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🧐 Hardware Wallet Security | Why it is essential to set and remember your hardware password — [Password recovery, contact via private message]
🧐 Hardware Wallet Security | Why it is essential to set and remember your hardware password —
[Password recovery, contact via private message!]
Some netizens say that having a mnemonic phrase is enough, and there's no need to remember the password. This is true for general mobile hot wallets, but it doesn't apply to certain software wallets and most hardware wallets.
Because when using the BIP39 standard to generate a seed from the mnemonic phrase, these wallets require a password to generate the correct address. Without the password, you cannot obtain the correct address. Such as Ledger, Bitcoin Core Wallet, Trezor's private wallet, and SafeWallet with a password.
[Password recovery, contact via private message!]
Some netizens say that having a mnemonic phrase is enough, and there's no need to remember the password. This is true for general mobile hot wallets, but it doesn't apply to certain software wallets and most hardware wallets.
Because when using the BIP39 standard to generate a seed from the mnemonic phrase, these wallets require a password to generate the correct address. Without the password, you cannot obtain the correct address. Such as Ledger, Bitcoin Core Wallet, Trezor's private wallet, and SafeWallet with a password.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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