This article explains where to store your Steelwallet for maximum security and how to safely recover your funds using it.

Where should I store my Steelwallet?

Now that your setup is complete, you must store your Steelwallet in a secure and private location that only you know about or can access. Consider a location separate from your hardware wallet to minimize risk in case of theft.

Because the Steelwallet is resistant to fire, water, and corrosion, you have flexible options. Good choices include a home safe, a bank deposit box, or another well-hidden location.

How to recover your wallet securely

If you need to use your backup to restore your wallet, doing it safely is crucial. Your recovery phrase is the master key to all your crypto, and exposing it online could lead to total loss of your funds.

The biggest risk: Online exposure

Never type your recovery phrase into any device connected to the internet, such as a computer or smartphone. These devices can be infected with malware (viruses, keyloggers) designed to steal your recovery phrase. Entering your phrase into a software wallet or an online form puts your assets at immediate risk.

The safe solution: Use a hardware wallet

The most secure way to restore your wallet from your Steelwallet is by using a hardware wallet like the BitBox02.

Here's why this is the safest method:

• Offline Entry: The BitBox02 requires you to enter the recovery words directly on the device itself, using its screen and touch sensors.
• No Exposure: Your sensitive words never touch your computer or the internet.  They are entered directly into the secure environment of the BitBox02.

To restore your funds, you will use the BitBox02 to begin the restore process and enter each word from your Steelwallet when prompted on the device screen. For a detailed, step-by-step walkthrough, please follow our complete guide: Restore your wallet from recovery words.