Introduction

One option is Shamir’s Secret Sharing. This method breaks down your seed phrase into multiple parts using a unique mathematical process. Unlike Seed XORing, Shamir’s shares allow you to retrieve your original seed phrase with fewer shares than the total. You can set it up like a multisig, where having a certain number of backup shares can help you recover your seed phrase. However, only specific wallets support Shamir, and it cannot be done manually.

It is crucial not to split your seed phrase on your own. If you are not using a secure protocol like Seed XOR or Shamir’s Secret Sharing, it is not recommended. Splitting your seed phrase without a safe method can greatly reduce the security of your bitcoin. While guessing 12 or 24 words randomly is statistically impossible, having even a few words makes it more feasible to guess the rest of the seed phrase.

For Ledger users, the Ledger Recover service offers an alternative. This service uses a form of Shamir’s Secret Sharing called Pedersen Verifiable Secret Sharing (PVSS). After identity verification with a government ID, you can backup access to your wallet without needing a seed phrase.

In cases where storing your seed phrase securely is challenging, options like Unchained, Casa, and Nunchuck Wallet offer multisig solutions. Third parties can hold one of your keys in a multisig setup, ensuring that you can move your funds to a new wallet with their assistance.

Securing your bitcoin is your responsibility. You must take it seriously and put in the effort to maintain its security. No one will come to your rescue if you do not take it seriously. As Gandalf warned Bilbo, “Keep it secret, keep it safe.

Conclusion

As a Bitcoin user, your task is to keep your seed phrase private and secure from threats. By storing it on a durable material like metal and keeping it away from prying eyes and thieves, you can ensure its safety. Keep it in a safe place, such as a locked safe or room that is not easily accessible to others. Simple measures like these are effective in keeping your bitcoin secure.