Wallet backup and recovery checklist | DecentralizedFinance.ca

In self-custody, the recovery phrase is the wallet. If it is lost, no one can restore access; if someone else sees it, they can take everything. This checklist makes a wallet recoverable by you, and by the people you choose, without making it easier to steal.

0/8

I wrote the recovery phrase by hand on paper or stamped it on metal, in the correct order, and checked the spelling of every word.critical
There is no photo, screenshot, cloud note, email, password-manager entry or printed copy of the phrase from a connected printer.critical
I restored the wallet from the written phrase on a second device (or wiped and restored) and saw the same addresses.critical
A second copy is stored in a separate, secure physical location.
If I use an extra passphrase, it is backed up separately from the phrase, and I have tested it.
I will never type the phrase into a website or share it with anyone, including anyone claiming to be support.critical
I wrote instructions for my executor explaining that the wallet exists and where the backup is, without writing the phrase in the will.
I set a yearly reminder to check that both backups are still readable and in place.

4 critical items still open. Stop until they are done.

Questions people ask

Can I store my recovery phrase in a password manager?

Any online copy adds a way for the phrase to be stolen remotely. Many security guides recommend offline storage only, on paper or metal, for any meaningful amount.

What if someone finds my recovery phrase?

Assume the wallet is compromised. Create a new wallet with a new phrase on a trusted device and move your funds to it right away.

How do I pass crypto on to my family?

Make sure your executor knows the wallet exists and where to find the backup and instructions. Avoid putting the phrase itself in a will, which can become a public document in probate.

Sources and dates

Ethereum wallets — ethereum.orgreference
No date shown on page · checked 2026-10-31. What wallets are and how they hold keys.
Ethereum security and scam prevention — ethereum.orgreference
No date shown on page · checked 2026-10-31. Wallet security habits and common scams.

Education only. Nothing on this page is financial, investment, tax or legal advice, or a recommendation to buy, sell, stake, lend or borrow any crypto-asset. Crypto-assets can lose some or all of their value and are not covered by CDIC. Canadian rules change: check the dated sources above and talk to a qualified professional about your situation. Full disclaimer.