Summary
TLDR: When it comes to self-custodying your Bitcoin, the responsibility lies with you. Secure your seed phrase by storing it physically on durable material like metal, never digitally. Keep it in a safe or lockbox, and consider splitting it for added security. Use protocols like Seed XOR or Shamir Secret Sharing. Remember, the key to keeping your Bitcoin safe is to keep your seed phrase hidden and secure.
Key Points
1. Sharing Is Bad: Your seed phrase is your money, and should never be shared with anyone. It is imperative to create and secure a backup of your seed phrase in case your hardware wallet or device is lost.
2. Computers Are Not Your Friend: Avoid recording your seed phrase in any digital format to protect it from hackers and security threats. Storing your seed phrase digitally puts it at risk of being accessed by malicious actors.
3. Use Durable Seed Phrase Backups: Choose a durable medium like metal to store your seed phrase securely. Metal backups are resilient against damage and offer long-term protection for your seed phrase. Make sure to store your backup in a safe or secure location to prevent unauthorized access.