If you are a crypto hodler like me, you should be extra cautious during a bear market. Now we are facing something even worse than before, we have a price collapse in the cryptocurrency market paired with a worldwide recession coming. Many companies and projects will not survive this time…

Want to check which wallets support the BIP39 mnemonic recovery seed phrase? Read the article below to find out. What is BIP39 In the past, bitcoin and other cryptocurrency wallets were created and accessed using private keys. …

Knock yourself out with words! — What is BIP39? With the introduction of BIP39, the whole process of generating and accessing bitcoin and other cryptocurrency wallets was simplified. This was to simplify process of creating recovery seeds for your wallet and restoring it. BIP39 comes from Bitcoin Improvement Proposal no. 39. With BIP39 recovery phrase (also called mnemonic phrase)…

Are seed phrases and private keys the same? Are they different? We have all the answers. — If you would like to know the answer to these common questions: Is a seed phrase the same as a private key? Is the private key the same as the recovery phrase? What do you do with a seed phrase? What is the difference between the private key and the…

It protects your crypto wallet and allows easy recovery. Learn more about this feature. — Before BIP39 standard In earlier times bitcoin and other cryptocurrency wallets were generated and accessed using private keys. The private keys were deterministic, which means that with a given string of characters (private key) the wallet could generate and access the cryptocurrency wallet. The private key was multiple characters long and consisted…

Protect your cryptocurrency portfolio (2022 updated) — What is a seed recovery phrase? Bitcoin and other cryptocurrencies like Ethereum, Dogecoin, Cardano etc. use a system where you can easily recover your wallet. Nowadays it works almost always in BIP39 standard which is much easier than the previous solution with private keys. Wallet software generates a list of words and asks user to write…

What happens when you move your coins from exchange to a wallet. If you want to know can your bitcoin grow in price while in a wallet, please read further. You will also find information about why it does and what happens when you move coins from exchange to a…