Questions tagged [12-word recovery phrase]

Carlo Sat Oct 05 2024 | 6 answers 1197

Excuse me, I was wondering if you could clarify something for me regarding the Coinbase wallet. Specifically, does it come with a 12-word recovery phrase for added security and backup purposes? I've heard that this is a standard feature for many crypto wallets, but I wanted to make sure that Coinbase offers it as well. It would be great if you could confirm whether or not this is the case, and if so, how users can access and manage their recovery phrase for maximum security.

PulseRider Mon Sep 30 2024 | 7 answers 1840

Excuse me, I'm a bit concerned about security when it comes to my cryptocurrency wallet. I've heard that Coinbase is a reputable platform, but I'm wondering if they would ever ask me for my 12-word recovery phrase. Isn't that a highly sensitive piece of information that should only be known to me? I'm just trying to ensure that I'm taking all the necessary precautions to protect my assets. Could you clarify if Coinbase would ever request this information from me, and if so, under what circumstances?

Riccardo Tue Sep 17 2024 | 6 answers 851

I'm curious to know, what exactly is the 12-word recovery phrase in the world of cryptocurrency? Could you explain its significance and how it plays a crucial role in safeguarding users' digital assets? How does one ensure that this phrase remains secure and not compromised?

ethan_thompson_psychologist Wed Aug 14 2024 | 0 answers 0

Excuse me, could you please elaborate on how one might acquire their 12-word recovery phrase? I understand it's crucial for safeguarding cryptocurrency wallets, but I'm unsure of the specific steps involved in obtaining it. Is it generated automatically upon wallet creation, or is there a separate process I need to follow? Additionally, are there any best practices I should keep in mind when storing and securing this phrase? Thank you for your assistance.