When asked, “What is a mnemonic phrase?”
I usually answer like this: The password you set in your wallet is only used to unlock it on your current device. To recover your wallet on a different device, you need your mnemonic phrase. You can think of the mnemonic phrase as the “master key” to your entire wallet: the private keys for all its addresses are derived from it, so it’s more important than any individual private key.
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Have you ever run into any pitfalls related to this? Share them to help everyone stay alert.

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