From: thepipeline_xyz
To maintain the security of cold wallets, it is crucial to properly manage your recovery phrase or keys. You should always back up your recovery phrase or keys [00:00:38].
Key Storage Guidelines
- Offline Storage Never put your recovery phrase or keys online, as this would completely defeat the purpose of having a cold wallet [00:00:40].
- Physical Medium Store them in a safe place on a piece of paper [00:00:46].
- Secure Environment Ideally, stow them away in something that is fireproof [00:00:48].
- Known Location Place them in a location where you know exactly where they would be [00:00:53].