The CRYPTOTAG Starter Kit is developped to store your recovery seed in the most accurate and safe way there is. The patented system consists of all the components that you need to store your crypto in one complete package.
How does the CRYPTOTAG work?
When you have bought or downloaded a new (hardware) wallet, you have to configure it. The first thing your wallet says you must do is write down the backup phrase of your new wallet. This phrase consists of 12 to 24 words (depending on the type of wallet).
Your wallet will indicate that you must write the words on a sheet of paper. This is safer than storing your words digitally, but water, condensation, heat and age can pose a real danger. With the CRYPTOTAG you store your backup words in virtually indestructible titanium. You can be sure that your backup words are still easy readable after 1, 5 or 25 years.
You can engrave the words into the CRYPTOTAG by stamping the letters into it. All the components that are provided in the CRYPTOTAG Starter Kit make it really easy to engrave your words (see tutorial).
The CRYPTOTAG is made of titanium and each CRYPTOTAG consist of 2 plates. On every CRYPTOTAG plate you can engrave 24 words. This means that you can engrave a total of 48 words on each CRYPTOTAG. The Ledger Wallet and Trezor use 24 backup words as standard. This means that with one CRYPTOTAG, you can make a backup of two wallets. If you have more wallets, you can easily buy extra CRYPTOTAG plates (see Expansion kit)
Your crypto currency wallet uses a standard called BIP39. This protocol uses backup words that consist out of three to eight letters. The first four letter combinations are unique and sufficient to recover the full word. In simple terms: you only need the first four letters of each word.
Most of the wallets only ask you for the first four letters and automatically fill in the rest of the letters. This is why you only have to engrave the first four letters on the CRYPTOTAG and not the entire word.