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ID: 1vBDG5Jv/biz/60548824#60573369
7/2/2025, 7:53:58 PM
>>60572951
Sure it is.
You can even have a view-only version of your wallet so you can see incoming transactions and your total balance (but if you spend, you will need to import the view key of these transactions for the balance to update correctly).
But if you have your seed phrase in a physical form, you should at least consider these:
- What happens if something happen and you're away from your seed? Should you consider multiple copies?
- Do you know people who may not like you and that are aware of what a "seed phrase" looks like? If a bad actor finds the piece of paper or whatever, will they know this is a crypto wallet and will they try to recover it without your knowledge?
- If your house burns down, did you just lose your only copy of the seed phrase?
Pic related, a cautionary tale people often forget about.
Sure it is.
You can even have a view-only version of your wallet so you can see incoming transactions and your total balance (but if you spend, you will need to import the view key of these transactions for the balance to update correctly).
But if you have your seed phrase in a physical form, you should at least consider these:
- What happens if something happen and you're away from your seed? Should you consider multiple copies?
- Do you know people who may not like you and that are aware of what a "seed phrase" looks like? If a bad actor finds the piece of paper or whatever, will they know this is a crypto wallet and will they try to recover it without your knowledge?
- If your house burns down, did you just lose your only copy of the seed phrase?
Pic related, a cautionary tale people often forget about.
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