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RE: Trezor Unboxing (Trezor Guide Part 1/3)
@themobilewriter To backup you can write down the seed words or private key on a piece of paper.
I keep multiple copies on paper and encrypted usb.
The easisest and safest way is to export your wallet file but if you forget your password you won't be able to get back in. SEED words and private keys need to be encrypted to be secure!
You also have ledger wallet which is cheaper and just as effective.
Thanks for sharing. This was something i did not knew. I am currently using exchange wallet to keep my bytecoins & bitcoins. Bought both them just 20 days ago. I was little hesitant to transfer them in software wallet installed in my system. I actually have to change(upgrade) my motherboard to add another graphics card in my pc. I have OEM copy of windows 10. Since, windows considers motherboard change as a major change, i may have to install a fresh copy of windows by formatting the system. This had me worried since formatting erases all the system data. This is why i was considering paper wallets.