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How To Back Up Your Crypto Wallet
Backing Up Your Crypto Wallet With Vault12 Guard Preserves Your Personal Crypto Security
September 27 2024
Crypto can be difficult to store securely, but backing up your crypto wallet is essential so you can recover funds if your crypto wallet is ever lost, stolen, or damaged. A proper crypto wallet backup is also important for inheritance purposes so your assets live on, even if you die.
Why should you back up your crypto wallet?
Proper crypto wallet backups protect you from potential threats, ranging from criminal actors and accidents to natural disasters and damage. Once securely backed up, you can recover your assets in times of need.
A proper backup of your crypto wallet involves recording:
- Each crypto wallet asset
- Seed phrases and passphrases
- Any supporting files for your assets
All crypto backup solutions should be physically secure, digitally secure, and resilient to degradation – but unfortunately, not all of them are.
What are some limitations of common crypto backup methods?
These are some common backup methods, but keep in mind that each has its own limitations:
- Back up to metal plates - drawbacks for this method: sounds simple, but to do it right takes planning and time.
- Back up to a local drive - drawbacks for this method: it's quick, but fraught with risks!
- Back up to the Cloud - drawbacks for this method: also quick, but it has significant risks related to the involvement of third parties!
- Back up to “brain wallet” - drawbacks for this method: slow and unreliable, and only justifiable in cases of extreme limitation or duress.
- Back up to paper - drawbacks for this method: extremely vulnerable and surprisingly subject to error.
How does Vault12 back up your crypto wallet?
The video demo below shows you how Vault12 Guard is used to back up a crypto wallet, making sure your assets live on, even after you pass:
YouTube
Vault12 Guard crypto backup is decentralized, resilient, and secure.
Vault12 Guard allows you to breathe easy as it avoids the pitfalls of other backup methods:
- Guard's backups are decentralized. There is no single point of failure, allowing you to recover even if your phone is lost or stolen.
- Guard does not rely on Cloud servers. Your assets remain private from third parties and resilient to Cloud outages.
- Guard implements post-quantum encryption - giving your assets the highest possible level of security.
Vault12 Guard is the most advanced yet simple crypto backup solution
Not only is Vault12 Guard secure and resilient, but it is also simple to use. It allows you to back up all types of wallets, as well as NFT-related files, to construct a full inventory of your crypto assets. This includes multi-wallet management, which Vault12 simplifies with an integrated backup and inheritance solution. When you need to restore your Vault, Vault12 makes the process easy by requesting access from your most-trusted Guardians.
Of all your choices for backing up a crypto wallet, Vault12 Guard uniquely backs up your crypto wallets in a manner that is physically secure, digitally secure, and passes the test of time.
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How To Back Up Your Crypto Wallet
Backing Up Your Crypto Wallet With Vault12 Guard Preserves Your Personal Crypto Security
September 27 2024
Vault12
Vault12 is the pioneer in crypto inheritance and backup. The company was founded in 2015 to provide a way to enable everyday crypto customers to add a legacy contact to their cry[to wallets. The Vault12 Guard solution is blockchain-independent, runs on any mobile device with biometric security, and is available in Apple and Google app stores.
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You will lose your Bitcoin and other crypto when you die...
...unless you set up Crypto Inheritance Management today.
It's simple—if you don't worry about it, nobody else will—not your software or hardware wallets vendors, not your exchanges, not your wealth managers. So you have to think about how to protect the generational wealth you have created and reduce the risks around passing that wealth on to your family and heirs. What are the challenges with crypto inheritance?
- Crypto Wallets are difficult to use and do not offer crypto inheritance management. In fact, most of them tell you to write down your seed phrase on a piece of paper which is practically useless.
- Some people back up their wallet seed phrases or private keys on paper, local devices like hardware wallets or USBs, or in the cloud - all of these options have severe drawbacks from hacking, to accidental loss, to loss of cloud services. No one wants that to happen to their crypto generational wealth.
- Software wallets operate on specific blockchains, yet your crypto assets span multiple blockchains, for inheritance to work, you must be able to manage inheritance across every blockchain - now and forever.
Crypto Inheritance Management: Get ready today
Vault12 is the pioneer in Crypto Inheritance Management that delivering an easy-to-use and secure method for assigning a legacy contact to your crypto wallets. This enables you to pass on your wallet seed phrases and private keys — including Bitcoin (BTC), Ethereum (ETH) — to future generations. Designed for everyday people, and strong enough for Crypto OGs.
This innovative, decentralized system enables users to appoint a person or mobile device as Guardian. The designated guardian is entrusted to protect the user's comprehensive collection of wallet seed phrases and private keys, safely stored within a decentralized digital Vault. No information is stored on cloud servers, or Vault12 servers and nothing is stored on local devices making it less of a target.
The Decentralized approach reduces points of failure and removes the necessity for regularly revising wallet inventories or modifying instructions for your lawyers, often leading to privacy breaches. It is the best way to preserve crypto generational wealth.
Take the first step and back up your crypto wallets.
Designed to be used alongside traditional hardware and software crypto wallets, Vault12 Guard helps cryptocurrency owners back up their wallet seed phrases and private keys (assets) without storing anything in the cloud or any single location. This increases protection and decreases the risks of loss. Making sure you have an up to date back up is the first step in crypto inheritance management.
The Vault12 Guard app enables secure decentralized backups and provides inheritance for all your seed phrases and private keys across any blockchain, including Bitcoin, Ethereum, ERC-20, and other crypto wallets.
Note: For anyone unfamiliar with cryptocurrencies, Vault12 refers to wallet seed phrases and private keys as assets, crypto assets, and digital assets. The Vault12 Guard app includes a software wallet that works alongside your digital Vault. The primary purpose of this is to guard your Bitcoin (BTC) or Ethereum (ETH) wallet seed phrases, private keys, and other essential data, now and for future generations.
Add Inheritance for your crypto.
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