This article demonstrates using a stainless-steel backup plate for securing bitcoin against fire, flood and other disaster. This backup will work for securing any BIP39 word-phrase and it is specially-tailored for use with Samourai Wallet.
Self custody of your bitcoin is serious business, it is a radical responsibility. You and you alone are responsible for the security of your bitcoin.
The majority of wallets used for securing bitcoin will provide the user with a 12- or 24-word seed phrase. This goes for mobile wallets, desktop wallets and hardware wallets. But storing the wallet information in digital media such as a text document or image file is risky, because anyone with access to that digital file will be able to withdraw the bitcoin from that wallet.
Writing down these words in order on a piece of paper is a great way to ensure that the information necessary to restore the wallet is secure in a way that is never accessible by internet connection. But how secure is paper, really? What happens if there is a fire where this paper is located? What about a flood? Preventing loss of bitcoin by securing the seed words in a steel medium is a great way to protect against such incidents.
A passphrase can also be used to add additional wallet security. Passphrases are kind of like having a 13th or 25th seed phrase word, but only you know what the passphrase is. The passphrase can be any combination of letters, numbers or special characters. And remember: No one can help you recover your passphrase, so be sure to take care and secure it accordingly. If you lose your passphrase and need to recovery your wallet, the 12-words alone will not be enough.
Introducing The RoningSteel Backup Plate
The RoninSteel backup plate, designed
