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I don't have any experience with HSMs.

My goal is to secure critical seed phrases used to generate crypto wallets

I found a good approach is to use HSMs to store encryption keys and encrypt the seed phrases (I don't know if that's how they're used or if there are any vulnerability/weak points in such an approach).

My environment: I will be hosting my servers on a public cloud service (AWS or GCP), so how would I go about buying and using the HSM, or is it better to also host the HSM the cloud service provides (cloudHSM, etc..) or something else?

schroeder
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