Cryptocurrency Q&A What is 12 secret recovery phrase?

What is 12 secret recovery phrase?

Bianca Bianca Sun Dec 15 2024 | 6 answers 1066
I've heard about this concept called '12 secret recovery phrase'. I'm not sure what it is exactly, but I think it's related to some kind of account recovery or backup. Can someone explain what this phrase is and how it works? What is 12 secret recovery phrase?

6 answers

Paolo Paolo Tue Dec 17 2024
This phrase is essentially a collection of words that have a specific numerical counterpart.

Was this helpful?

249
79
Giulia Giulia Tue Dec 17 2024
A secret recovery phrase holds immense importance in the realm of cryptocurrency.

Was this helpful?

326
20
HanRiverVision HanRiverVision Tue Dec 17 2024
It serves as the master key to your wallet, granting you exclusive access to your digital assets.

Was this helpful?

112
63
ethan_harrison_chef ethan_harrison_chef Mon Dec 16 2024
These numbers, when combined, form a seed integer, which is the foundation for generating all the private keys in your wallet.

Was this helpful?

57
60
Riccardo Riccardo Mon Dec 16 2024
Private keys are crucial as they allow you to make transactions and access your cryptocurrencies.

Was this helpful?

47
74
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts