What are Metal Seed Wallets?
In recent years, the safe custody of Cryptocurrencies are facing a lot of security issues and to overcome these issues a new method of taking the backup of seed words ( list of words generated by your cryptocurrency wallet) has emerged.
In this method, you can take the backup of the Seed Words in 2 ways.
(1) Primary Storage (2) Secondary Storage
In Primary Storage, we use online/ hot storage devices and offline/ cold storage devices.
Online/ Hot Storage Devices:
It includes Mobile Wallets, Exchange Wallets, Desktop Wallets.
Offline/ Cold Storage Devices:
It includes Paper wallet, Hardware wallet, Metal Wallet
In Secondary Storage, you are sharing your seed words with friends or family and your wallet will work only when all these words come together.
In this Article, we are going to discuss the different types of Metal Plates available in the market with their benefits.
Benefits of Metal Wallets:
- Cold/ Offline Storage: They are safe from issues like hardware failures, online hackers etc.
- No Third Party Involvement: It requires no counterparty trust
- Long Lasting: They are durable and you can store your seed words for a long time.
- Indestructible: Its safety is not affected by fire, water, rust and corrosion.
- Handover to Third Parties: You can handover them to your friends/ family and your coins are always recoverable with the seed key.
Types of Metal Wallets:
1.Stainless Steel:
Stainless steel plates support any 12 or 24-word seed and you can store your private Crypto Seed words safely. Stainless Steel melting temperature is 1510 °C.
2.Brass
Brass plates support any 12 or 24-word seed and you can store your private Crypto Seed words safely. Brass Melting temperature is 930°C.
3.Titanium:
Titanium plates support any 12 or 24-word seed and you can store your private Crypto Seed words safely. Titanium Melting temperature is 1668°C.
4.Aluminium:
Aluminium plates support any 12 or 24-word seed and you can store your private Crypto Seed words safely. Aluminium Melting temperature is 660°C.
5.Copper:
It is ideal for storing your private crypto seed words and supports any 12 or 24 seed words. Copper Melting temperature is 1084°C.
How do we choose the best methods from the above choices?
It is always safe to store your crypto seed words using any one of the above referred cold storage backup devices which have no connection with the internet. But then a question will arise: how do I select the best one?
You have to see the following points before going into a final conclusion:
- Always try to adopt devices which involves simple storage procedure
- Select the most durable material which is fire, water and corrosion resistant
- Last but not the least select a device by considering the price with its quality
It is recommended to use any of these metal plates to store your private keys as it is the best way to preserve extremely valuable information like your Bitcoin seed. They can be easily understood and offer physical security for your Bitcoin keys. It offers unparalleled durability and safety than vulnerable electronic devices, pieces of paper and trusted third parties.
