What would be the ideal solution for generating and storing crypto-related secrets?
According to the experts, this “ideal” solution would have to meet several important criteria.
Firstly, you’d need to use a device dedicated to managing and storing your most important data. These “secrets”, passwords, seedphrases, passphrase or 2FA code etc… should be known only to you, and it’s important to keep them separate from your other usual means of storage.
So, while saving an unimportant text file on a USB key is unlikely to put you in danger, it’s a different matter to store your bank access codes, or the PIN code that unlocks your hardware wallet.
You’ll need a secure device dedicated to this function.
Encrypted hardware
Of course, security means encrypting your data. There’s no point in saving your most important secrets on a specific device if you store your data in plain text.
Encrypting your data means that anyone accessing your device (whether through loss or theft