Hello, everyone.
For some time, I have been ruminating about ways to securely store cryptocurrencies, and I have devised a method that I really like for storing crypto that I want to share with you.
The benefit of this method is that you only need to remember one certain book (and its edition) and that you can store your amended BIP39 word list anywhere you want, as hackers can’t do anything with it. (In my example, I have used a book, but any document that has numbers in will also work.)
Without further ado, here is my suggestion – or recipe, if you will:
1. Download the BIP39 word list [here](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) and scramble the words so that they all are in random order. (This is the 2048 word list where seed words for most cryptos are chosen from.)
2. Choose a book – that you can easily find elsewhere in case of loss – that preferably contains a lot of chapters.
3. Each chapter has a corresponding page number, and you insert your seed phrase in each page number entry. Example: Say I have a wallet with a 4 seed word (for simplicity). The seed words are:
> “act”, “ball”, “job”, “slim”.
And assume the first four chapters in my chosen book correspond to the pages 1, 3, 4 and 7. Then, in my list, I substitute entries 1, 3, 4 and 7. I have made an example below:
|*Original list*|*Updated list after replacing entries 1, 3, 4 and 7*||
|:-|:-|:-|
|casino|act||
|clump|clump||
|picture|ball||
|flash|job||
|frog|frog||
|wedding|wedding||
|inmate|slim||
|trim|trim||
In this example I have only a tiny portion of the scrambled 2048 word list in order to explain the process. In reality you use the whole list. If you find a book containing larger chapter gaps, that is more secure, as long as you *know* which entries to pick from the list so that you can recover your seed.
Regrettably, I don’t have an easier way of explaining this, so I hope you understand it. If not, feel free to ask. What I like about this method is that if you for example have a book consisting of 48 chapters, you could “store” two 24-seed words in it, just to give an example. Feel free to amend or come with suggestions or criticisms to this method.
And to the newcomers in this bull market, remember to be careful. If people ask you to enter seed words online, don’t do it. If something doesn’t feel right, it often isn’t, so please ask someone before you put your funds at risk. I hope you have a great day.
View Reddit by MindWallet – View Source
The post A new method I came up with of securely storing cryptocurrency where you only need to remember a certain book to access it. appeared first on Crypto new media.