Can somebody give a noob some advice on how to store crypto?

I want to keep a wallet offline, preferably on paper. I understand that it will be lost if I lose the paper, I’m okay taking that risk, I’d rather that than risk having a wallet on my PC which might one day become infected with malware.

How do I go about making a wallet? What information do I need to write down and what precautions should I take?

Is a seed phrase (the words you write down) the same as a private key? Cause they seem much more user friendly than a private key.

How would I make a wallet that has a seed phrase(if theres ones that don’t)?

Hope somebody can help! Thanks!

Edit: Also is there a way I could have a password on a mobile wallet? So i wouldn’t need to worry if I lose my phone

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19 thoughts on “Can somebody give a noob some advice on how to store crypto?”

  1. – install a wallet ( for exemple Exodus )
    – backup 12 words with a piece of paper
    – send small crypto on the wallet ( exemple : ALGO )
    – once ALGO received, delete the app
    – install the app again and use 12 words to recover
    – if you see the ALGO, then you can delete the app once again and forget about it until 2025

    Pro tips 1 : recovery words can be used with any compatible wallet ( atomic wallet, trust wallet, metamask to name a few) so even if Exodus does not exist in 2025 you can use another compatible wallet

    Pro tips 2 : you can actually use Trust Wallet to “read only” a wallet, this allow you to monitor your wallet see how much crypto you got without having the actual key so you can’t get scam hack or anything

    Cheers

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  2. Look into a cold wallet. Quick google search should help you start.

    Ledger or Trezor are popular options. There are other brands of course.

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  3. Your coins are on the blockchain.

    Who has the private key can move the coins. But anyone can create the private key from the seed phrase so we commonly use to store the seed phrase securely.

    There are different wallet types: a software wallet that is installed on a pc, the same that is an android / apple app or the most secure: an hardware wallet like trezor or ledger.

    Why the hardware wallet is more secure? Because the private key never leave the device so the personal computer that you use to move coins (from or to) your wallet don’t see it.

    If you destroy the hardware wallet you can access the crypto (on the blockchain) from the seed phrase (for this reason is very important that you store securely in an offline way, never type it on a pc or give it to anyone).

    One more thing, if you decide tu buy an hardware wallet please never buy it used beacuse someone could have generated a seed phrase and could access your crypto. Always buy from reputable source (producer) and create a new seed phrase (private key) when you first connect it to a computer.

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  4. I can’t answer all of you questions, but can offer you some pointers.

    – If I were to store seeds/private keys on paper, I’d make sure it was hand written with a good quality pen. I’d store the papers within a couple ziplock bags (one inside the other) as air tight as possible. I’d keep those inside my safe deposit box. A fire/water proof lockbox or small safe works if you’d rather store at home. Superior to paper is metal stamping. Lasts far longer, and you don’t need to worry about it getting wet, or burning up.

    – Most mobile wallets you can protect with a pin, password, or even biometrics.

    – And FWIW, a cheap laptop dedicated specifically for crypto will minimize your risks significantly. Keep the OS up to date, install some decent antivirus software, get that VPN going, and only access webpages needed specific for you crypto transacting. I only bring this up because you seem to be security-minded. But keep in mind that no plan is 100% foolproof. You just need to find what works best for you.

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  5. There’s hot wallets and cold wallets, a hot wallet is a wallet that is connected to the internet and a cold wallet is a hardware wallet that isn’t connected to the internet.

    What wallet you want depends what crypto you want to store in your wallet and a cold wallet isn’t as user friendly as some hot wallets but it’s safer to store your crypto in a cold wallet. I’d suggest you use a hot wallet first for awhile to get the hang of it and then use a hardware wallet.

    You will have two keys, public and private. The best analogy I can give is, it’s like your email account, your have your email address that you give to people to receive emails (public key) and your password to access your email account (private key) the private key is your seed phrase and that is what you will want to write down.

    If you want to store BTC I recommend electrum wallet for desktop, for mobile BlueWallet (BlueWallet is really user friendly and easy to use). If you have an old phone you could use BlueWallet on the old phone and put it on airplane mode and power off and it’s basically a hardware wallet.

    If you want to store ETH I’d use Metamask for desktop.

    If you want to use a cold wallet/hardware wallet I’d suggest Trezor, it stores BTC, ETH and other cryptocurrencies.

    A wallet hot or cold will always have a seed phrase, if it doesn’t it’s not a wallet and you don’t own the keys so you don’t have full control over your crypto.

    If you lose your seed phrase you won’t have access to your crypto, I’d suggest engrave your seed phrase on a washer for a bolt and put the washer on a bolt that’s on your bed.

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  6. If you are a noob the best way remain to use a trustworthy exchange.
    In the meantime you can educate yourself and use a defi wallet. Cdc defi, MetaMask and so on. Hardware wallet are always risky (in my opinion) because can get lost/damaged

    Reply
  7. You could use a hot wallet (exodus metamask) or cold wallet (Ledger)

    Save seed phrase

    ​

    Transfer your crypto to that. (make sure the wallet support the crypto you want to transfer)

    ​

    DONE

    Reply
  8. Trezor and Ledger are popular Hardware Wallets.

    Never leave an electronic trail of your seed phrase so write it down but either add the words into a story or something like that. Or split the seed phrase up and leave some words at your place and some at someone’s you trust.

    Happy cake day btw

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  9. Do not use paper wallets, but rather store the seed phrase to a regular wallet on a set of steel plates (don’t use paper to write down your phrase) and store those somewhere secure.

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  10. Why take the risk with a seed phrase on paper? Store your crypto on multiple devices easily and access it through an app with no security flaws. You and your friends hold pieces of your private key and these can only be assembled by you. This sounds like self-promo but hear me out, if you want to solve all of these issues, try Gridlock.

    No, a private key and a seed phrase are not the same thing. The private key should never be seen by anyone (arguable, even you). It’s safer that way. Seed phrases are outdated honestly. A lot of people will tell you to use a hardware wallet but they are prone to breaking or theft. If you lose your phone, you can easily recover your wallet with social proof from your friends.

    Gridlock is honestly the best way to go if you don’t want to risk existing storage methods. I personally don’t want the responsibility of upkeeping a hardware wallet or the risk of having a seed phrase. I especially do not want to deal with hot wallets. A distributed wallet is honestly the way to go. The best recovery technique is through social proof, because you can trust your friends way more than you can trust a stupid piece of paper.

    Heck, the reason I started working for Gridlock is because I think all other methods of crypto storage are too risky. It seems you have the same concerns I did. So honestly, check it out. The crypto storage game is going in the direction of Gridlock anyway, it’s just a matter of time. [https://gridlock.network/](https://gridlock.network/)

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