Protect Your Wealth: 7 Steps to Protect Your Wallet Backup | Lucien Bourdon | December 2024
Imagine this: You have started your journey into cryptocurrency and are excited by the promise of financial independence and security beyond traditional banks. You have worked hard to grow your assets, and watching your balance grow gives you confidence that your funds are safely in your hands and out of the control of a third party. But there is one important detail that you may overlook. This is a wallet backup.
Now imagine this. One day you tried to access your wallet and the device became unresponsive or even lost. At that moment, all your wealth depends on one thing: your wallet backup. Whether your funds will remain safe or be lost forever depends entirely on how carefully you manage your backups.
This scenario is not just theoretical. Countless people have discovered the hard way that without a reliable wallet backup, their assets could be lost with no way to recover them. Good news? This can be completely prevented by carefully keeping proper backups. Following these steps will ensure that your funds remain safe and accessible no matter what happens to your device.
IMPORTANT NOTE: Do not reveal your wallet backup to anyone, and do not enter it on your computer, phone or app. Backups give you direct access to your funds, and exposing them to other people or connected devices could put your assets at risk.