Wallets - Documentation (2024)

FAQs

What is the 12-word secret recovery phrase? ›

What is a secret recovery phrase? Your secret recovery phrase is the key to your wallet and controls access to all your crypto. A secret recovery phrase is a set of words that correspond to numbers. These numbers make up a seed integer that generates all of the private keys in your wallet.

To guess your seed phrase, you not only need 12 correct words. You will also need to put them in the correct order. With a current, most up-to-date computer, it will take a few billion years to find that combination.

Here is an example of a 12-word seed phrase: timber, sword, where, noodle, joy, eagle, admit, tuna, vibrant, museum, gossip, river. The standard method for seed phrases is called BIP-39 —short for Bitcoin improvement proposal-39. BIP-39 was introduced in 2013 with a list of 2,048 words that could be in seed phrases.

If you forgot to write down your backup phrase you can always access it within the wallet. You just need to enter the wallet with your password. Then go to the Settings tab and find Private Keys. View your phrase and save it in a safe place.

In his Secret Obsession book, Bauer details how you can craft that twelve-word text message, constructed to trigger a man's hero instinct. This instinct, as Bauer described it, is an innate desire in individuals, particularly men, to feel needed, appreciated, and essential.

2 Answers. Yes - one seed phrase can point to multiple addresses. Though one private key is only associated to one account.

Yes, the vast majority of cryptocurrency wallets have a private key or a seed phrase (also known as a recovery phrase or mnemonic phrase). A private key is a unique, randomly generated string of characters that allows the wallet owner to access and control the funds stored in the wallet.

Definition. A recovery phrase (sometimes known as a seed phrase) is a series of words generated by your cryptocurrency wallet that gives you access to the crypto associated with that wallet.

The recovery phrase is essentially all your private keys transformed into a readable twelve-word format. It is pivotal to your wallet safety because whoever has the recovery phrase has access to all funds in your wallet. Also, without it, you cannot access your funds if you lose your device.

Adequate Protection: With 2^128 possible combinations, the 12-word seed is a fortress against brute-force attacks. For most users, this level of security is more than sufficient to safeguard their digital assets.

What is the secret recovery phrase? ›

Your Secret Recovery Phrase (SRP) is a unique 12-word phrase that is generated when you first set up MetaMask. Your funds are connected to that phrase. If you ever lose your password, your SRP allows you to recover your wallet and your funds.

Your secret phrase is a list of words that acts as a master version of your private key; your private key is how you move funds through the blockchain. Remember: not your keys, not your crypto. Sweat Wallet is non-custodial — you own your keys already.

To convert a mnemonic to a private key, you first need to generate a seed from the mnemonic using a key derivation function such as PBKDF2 or BIP39. The seed is then used to generate a master key using a hierarchical deterministic (HD) key generation algorithm such as BIP32.

Backing up your wallet by saving a 12 words recovery phrase is crucial to ensure the safety and accessibility of your cryptocurrency. This recovery phrase acts as a master key, allowing you to regain access to your funds in case you lose your password.

A seed phrase, also known as a Secret Recovery Phrase (SRP) or mnemonic, is simply a collection of words that allows you to restore your entire crypto wallet. It's those 12-24 English words that your wallet presented you with while setting it up.

Adequate Protection: With 2^128 possible combinations, the 12-word seed is a fortress against brute-force attacks. For most users, this level of security is more than sufficient to safeguard their digital assets.