A wallet without its key
Training 1565 minuteskey backup
A new wallet shows a recovery phrase. This is self-custody: support does not hold your key. You have not moved a meaningful amount into it.
Training goal: Test recovery before risking funds
▶ Play this trainingSituation
1. You consider saving the phrase in a shared gallery that syncs automatically.
- Choose protected separate storage
- Send the picture to a group chat for safekeeping
- Keep the only copy on the same phone
2. You test recovery in an official tool using an empty practice wallet.
- Ask unfamiliar support to check the phrase
- Move everything before testing to save time
- Verify recovery without sharing the phrase
3. The backup is readable but stays in the same bag as the device.
- Scatter the phrase across public notes
- Separate the device and backup locations
- Treat two items in one bag as independent backups
4. After the test, a site promises to recover any lost key for an advance payment.
- Do not treat the promise as guaranteed recovery
- Pay for the site’s guarantee
- Hand over all surviving secrets without checks
What you will learn
- Test backup before funding
- A recovery phrase is a secret
- Separate locations reduce a shared loss risk
Your real-life step
If you use self-custody, review backup guidance without exposing your secrets.
Questions and answers
Does support know my phrase?
Normally not in self-custody. Custodial services use a different access model.
Does a backup protect against price falls?
No. Access security and market risk are different.
Is any copy better than no copy?
An unsecured copy may expose the secret. You need both personal access and protection from others.
More trainings in this module
- Your files keep the subscription
- Your finger beats your decision
- You bought a token, not the rights
- Security locked you out too
- Familiar name, different number
- Three small payments, one date
Numbers are illustrative. A game, not financial advice.