Keep Private Keys Away from the Cloud

Date: 2023-05-25T16:19:49Z Creator: Bitfolio Academy

Ledger Recover is the talk of the town!

All serious crypto investors need to secure their assets with a hardware wallet. I’m a big fan of Ledger Nano S Plus and Nano X, and I still recommend them, despite the new Ledger Recover feature. While I recommend Ledger hardware wallets, I do not recommend backing up your private keys in the cloud.

It’s imperative to stay on the safe side, and I do not share my private keys with anyone, including Ledger. So, I am not using the Ledger Recover feature.

My solution? Brass plates. I engrave all my seed phrases on brass plates and put them away in a safe. Nothing and no one will ever get my private key unless I let them, and that’s how you should be too. Use hardware wallets, but never share your private key with anyone, not even with Ledger!

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Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.

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