Fin Wallet
  • 🐳Fin Wallet For Sei
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On this page
  • What is a Private Key?
  • What is a Seed Phrase?
  • The common point of Private key and Seed Phrase
  • Private key and PassPhrase
  1. User Guide
  2. FAQs

What is the difference between Private Key and Seed Phrase?

What is a Private Key?

A Private Key is a string of random characters, representing a cryptocurrency wallet address, allowing you to access, receive, and send your crypto funds. The Private Key is created from mixed letters and letters. Similar to a Password, it is the key of your crypto account.

A Private Key is a string of numbers and letters with the following form:

0xb46e06d22ce739ce1961724c45acd57831a21eca12fcf691c25d0f0562b5b5f6

Main features of Private key:

  • Private Key contains characters including uppercase letters, lowercase letters, and numbers.

  • The complexity of the Private Key is reflected in the random mixing of characters, without any rules, which makes it difficult for hackers to crack.

  • The Private Key is generated from the Passphrase by encrypting it.

  • Each Private Key can generate an address that allows you to make transactions in your wallet.

What is a Seed Phrase?

A Seed Phrase is a sequence of words used to control access, secure, and recover your wallet in case you cannot access your main wallet. The wallet service provider will issue you a Seed Phrase as soon as you create the wallet.

Seed Phrase is a sequence of words with the following form: race fog come flash position garbage glass rule dizzy behind use tape

Main features of Seed Phrase:

  • Seed Phrase is usually a sequence of readable English words, from 12 to 24 words, randomly generated.

  • Seed Phrase is mainly used to create and restore crypto wallets.

The common point of Private key and Seed Phrase

  • Private key and Seed Phrase are used to secure the account.

  • Both allow you to restore your wallet and grant access to your wallet.

  • Private Key and Seed Phrase both help to strengthen the security of the account, it is more difficult for hackers to attack.

Private key and PassPhrase

  • Seed Phrase is preferred over Private key because of its logic and it is easy to read, easy to remember, and can be easily noted on paper.

  • You can use Seed Phrase to regenerate your Private Key.

  • A Seed Phrase can create wallets containing multiple Private Keys.

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Last updated 10 months ago