August 4, 2023 · 4 min
Cryptocurrency wallets have come a long way since the early days of Bitcoin. One of the latest advancements in wallet technology is the BIP39 standard, which allows users to generate a seed phrase that can be used to recover their wallet in case of loss or theft. In this article, we will explore what BIP39 wallets are, how they work, and a list of major BIP39 wallets that are currently available.
BIP39 is a standard for creating a mnemonic seed phrase, or seed phrase, that can be used to recover a cryptocurrency wallet. The mnemonic phrase is a string of words that can be used to generate a private key, which is then used to access the cryptocurrency, using a wallet. The BIP39 standard was created to make it easier for users to recover their wallets in case of loss or theft, without the need for a backup file or private key.
For instance, a bitcoin private key can look like this:
E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262
Hard to store, and easy to make mistakes while recovering your wallet. Therefore, BIP39 was invented and adopted. It makes getting access to your wallet more easy. A BIP39 seed phrase can look like this:
hotel obvious agent lecture gadget evil jealous keen fragile before damp clarify
As you can see, these are regular words that are easy to store or remember. It is not advised to remember them, but it is significantly easier than remembering a 64-character-long string of random numbers and letters. BIP-39 mnemonics should always be backed up in an offline location, preferably on virtually indestructible titanium.
BIP39 wallets work by generating a mnemonic phrase that can be used to recover the wallet. The mnemonic phrase is typically 12-24 words long and is generated randomly by the wallet software. The words in the phrase are chosen from the official, open-source, and industry-standard BIP39 word list of 2048 words, which makes the phrase more secure than a password or PIN.
Upon creating the bip39 wallet, you will be shown a set of recovery words . The most common format of such a mnemonic code is the 12 or 24 word recovery phrase. In some cases, you can also set an 18 word backup phrase.
You will be asked to write the mnemonic code down. Once written down, you will, in most cases, be asked to fill in the words again in a specific order to check whether you noted the seed phrase correctly. Once you have passed the check, you will now be able to use the wallet to interact with the assets on the network.
Once the mnemonic phrase is generated, it can be used to recover the wallet in case of loss or theft. To recover the wallet, the user simply enters the mnemonic phrase into the wallet software, which then generates the private key and allows the user to access their cryptocurrency.
Today is the first day of the rest of your HODL.
Get ZeusThere is not much you can do if you lose your seed phrase. Therefore, you need to maintain a strict backup plan. Make backups of your wallets and store them on a Cryptotag.
Here is a list of major BIP39 wallets that are currently available:
The BIP-39 wordlist is an industry-standard and open-source wordlist. It contains 2048 commonly used seed phrase words. The mnemonic word list can be found on the internet, on our website on websites such as GitHub, and on educational websites or websites of manufacturers of BIP-39-related hardware.
The BIP-39 word list can also be found in other languages.
0001 abandon 0002 ability 0003 able 0004 about 0005 above 0006 absent 0007 absorb 0008 abstract 0009 absurd 0010 abuse 0011 access 0012 accident 0013 account 0014 accuse 0015 achieve 0016 acid 0017 acoustic 0018 acquire 0019 across 0020 act 0021 action 0022 actor 0023 actress 0024 actual 0025 adapt 0026 add 0027 addict 0028 address 0029 adjust 0030 admit 0031 adult 0032 advance 0033 advice 0034 aerobic 0035 affair 0036 afford 0037 afraid 0038 again 0039 age 0040 agent 0041 agree 0042 ahead 0043 aim 0044 air 0045 airport 0046 aisle 0047 alarm 0048 album 0049 alcohol 0050 alert 0051 alien 0052 all 0053 alley 0054 allow 0055 almost 0056 alone 0057 alpha 0058 already 0059 also 0060 alter 0061 always 0062 amateur 0063 amazing 0064 among 0065 amount 0066 amused 0067 analyst 0068 anchor 0069 ancient 0070 anger 0071 angle 0072 angry 0073 animal 0074 ankle 0075 announce 0076 annual 0077 another 0078 answer 0079 antenna 0080 antique 0081 anxiety 0082 any 0083 apart 0084 apology 0085 appear 0086 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BIP39 wallets are a new standard for cryptocurrency wallets that make it easier for users to recover their wallets in case of loss or theft. By generating a mnemonic phrase, users can access their cryptocurrency without the need for a backup file or private key. With the increasing popularity of cryptocurrency, we can expect to see more BIP39 wallets in the future. It's important to do your own research and choose a wallet that best fits your needs and preferences. After all, every crypto investor has a different investment horizon and different risk profiles.
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