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RE: Do You Have Any Questions About Crypto Currencies? List them here!
Bix Weir was eluding that their might be 3rd party considerations for hardware wallets because of backup pass phrase, he prefers paper wallets. I have a keepkey and am a little concerned, any one know if this is a legit concern ?
That has been my concern as well. I have a degree in cyber security and if there is a way to restore it from a 3rd party, there is a way to access your information..... Granted for all I know it could be encrypted and off site, but if a paraphrase can get to it, then it is obviously stored some where with a cipher....
Also, there is two - three step verification on those hardware wallets, but those could be potentially hacked....
I personally use paper wallets & myetherwallet (for ethereum and contracts, it is downloadable to use offline), and put it on multiple encrypted flash drives.
I appreciate your reply, thank you that was helpful.