Bitcoin Steel Seed Backup Tools

bitcoin steel wallets

Curious about what steel wallet to buy?

Maybe you are wondering why you even need one.

In this article, we’ll cover…


How Can You Improve the Security of Your Crypto?

Security has always been the top priority when it comes to money.

The cryptocurrency space is no different than the economy for fiat money.

While blockchain technology has remedied a lot of security risks, it has also presented users with new ones. That’s why steel wallets have now become a big trend in crypto-security.

Get ready to take your cryptocurrency security to the next level with one of these beauties.

What Is a Cryptocurrency Steel Wallet?

Hardware wallets like the Ledger Nano X and Trezor T are popular because they offer a much more secure way to store your Bitcoins than the online wallets you get on crypto-exchanges.

Some of our favorite hardware wallets you need a steel wallet for.

The downside of hardware wallets is that you can lose all your Bitcoins if you accidentally break or misplace your wallet – or it gets stolen.

That’s where the seed phrase comes in.

What a mnemonic seed phrase looks like.

It’s a combination of random words that enable you to access your Bitcoins on the blockchain in case you lose access to your hardware wallet.

But a seed phrase can also be a major security risk.

Enter the cryptocurrency steel wallet.

A steel wallet is another cold storage wallet that securely backs up the seed phrase to your other hardware wallets so you never lose access to your Bitcoins.

Quick Info: Our Steel Wallet Picks

  • STEEL WALLETS
  • Billfodl
    • Highest grade steel wallet
    • 125% money back guarantee
    • Lots of accessories to up your security
    • Free shipping if you spend $75 or more
  • Cryptosteel
    • First steel wallet
    • Multiple types of steel wallets available
    • Free shipping on orders of $150 or more
  • Cryptotag
    • Made from titanium
    • Must manually stamp in letters

Why People Need Steel Backups for Wallet Seed Storage

You could just write down your seed phrase on a piece of paper and store it in a safe place. But that makes it no more secure than a paper wallet – and that’s risky business.

Most steel wallets, on the other hand, are resistant to pretty much any physical threat or natural disaster.

Steel wallets protect you from fires, floods, and even nuclear fallout.

Some examples threats steel wallets protect your seed from include:

That makes steel wallets almost indestructible. Some manufacturers even go so far as to make videos where they try (and fail) to break them.

Now that you know how steel wallets work and why they’re important, it’s time to look at some of the best-selling steel wallets on the market right now.

The 4 Best Cryptocurrency Steel Wallets

BillfodlBillfodl Get Privacy Pro's Billfodl Read Review

Privacy Pro's Billfodl is made from stainless steel (grade 316), which makes it a very tough wallet that is particularly resistant to corrosion. At $89, it is a great choice for the hodler who wants value for money without compromising on quality. The Billfodl also offers a 2-of-3 backup for advanced users for only $199 called the Multishard.


Pros
  • Simple setup process
  • Compatible with all crypto wallets
  • Scientifically tested at a Dept. of Defense ordinance testing facility
  • Very strong and competitively priced
Cons
  • No special characters ($, #, *) in the tile set means you cannot use the Billfodl to backup standard passwords

BRD WalletCryptosteel Get cryptosteel Read Review

The original stainless steel backup, Cryptosteel is made from stainless steel (grade 304). It sells for $144, so it quite a bit more expensive than the alternatives. They also sell another version called the Capsule for $163 that uses a slightly different backup method.

Pros
Cons
  • Tiles are not consistent, which makes them difficult to insert
  • The price point is higher than for other steel wallets
  • Bad support


CryptotagCryptotag Get Cryptotag

CRYPTOTAG is a titanium wallet that differs from Privacy Pro's Billfodl and Cryptosteel in that the user must use a hammer or engraving pen to stamp or engrave his own letters into the metal plate. It comes in two versions, the Thor ($199) and the Zeus ($109). Because the Thor comes with a hammer, 26 letter bits, a bit holder, two plates, earplugs, matches, and an anvil in the package, it is the more expensive set.

Pros
  • Allows for up to 48 words
  • Extremely high melting point
  • Includes all necessary tools
  • Tamper-resistant
Cons
  • Requires hammer and stamping kit to record seed phrases
  • Not re-usable
  • Risk of Injury during set-up


Jaxx LibertyColdTi Get ColdTi

ColdTi is, as the name implies, a titanium wallet. That makes it one of the most durable wallets on our list, which is surprising considering the low price point. But there's one major drawback.

Pros
  • Tamper-resistant
  • Extremely high melting point
  • Competitive pricing
Cons
  • Requires hammer and stamping kit to record seed phrases
  • Not re-usable
  • Risk of Injury during set-up


What are the Cons of a Steel Backup?

It’s important to remember that anyone who finds your steel backup would have access to your coins. After all, the whole point of the steel wallet is to backup a recovery seed which you use to get your coins back if you lose your wallet or it is destroyed.

Therefore, you need to make sure that your steel wallet is always somewhere no one else would find it. At the very least, make sure it is somewhere that only people you trust could find it. You may even want to instruct your spouse or significant others that they can use this device to access your funds in the case of your death.

The point is, steel wallets are mostly only meant to protect your seed phrases from fire and water damage.

If someone finding your steel wallet is something that concerns you, Privacy Pros offers another version of their Billfodl called a Multishard that addresses this problem.

multishard

The way this steel wallet works is that you have not one, but three steel wallets. Each one holds 16 of the 24 words.

Wallet 1 hold words 1-16 Wallet 2 holds words 9-24 Walet 3 holds words 1-8 and 17-24.

That means that if you need to recover your coins, you need at least 2 of the 3 steel wallets to get your entire seed. If someone finds one of the steel wallets, they wouldn’t be able to take your coins (they wouldn’t even be able to brute force it).

Which one will you choose?

As you can see from our comprehensive review, steel wallets serve an important function when it comes to protecting your Bitcoins.

Just to recap what we’ve covered in this guide:

Hopefully, you’ve found a steel wallet that suits your requirements and budget. But watch this space – more manufacturers will no doubt enter the market in the coming years.

  • STEEL WALLETS
  • Billfodl
    • Highest grade steel wallet
    • 125% money back guarantee
    • Lots of accessories to up your security
    • Free shipping if you spend $75 or more
  • Cryptosteel
    • First steel wallet
    • Multiple types of steel wallets available
    • Free shipping on orders of $150 or more
  • Cryptotag
    • Made from titanium
    • Must manually stamp in letters