I've been hearing a lot about cryptocurrency and I'm interested in getting involved. However, I'm concerned about the safety of my assets. Specifically, I want to know if using a 12-word seed phrase to store my crypto is secure.
7 answers
StormGlider
Mon Dec 16 2024
As a result, the actual security of a 12-word BIP39 seed phrase is limited.
CryptoLordGuard
Mon Dec 16 2024
Specifically, the security level is 128 bits.
Elena
Mon Dec 16 2024
This security level is comparable to that of Bitcoin private keys.
CryptoProphet
Mon Dec 16 2024
The BIP39 phrase contains some non-random data.
SsangyongSpiritedStrength
Mon Dec 16 2024
Bitcoin private keys also offer 128 bits of security.