Topic: What is the difference between seed phrase and private key? (Read 342 times)

I don't think so. The only time I have made use of my private key is when am importing my wallet address to MetaMask. What I did was just copy my private keys from my trust wallet, to paste them on MetaMask. Apart from that, I wouldn't have made use of my private keys. Private keys are not something to write down on a piece of paper. The number is very long

What specifically about it? Take note that your seed phrase could give you your private key but not the other way around. I mean, you cannot derive your seed phrase from your private key.

So if what you have is a private key, you could import it to a wallet and be able to take control of your funds, but only those that are in the address whose private key you are in possession of. Generally, 1 address = 1 private key, but 1 seed phrase = unlimited private keys. So if you have a wallet and lost the seed phrase but have the private key of one of the addresses, you couldn't possibly retrieve those funds that are deposited in addresses other than the one of which you have the private key. 

Electrum seed phrases are generated very differently than BIP39 seed phrases, as you say, but this is not why you cannot import them to Ian Coleman's tool. The reason they do not work in Ian Coleman's tool is because the process of turning the seed phrase in to a master private key is (very slightly) different. Ian Coleman's tool doesn't care how the seed phrase was generated, only how it is used. Essentially the only difference is in the salt for PBKDF2 - both concatenate your passphrase (if you are using one) with another word, but BIP39 uses the word "mnemonic" whereas Electrum uses the word "electrum". If you make that very minor change in the code for Ian Coleman, plus an additional change to have to stop checking for the BIP39 checksum (which does not exist in Electrum seed phrases), you will be able to recover your Electrum addresses.

I would also suggest doing this in this specific case, but do it with a hardware wallet paired with Electrum rather than an Electrum software wallet.

Since you are asking how to deal with single private keys properly, the wisest decision would be to create a regular wallet like Electrum and then sweep your private key using the "Wallet menu > Private keys > Sweep" option. Sweeping your private key means you will send all the coins that this private key unlocks to a new address that belongs to the new HD wallet you created which is with a regular seed phrase and which is a lot easier to backup and secure. Here is a thorough guide on how to do that: https://bitcoinelectrum.com/sweeping-your-private-keys-into-electrum/ Also, here is the very important guide on How to Safely Download and Verify Electrum.

The second option would be to create a paper wallet with your private key using an offline version of bitaddress https://github.com/pointbiz/bitaddress.org, but I wouldn't recommend doing that because it may result in you losing all your funds especially if you are inexperienced.

Just that seed phrase are easy to write down. Private key was created in non deterministic wallets even before seed phrase creation, it can be backup at the time, but I can not recommend writing down private key as I will prefer copying and pasting it. As seed phrase was invented, I can not be comfortable to backup private key, I would prefer seed phrase as it consists of just only 12 to 24 words rather than characters which are hard to backup if compared to seed phrase.

Yes, but only for BIP39 seed phrase. Like Electrum seed phrase, Iancoleman can not be used to generate Electrum wallet private key from its seed phrase because the way the seed phrase is generated on Electrum is not the same as it is generated on BIP39 wallets.

If you have the private key to your coin, you can use it to recover the coin and spend from it.

That's a bad analogy. Seed is like a plant seed that you can plant and get a tree with a lot of branches. It can have different sizes but has to provide the same strength as the private keys that you want to derive from it which is 128 bit hence the 12 word minimum but it can have different word counts (ie. entropy sizes).
The key that you derive is just a number that can be used in any asymmetric cryptography algorithm granted it is in valid range. So can use a single key as bitcoin, litecoin, ethereum,... key. You don't need to have a special seed.

The seed phrase is a 12 word that can be used to get your private key while the private key is derived from your seed phrase. If your seed phrase is multiwallet like trust wallet then you can used it to get your private key from each network like eth, btc. Basically, your seed phrase is like original and the private key is the clone if you put it that way and both can access the wallet.

You can also import your wallet to a wallet provider that also support private key. Some platform only use seed phrase and some used both.

Converting it to qr code is reasonable instead of hand writing it.

What if you only have the private key but not the seed phrase?

Nope, if you have the seed phrase there is no more need to keep a copy of your private key. Your private key, after all, is derived from your seed phrase. Having the seed phrase under your sole control means you also have the sole control of your private key. If in the event that you specifically need your private key for whatever reason, you could always extract it from your seed phrase using iancoleman's BIP39 tool.

The private key is a very long letter/number.  But do most people write that down as well?

They aren't, and I would go as far as saying that most users should never interact with their raw private keys unless they really know what they are doing and they have a specific reason for doing so. Trying to extract individual private keys from a wallet for the purpose of back up will likely lead to exposing those private keys and risking the coins contained, or not backing up enough information to fully recover all the coins in the wallet. Most users should just back up their seed phrase and forget about even looking at their private keys.

More basically than the answers above: Hexadecimal is a counting system. Hexadecimal numbers are, well, numbers. We simply use the characters A-F to refer to the numbers we more commonly think of as 10-15, because they are characters that are distinct and familiar to everyone. They are not being used as letters, simply as recognizable characters.

I've never noticed before, but Mastering Bitcoin is actually wrong here. 0 is not a valid private key.

Yes, this is correct. You can check the second tip in table. But I will prefer to make use of HD wallet or using https://iancoleman.io/bip39/ html file on an airgapped device to generate me private keys which are compressed wallet import format (WIF) starting from K or L.

https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch04.asciidoc


Yes. Private key can be any number between 0 and n-1 where n is a constant n = 1.1578 * 1077, slightly less than 2²⁵⁶

A private key is just a random series of ones and zeroes. You can generate it manually by flipping a coin 256 times. You may have heard of elliptic curve cryptography. A private key is essentially a multiplier that shows how many times we should add the base point G (constant point on an elliptic curve) to itself. The result of this multiplication, that is, elliptic curve scalar multiplication, is some point on an elliptic curve also known as a public key. So, both point G and the point of a public key are on a curve while the private key is not. Public keys aren't random numbers because they are determined by a specific multiplier, but that multiplier is generated by you randomly. Only you know this multiplier, only you can sign a message using this number.

Any private key is actually an integer between 0 and 2²⁵⁶ and is converted to other formats like WIF. (That's for making the copy-pasting easier and decreasing the chance of mistakes with including a checksum).

Of course,  not any integer between 0 and 2²⁵⁶ can be a valid private key. Due to secp256k1 ECDSA standard, the number of valid private keys is a bit smaller.

You are not wrong in the way you explained what a private key is because the Bitcoin Wiki refers to private keys as "secret numbers" as well. But I have always wondered why they opted for that terminology? Why call a string made up of letters and numbers (alphanumeric string) a number? I guess there is a logical explanation behind it.

From above, hosseinimr93 is absolutely right. During the generation of keys and addresses from hierarchical deterministic (HD) wallets, the seed phrase is first generated using entropy and checksum process to generate seed words (the mnemonic or the seed phrase) which is used to generate the seed using key stretching function in which PBKDF2 stretches the seed phrase (or + including the passphrase) using 2048 rounds of hashing with HMAC-SHA512 algorithm. From the seed is the master private key and master chain code are generated. The master private key generates the corresponding master public key (using the normal elliptic curve multiplication process m * G).




The private key, chain code and index number are used to create the child keys.

To know more about seed phrase, keys and addresses, you can read these for it:
https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc#pubkey
https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch04.asciidoc

The child private key is what you referred to as private key.

There are one way functions which really make it impossible to use private key to generate the seed phrase but the seed phrase can generate the private keys. Know that your seed phrase, seed or your master private key can be used to access all your child private keys which can be used to access your coins and spend it. So know that your child private key can be used to access the coin stored on blockchain with its corresponding address. The reason all private keys (be it child private key or master private key) should be completely remain only known to you, because if known to an attacker, it can be used to steal your coins. So protect your seed phrase, seed, master private key and private keys.

Also know that you master public key can be used to know all the bitcoin connected to your wallet corresponding addresses, it can not be be used to spend but it can deprive privacy, so very good to also protect the master public key for privacy reasons. Only addresses are for the public.

To be more specific, they are 12, 15, 18, 21 or 24 words. Any shorter than 12 like 9 words and below are not secure.

Both are secret information that you should keep securely because it gives you exclusive access to a specific space inside the blockchain. With these secret keys, you can interact with the blockchain space and move it around, change its size and form. Is there any difference between the two? Yes. A private key is a big random number represented in alphanumeric format. It is used to derive a corresponding public key and a specific address, which you will see in your wallet when clicking the "receive" button. The private key to the given address will be used to send funds to another address. A seed phrase, on the other hand, is a big random number represented as a set of several English words. The software you are using can take this big random number and generate millions of millions of millions of private keys that may be later used to generate millions of millions of millions of addresses which you can use to receive your coins. Each seed phrase always generates the same set of private keys, so you don't need to write them down. Just make sure that you keep your seed in a secure offline place no one unwanted knows about.

Seed phrase is the parent, private keys are the children.

In terms of saving, they are both important, but saving seed phrase is much better as its readable, can be memorized (not recommended), can be hand written and etc.— than saving private keys, coz its unreadable, too hard to write (composed of random alphanumerics) and there must be so much of them.

Seed phrase are generated using an HD wallet, a hierarchical deterministic wallet.
And private keys can be generated by different methods and might be unsecured in terms of method used.

Hey Upgrade00, You might want to correct the small error so that OP doesn't get confused when he reads through

For every transaction you make, you need the private key of your address to sign the transaction.
When you make a transaction, your seed phrase isn't directly used for signing the transaction. Your seed phrase (which is a series of words) is used to create a seed. Then the seed is used for generating the extended private key and the extended private key is used for generating your private key(s).
So, Any seed phrase gives you access to numerous addresses. But a private key gives you access to one address only (of course, more addresses if different script types are considered)

It should be noted that your private key(s) can be derived from your seed phrase. But your seed phrase can't be derived from your private key(s).

In basic terms a seed phrase is a representation of the private keys in an easily readable format in which you can back it up. Handling private keys would be difficult for most to write down and store without errors, so the seed or recovery phrase encodes the same information contained in the private key in a more user friendly format for easier recovery of an asset.

A seed phrase is a group of 12 - 24 words, while a private key is a combination of 51 or 52 alphanumeric characters.

What is the difference between seed phrase and private key?