How It Works
Blockplate provides a durable steel plate where users can engrave or stamp their seed phrases. This ensures that the vital recovery information is preserved in a format resistant to physical threats. The steps typically involve:
• Engraving or Stamping: Users manually etch or stamp their seed phrase into the steel plate using tools provided in some kits or separately purchased.
• Placement: Once the seed phrase is recorded, the plate can be securely stored in a safe, deposit box, or any secure location to prevent unauthorized access.
• Backup: It serves as a physical backup to recover cryptocurrency wallets in case digital devices are lost, damaged, or compromised.
Products Available
Blockplate offers various options, including:
• Standard Steel Plates: Thick, corrosion-resistant plates designed for maximum durability.
• Starter Kits: Bundled packages that include tools for engraving or stamping seed phrases.
• Customizable Options: Plates with pre-designed grids or patterns to help users organize their seed phrases easily.
Why It’s Secure and a Good Idea
• Physical Durability: Steel is resistant to fire, water, and corrosion, ensuring the seed phrase survives extreme conditions and nlike paper or digital files, steel plates are not susceptible to tearing, rotting, or data loss due to hardware failures.
• Offline Security: Seed phrases stored on steel are offline and impervious to hacking or malware attacks which minimizes the risk of unauthorized access via the internet.
• Longevity: A properly stored steel plate can last decades or even centuries, providing long-term peace of mind.
• Simple Recovery: A well-preserved physical backup makes it easy to recover digital wallets if the original device or other backups are unavailable.
Disadvantages
• Manual Labor: Engraving or stamping a seed phrase onto a steel plate requires effort and precision, which might be challenging for some users.
• Cost:Compared to writing seed phrases on paper, steel plates are a more expensive option.
• Physical Storage Risk: If the plate is not stored securely (e.g., in a safe or deposit box), it could be stolen, leading to the potential loss of funds.
• No Password Protection: Unlike digital backups, a steel plate does not have password protection. Anyone with physical access to the plate could potentially access the seed phrase.
Conclusion
Blockplate offers an excellent solution for individuals looking to secure their cryptocurrency seed phrases with maximum durability and offline security. While it requires some manual effort and secure storage, the benefits outweigh the disadvantages for those serious about protecting their digital assets. Proper care and strategic placement of the plate are essential to mitigate potential risks.