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RE: Ask The Hive: How often do you backup your passwords and what is the process?

in Ask the Hive5 years ago

Not going into detail, but I use encrypted online backups and various offline backups, on paper and USB, including some in a safe deposit box in a former bank vault. I've learned that losing a key is a greater risk than having it stolen. Luckily, that was just a small amount of shitcoins like Peerplays, and one Steem account I never saved the password for.

And of course, keeping it on an exchange is a greater risk than keeping it on your own wallet.

I don't trust password managers, which are a single point of failure. I should mention that they're generally recommended by information security professionals.

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You sound pretty sorted.

I'm not a huge fan of password managers, although you can presumably take a backup of the storage file which would likely be encrypted.