Seed Phrase Management
Keeping your account's mnemonic seed phrase secret, safe and secure is one of the most important things you can do in order to protect your digital assets! We strongly reccomend that you do not store your seedphrase digitally, and instead store it physically (this is so that if your device is compromised, your seed phrase remains safe).
However, having your seedphrase on a single piece of paper in a single location presents it's own risks - what if an intruder steals the single piece of paper, or what if your house burns down in an accident?
Due to this, we would strongly recommend the Banana Split method, or using similar logic to store your seed phrase in multiple shards!
Example of splitting a 12 word seed phrase into 3 shards
These 3 shards should be physically separated from each other, to prevent a single accident from destroying all of the shards. If an adversary should steal just a single shard, they cannot gain access to your digital assets. We strongly advise against telling anyone where your shards are kept.
- 1.Open the Nova Wallet application.
Selectthe identicon in the top right of the screen.
Selectthe settings option (cogwheel).
Selectthe appropriate account.
Selectthe appropriate network.