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Try to be sure always that your wallet recovery phrase is secure. It’s important to protect it from different folks but additionally from unintended damage from water and fire. Dropping your seed often means shedding all your funds.
What is a recovery phrase?
All cryptocurrencies together with Bitcion, Ethereum and others, use private keys and seed phrases recovery. Nowadays almost all cryptocurrency wallets use BIP39 recovery seed phrase standard. Hardware or software wallet generates it randomly when setting up. Person is asked to write the mnemonic recovery phrase down and secure it.
The seed recovery phrase grants full access to the wallet and allows to set up all of the accounts and private keys. We should emphasize, that without your seed recovery phrase you might not access any of your Bitcoins or different cryptocurrencies. This is why it is essential to make use of a trustworthy seed phrase backup.
This is equally vital to all kinds of wallets like:
· Hardware wallets like Ledger Nano, Trezor or Keystone
· Software wallets like Metamask, MyEtherWallet or Bluewallet
· Proprietary cryptocurrency wallets
It's like that because most cryptocurrencies make the most of the BIP39 standard. It may be as Dogecoin, Cardano or Solana however you need to take particular care of your recovery phrase.
Why you should safe your seed phrase?
The recovery phrase (seed phrase or mnemonic phrase) permits anyone to have full access to your wallet, including all of your coins. This is a reason why you must always store your seed phrase in a safe location and preferably on a fireproof and waterproof metal crypto backup.
When you store your seed phrase written on a chunk of paper is very fragile and might easily be destroyed. There are lots of situations that will put your very important piece of paper in danger. Paper may be destroyed or made unreadable very easily.

It is enough that your water pipe breaks and you've got a water leak in your apartment or house. When your apartment is flooded, your seed phrase on a chunk of paper might not survive it. Wet paper gets unreadable very easily.
Paper can be flammable. In case your apartment burns down, you will not have a copy of your recovery phrase. Probably also your computer with a wallet or your hardware wallet also burned down so you haven't any access to your funds and all your Bitcoins are lost forever.
Your insurance will pay you back for a destroyed building, furniture and electronics but they will by no means pay you back for you misplaced cryptocurrencies that you lost just because you may have written it on a bit of paper.


The other situation that you should protect your recovery phrase towards with stainless steel crypto wallet is throwing it out by an accident. Imagine your partner or different family member is making cleanup in your ‘old’ garbage boxes. They throw it all out because it is just a box of old papers that has no value. However you hid your precious seed phrase there. And now it is somewhere in your local landfill, not recoverable. You lost your funds.
This appears not very common. But there are tales of numerous folks experiencing this - shedding all their cryptocurrency because they just used a piece of paper. Some folks misplaced Bitcoins worth literally millions (if not billions) of dollars just because their apartment bought flooded by a neighbor or they did throw it out by an accident. This is the reason why everyone who is serious about their Bitcoins and crypto portfolio, secures their mnemonic phrase with the metal crypto wallet.
The right way to secure your seed phrase?
The most effective kind of metal crypto wallet is one made from stainless steel. If made from solid stainless sheets it can survive nearly anything. House collapse, fire, flood - anything. These crypto backups are made to last for decades. Stainless steel holds well even in seawater and is rust-resistant. It's wort spending around $80 dollars to be safe for a lifetime.

For more information regarding seed phrase storage check out our site.