Learn about how the risks of holding cryptocurrency are different than those of traditional investments, and how to move ahead with confidence and safety.
Excited to launch 🚀 a new universal resource - all about cryptocurrency security.
Welcome to the exciting journey of owning Cryptocurrency. Start here to learn the basics about risks in the crypto landscape, and where to turn to learn more about how to keep your cryptocurrency secure.
Crypto wallets are very easy to start using in an insecure fashion.
You need to understand what a seed phrase is.
You need to understand why your seed phrase backup is the most important part of keeping your crypto safe.
The right choices about crypto security are personal and unique to each individual.
Vault12 "Learn" articles offer you understanding and insights no matter your level of experience with crypto.
What can I expect to find here?
We created this site for our friends and family who are new to cryptocurrency, and who want to learn more about how to secure their crypto funds. We hope that the next 500 million future crypto investors will also use the information presented here to make the right choices to protect their digital assets.
The world of crypto is very different from that of traditional finance - the risks of loss, theft, accidents, or even simply forgetting your access information can result in an irrecoverable loss of funds. We want to arm people with the knowledge to make the right decisions to protect themselves.
Crypto wallets are essential to have, and surprisingly easy to use - they allow you to start buying crypto quickly. BUT in order to get you to the buying stage, many "how-to" websites and wallet vendors gloss over options that you have for how to make secure choices along the way. Our guides offer the right security advice at the right time as you set up your wallet.
There are a couple of core concepts that you will need to understand about your crypto wallet along the way: What is a seed phrase? And what are the ways to back it up? (Paper is only one way, and not the most robust - yet it is often the default or the only option described).
If you are an experienced crypto enthusiast, and you want pointers on some advanced approaches to security, you may find that definitive guides simply don't exist on the internet - at least not in an accessible way. Technical tidbits from a mish-mash of timeframes and sources can be found buried deep inside forums, but it is challenging to string them together in a meaningful or reliable way. Our optional advanced articles point the way forward to explore complex topics like how to generate a seed phrase using a pair of 20-sided dice.
In publishing both introductory and advanced articles, we've brought the foundations of crypto security together as an easily-digestible collection so that you can be confident and ready to participate in this brave new world.
How do I learn enough to make responsible choices?
The biggest difference between the traditional financial system and the world of cryptocurrency is that with crypto, you are responsible for controlling the security of your funds - not the bank, and not the government. Because of individual variation in assets, preferences, and risks, there is no single set of security options that is right for everyone. This means that you need to choose the right layers of security to use for your situation. This site will give you the practical knowledge about security essentials that you need and will explain some of the tradeoffs that exist so that you can make the best choices for yourself.
We discuss the risks associated with holding cryptocurrency in our article "Why should I care about Security?" These risks include:
What else do I need to understand about wallets?
There are a couple of basic concepts about wallets that you will need to know or learn, especially those related to seed phrases and how to back them up. Nine out of ten crypto wallets will tell you, or strongly imply, that you should write down your seed phrase on paper. As convenient as this is, it's not the most robust approach for protecting such critical information.
With seed phrase backups and other wallet setup choices, only you can decide the right approach for choosing and setting up your crypto wallet and other digital assets, but usually the right answer lies in using multiple layers of security. The right answer for you will come from understanding the options and making informed choices.
Next Up From Vault 12
Inheritance and long term storage for CryptocurrencyVault12 Explainer
Vault12 Digital Inheritance is the first solution to offer a simple, direct, and secure way to ensure cryptocurrency, NFTs and other digital assets can be accessed by future generations.
Digital Inheritance enables investors to designate an individual who will inherit their entire portfolio of digital assets stored in a secure Vault once the time comes, eliminating undue risk and the need to continually update an inventory or continually issue updated instructions which can result in privacy leakage.
Designed to be used alongside traditional hardware, software and online wallets, Vault12 helps cryptocurrency owners, professional cryptocurrency traders, and high net worth investors safeguard their digital assets without storing anything in the cloud or in fact any one single location. This increases the protection and decreases the risks of loss.
The Vault12 app helps you recover, back up, and provide legacy inheritance for all your digital assets, including Bitcoin, Ethereum, NFTs, other cryptocurrencies, secrets like keys, seed phrases, PIN codes, digital art, and of course, your crypto wallets.
As a creator you can use Vault12 to safeguard not just your NFT and crypto wallets, but also original digital artwork. Project creators will always have to deal with multiple wallets - inventory, treasury as well as future royalty wallets.
Vault12 safeguards your project assets, increasing protection and decreasing the risks of loss, whilst ensuring that everything is ready to go to be passed onto future generations, when the need arises.
Whether your digital art is suitable for a phone, or represents much higher resolution multimedia, make sure that you have backed up a copy in case the resource link is disrupted in the future. Digital art can easily be added to the Vault either via the mobile app or via the desktop utility. Once you have stored your artwork in your Vault, it will also benefit from inheritance once you set that up in your app.