This is a continuation of a series analyzing bitcoin and cryptocurrency exchanges' user agreements.
Exchanges. They are usually the first place you go to buy Bitcoin for the first time. You make an account. Transfer money. Buy some coin. Easy. And for a good portion of people, that's it. Your coins are left on the exchange. Are those your coins? Are they under your control? Well when you made that account, there were some terms and conditions and user agreements you signed. Did you read them? They had very important details you agreed to.
Your seed is now on metal. Now what?
Memorizing your 24 word seed phrase is a valid method to secure your wallet backup. It's great way to have your seed with you at all times and can come in handy when traveling. It can even be a backup to your physical backup. (or vice versa). But did you know memorizing is actually the easy part. Creating an effective tool to help you memorize is hard.