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0 sats \ 3 replies \ @Lumor 19 May \ on: First post and bitcoin custody bitcoin
If you insist on having a passphrase, I would go with 12 word mnemonic. Combined, they provide more than enough entropy.
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21 sats \ 2 replies \ @famisbtc OP 19 May
Yes, totally agree. 12 word mnemonic + passphrase should be enough. Thanks!
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0 sats \ 1 reply \ @Lumor 19 May
But if you are planning to only keep the passphrase in you brain, think about the consequences for your loved ones. I avoid passphrases if possible for this reason.
(Every passphrase generates a unique set of private keys so if one only has the 12 words with an unknown passphrase, it's game over).
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0 sats \ 0 replies \ @famisbtc OP 19 May freebie
Absolutely agree with you! I think adding a passphrase is a very important extra layer of security, but it can also be dangerous if you're not prepared to create and store that passphrase correctly. Of course, memorizing it is not an option for me, you never know when you might bump your head on a curb and forget everything 😂