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Can I just delete my wallet and use my 12-word recovery key as my “storage”? Is this safe? (Reddit Bitcoin)

Bitcoin

Obviously if you’re making transactions you need a wallet, but if you’re just hodling like me, do people just write it down on a piece of paper and put that somewhere safe and call it a day? Would a bitcoin millionaire trust his funds to a scrap of paper and put it in a safety deposit box? I’m just trying to understand options safe storage. Thanks!

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