Billfodl is the safest and most secure way to store your 24-word recovery phrase offline, away from hackers. Using a set of character tiles, you recreate your recovery phrase in the steel unit, creating an almost indestructible back up.
- FIRE PROOF - forged to withstand more than double the temperature of an average house fire
- WATER PROOF - made from marine grade 316 stainless steel so it will never rust
- HACK PROOF - your recovery phrase remains offline at all times
- UNIVERSALLY COMPATIBLE - with every hardware & software crypto wallet on the market
WHAT IS A RECOVERY PHRASE?
A recovery phrase, or seed phrase, is the 24 words generated by your hardware wallet during the initial setup process. It is used to encrypt your private key into an easier to understand format (i.e. instead of a string of letters and numbers) which can then be used to identify, authenticate, and grant you access to the cryptocurrency in your wallet.
WHY IS IT SO IMPORTANT TO KEEP SAFE?
Your 24-word recovery phrase is used to access the cryptocurrency in your wallet. Therefore, anyone who knows your recovery phrase can access your wallet and funds. It’s vital that you keep it private and secure.
If your hardware wallet breaks, is stolen, or misplaced, your 24-word recovery phrase can be used to restore it. But if your recovery phrase is stolen or misplaced, there is no bank or institution to back you up or give you a replacement. And because of the secure nature and random mathematical sequences used to generate the private key, there’s no way you or anyone else can recover it, so you will lose access to your cryptocurrency.
YOU NEED SOMETHING PERMANENT, SOLID, AND DEPENDABLE TO STORE YOUR SEED WORDS ON!
This is where Billfodl comes in. Constructed of marine grade 316 stainless steel, Billfodl offers corrosion resistance to protect your 24-word recovery phrase no matter the environment. With a melting point of almost 1400 degrees celsius, it can withstand more than double the temperature of an average house fire - and, it’s impervious to any type of electrical hazard.
Simple to set up. Now to find a safe hiding place
The billfodl is a great idea in theory. My recovery phrase when all placed into the billfodl has too many characters to fit and I have only 16 of the 24 words stored. I need a second one.
It also then raised a question that in the event of a fire my recovery phrase would survive, however my hardware wallet would not....so perhaps an avenue for a new secure storage device - a water proof, fire proof hardware wallet.
<p></p><p>Hey Eric, </p>
<p></p><p>Thanks for your review. </p>
<p></p><p>I think you've misunderstood the Billfodl product and your recovery phrase. You only require the first 4 characters of each word to restore your wallet. Please use each numbered section on the Billfodl and place the first 4 characters of the corresponding word in the allocated slots.</p>
<p></p><p>You will be able to use all 24 slots for each of your 24 words. </p>
<p></p><p>If you have success, please consider updating your rating accordingly :)</p>
To your second point, a hardware wallet made from full steel whilst still having electronic parts internally would be pretty challenging to make that allowed for water and fire resitance. That's why, in our opinion, your recovery phrase is MORE important than your physical hardware wallet. A hardware wallet is replaceable, your words are not.