Cryptocurrency Wallet - Private key encryption best practice

I'm currently thinking about creating my own wallet extension and wondered about how to encrypt the private key. I thought about saving the encrypted version of a private key as an httponly cookie on the users client to prevent cross site scripting. The user would send a password + the cookie to the backend and I would decrypt it(base64) with the help of a unique salt that will be saved in a mysql user table. Is this a good practice or are there better solutions?



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