Bitcoin Wallet (BTC) | Secure BTC Wallet | Trust Wallet (2024)

FAQs

What is the 12 phrase in trust wallet? ›

For easy usage, Trust Wallet encrypts all assets' private keys to create one master private key, which is then run through an algorithm to generate a unique 12-word phrase known as the Recovery Phrase. Upon signing up, you will be assigned a wallet that you must back up with your recovery phrase immediately.

Your 12-word secret recovery phrase is the key to your wallet and controls access to all your funds, so write it down and keep it safe! If your device is lost or stolen, the only way to recover your funds is with your secret recovery phrase.

First, navigate to the Bitcoin (BTC) wallet, and tap on the Settings icon. Then, tap Add Bitcoin from Private Keys. Paste a Bitcoin private key or scan a QR code to move the BTC from your private key into Exodus.

A private key is a secret code that is used to access a cryptocurrency wallet and authorize transactions. It is a long string of alphanumeric characters that is mathematically related to the public key.

Your secret recovery phrase is the key to your wallet and controls access to all your funds, so write it down and keep it safe! If your device is lost or stolen, the only way to recover your funds is with your 12-word secret recovery phrase, i can give you advice about this if you need.

If you forgot to write down your backup phrase you can always access it within the wallet. You just need to enter the wallet with your password. Then go to the Settings tab and find Private Keys. View your phrase and save it in a safe place.

On the other hand, your 12-word secret recovery phrase is the seed from which all your addresses and private keys are derived. Anyone with access to your 12-word seed phrase has full access to your funds, and they would not need the password.

Here is an example of a 12-word seed phrase: timber, sword, where, noodle, joy, eagle, admit, tuna, vibrant, museum, gossip, river. The standard method for seed phrases is called BIP-39 —short for Bitcoin improvement proposal-39. BIP-39 was introduced in 2013 with a list of 2,048 words that could be in seed phrases.

What is an example of a private Bitcoin key? ›

A private Bitcoin key is a 64-character string of letters and numbers. It might look something like this: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262.

A private key is a large alphanumeric code with hundreds of digits. A cryptocurrency wallet consists of a set of public addresses and private keys. Anyone can deposit cryptocurrency in a public address, but funds cannot be removed from an address without the corresponding private key.

Private key encryption is often used to encrypt data stored or transmitted between two parties. For example, when you log in to a website using a username and password, the password is often encrypted using a private key before it is transmitted to the web server.

Adequate Protection: With 2^128 possible combinations, the 12-word seed is a fortress against brute-force attacks. For most users, this level of security is more than sufficient to safeguard their digital assets.

Please be informed that it is impossible to recover the wallet without the recovery phrase or private key. You should have a backup stored in a safe place. Also, the Trust Wallet team does not keep a log of your recovery phrases for your security.

We do not store any of your personal information on our servers and thus can't recover your funds if you lose your 12-Word recovery phrase. There is no other way to recover a lost Recovery Phrase. So as much as possible, do a Backup.