How Shamir Backup Makes Crypto Wallets SAFER!
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- čas přidán 12. 06. 2024
- Crypto wallet seed phrases are important. In this video, Alex explains why Shamir Backup is superior to the standard crypto wallet recovery phrase we’re all used to.
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Chapters:
00:22 - What you'll learn
00:36 - What is Shamir Backup?
00:45 - How does Shamir backup work?
01:57 - Why use Shamir backup?
02:46 - Shamir vs. Single Phrase Backup
04:56 - How to setup Shamir Backup
06:04 - Shamir FAQs
07:32 - Best wallets for Shamir Backup
09:35 - Hardware wallet reviews
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Disclaimer: The information contained herein is for informational purposes only and is not to be construed as financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. The speaker does not guarantee any particular outcome. This description contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thanks for supporting the channel!
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❤️ Thank you,
-Alex Gomez
Founder at Cyber Scrilla
#crypto #shamirbackup #bitcoin #cryptowallet #hardwarewallet #seedphrase #keystonewallet #ledgerwallet #trezorwallet #electrumwallet #cryptocurrencynews - Věda a technologie
The Trezor Safe 3 is my favorite wallet that offers shamir backup!
Here’s my full review if you’re interested:
Trezor Safe 3 Review - It’s REALLY Good.
czcams.com/video/2I7fVG97uVE/video.html
- Alex
You have the consistency and the quality to really capture an authentic audience. keep grinding 🙏
Thank you for your support 😊
Thanks for the nice clear video my friend! Very clear and concise! New subscriber! 👍
Hey thanks Richard! 🤝
Hi, thanks for the video!. One question, you said that M etamask doesn't support Shamir. But you can connect Keystone or Trezor with it. I understand that in case of restorage needed, you could restore with Shamir on your Keystone device and then connect with M.m. again, with the M.m. seed word being "irrelevant", since you use your connected hw wallet as confirmation for transfers which is the whole point of this. Did I understand correctly? Thanks in advance!
That is correct 👍
Great video! One quick question; With Shamir, can you still backup your seedphrase with only the first 4 letters of each word?
Well, yeah.. you still need to know the words. But 4 is always sufficient enough to guess the rest in terms of words derived from the BIP39 word list
@@cyberscrillaawesome! Thnx! 😊
Good video!!... do you know a cold wallet who storage BTC native and at lightning network?
I would use something like Electrum (it’s a hot wallet) and combine it with a cold wallet like Keystone for extra security.
- Alex
I have an Electrum wallet. But i cant find out how to use Schamir share with it. I just downloaded even the latest version.
Could u help, please?
I don’t think Electrum supports Shamir backup on its own. You need to use it in conjunction with a wallet like Trezor Safe 3
@@cyberscrilla thank u. I thought it might be that way but wanted to be sure
Can you create a Shamir share with tangem wallet?
No, you can’t.
@@cyberscrilla thank you.