I prefer cutting a webbed strap as the replacement, though you have to drill new holes. A minor change for a major improvement. Also, a heavy duty canvas bag beats a bucket anyway, as long as you're working with dry materials. #bucketsky

And it can’t be paracord - too thin and can cut/burn if it slips. Need some thick stuff. But yeah, sometimes I want to drain water and any penetration in the bucket only weakens the structure.