Regular reminder: if you haven’t already, take the time this weekend to protect your bitcoin by making a copy of your recovery phrase / master seed and storing it in a safe place!

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All non-custodial wallets that use BIP39 word lists to create the master keypair give users a "recovery phrase" (also known as a "master seed") that enables you to recover your wallet if something happens to your phone or you need to reinstall your wallet app for any reason. Many people have lost money because they did not save a copy of their recovery phrase. Don't let yourself become one of them!

If you use a BIP39-based non-custodial wallet, take some time this weekend to write down a copy of your recovery phrase and store it in a safe place, such as where you store your birth certificate, cash savings, and other valuables.

We wrote about this recently on the Abra blog here:

https://www.goabra.com/blog/abra-recovery-phrase/

There is also a really cool tool called CryptoSteel that you can get to add an extra layer of protection for your backup phrase. Definitely check it out if you are storing any significant amount of bitcoin in your wallet. http://cryptosteel.com/

Stay safe and HODL on!

-JL

submitted by /u/AbraGlobal
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $17010.07 USD  (via Coinbase)
1 ETH = $1258.85 USD  (via Coinbase)
1 LTC = $76.11 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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