Hello fellow hoddler,
we all know the rule: Not your keys, not your coins. But how do you secure your private keys or 2FA backup? A paper wallet can be stolen or destroyed by fire. A Ledger is an option and I own one but it can be destroyed as well. I want to share my idea regarding that toppic and would love to have feedback from the community.
3 USB sticks with an 256 bit hardware encryption secured with a different password to access.
2 USB sticks are in my home within a fireproofe bag. My parents know the password to each of them.
1 USB stick is in my parents home including the password for the USB sticks in my home. My parents only know the password to my USB sticks.
Therefore the risk of fire, water or any other hardware failure for every USB stick should be minimal and theft is prevented by storing device and password in the different physical space.
The passwords are a min. 20 characters generated by a random password generator.
Would it be overkill to put the data within the sticks in an additional .RAR-Package with an AES-128 encryption?