How to use Plaster SEED phrases for improved Cryptocurrency security
The world of cryptocurrencies has become increasingly popular and accessible in recent years, numerous platforms giving users the opportunity to buy, sell and market various digital currencies. However, as the market continues to evolve, as well as the risks associated with it. A crucial aspect that can have a significant impact on the security of your cryptocurrency holders is the use of a phrase of wallet seeds.
In this article, we will deepen in the world of cryptocurrency wallets and explain how the use of a seed phrase improves security, why you need one, what you should look for in a wallet and some good practices to keep yourself Seed phrases safely.
What are the phrases of wallet seeds?
A phrase of wallet seeds is a unique set of words or numbers that allows you to restore access to your cryptocurrency wallet. Essentially, it is a password -protected reserve key that can be used to recover your funds if your primary password (or PIN) becomes compromised. In other words, without a phrase of seeds, you are essentially blocked from your account.
Why do you need a phrase of seeds?
The use of a seed phrase is essential for several reasons:
- Security : A phrase of seeds offers an additional security layer compared to the use of the primary password or PIN. Even if someone has access to the main password of your wallet, you will not be able to access your funds without the seed phrase.
- Backup : Having more seed phrases allows you to create a backup for the wallet if something is not going well with the main one. This way, even if you lose your password or main PIN, you can still recover your funds using another seed phrase.
- Recovery : In the case of a hack or compromise, to have a spare seed phrase ensure that your funds can be recovered without having to restart from scratch.
What should you look for in a wallet?
When selecting a cryptocurrency wallet, look for the following features:
- Management of seed phrases
: Make sure the wallet allows you to generate and store more seed phrases safely.
- Private keys : Make sure the wallet generates private keys with a sufficient number of seeds (at least 12) and uses a powerful key management system.
- Encrypting seed phrases : Check if the wallet encrypts your seed phrases using a safe algorithm, such as Argon2 or PBKDF2.
- Reserve storage : Check that the wallet offers a spare storage solution to safely store the seed phrases.
best practices for storing seed phrases
To keep your seed phrases safe:
- Store in a hardware wallet : Consider the use of a hardware wallet, such as Ledger or Trector, which offers an additional security layer by storing private keys to the device.
- Use strong passwords and pins : Make sure you use strong passwords and pins for both the main password and for the seed phrases.
- Keep the sentences of private seeds : Do not share your seed phrases with anyone and write them in public places.
- Rotate the sentences of seeds periodically : Turn your seed phrases every 90-180 days, if possible, to minimize the risk of a single sentence of seeds will be compromised.
Conclusion
The use of a phrase of wallet seeds is an essential aspect of cryptocurrency security. By understanding how to use these phrases and following the best practices for their safe storage, you can significantly reduce the risks associated with your digital assets. Remember that seed phrases are not just spare passwords; They are also a protection against potential losses due to wallet or compromises.
When choosing a wallet, prioritized features such as managing several sentences of seeds, generating private keys, safe encryption and spare storage. Do not neglect to keep your phrases of private seeds and use strong passwords for both the primary password and the seed phrase.