Your Key To Privacy: Crypto Hardware Wallet Backup Tools

So, you’ve got some crypto… but what if you do not want to use traditional methods of transferring it? What if you do not want to store your funds in an online platform (hot wallet) like Coinbase or Binance? That is where hardware (cold) wallets come in.

Cryptocurrencies are changing the world by disrupting industries, creating new opportunities, and shaking up the way we see money. One of the most important aspects about cryptocurrency is empowering common people to have full control of their finances, and how they transact with each other for goods and services. Hardware wallets allow you to store your cryptocurrencies offline, which is essential for those who want to keep their funds away from banks, governments and institutions who want to mitigate flow and observe activity.

What is a hardware wallet?

A hardware wallet is a physical device that securely stores your cryptocurrencies offline. Hardware wallets are often considered the most secure way to store your cryptocurrency, as they rely on cryptography rather than an online server using different security measures like OTP, passwords and various forms of KYC (know your customer) measures. Hardware wallets secure cryptocurrencies and allow users to privately store their coins. They come in various forms, from desktop wallets to mobile wallets, but all work by encrypting user data into a protected format and storing it on the device. A seed phrase or private key is used to access your wallet. Losing the wallet and or seed phrase will make recovery impossible.

Additionally, hardware wallets such as Cryptosteel Cold Storage Shamir HODL Pack and the Eillipal Titan feature unique passphrases and clever backup mechanisms that make them difficult to steal or lose which solves the risk factor of misplacing or losing your wallet or phrase to a degree.

What if I lose my hardware wallet? Built-in redundancy.

As long as your seed phrases are backed up, there is no need to worry about losing your crypto wallet or it getting stolen. By putting your private key into a new wallet, you can quickly make a new wallet and recover your coins. A good way to do this is to store the seed phrases on an offline external storage device such as the Cryptosteel Cassette Solo or the Cryptosteel Cold Storage Shamir HODL. You can store your key physically and retrieve it whenever you want and even if you lose your original wallet, you can still restore it. 

Cryptosteel Cassette Solo is a pocket-sized device made of stainless steel designed to securely store the alphanumeric data of your choosing without the need for specialized skills or the involvement of a third party. Each piece of hardware comes with its own set of tiles made of stainless steel, and those tiles are inscribed on all sides. Manual construction of codes and passwords is performed using the characters provided, some of which are chosen randomly. You can secretly store sensitive information of up to 96 characters’ worth in a short time, ensuring your data’s complete confidentiality. This incredible and easy-to-carry hardware crypto wallet is all you need if you are a cryptocurrency holder. The original offline metal backup design is lightweight, sturdy, and secure. No third-party involvement is needed, and users can protect their data.

Cryptosteel Cold Storage Shamir HODL Pack is a set of five Cryptosteel capsules and a Trezor Model T hardware cryptocurrency wallet is included. HODL is short for Hold On Dear Life, trying to attract long-term cryptocurrency enthusiasts. The Cryptosteel Capsule is the industry-leading device for seed phrase backup, offering protection against the malfunction of memory devices, loss of data, or damage caused by the environment. If you have a cryptocurrency holder, friend, or family member, there is no better gift than this sleek Cryptosteel Cold Storage Shamir HODL Pack. This cold storage unit is equipped with state-of-the-art technology. It is based on the SSS backup system invented by Professor Adi Shamir, co-creator of the Rivest–Shamir–Adleman (RSA) algorithm and inventor of differential cryptanalysis.

Both of the above products are compatible with BIP39, which allows you to use a language-based mnemonic phrase if you lose or lose access to your wallet.

Crypto hardware wallets are a great way to keep your cryptocurrencies safe and secure. They allow you to safely store your coins offline, which is great if you want to avoid the risks associated with online storage. Once you have a crypto hardware wallet, you can use it to store any cryptocurrency. Most hardware wallets currently support Bitcoin, Ethereum, USDT and other major altcoins. Overall, a crypto hardware wallet is an important tool for anyone looking to protect their investments offline, preventing any loss from “hot storage” platforms that in the past have collapsed (Mt Gox). It is easy to set up and use and can help keep your coins safe from hackers and prying eyes.