Backup Strategy

Definition

A backup strategy ensures you can recover cryptocurrency access if primary keys are lost. Strategies include seed phrase storage, redundant backups, geographic distribution, and inheritance planning. Post-quantum wallets use the same backup principles with potentially larger data.

Technical Explanation

Backup methods: seed phrase (BIP-39 words), encrypted key files, paper wallets, metal plates (fire/water resistant), and Shamir Secret Sharing (split among trustees). 3-2-1 rule: 3 copies, 2 media types, 1 off-site.

Post-quantum considerations: seed phrases work identically—they generate master entropy. Larger exported keys need more storage space. Backup verification is critical—test recovery before depositing significant funds.

SynX Relevance

Backup your SynX wallet with the standard 24-word seed phrase. This recovers all Kyber-768 and SPHINCS+ keys. Store redundantly, test recovery, and consider inheritance planning. Your quantum-resistant assets are only as safe as your backup.

Frequently Asked Questions

What's the best backup method?: Metal plates (resist fire/water), stored in multiple secure locations, with tested recovery.
Should I encrypt my backup?: BIP-39 passphrase adds encryption. Balance security with recovery risk—forgotten passphrase means lost funds.
How do I plan for inheritance?: Secure backup location instructions for heirs. Consider Shamir splitting among trusted parties.

Secure your recovery. Backup strategies for SynX