Difference between revisions of "Mnemonic Phrase"
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Mnemonic phrase, also known as a seed phrase or recovery phrase. It is list of 12 or 24 words used in sequence to access or restore a person's crypto wallet. | Mnemonic phrase, also known as a seed phrase or recovery phrase. It is list of 12 or 24 words used in sequence to access or restore a person's crypto wallet. It's recommended to store your mnemonic phrase not on a digital device, as those can be easily hacked.<ref>https://cryptoadventure.com/best-ways-to-store-your-mnemonic-passphrase-and-how/</ref> The most common storage method seems to be ''paper wallets'' (writing it down on a piece of paper) or ideally a hardware wallet.<ref>https://vault12.com/securemycrypto/crypto-security-basics/mnemonic-seed-recovery-phrase/how-do-i-back-up-my-seed-phrase</ref><ref>https://medium.com/radartech/hardware-wallets-explained-da8bd93ce801</ref> | ||
== Sources: == | == Sources: == | ||
https://coinmarketcap.com/alexandria/glossary/mnemonic-phrase | https://coinmarketcap.com/alexandria/glossary/mnemonic-phrase | ||
[[Category:Glossary]] | [[Category:Glossary]] | ||
Latest revision as of 20:10, 1 May 2022
Mnemonic phrase, also known as a seed phrase or recovery phrase. It is list of 12 or 24 words used in sequence to access or restore a person's crypto wallet. It's recommended to store your mnemonic phrase not on a digital device, as those can be easily hacked.[1] The most common storage method seems to be paper wallets (writing it down on a piece of paper) or ideally a hardware wallet.[2][3]
Sources:
https://coinmarketcap.com/alexandria/glossary/mnemonic-phrase