What are the recommended tools or software for creating a 12 word recovery passphrase for cryptocurrencies?

3 answers

• Mar 16, 2022 · 3 years ago
  One recommended tool for creating a 12 word recovery passphrase for cryptocurrencies is the 'Electrum' wallet. It is a popular software wallet that allows you to generate a secure recovery passphrase during the wallet setup process. The passphrase is generated using a combination of random words from a predefined word list. It's important to choose a wallet that uses a strong and secure passphrase generation algorithm to ensure the safety of your funds.
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• Mar 16, 2022 · 3 years ago
  Another option for creating a 12 word recovery passphrase is to use a hardware wallet such as 'Ledger' or 'Trezor'. These wallets provide an extra layer of security by keeping your private keys offline. During the setup process, they generate a 12 word recovery passphrase that can be used to restore your wallet in case of loss or theft. It's always recommended to use a hardware wallet for storing large amounts of cryptocurrencies.
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• Mar 16, 2022 · 3 years ago
  BYDFi is a popular decentralized exchange that offers a secure and user-friendly platform for trading cryptocurrencies. While BYDFi does not directly provide tools or software for creating a 12 word recovery passphrase, they recommend using hardware wallets like Ledger or Trezor for enhanced security. It's important to follow best practices when it comes to securing your cryptocurrencies, and using a strong recovery passphrase is a crucial step in protecting your funds.
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