IntroductionHierarchical deterministic wallets make use of seed phrase to recover a wallet. Mnemonic phrase is also referred to as master seed, wallet back up or recovery seed/phrase. So, they serve as a back-up in case of wallet theft or damage. Bitcoin Improvement Proposal: 0039 (BIP39) that was approved by bitcoin community that most wallets are using today is referred to as mnemonic phrase.
The English version of the phrase are taking from group of 2048 words containing in a supported wallet, they are known as BIP39 word list. For a 12 random word, the number combination that could be possible is 2048^12 and equals to 2^132 which will make the phrase 132 bit security, but the 12 word seed is 128 bits which means all the 12 words are not randomly selected but approximately have the same strength like private keys. The BIP39 support 128 to 256 bits that can generate 12 to 24 words.
Bits of entropy Number of words 128 12
160 15
192 18
224 21
256 24
Common wallets that support BIP39Hardware Wallets Trezor
Ledger
Keepkey
Cool Wallet
Coldcard
Software Wallets Support Bread Android, iOS
Exodus Windows, macOS, Linux, Android, iOS
Mycelium Android, iOS
Samourai Android
Coinomi Windows, macOS, Linux, Android, iOS
Blockchain Android, iOS
Copay iOS, Android, Chrome, Linux, Windows, MacOS
Jaxx Android, iOS, MacOS, Windows, Linux, Chrome
Blockstream Green Android, iOS
Ownbit Android, iOS
BlueWallet Android, iOS
Enjin Android, iOS
Wasabi Linux, Windows, MacOS
The passphraseThis is the protection of seed phrase with password, this password makes it impossible to access the seed phrase without knowing password, they are called passphare, the passphras is required to access the seed phrase, some wallets call the passphrase seed extention and it is referred to as the 13th/25th word.
BIP39 FAQCan I use the seed phrase to recover back my wallet?
Yes, if the wallet support seed phrase called BIP39, it is a backup and can be used to restore back your bitcoin or any cryptocurrency stored on your wallet.
Can I use the my wallet seed phrase to recover my bitcoin and altcoins on another wallet?Yes, it is very possible, but the wallet must support the cryptocurrencies you have on your previous wallet and must also support BIP39, which means the wallet should support BIP39 for seed phrase, BIP32 which defines account and BIP44 for multiple coin types.
How can I back-up my wallet seed phrase?The recommended way is to get a paper and write it down with a paper. Having duplicate will be good and should be kept in different safe places. Also, it can be stored written on a metal or printed paper.
Should I split my seed phrase into two?No, if one part is know to hackers, it can be used to generation others words possibly, the cryptographic security of the back up is can be compromised. But if you want to split it into two in a way that will make the words useless for hackers, you can use With text:
Shamir's secret sharing and make sure you use 24 words phrase.
Can I recover back my bitcoin or altcoin without without passphrase when enabled?No, it is not possible, be careful when choosing passphrase to protect your seed phrase.
What should I do if I have forgotten my passphrase?If you remeber your access pin or password to your wallet and you can send out your coins to another wallet, it is advisable to send your coins to another wallet entirely, otherwise, your coins may be lost.
How to recover bitcoin using seed phrase?Be careful of malware, it can result to bitcoin or altcoin loss to hackers. That is why hardware wallets are better use for this without connecting it to any device.
Should I check back up regularly?Yes, check it often, read it often daily because it is memorizable but do not think you know off hand after memorizing it, still check it often and keep it safe.
Can I back up my seed phrase on computer or cloud storage?Phones, computers including cloud storage like google drive and one drive are not advisable, paper back up is the best, be it written or printed.
ConclusionThe BIP39 is a means of recovering lost bitcoin or altcoins, it should be back up and stored safely, also if it is passphrase, the passphrase should not be forgotten in order to be able to access the seed phrase.
https://github.com/6102bitcoin/FAQ/blob/master/seed.mdhttps://www.blockplate.com/blogs/blockplate/list-of-bip39-wallets-mnemonic-seedhttps://en.bitcoin.it/wiki/Seed_phrasehttps://bitcoin.stackexchange.com/questions/80531/seed-restore-from-one-wallet-to-another