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You need to be sure always that your wallet recovery phrase is secure. It’s necessary to protect it from different folks but also from accidental damage from water and fire. Dropping your seed often means dropping all of your funds.
What is a recovery phrase?
All cryptocurrencies including Bitcion, Ethereum and others, use private keys and seed phrases recovery. Nowadays nearly 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 safe it.
The seed recovery phrase grants full access to the wallet and permits to set up all of the accounts and private keys. We should always emphasize, that without your seed recovery phrase you won't access any of your Bitcoins or different cryptocurrencies. This is why it is essential to use 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 is like that because most cryptocurrencies utilize the BIP39 standard. It can be as Dogecoin, Cardano or Solana but you must take special care of your recovery phrase.
Why you must secure your seed phrase?
The recovery phrase (seed phrase or mnemonic phrase) permits anyone to have full access to your wallet, together with all of your coins. This is a reason why you need to always store your seed phrase in a secure location and preferably on a fireproof and waterproof metal crypto backup.
Should you store your seed phrase written on a piece of paper could be very fragile and can simply be destroyed. There are numerous situations that will put your crucial piece of paper in danger. Paper could be destroyed or made unreadable very easily.

It's 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 won't survive it. Wet paper gets unreadable very easily.
Paper is also flammable. If your apartment burns down, you will not have a copy of your recovery phrase. Probably additionally your laptop with a wallet or your hardware wallet additionally burned down so you have no access to your funds and all of your Bitcoins are misplaced forever.
Your insurance will pay you back for a destroyed building, furniture and electronics however they will by no means pay you back for you misplaced cryptocurrencies that you simply lost just because you've got written it on a chunk of paper.

The other situation that you must protect your recovery phrase in opposition to with stainless steel crypto wallet is throwing it out by an accident. Imagine your spouse or other member of the family 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 treasured seed phrase there. And now it is somewhere in your native landfill, not recoverable. You lost your funds.
This seems not very common. But there are stories of quite a few individuals experiencing this - losing all their cryptocurrency because they just used a bit of paper. Some folks lost Bitcoins worth literally millions (if not billions) of dollars just because their apartment got flooded by a neighbor or they did throw it out by an accident. This is the reason why everybody who is severe about their Bitcoins and crypto portfolio, secures their mnemonic phrase with the steel crypto wallet.
Easy methods to secure your seed phrase?
The perfect kind of metal crypto wallet is one made from stainless steel. If made from solid stainless sheets it can survive virtually anything. House collapse, fire, flood - anything. These crypto backups are made to final for decades. Stainless metal holds well even in seawater and is rust-resistant. It is wort spending around $eighty dollars to be safe for a lifetime.