How and where to store the SEED phrase

So we come to a very important piece of information:

A SEED phrase is an access to your wallet, which means that if someone gets it, they will get your money too! That’s why it’s mandatory to make a backup of a SEED phrase and keep it as the most important secret.

When you open your cryptocurrency wallet they offer you to save the SEED phrase, and you should do it 100% of the time! No SEED phrase — no money! Let’s break down examples of how NOT to keep your SEED phrase:

• create a folder on your desktop called «My SEED Phrase»;

• write the SEED phrases on a post-it note and stick it in a visible place;

• send the SEED phrase to «yourself» on Telegram or other social networks;

• write the SEED phrase in the notes on your phone. It would be safe to write the SEED phrase on a piece of paper or a device that is not connected to the Internet and put it in a safe deposit box or bank deposit box. You can also divide the SEED phrase into several parts and store them separately.

Private key import is the transfer or copying of a private key from one wallet to another. With this procedure, you can use one private key and view information about your funds in different services, such as MetaMask and Trust Wallet.

Now you know about two ways to store cryptocurrency: on centralized exchanges or «hot wallet» and non-custodial or «warm wallet». But there is another way — hardware or «cold storage».