The cryptocurrency space is all about owning your own money, and with that in mind it’s up to us to secure our funds. Users need to protect themselves against not just hackers, but also against their own mistakes as a simple mishap can see you lose your recovery phrases.
Many are unaware cryptocurrency wallets may not be enough to secure their funds. While they do keep your cryptocurrencies offline and away from hackers who may be trying to gain access to them, they’re also only a temporary solution. Their software may easily become outdated and lead to several potential problems. Users may forget the pin codes to access these, and natural disasters can completely destroy the wallets themselves.
Paper wallets are a cheaper solution, but paper wallets come with their own set of risks. As they are made of such a flimsy material, they can accidentally be thrown away, damaged, or lost. The solution to this kind of problem for many is in the form of metal seed storage devices, and CRYPTOTAG, a cryptocurrency firm, manufactures space graded titanium wallets on which to store cryptocurrencies.
These wallets can resist natural disasters, are definitely not going to be accidentally damaged or thrown away, and have no software. We conducted a short review using this wallet to see how what they are like to use, how they operate, and how it feels to have real value stored in them.
Here’s What Comes in the Box
As soon as we open CRYPTOTAG’s Starter Kit, we’re greeted with a message sending us over to their tutorial page so we know what to do with what we’re being given. The page details the plates included in the box allows us to store first four letter of every word in a passphrase, in accordance with the protocol used by most hardware wallets.
These four letters are enough to recover a hardware wallet, so one plate – out of the two that come in the box – is enough to secure one cryptocurrency wallet. If additional plates are needed, they’re available on CRYPTOTAG’s website.
The box itself contains the items necessary to engrave the letters onto the titanium plates: a hammer, an anvil, punching letters, and a small box of matches to burn your old paper wallet when it’s no longer needed.
Engraving the Words
To engrave your passphrase onto the CRYPTOTAG plate you’ll need to use the hammer. It’s relatively heavy and the process may be a bit intensive but it certainly isn’t hard. To engrave the letters we just have to adjust the holder to get the letter into position.
A few firm, strong blows with the hammer are enough to engrave one letter. The process needs to be repeated a few times to get things done, but in the end it’s all worth it for the sake of security.
The plates also have boxes on the front that’ll allow us to engrave letters into them, so we can manage more than one wallet with ease. Before engraving anything make sure you’ll be doing it in a firm base. A good table should do it.
CRYPTOTAG’s Starter Kit also includes a couple of earplugs you may want to use while engraving the letters, as each hammer blow will make some noise.
Securing Your Cryptocurrency Holdings
Engraving the letters is a rigorous process, but once it’s done – that’s it. Your titanium cold storage wallet is now ready to help you hodl your cryptocurrency for years to come. The Starter Kit includes a box of matches you can use to burn your old paper wallet.
While some may think there’s no need to do that, burning it will avoid certain longshot scenarios, such as throwing it away or accidentally losing it and it ending up on the wrong hands.
According to CRYPTOTAG’s website, the titanium plates are bulletproof and can withstand temperatures of up to 1,660 ºC. Needless to say, the plates themselves will need to be stored in a secure place.
- CRYPOTAG's New ‘Zeus’ Product: Leaner and Easier Than Ever
- Why the CryptoCompare team has chosen the Ledger Wallet
- Meet Business.Club: A Crypto Wallet Provider with Debit Cards
- What Is the Blockchain Trilemma?
- LevelNet, a Disrupting Cyber Security Platform
- Beyond Blockchains: Security tips for startups and crypto exchanges
- ‘When The Music Stops’: Crypto Wallets Work to Be Crypto’s Safe Haven
- Feel the Euro 2020 Winning Euphoria on 1xBit and Win Amazing Crypto Prizes Sponsored
- Beyond the Token Economy – How Convergence Brings Private Investment Into DeFi Sponsored
- How to Bet With Bitcoin on Euro 2020 Sponsored
- What is Satoshi Nakamoto's Net Worth?
- SuperFarm Rolls Out NFT Farming Feature to Complement Ecosystem
- Around the World, Seven Traditional Firms Flying the Flag for Crypto in 2021
- ABEYCHAIN 2.0: Meet the Project Powering the Next Generation Blockchain Ecosystem
- Is Bexplus Right for You? What to Look for in an Exchange
- TeraBlock Is Gearing Up for it’s IDO Launch on BSCPAD
- BENQi’s Protocol on Avalanche Network, helps cutting down transaction fees
This website is only provided for your general information and is not intended to be relied upon by you in making any investment decisions. You should always combine multiple sources of information and analysis before making an investment and seek independent expert financial advice.
Where we list or describe different products and services, we try to give you the information you need to help you compare them and choose the right product or service for you. We may also have tips and more information to help you compare providers.
Some providers pay us for advertisements or promotions on our website or in emails we may send you. Any commercial agreement we have in place with a provider does not affect how we describe them or their products and services. Sponsored companies are clearly labelled.