this post was submitted on 24 Nov 2023
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Is a passphrase enough to store your coins? (alien.top)
submitted 11 months ago by ashketchup422@alien.top to c/ethereum@blockchained.world
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I always read about public keys,private keys and speedphrases that you need to store them in a paper wallet or hardware wallet. The only thing I ever stored are the passphrases (those 12 or 24 words) I get from metamask or other wallet provider in the beginning of creating a wallet. Is this enough when I write them down and secure them?

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[–] telejoshi@alien.top 1 points 11 months ago

Never had one, but paper wallets usually have a QR-Code to scan if you want to send transactions. I don't like the idea of a paper wallet. Paper just doesn't like water and fire, too many possible points of failure. Generating the wallet could compromise your key too.

You can turn an old phone into a cold wallet with AirGap Vault for android or iOS. For Bitcoin, Electrum can be used on an offline Computer. Hardware wallets are the easiest solution and they're around 70 bucks I believe

Most important thing is to create a new wallet and not to use an old wallet that was a hot wallet before