A lot of costly mistakes happen because people aren’t clear on little details like this.
What’s the deal with the so-called “25th word”?
Simply put, BIP-39 allows you to set an optional password (passphrase) in addition to your recovery phrase. It’s often called the “25th word.”
If you’re not confident you can manage two backups properly, an extra password could actually increase the risk of losing your coins, so think carefully before using one.
$BTC is currently at 81319.
Have you got this figured out?
What’s the deal with the so-called “25th word”?
Simply put, BIP-39 allows you to set an optional password (passphrase) in addition to your recovery phrase. It’s often called the “25th word.”
If you’re not confident you can manage two backups properly, an extra password could actually increase the risk of losing your coins, so think carefully before using one.
$BTC is currently at 81319.
Have you got this figured out?