π§ What it does
BackupBuddy is the first seed phrase social recovery solution secured built for everyone, not just crypto natives. It allows you to securely backup and recover your seed phrase with the support of your friends and family β even your grandma can help! All it takes is your passport and a few clicks.
It gives users true peace of mind β you will always be able to recover your wallets. No password to remember. No complex on-chain system. We believe that everyone should have access to an easy and secure backup!
Anyone with a passport can now enjoy the benefits of social recovery for their self-custodial crypto wallet β and with it, the peace of mind.
π₯ The problem Backup Buddy solves
"In 2013, Welsh computer engineer James Howells mistakenly disposed of a laptop hard drive containing the private key for 8,000[a] Bitcoin in the Docksway landfill in Newport, Wales."
Bitcoin buried in Newport landfill - Wikipedia
James Howells would probably agree, securely storing your seed phrase is hard. It remains one of the biggest and most painful problems in crypto. β and losing it is one of the most painful experiences in web3. Current solutions are either outdated (e.g., writing on paper), overly technical, or rely on centralized custody β not your keys, not your coins!
π‘οΈ Social Recovery
As Vitalik explains in one of his blog posts, social recovery is a better model. So why don't existing solutions get more usage? User surveys show that they are often too complex, require technical guardians or are only available to EVM wallets. Social recovery already exists, think about who you entrust with your house's spare key. Probably your family and close friends, so why is there no accessible solution for your crypto asset keys?
π Our solution
BackupBuddy makes seed phrase recovery simple, social, and secure:
β’ Anyone with a passport can set it up β no technical background required
β’ Very importantly, only you can initiate and complete the recovery β because only you know who your guardians are, and each share is encrypted with your passport.
β’ Guardians donβt need to understand crypto β they receive a WhatsApp message, confirm with one click to add the recovery QR code to their Apple or Google Wallet.
β’ Guardians donβt need to remember anything or install an app
β’ Any smartphone user can become a guardian β so everyone in your social circle can take this role.
β’ No third party holds your Private keys!
β’ No passwords, no friction β setup takes less than one minute
β’ Easy recovery! Simply ask your guardians to send their stored QR code back β quick access from their Apple or Google Wallet