Questions tagged [storage.]

Starlight Sat Sep 07 2024 | 7 answers 1166

Excuse me, but I was wondering if you could clarify something for me. In the world of Bitcoin and cryptocurrency, I've heard about recovery phrases being crucial for accessing one's funds. However, I'm a bit unclear on where these recovery phrases are typically stored. Could you elaborate on the recommended practices for safeguarding these vital pieces of information? Are there specific tools or methods that are widely regarded as secure and reliable for keeping them safe? Thank you for your time and expertise on this matter.

Raffaele Thu Aug 29 2024 | 6 answers 1217

I'm curious about how hardware wallets store cryptocurrency. Can you explain the process in detail? How do they ensure the security of the digital assets? Do they use encryption or other methods to protect the private keys? I'm also wondering if the storage capacity of hardware wallets is limited and if they can support multiple cryptocurrencies. Lastly, what happens if the hardware wallet is lost or stolen?