective solution. With the option to store up to 24 recovery words, the XSEED is both fireproof and waterproof.
If you're looking for a premium option, the new report recommends the Cryptotag Zeus. The titanium crypto seed phrase backup tool can store up to six seed phrases, can withstand extreme stress, and is guaranteed for life.
Still not sure which one to go for? Check out all eight at https://www.thecryptomerchant.com/blogs/resources/the-best-crypto-seed-phrase-backups-of-2022?_pos=4&_sid=cd121f70a&_ss=r - there are many options for all budgets, and any is way better than none!
