As cryptocurrencies are digital money, it would be easy to steal them if they did not have enough protection. This means private keys. Unfortunately, it is very easy to lose them. You might misplace your keys and this will mean losing access to your money forever, which is not an acceptable outcome. Because of this, even millions of dollars might be lost.
One could say that if you are careful you will be able to store your keys without issues, but if you think well, a flood or a fire could destroy it whether you keep the keys on a piece of paper or on a hardware wallet. It does not matter. You are never 100% protected.
What Is Crypto Key Stack?
Crypto Key Stack is a solution that was devised for this specific problem in the cryptocurrency industry. To prevent you from losing your keys and all your money with them, the company has decided to create a credit-card-sized element-proof steel plate that you can use to engrave your seed words in. This way, you can protect your public and private keys.
The CEO of Crypto Key Stack, Chris Gonyo, has always contemplated these security risks and felt uneasy about them. Unfortunately, he could never find a product that matched his exact needs. He wanted a solution that was affordable at the same time that it would be cold storage-based. This is how this new product was born.
How Crypto Key Stack Works
This product is considerably easy to use. Each plate is sold for about 15 USD and they can hold 24 seed words in them with packages that can have up to 10 plates together. The steel is recyclable, in case you want to sell it (but the company warns that you should wipe your funds out of your wallet first if you want to get rid of your card).
According to the creator of this product, there are many similar products in the market, but most of them have downsides, so they are not perfect solutions. Paper wallets are not safe from hazards like fires, floods and even human error. They are cheap but very unsafe and, therefore, not suitable.
Other more secure devices like USD drives and hardware wallets are also vulnerable to elements and electromagnetic pulses. The steel solution designed by this company is not. You can burn it or wet it and it will still work perfectly with a readable code.
The CEO Of the company believes that electromagnetic pulses could wipe out your wallets but having this physical device, you would have real ownership of your money because it is a physical, solid thing.
Crypto Key Stack Verdict
While it is certainly simplistic, the Crypto Key Stack device is certainly a great solution for people who are interested in saving money. It is immune to fire, water and electromagnetic pulses. It is only not immune to physical theft, but no hard wallet actually is and nothing is protected 100%, so it still looks like a reliable choice for you if you want to protect your tokens.