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How many words in a seed phrase?

Most digital wallets recommend using a seed phrase consisting of 12, 18, or 24 words. Choosing the correct length strengthens wallet security and ensures reliable recovery options. Research shows that 12-word seed phrases are the most common, providing a good balance between usability and security. However, 24-word seed phrases offer increased protection by making brute-force […]

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What is a custodial wallet?

If you want a simple way to manage your cryptocurrency holdings, choosing a custodial wallet offers a straightforward solution. These wallets are managed by third parties, such as exchanges or financial service providers, who hold and control your private keys on your behalf. This setup allows you to focus on transactions without worrying about security […]

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What is a non-custodial wallet?

Choose a non-custodial wallet to maintain full control over your cryptocurrencies. Unlike custodial options, it allows you to manage your private keys directly, reducing dependence on third parties. This approach enhances security by limiting the risk of hacks or centralized failures that can impact exchanges or hosted wallets. With a non-custodial wallet, you make all […]

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Should I write down my seed phrase?

Securing your cryptocurrency wallet begins with carefully managing your seed phrase. Writing it down and storing it securely is a crucial step in protecting your assets. When you record your seed phrase, you create a backup that ensures access to your funds even if your device fails or is lost. However, this process comes with […]

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Can I change my wallet address?

If you need to receive funds at a different address, the straightforward solution is to generate a new wallet address. Most cryptocurrencies, such as Bitcoin and Ethereum, allow users to create multiple addresses within a single wallet, enabling seamless transitions without losing access to your funds. While you cannot alter or “edit” an existing wallet […]

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What is a public key?

Use a public key to securely share data without exposing sensitive information. This method allows anyone to encrypt messages intended for the key owner, ensuring confidentiality during transmission. By providing a publicly accessible key, organizations enable safe exchanges without risking data interception. Recognize that a public key is a fundamental component of asymmetric encryption, paired […]

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Do crypto wallets expire?

Choose a wallet maintained by reputable providers that regularly update their software to ensure compatibility with evolving blockchain protocols. Neglecting updates may lead to reduced security or access issues, effectively rendering the wallet less usable or vulnerable. While digital wallets themselves do not expire, private keys or seed phrases can become inaccessible if not stored […]

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Can crypto wallets be hacked?

Securing your crypto wallet starts with choosing reputable wallet providers and enabling two-factor authentication (2FA). These steps significantly reduce the chance of unauthorized access. Regularly updating your software and firmware helps patch vulnerabilities that hackers might exploit. Be cautious with private keys and seed phrases: never share them with anyone or store them in unsecured […]

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What happens if someone finds my seed phrase?

If someone obtains your seed phrase and uses it to access your wallet, they can transfer every asset associated with it without your permission. Unlike passwords, seed phrases grant full control over your funds, making them crucial for security. Storing your seed phrase in an unprotected location risks losing your assets permanently. Sharing your seed […]

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What is a private key?

Manage your private keys with utmost care to prevent unauthorized access and protect your digital assets. These cryptographic elements are the foundation of secure communication and transactions, serving as the ultimate proof of ownership in various online systems. Recognize that a private key functions as a secret password that grants control over digital wallets, encrypted […]