You invested in crypto, but somehow you lost everything.
Sounds familiar? Hopefully, not.
However, how do you make sure you don’t end up in this situation? By protecting your assets with the only security pack you need, containing Kryptodots & a Ledger.
There are some outrageous stories about people losing access to their crypto assets. It’s rather heartbreaking if you think about it. Having a certain amount of crypto, but with the impossibility to access it due to an unfortunate event, is a scenario no one wants to picture himself in.
But the problem is quite present for all crypto holders. The good news is that there is a cautious solution. So let’s dive into that!
“Not your keys, not your coins”, they say. If we were to explain this in just a few words, it would imply the 2 types of wallets for holding digital assets: custodial, with the help of an intermediary which is mostly an exchange platform, and non-custodial, which puts you in full control of your funds. If you want to read more about this subject, make sure you check the Custodial & Non-Custodial Wallets | Key points, Pros & Cons article on our blog.
When you own a non-custodial wallet, what you really own is a private key. This private key is the greatest duty that you have. As with the eyes in the head, you need to store and protect it. You keep your private key safe; you keep your crypto safe. See below how you do that.
Step-by-step guide to securing your crypto
1. Create a wallet with the help of a ledger. If you already own a wallet, and you want to enjoy the extra security a ledger offers you, create a new wallet and transfer your digital assets.
2. Take a piece of paper and note down the freshly generated seed phrase containing 24 words. Cautions:
⚠️ The seed phrase will only appear once in your ledger. Make sure you note it down correctly!
⚠️ Don’t type it into any website or software program (like Notes, Notion, Word Doc/Excel Sheet/Slides)!
⚠️ Don’t take photos or screenshots of the seed phrase!
3. Convert your 12/24 words into numbers with the help of the bip39 list included in the Kryptodots kit.
4. Use the encoder and mark the dots on the base plate of the Kryptodots.
5. Permanently mark the dots on the plate with the use of the center punch and a hammer.
6. Enjoy a carefree life knowing you safely stored your digital assets.
Don’t get yourself in a situation in which you are locked out of your finances. Own your money and make sure you take all the necessary steps in protecting it.
What’s truly great about the Ledger, whether you choose a Nano S or a Nano X, is that it offers the best security to your crypto assets and it’s super easy to use. Do you own various portfolios of coins? That’s no problem for the ledger, as it can manage a wide range of coins and tokens. On top of that, the software constantly adds the newly launched tokens.
The ledger generates the seed phrase - as in the most important thing when owning a non-custodial wallet - and will only show it once when it creates the wallet. This moment is crucial for your soon-to-be-filled wallet because you have to take great care of the seed phrase. And how do you do that? With Kryptodots, of course.
This offline backup device permanently stores and protects your seed phrase, so that you may never lose it. It also makes it impossible for anyone to decrypt it. How does it do that? By converting the 12/24 words into numbers, and then into… dots. Yes, you read that right. Let’s see the process below!
The bip39 English word list - included in a Kryptodots kit- will help you turn the words into numbers. It has 2048 words, so if the phrase contained only 12 random words, the number of possible combinations would be 2048^12 = 2^132 and the phrase would have 132 bits of security and for 24 random words, the number of possible combinations would be 2048^24 = 2^264. That’s translated into super-secure. All you have to do is to search all your seed phrase’s words into this bip39 list and note down the correspondent 4 number code. It’s that easy.
Secondly, the encoder - included in a Kryptodots pack - will help you mark the dots into the right place on the base plate. Just tie it to the plate and, with the help of a marker or crayon, mark the dots on both sides of the base plate. Make sure you mark them correctly.
Thirdly, with the help of a hammer and the center punch, permanently mark the dots on the plate. That’s it!
The only reasonable alternative to the Kryptodots is a piece of paper. But we all can imagine its weaknesses. It can easily degrade, catch fire, or get wet and become useless. And it’s not just that. Let’s say you choose to make a laminated paper that's impermeable. It’s true, you get a higher level of protection, but not the best one. It still can burn easily and also your words wouldn’t be encoded. Owning a Kryptodots assures you of this protection, too. Not to mention that you can also apply any kind of pattern or method of scrambling information that only you know for extra security.
The ultimate pack: Ledger + Kryptodots
Why do the Ledger and the Kryptodots make the perfect team for your crypto safety? Because you have security on all levels and on all key points of the process.
If your computer breaks, your hard drive becomes corrupted or even the hardware wallet, i.e. the Ledger, gets lost, broken, or stolen, you can download the same software wallet again or buy another hardware wallet and use the seed phrase backup from your Kryptodots to get your assets back.
As the creators of Kryptodots, we offer* a Promo Pack with this ingenious duo: Kryptodots + Ledger, both Nano S and Nano X, for 20% off.
*for a limited period, until the end of stocks.
Shop Kryptodots + Nano S - 20% off https://kryptodots.com/product/bundle-kryptodots-ledger-nano-s/
Shop Kryptodots + Nano X - 20% off https://kryptodots.com/product/bundle-kryptodots-ledger-nano-x/