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#seedphrase

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🧊 Buying a cold wallet? Don’t make these mistakes!

From fake devices to unsupported coins and mishandling your seed phrase, simple errors can cost you all your crypto. We cover the most common pitfalls new users face – and how to avoid them: auriccrypto.com/articles/guide

Picture showing cold wallet and coffee
Auric Crypto News · 5 Mistakes to Avoid When Buying a Cold WalletBuying a cold wallet is a solid upgrade for anyone looking to secure their crypto. Unlike hot wallets, which stay connected to the internet, cold wallets
#Bitcoin#BTC#Wallet
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After further research I've learned that #seedphrases contain some redundancy so that a user can get a few letters wrong and still use the phrase.

Also, a single #seedphrase can code for multiple private keys so you can have multiple addresses with one SP.

However, seedphrases generated by some wallets won't be compatible with other ones.

There's a standard called #BIP39 and some common word lists that wallets can adhere to for compatibility.

#bitcoin#btc#crypto