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<h2 id="header-0">The importance of an BIP-39 wallet backup</h2><p>Today is the perfect day to take a moment to reflect on the importance of backing up the seed phrase of your crypto wallet. If you&#39;re not familiar with the term &#34;seed phrase”, it&#39;s basically a string of 12-24 words that acts as a backup for your cryptocurrency wallet. </p><p>If you ever lose access to your wallet or forget your password, your seed phrase is your last line of defense. And losing access to your wallet can happen very easily. You could forget the PIN code that you set, or the wallet could stop working. Also, if you have a wallet app on your phone, your phone could get lost or get stolen.</p><p>The problem is that many people don&#39;t take their seed phrase storage seriously enough. They might write it down on a piece of paper and forget about it or store it on their computer, which is vulnerable to hacks and data loss.   </p><p></p><h3 id="strong-bitcoin-already-lost-strong"><strong>Bitcoin already lost</strong></h3><p>Did you know that a recent survey found that 60% of cryptocurrency owners have experienced a security breach at some point? What&#39;s even more alarming is that only 25% of those people were able to recover their lost funds.   </p><p>It is also believed that ∼20% of all the Bitcoin that will ever exist, is already lost.</p><p></p><h3 id="strong-the-solution-strong"><strong>The solution</strong></h3><p>Using a self-custodial hardware wallet is an essential and very popular way to secure your crypto. Hardware wallets are physical devices that store your seed phrase offline, making it virtually impossible for hackers to access. By using a hardware wallet, you can be confident that your seed digital assets are safe and secure. Especially with the many exchanges and other centralized organizations that came to fall, this is a very popular way of storing cryptocurrencies.</p><p></p><h3 id="strong-bip-39-strong"><strong>BIP-39</strong></h3><p>A wallet has a public and a private key. The public key is also known as the receiving address. The private key is the password to your wallet. It consists of a long string of random letters and numbers and is not easy to store. To tackle this obstacle, BIP-39 is a protocol that generates easy-to-remember words (mnemonics) from a private key, called a seed phrase.  But how do we store this seed phrase safely?</p><p>You can store these words in metal by using a metal seed plate. This option is designed for people who want to store their seed phrases offline. The metal backup products of CRYPTOTAG received a Triple A&#43; status in the independent Jameson Lopp tests.</p><p></p><h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3><p>In conclusion, backing up your crypto is not something that should be taken lightly. With the increasing popularity of cryptocurrencies and the many centralized exchanges that came to fall, it&#39;s more important than ever to ensure that your investments are safe and secure.   By using a hardware wallet and a good seed phrase storage, you can rest assured that your seed phrase is stored in a way that&#39;s safe and easily accessible when you need it.</p><p><strong>Happy World Backup Day! Visit our website to find the perfect solution for your self-custodial setup!  </strong><br /><br /> &#x1f517; | <a href="https://cryptotag.io/" rel="noopener noreferrer nofollow">https://cryptotag.io/</a></p>

World Backup Day reminds you to back up your wallet. Let us explain why!

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CRYPTOTAG

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