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How To Back Up Your Crypto Wallet
Backing Up Your Crypto Wallet With Vault12 Guard Preserves Your Personal Crypto Security
October 04 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 after you die.
Why should you back up your crypto wallet?
Proper crypto wallet backups protect you from 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 each has drawbacks:
- Back up to metal plates - This method sounds simple, but to do it right takes some planning, cost, and time.
- Back up to a local drive - This method is quick, but fraught with risks!
- Back up to the Cloud - This method is also quick, but it has significant risks related to the involvement of third parties.
- Back up to “brain wallet” - This method is slow, unreliable, and only justifiable in cases of extreme limitation or duress.
- Back up to paper - This method is 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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Learn
How To Back Up Your Crypto Wallet
Backing Up Your Crypto Wallet With Vault12 Guard Preserves Your Personal Crypto Security
backupbackup and inheritancecrypto walletcrypto wallet backupcryptocurrencyguardiansseed phrasesvault12 guard
October 04 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 crypto inheritance, nobody else will — not your software or hardware wallet vendors, not your exchanges, and not your wealth managers. So it's up to you 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 that range from hacking to accidental loss to disrupted cloud services.
- Software wallets operate onspecific 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.
Vault12 is the pioneer in crypto inheritance management. Watch our explainer video above, or our inheritance demo today.
Crypto Inheritance Management: Get ready today
Vault12 is the pioneer in Crypto Inheritance Management, and offers an easy-to-use and secure method for assigning a legacy contact to your crypto wallets. Vault12 Guard enables you to pass on your wallet seed phrases and private keys for any cryptos including Bitcoin (BTC) and Ethereum (ETH) to future generations. It's designed for everyday people, yet strong enough for Crypto OGs.
This innovative, decentralized system uses a hybrid approach of software fused with the Secure Element of phone devices (the Secure Enclave for iOS devices, and Strongbox for Google devices).
Vault12 Guard enables users to appoint one or more people or mobile devices as Guardians. The designated Guardians are entrusted to collectively protect the user's comprehensive collection of wallet seed phrases and private keys, which are safely stored within a decentralized digital Vault. Nothing is stored on cloud servers or Vault12 servers, and no assets are stored on local devices, making them 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 (which could lead to privacy breaches). Simply put, Vault12 Guard 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.
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