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CZ 🔶 BNB
@cz_binance
Buy the book (proceeds go to charity): English: Chinese: @binance @BNBchain @YZiLabs @GiggleAcademy
Joined August 2017
1.3K Following    12.4M Followers
Securing the backup seed phrase is hard. Can't have someone else read it and say, "oh, that's a nice seed phrase". Can't have it destroyed by fire, flood, etc. Can't have a hacker gain access to it. And most importantly, can't lose it yourself.
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With all the talk on hard wallet saftey, I'll share my own experience My hardware wallet didn't get hacked. It just stopped working. Nearly cost me everything in it. I had BTC in an old Trezor, multi-sig setup. Ran a firmware update. Afterward I couldn't sign transactions anymore. The only thing that saved me was having the seed written down somewhere else. Ledger has a different failure mode. The screens on old Nanos fade over time. No readable screen means you can't enter your PIN and no access to the device. Neither of these is a hack. The hardware just stops cooperating. That's the part you don't plan for. So know that you could also be at risk of losing your Bitcoin and crypto if you have it stored in old models of Trezor or Ledger wallets. Make sure to keep your devices updated and double check that you have the seedphrase backed somewhere. I recommend multi-sig also for security.
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