The Crypto Merchant, an online store specializing in high-quality crypto security solutions, announced a full report on the top crypto seed phrase backup tools for 2023.
The announcement comes as 2022 has seen over $4.2B in crypto hack losses, according to a Privacy Affairs report. With hackers attempting over a dozen crypto-related scams every 60 minutes, unsecured assets are at increasingly high risk.
The Crypto Merchant explains that a crypto seed phrase – a sequence of words that acts as a master key for a crypto wallet – is a fundamental security asset for a crypto traders. Since the seed phrase provides access to the wallet even without the password, keeping it safe is essential for ensuring the security of one’s digital assets – yet storing the seed phrase may be harder than it sounds.
“Many choose to back up their seed phrase on paper or by memorizing it, but these are deceptively unreliable solutions,” said Mark Venables, President of The Crypto Merchant. “Paper is easily lost or damaged, and our memory can often fail us – which makes more robust storage essential.”
In its new report, the company showcases a series of crypto seed phrase backup tools that offer high levels of security and data protection.
The XSEED by SecuX, featured at number 8 on the list, is an affordable option for crypto traders looking for a simple and effective solution. With the option to store up to 24 recovery words, the XSEED is both fireproof and waterproof.
For customers looking for a premium option, the new report recommends the Cryptotag Zeus. The titanium crypto seed phrase backup tool can store up to six seed phrases, can withstand extreme stress, and is guaranteed for life.
With the latest update, The Crypto Merchant expands its range of products and resources for amateur and professional crypto traders and anyone interested in high-quality wallets and other security solutions.
Interested parties can find more information at https://www.thecryptomerchant.com/blogs/resources/the-best-crypto-seed-phrase-backups-of-2022?_pos=4&_sid=cd121f70a&_ss=r
The Crypto Merchant
609 South Ridgewood Avenue
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Michigan News journalist was involved in the writing and production of this article.