Restore phrase in STW

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How to Restore phrase in STW

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hey guys good morning this is Dan with larger sport how are you doing today in this video we are going to talk about what should you do if you lose your 24 word recovery phrase lets do it so just a quick word on what is your 24-way recovery phrase it is the list of words that is unique and given to you when you first set up your Ledger Nano device this phrase actually represents all your product keys this means that anyone with access to 24 word recovery phrase can also have access to your accounts and spend your funds so its super super important to never share near 24 watt recovery phrase with anyone otherwise they might be able to steal your funds now lets just assume that my 24 would recovery phrase the one I just lost secures the private keys to access this Bitcoin account the one thats showing on your screen right now the problem is if anyone can find my 24 word recovery phrase they could buy a new device or download any software while its type my recovery phrase into that

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Can I use the same seed phrase for two wallets?

Passphrases also allow you to create multiple crypto wallets from a single seed phrase - in this way, you could even create a dummy wallet that would provide plausible deniability of your true holdings. If you lose your passphrase, you will likely lose access to your crypto!

How do I recover my wallet with seed phrase?

How to Recover Your Wallet With a Seed Phrase Restart Into Recovery Mode. The Ledger Nano X has two buttons, one near the USB-C port and one on the far end. Set Your PIN Code. The Ledger Nano requires you to set up a PIN code before accessing the device. Add Your Seed Phrase. Reinstall Apps and Add Your Accounts.

Is my recovery phrase my private key?

The recovery phrase sometimes called the seed phrase or mnemonic phrase is a 12, 18, or 24-word pattern generated each time a new wallet is created. Unlike your private key, which relates to just one blockchain address, the recovery phrase is a derivative of your entire wallet, and all private keys stored there.

How do I retrieve my trust wallet phrase?

How To Find Your Trust Wallet Recovery Phrase (Step By Step Guide) Step 1: Launch the Trust Wallet app and tap on [Settings]. Step 2: Select [Wallets]. Step 3: Tap on the 3-dot icon next to the selected wallet. Step 4: Tap on [Show Secret Phrase]. Step 5: Agree to the risks associated with your recovery phrase.

Can I use my recovery phrase on any wallet?

As long as you have your recovery phrase, you have your crypto. If you lose a hardware wallet on a bus or break a phone containing a software wallet, you havent lost your crypto you can simply enter your recovery phrase into another wallet.

How do I recover my recovery phrase?

Viewing Your Recovery Phrase from the App Log in to your Blockstream Green wallet and tap the Settings icon, then scroll to the Recovery section and select Back Up Recovery Phrase. 2. Choose Continue and record your recovery phrase backup.

Which wallets use 24-word seed?

The only places you are required to enter your 24-word are: The Helium Wallet App - on your phone. The CLI Wallet - on your computer. The Ledger Wallet - on your computer or phone NEVER enter them into a website.

Can I use my seed phrase on any wallet?

Seed phrases are an excellent way of backing up and storing bitcoins, so they are used by almost all well-regarded wallets. Seed phrases can only backups funds on the block chain. They cannot store funds involved in off-chain transactions such as Lightning Network or Blinded bearer certificates.

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