Greetings to you all!
Wallet backup is one of the most interesting topic that I am here to share as well as I would love to share some of the tips after creation of it.
A wallet backup is very important because it gives you surety and safety of your cryptocurrency. In our home I personally have duplicate keys of important lockers so that it may remain as backup if original keys lost so in the same way wallet backup is also spare keys for your cryptocurrencies. If I talk about wallet then there are availability of hardware wallet software wallet and online wallets and their are different processes each wallet have but when I talk about general purpose of all these and general idea then it is same that it is responsible for the creation of copy of your private keys of wallet and then these are essential and important for restoring your wallet if there is any mishap at your device and with your keys.
If I talk about hardware wallets than these are very secure. Hardware wallets are just like devices that are physical for the storing of private keys offline So that it may stay away from online threats and manipulators. When I talk about baking up hardware wallet then you would receive a recovery phrase in which there would be series of words so it would be your duty to save these series of words at safe place because when you would lost your original keys then you may store your wallet by using these backup code or words.
As the name is indicating about software wallets that they are not physical so definitely they are those which we can install at computer and at any other device like mobile phone and these are not more secure because these are more prone to or vulnerable to online tracks or cyber crime that's why extra precautionary measures should be used for keeping your data secure and safe at software wallets. At software backup wallets there is a creation of mnenomic but it is important to note that we should secure these mneumonics offline and encrypted.
When I talk about online wallets then these are helpful and very easy for approaching your cryptocurrency just by having a device and an secure internet connection. There are different risks which are associated with online wallet but they allow you and permit you to create an amazing backup by searching out your private keys and you may also download backup file so it's up to you that which option you would like to adopt but again I am repeating it's that at last it's up to you that how much secure way you choose for saving your data offline.
You have created a wallet backup then still there would be few some of the very significant things that you should keep in your mind.
Keep it offline
I have talked many times above that after the creation of backup either it is in the form of mneumonic or code or any phrase you should always keep it offline and again I am focusing on this point so it means that you should save your data in that device which have no direct connection with internet because it would be helpful in the reduction of the risks of being approached by any manipulator and hacker.
Use a secure storage method
You should use a secure storage method means if you are using a hardware device let's say it is USB or external hard drive in which you want to store your backup then you should encrypt the backup file because it would act as a sandwiched layer in maintaining the security of your data which you are saving as a backup of your private keys.
Make multiple copies
After the creation of wallet backup if you would make multiple copies of it and you would choose multiple locations and areas to store these copies then it would give you mental satisfaction that suppose if any mishap occur and any copy will lost due to any reason then still you would have or you would available with another backup copy.
Test the backup
Test of your backup is very important after the creation of it because you should try to restore your wallet by the use of backup for giving surety that everything is working well and functionality is precise and then you would feel more confidence in saving the backup because you would know in this way by trying and checking it that if in future you would lost your private keys then the backup would be definitely very helpful for you.
Update the backup regularly
Suppose if you are making any new transaction and adding any more amount of cryptocurrencies to your wallet then it should be an immediate action by you that you should update your backup at regular basis because it give surety to stay update about your backup.
I choose this topic to explain in front of all of you because my personal thinking is that when you lost your keys then it creates a fearful situation for that person but there could be alternatives and precautionary measures in the form of backup that you should always keep in mind before passing through any kind of situation like lost in your keys so it was a guy before everyone that what is wallet backup and what are the necessary steps that you should take after creating a backup.
https://twitter.com/sahar78147909/status/1750949891562741874?t=4nq2ooNCspuk1tK9-JBt6Q&s=19
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