MAHDOOD on Nostr: It’s all tradeoffs. You can have 3 devices and 3 seed backups. That’s good ...

It’s all tradeoffs. You can have 3 devices and 3 seed backups. That’s good redundancy but it’s more complex because now you need 6 different locations to keep track of. If you can secure those spots, then yeah I think it’s worth it. But you have to keep in mind certain risks. For example, let’s say you lose a backup seed and the same signing device that held that seed. Now you have two backups and two signing devices left. But since you need all 3 seeds to recover your funds, you essentially lost everything. You can backup the multisig wallet so that you can still recover the funds with only two of the three keys. But you’d need to keep that file secure somewhere separately as well. So you can see that it can get quite complex. It’s all tradeoffs.